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This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior
written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way
any of the material contained in this report. Each purchase and single copy is for personal use only.
Automotive Vehicle to Everything (V2X)
Communications Market 2019-2029
Forecasts by (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped
Smartphones, Vehicle to Home (V2H), In Vehicle (IN-V), (Embedded, Integrated, Tethered)), by Service Provider (OEM,
Aftermarket, Telematics, Connectivity), Road Side Units (RSU), Dedicated Short Range Communications (DSRC) (OEM,
Aftermarket) Plus Analysis of Leading Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent
Transportation Systems (ITS), Sensors & Telematics Technologies for the Internet of Things (IoT)
Page 84
/www.visiongain.com/automotive
Automotive Vehicle to Everything (V2X) Communications Market 2019-2029:
Forecasts By (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) /
DSRC Equipped Smartphones, Vehicle To Home (V2H), In Vehicle (IN-V), (Embedded, Integrated,
Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU),
Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading
Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation
Systems (ITS), Sensors & Telematics Technologies For The Internet of Things (IoT)
Figure 4.10 Revenues Forecast From DSRC-Equipped Smartphones 2019-29 ($bn,
AGR%)
Source: visiongain 2019
Our view is that the first models equipped with DSRC enabling Vehicle-to-Passenger
communication will be introduced in 2017 with penetration at this point at ~5%. As consumer
awareness of the benefits of V2V and V2P for safety and convenience increases we expect the
penetration of DSRC in new smartphones to grow with an average rate of 27.7% by 2029. This
will have a huge impact on revenues from DSRC-equipped smartphones which will amount to
$35.9 billion in 2029.
4.5.2 Smartphone Shipments Forecast 2019-2029
Table 4.8 Smartphone Shipments Forecast 2019-2029 (Billion Units, AGR%, CAGR%)
- 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2019-29
Smartphone
shipments
2.2 2.3 2.4 2.6 2.7 2.9 3.0 3.1 3.3 3.4 3.6 3.8
AGR (%)
5.55
%
5.43
%
5.33
%
5.22
%
5.11
%
5.01
%
4.91
%
4.81
%
4.72
%
4.62
%
4.53
%
-
CAGR 2019-24 (%) 5.2 2024-29 4.7
CAGR 2019-29 (%) 5.0
Source: visiongain 2019
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Revenues(inUSDBillion)
DSRC-V2P AGR(%)
Source: Visiongain
2016
Page 113
/www.visiongain.com/automotive
Automotive Vehicle to Everything (V2X) Communications Market 2019-2029:
Forecasts By (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) /
DSRC Equipped Smartphones, Vehicle To Home (V2H), In Vehicle (IN-V), (Embedded, Integrated,
Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU),
Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading
Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation
Systems (ITS), Sensors & Telematics Technologies For The Internet of Things (IoT)
The luxury car segment is witnessing significant adoption in APAC. For instance, China is
expected to surpass the US in terms of luxury car units sold in 2017. India is also witnessing a
rise in the adoption of luxury cars. For instance, the sales of luxury cars is expected to be more
than double by 2020 in India. The rising disposable income and the increasing young population
are the main factors behind the increasing growth of this segment in India and China. China is the
top market for Jaguar. Mercedes-Benz is expected to become the top luxury car OEM in the
world during the forecast period, owing to the increased sales from China.
Developed regions like Japan witnessed the introduction of V2X technology through OEMs like
Toyota. For instance, Toyota included V2V and V2I communication as a part of the new ITS
safety package in its three models in Japan in 2015. This new ITS safety package uses Japan’s
standardized ITS frequency of 760 MHz to receive and share data with external infrastructure and
other vehicles. The rising focus of automotive OEMs toward V2X technology is fueling the growth
of the automotive V2X market in the region.
Though the rate of adoption of in-vehicle connectivity solutions is slow, the market is expected to
witness strong growth during the forecast period, owing to the growing demand from emerging
markets such as India, China, Thailand, and Indonesia. Due to the growing demand for telematics
and built-in connectivity, OEMs such as VW, Ford, and GM are equipping their mid-range
vehicles with in-vehicle entertainment and information systems as a customary component. This
will allow APAC to grow faster. Therefore, APAC is expected to experience faster growth than
other regions during the forecast period.
5.2.4 Latin America V2X Communications Forecast 2019-
2029
Table 5.8 Latin America V2X Communication Market Forecast 2019-2029 (in Million Units,
AGR %, CAGR %, Cumulative)
- 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
2019-
29
In Million
Units
9.3 10.6 13.8 17.6 21.1 25.0 29.2 33.8 39.0 44.6 51.5 56.1 18.1
AGR (%) 14.6 29.5 27.8 19.8 18.3 17.1 15.4 15.6 14.3 15.4 8.9
CAGR 2019-24 (%) 22.4 2024-29 13.9
CAGR 2019-29 (%) 18.1
Source: Visiongain 2019
Page 134
/www.visiongain.com/automotive
Automotive Vehicle to Everything (V2X) Communications Market 2019-2029:
Forecasts By (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) /
DSRC Equipped Smartphones, Vehicle To Home (V2H), In Vehicle (IN-V), (Embedded, Integrated,
Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU),
Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading
Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation
Systems (ITS), Sensors & Telematics Technologies For The Internet of Things (IoT)
9.1.5 BMW’s Role in the V2V and V2I Market
Bayerische Motoren Werke AG (BMW) is a German automotive manufacturing company; it sells
in-vehicle connectivity in its BMW, Mini, Rolls Royce and Motorrad brands. BMW is the best-
selling premium brand globally, and its focus on the higher segments of the passenger car market
enables the company to use more expensive technologies, such as carbon fibre. These
technologies combine high performance with superior efficiency. Much like other German
automotive companies, BMW has played a pioneering role in the development of high
performance, high-efficiency vehicles.
The latest addition to the set of telematics services provided by BMW is TeleServices. BMW’s
TeleServices establishes direct communication between the vehicle and BMW. The aim of this
service is to facilitate the maintenance and repair of the vehicle as a large amount of vehicle
information is fed electronically into BMW’s system.
BMW's V2V projects are branded as "Car-to-X" technology program which enables
communication between vehicles and between vehicles and traffic infrastructure using a wireless
LAN or mobile network connections.
BMW has identified at least five separate applications for V2V which the company tested as part
of the 2013 a pilot program SIM-TD:
• Intersection Assistant: informs the driver about the position of other vehicles in an
upcoming intersection. The technology will use alarms and warning lights to warn the
driver's attention in case of emergency.
• Left-Turn Assistant: this application works using V2V to determine if there's too much
oncoming traffic for a driver to turn across lanes - even if the vehicles are not yet in the
driver’s line of sight. The technology works by alerting the driver with alarms and displays.
• Emergency Vehicle Warning: could be used by ambulances, fire trucks, police cars,
and other emergency vehicles. BMW's system keeps special tabs on such vehicles, and
when they're en route to an event, Emergency Vehicle Warning lets others drivers know
to yield.
• Local Hazard Warning: When the system senses traffic congestion or road hazards, it
alerts nearby drivers so they have they can make alternate travel plans.
• Traffic Light Assistant: this product tells drivers whether the upcoming traffic light will be
red or green according to data gathered by the vehicle and the others around it.

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New Visiongain report; Automotive Vehicle to Everything (V2X) Communications Market 2019-2029

  • 1. ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only. Automotive Vehicle to Everything (V2X) Communications Market 2019-2029 Forecasts by (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle to Home (V2H), In Vehicle (IN-V), (Embedded, Integrated, Tethered)), by Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU), Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation Systems (ITS), Sensors & Telematics Technologies for the Internet of Things (IoT)
  • 2. Page 84 /www.visiongain.com/automotive Automotive Vehicle to Everything (V2X) Communications Market 2019-2029: Forecasts By (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle To Home (V2H), In Vehicle (IN-V), (Embedded, Integrated, Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU), Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation Systems (ITS), Sensors & Telematics Technologies For The Internet of Things (IoT) Figure 4.10 Revenues Forecast From DSRC-Equipped Smartphones 2019-29 ($bn, AGR%) Source: visiongain 2019 Our view is that the first models equipped with DSRC enabling Vehicle-to-Passenger communication will be introduced in 2017 with penetration at this point at ~5%. As consumer awareness of the benefits of V2V and V2P for safety and convenience increases we expect the penetration of DSRC in new smartphones to grow with an average rate of 27.7% by 2029. This will have a huge impact on revenues from DSRC-equipped smartphones which will amount to $35.9 billion in 2029. 4.5.2 Smartphone Shipments Forecast 2019-2029 Table 4.8 Smartphone Shipments Forecast 2019-2029 (Billion Units, AGR%, CAGR%) - 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2019-29 Smartphone shipments 2.2 2.3 2.4 2.6 2.7 2.9 3.0 3.1 3.3 3.4 3.6 3.8 AGR (%) 5.55 % 5.43 % 5.33 % 5.22 % 5.11 % 5.01 % 4.91 % 4.81 % 4.72 % 4.62 % 4.53 % - CAGR 2019-24 (%) 5.2 2024-29 4.7 CAGR 2019-29 (%) 5.0 Source: visiongain 2019 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Revenues(inUSDBillion) DSRC-V2P AGR(%) Source: Visiongain 2016
  • 3. Page 113 /www.visiongain.com/automotive Automotive Vehicle to Everything (V2X) Communications Market 2019-2029: Forecasts By (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle To Home (V2H), In Vehicle (IN-V), (Embedded, Integrated, Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU), Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation Systems (ITS), Sensors & Telematics Technologies For The Internet of Things (IoT) The luxury car segment is witnessing significant adoption in APAC. For instance, China is expected to surpass the US in terms of luxury car units sold in 2017. India is also witnessing a rise in the adoption of luxury cars. For instance, the sales of luxury cars is expected to be more than double by 2020 in India. The rising disposable income and the increasing young population are the main factors behind the increasing growth of this segment in India and China. China is the top market for Jaguar. Mercedes-Benz is expected to become the top luxury car OEM in the world during the forecast period, owing to the increased sales from China. Developed regions like Japan witnessed the introduction of V2X technology through OEMs like Toyota. For instance, Toyota included V2V and V2I communication as a part of the new ITS safety package in its three models in Japan in 2015. This new ITS safety package uses Japan’s standardized ITS frequency of 760 MHz to receive and share data with external infrastructure and other vehicles. The rising focus of automotive OEMs toward V2X technology is fueling the growth of the automotive V2X market in the region. Though the rate of adoption of in-vehicle connectivity solutions is slow, the market is expected to witness strong growth during the forecast period, owing to the growing demand from emerging markets such as India, China, Thailand, and Indonesia. Due to the growing demand for telematics and built-in connectivity, OEMs such as VW, Ford, and GM are equipping their mid-range vehicles with in-vehicle entertainment and information systems as a customary component. This will allow APAC to grow faster. Therefore, APAC is expected to experience faster growth than other regions during the forecast period. 5.2.4 Latin America V2X Communications Forecast 2019- 2029 Table 5.8 Latin America V2X Communication Market Forecast 2019-2029 (in Million Units, AGR %, CAGR %, Cumulative) - 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2019- 29 In Million Units 9.3 10.6 13.8 17.6 21.1 25.0 29.2 33.8 39.0 44.6 51.5 56.1 18.1 AGR (%) 14.6 29.5 27.8 19.8 18.3 17.1 15.4 15.6 14.3 15.4 8.9 CAGR 2019-24 (%) 22.4 2024-29 13.9 CAGR 2019-29 (%) 18.1 Source: Visiongain 2019
  • 4. Page 134 /www.visiongain.com/automotive Automotive Vehicle to Everything (V2X) Communications Market 2019-2029: Forecasts By (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle To Home (V2H), In Vehicle (IN-V), (Embedded, Integrated, Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity), Road Side Units (RSU), Dedicated Short Range Communications (DSRC) (OEM, Aftermarket) Plus Analysis of Leading Companies With Car-to-X, Connected Cars, Autonomous Self-Driving Cars, Intelligent Transportation Systems (ITS), Sensors & Telematics Technologies For The Internet of Things (IoT) 9.1.5 BMW’s Role in the V2V and V2I Market Bayerische Motoren Werke AG (BMW) is a German automotive manufacturing company; it sells in-vehicle connectivity in its BMW, Mini, Rolls Royce and Motorrad brands. BMW is the best- selling premium brand globally, and its focus on the higher segments of the passenger car market enables the company to use more expensive technologies, such as carbon fibre. These technologies combine high performance with superior efficiency. Much like other German automotive companies, BMW has played a pioneering role in the development of high performance, high-efficiency vehicles. The latest addition to the set of telematics services provided by BMW is TeleServices. BMW’s TeleServices establishes direct communication between the vehicle and BMW. The aim of this service is to facilitate the maintenance and repair of the vehicle as a large amount of vehicle information is fed electronically into BMW’s system. BMW's V2V projects are branded as "Car-to-X" technology program which enables communication between vehicles and between vehicles and traffic infrastructure using a wireless LAN or mobile network connections. BMW has identified at least five separate applications for V2V which the company tested as part of the 2013 a pilot program SIM-TD: • Intersection Assistant: informs the driver about the position of other vehicles in an upcoming intersection. The technology will use alarms and warning lights to warn the driver's attention in case of emergency. • Left-Turn Assistant: this application works using V2V to determine if there's too much oncoming traffic for a driver to turn across lanes - even if the vehicles are not yet in the driver’s line of sight. The technology works by alerting the driver with alarms and displays. • Emergency Vehicle Warning: could be used by ambulances, fire trucks, police cars, and other emergency vehicles. BMW's system keeps special tabs on such vehicles, and when they're en route to an event, Emergency Vehicle Warning lets others drivers know to yield. • Local Hazard Warning: When the system senses traffic congestion or road hazards, it alerts nearby drivers so they have they can make alternate travel plans. • Traffic Light Assistant: this product tells drivers whether the upcoming traffic light will be red or green according to data gathered by the vehicle and the others around it.