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Vehicle-To-Everything (V2X) Communication System Market size is set to grow by USD 23.40 billion from 2024-2028, Growing demand for smart road infrastructure boost the market, Technavio

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NEW YORK, Aug. 6, 2024 /PRNewswire/ — The global vehicle-to-everything (V2X) communication system market size is estimated to grow by USD 23.40 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  22.79%  during the forecast period. Growing demand for smart road infrastructure is driving market growth, with a trend towards advent of smart cities. However, need to maintain compliance with stringent standards  poses a challenge. Key market players include Aptiv Plc, Autotalks Ltd., BMW AG, Capgemini Service SAS, Cisco Systems Inc., Cohda Wireless Pty. Ltd., Continental AG, DENSO Corp., General Motors Co., Huawei Technologies Co. Ltd., Infineon Technologies AG, Kapsch TrafficCom AG, Lear Corp., Neusoft Corp., NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., STMicroelectronics International N.V., and Unex Technology Corp..

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Vehicle-To-Everything (V2X) Communication System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 22.79%

Market growth 2024-2028

USD 23404.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

19.3

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key countries

US, China, Germany, Japan, and South Korea

Key companies profiled

Aptiv Plc, Autotalks Ltd., BMW AG, Capgemini Service SAS, Cisco Systems Inc., Cohda Wireless Pty. Ltd., Continental AG, DENSO Corp., General Motors Co., Huawei Technologies Co. Ltd., Infineon Technologies AG, Kapsch TrafficCom AG, Lear Corp., Neusoft Corp., NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., STMicroelectronics International N.V., and Unex Technology Corp.

Market Driver

Smart cities are digital innovations that connect various devices to enhance communication, improve performance, and reduce costs. Examples of smart city advancements include traffic control, home monitoring, e-toll, waste management, and water management. The number of smart cities is projected to increase significantly, with Saudi Arabia planning to develop 16 smart cities by 2030 as part of its Vision 2030 initiatives. V2X communication systems will be essential in enabling vehicles to communicate with various entities in these cities. The data generated from smart devices will be analyzed to improve business quality and innovate for a better future. Companies are focusing on installing communication infrastructure in smart cities to provide high-speed connectivity and asynchronous traffic shaping. Technology has evolved to include wearable devices, which function as data collection devices for analytics in the transportation sector. The incorporation of advanced technologies, such as V2X communication systems and wearable devices, within smart cities is expected to drive market growth during the forecast period. 

The V2X market is surging, driven by the growing awareness of connected vehicles and the need for faster, more efficient traffic management. The European Union (EU) is leading the charge, with Cellular V2X technology at the forefront. Automakers and OEMs are investing heavily in V2X, integrating it into electric vehicles and advanced driver assistance systems (ADAS). Smart parking, GPS-based location services, and predictive vehicle maintenance are just some of the benefits for vehicle owners. V2X technology also enhances automotive performance and provides real-time weather information. Infrastructure and road users alike reap the rewards of V2X, with intelligent transport systems, sensors, cameras, and data recorders enabling collision avoidance, traffic updates, and road condition alerts. However, challenges remain, including cybersecurity threats from hackers and network attacking gateways. Cloud-based networks and hardware solutions are being developed to counteract these risks. The future of the V2X market is bright, with autonomous vehicles, sustainable mobility solutions, and C-ITS set to revolutionize the automotive sector for consumers and connectivity infrastructure on highways in emerging economies. Companies like Cohda are leading the way in V2X innovation. 

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Market Challenges

Vehicle-To-Everything (V2X) communication systems face regulatory challenges due to stringent government regulations that govern manufacturing, distribution, marketing, and sales. For instance, IEEE 802.11p standards recommend specific features and technology for V2X communication systems. New standards continue to emerge, requiring manufacturers to comply with periodic inspections under the Quality System Regulation Act. Additionally, V2X communication systems in autonomous vehicles must meet Automotive Safety Integrity Level (ASIL) requirements, with suppliers adhering to International Organization for Standardization (ISO) 26262 standards. Maintaining these standards and updating offerings to keep pace with network technology increases manufacturing costs, potentially hindering market growth during the forecast period.The Vehicle-To-Everything (V2X) communication system market is rapidly growing as the transportation industry seeks to improve road safety and traffic efficiency. However, implementing V2X technology faces challenges. Vision-based systems, Wi-Fi, and cellular technology each have their limitations in adverse conditions. On-Board Units (OBU) and Roadside Units (RSU) must communicate effectively to enable Automated driver assistance, Vehicle-to-Vehicle (V2V), Vehicle-to-Pedestrian (V2P), Vehicle-to-Network (V2N), and Vehicle-to-Infrastructure (V2I) communication. Road networks, C-Road Platform, and various European programs like 5G-PPP, 5G Mobix, 5G MED, 5GCroCo, and 5G-ROUTES, are crucial for the development of advanced communication systems. Companies like Mercedes-Benz, Hamburg Port Authority, NXP Semiconductors, Siemens Mobility, Technolution, and truck and vehicle manufacturers are investing in V2X technology to reduce road traffic accidents, fatalities, non-fatal injuries, and disabilities. Traffic lights, parking spaces, trucks, vehicles, pedestrians, and energy savings are all benefiting from this innovative technology. Hazards and vehicular data are shared in real-time to enhance road safety and optimize traffic flow.

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Segment Overview 

This vehicle-to-everything (v2x) communication system market report extensively covers market segmentation by  

Connectivity 1.1 Cellular1.2 DSRCVehicle Type2.1 Passenger2.2 CommercialGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Cellular-  The Cellular Vehicle-to-Everything (C-V2X) system represents a unified connectivity platform designed to facilitate low-latency communication between vehicles, infrastructure, and vulnerable road users. C-V2X, which operates in the 5.9 GHz frequency range, offers non-line-of-sight awareness and enhanced predictability for improved road safety and autonomous driving. This technology enables vehicles to interact with other vehicles, pedestrians, and cyclists without relying on a cellular network. By implementing C-V2X and wireless technologies in transportation, significant benefits can be reaped, such as reduced traffic accidents, improved trip planning, mode selection, and traffic efficiency, leading to less fuel consumption. Real-time route assistance, optimized vehicle dynamics, and personal mobility services are just a few advantages of C-V2X. The technology uses 4G LTE or 5G mobile cellular communication that is 3GPP standardized. The Federal Communications Commission in the US has allocated 20 MHz and potentially 30 MHz of the 5.9 GHz range for C-V2X. The future of C-V2X is promising, as it will revolutionize the way we engage with our cars and communicate with one another, ultimately leading to a more effective and efficient transportation system. The expanding 5G infrastructure in both developed and developing countries is expected to fuel the growth of the C-V2X market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Near Autonomous Passenger Car Market is experiencing significant growth due to advancements in AI and sensor technologies. Major players are investing in R&D to enhance vehicle safety and efficiency. The market is segmented by technology, application, and region, with North America and Europe leading in adoption rates. Increasing consumer demand for advanced driver-assistance systems (ADAS) and semi-autonomous features is driving market expansion. Key players include Tesla, Audi, and BMW, who are pioneering innovations in this sector.

Research Analysis

Vehicle-to-Everything (V2X) communication systems enable vehicles to exchange information with other vehicles, parking spaces, traffic lights, pedestrians, and infrastructure in real-time. This technology enhances road safety by providing advanced warning systems for potential collisions and traffic congestion. V2X also promotes energy savings and traffic efficiency by optimizing vehicle flow and reducing idling time at traffic lights. Sensors, cameras, and data recorders are essential hardware components of V2X systems, while predictive vehicle maintenance and automotive performance enhancement are specific tasks they can perform. V2X communication systems operate based on fundamental standards such as SAE JS2735 and use various operating systems for data processing. In high-traffic environments, V2X systems can significantly improve safety and efficiency, reducing the number of road traffic accidents and improving overall traffic flow.

Market Research Overview

The V2X communication system market is a rapidly growing sector that enables vehicles to communicate with parking spaces, traffic lights, pedestrians, and other road users in real-time. This advanced communication technology enhances road safety by providing safety features such as collision avoidance, hazard warnings, and traffic updates. V2X also promotes energy savings and traffic efficiency by optimizing traffic flow and reducing road traffic accidents, fatalities, non-fatal injuries, and disabilities. V2X systems utilize various technologies including Cellular V2X, DSRC, IEEE 802, ITS-G5, and IEEE 1609. Automakers and OEMs are integrating V2X technology into electric vehicles, autonomous vehicles, and commercial vehicles for predictive vehicle maintenance, automotive performance enhancement, and platooning. The European Union (EU) and emerging economies are investing in V2X infrastructure to support sustainable mobility solutions and improve connectivity infrastructure on highways and in rural areas. However, security concerns such as hackers and network attacking gateways pose challenges to the V2X market. The market also includes various stakeholders such as traffic operators, government regulatory frameworks, telecommunications regulations, and third-party logistics companies. V2X technology relies on various sensors, cameras, data recorders, and predictive analytics to provide real-time information to road users. The market is expected to grow significantly in the coming years due to the increasing demand for intelligent transport systems, weather information, and C-ITS services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ConnectivityCellularDSRCVehicle TypePassengerCommercialGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Ceva Wi-Fi 6 and Bluetooth IPs Power Bestechnic’s New Combo Products

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Bestechnic integrates market leading Ceva-Waves Wi-Fi 6 IP together with Ceva-Waves Bluetooth Dual Mode IP in low power silicon products targeting smart wearables, smart home and smart audio applications

LAS VEGAS, Jan. 6, 2025 /PRNewswire/ — Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced that Bestechnic, a global leader in the design and development of wireless ultra-low power computing SoCs for the advanced smart audio, smart wearables, wireless connectivity and smart home markets, has extended its long-term partnership with Ceva to integrate Ceva-Waves Wi-Fi 6  and Bluetooth dual-mode IP platforms in new Bluetooth/Wi-Fi combo products, including the BES2610 and BES2800 families. Bestechnic has shipped more than 1 billion smart audio SoCs powered by Ceva’s Bluetooth Dual Mode IP to date, and is one of the world’s leading suppliers of smart audio SoCs for TWS earbuds, headsets, smart glasses, smartwatches and smart speakers.

ABI Research forecasts that Wi-Fi 6 shipments will approach 2.7 billion units annually by 2027. This growth is fueled by the adoption of Wi-Fi 6 in various devices, including smart audio products like TWS earbuds, smart speakers, and other wearables. Wi-Fi 6 is designed to provide high efficiency and performance while significantly reducing power consumption compared to previous generations of Wi-Fi. This makes it ideal for battery-powered IoT devices such as wearables and speakers where it complements Bluetooth audio functionality, offering high throughput and low latency which is critical for high-definition audio streaming and increasingly required for real-time data processing associated with embedded AI.

Bestechnic has deployed the Ceva-Waves Wi-Fi 6 IP alongside the Ceva-Waves Bluetooth Dual Mode IP in its recently introduced combo families of ultra-low power Bluetooth/Wi-Fi chips. The platforms incorporate a dual-mode Bluetooth 5.4 subsystem for both Bluetooth classic and LE audio, and a Wi-Fi 6 subsystem for high-throughput wireless connectivity and lossless audio. The highly integrated solution with BES optimized ultra-low power system, is designed to provide Bluetooth level power consumption for a Wi-Fi enabled device. For example, the current of 2.4GHz Wi-Fi RX is as low as 14mA, making it ideal for battery powered wearable devices.

“Our long-standing partnership with Ceva has been instrumental in our success, and we are excited to incorporate their Wi-Fi 6 IP into our newest combo device families,” said Zhao Guoguang, General Manager, Bestechnic. “This collaboration allows us to offer our customers cutting-edge wireless connectivity solutions that exceed the demands for high-definition audio streaming and other ultra-low power wearable applications such as smartwatches and smart glasses.”

“Bestechnic’s integration of our Wi-Fi 6 and Bluetooth Dual Mode IP in their combo devices showcases the exceptional value of our comprehensive wireless connectivity portfolio in addressing emerging trends and applications,” said Tal Shalev, Vice President and General Manager, Wireless IoT Business Unit at Ceva. “Embedded AI is rapidly making its way into every device around us, and seamless connectivity is the foundation of these devices. With Wi-Fi 6 providing robust data transmission that complements Bluetooth for streaming audio applications, our ability to deliver unmatched performance and power efficiency with our wireless connectivity IPs empowers Bestechnic to set a new benchmark for smart audio devices.”

About Ceva-Waves Wi-Fi
The Ceva-Waves Wi-Fi IP family offers a comprehensive Suite of IPs and platforms for embedding Wi-Fi connectivity into SoCs/ASSPs optimized implementations are available for various applications, from low power IoT peripherals right up to high performance, multi-user gateways and spanning all flavours of 802.11a/b/n/ac/be. Each Ceva-Waves Wi-Fi solution incorporates hardwired PHY modem functions and MAC functions, including a Full MAC software protocol stack. A fully hosted stack is also proposed, comprising the integration of FullMAC stack in FreeRTOS along with TCP/IP, supplicant and a reference IoT application. For more information, visit https://www.ceva-ip.com/product/rivierawaves-wi-fi-platforms/.  

About Bestechnic
Founded in 2015, Bestechnic specializes in the development of wireless ultra-low power computing SoCs for the advanced smart audio, smart wearables, wireless connectivity and smart home markets. Our engineering teams are dedicated to R&D work in a wide range of areas, including RF and analog, wireless communication, acoustic and audio signal processing, image and vision signal processing, NPU, ultra-low power computing SoC, as well as complete software stack and complex operating system. As a leading technology and SoC supplier, our products have been adopted by leading brands worldwide. Visit our website at https://www.bestechnic.com/.

About Ceva, Inc.
At Ceva, we are passionate about bringing new levels of innovation to the smart edge. Our wireless communications, sensing and Edge AI technologies are at the heart of some of today’s most advanced smart edge products. From wireless connectivity IPs (Bluetooth, Wi-Fi, UWB and 5G platform IP), to scalable Edge AI NPU IPs and sensor fusion solutions, we have the broadest portfolio of IP to connect, sense and infer data more reliably and efficiently. We deliver differentiated solutions that combine outstanding performance at ultra-low power within a very small silicon footprint. Our goal is simple – to deliver the silicon and software IP to enable a smarter, safer, and more interconnected world. This philosophy is in practice today, with Ceva powering more than 18 billion of the world’s most innovative smart edge products from AI-infused smartwatches, IoT devices and wearables to autonomous vehicles and 5G mobile networks.

Our headquarters are in Rockville, Maryland with a global customer base supported by operations worldwide. Our employees are among the leading experts in their areas of specialty, consistently solving the most complex design challenges, enabling our customers to bring innovative smart edge products to market.

Ceva: Powering the Smart Edge™

Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.

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Addtronics Announces Appointment of Adam Meyers to Board

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GREENWICH, Conn., Jan. 6, 2025 /PRNewswire/ — Addtronics, LLC (“Addtronics”), a consolidator of high-quality, niche automation technology and solution providers innovating for the life sciences and other industries, announced today the appointment of Adam Meyers to its Board of Directors.

Mr. Meyers brings more than three decades of experience managing and growing small and medium-sized medical technology businesses. Mr. Meyers had a twenty-six-year career at Halma, PLC (“Halma”), a FTSE 100 company and leading serial-acquirer of niche companies in the healthcare, environmental, and safety industries.

Mr. Meyers was the Sector CEO of Halma’s Medical and Environmental Divisions where he delivered consistently strong organic growth, was responsible for over 20 acquisitions, and was a member of both the Executive Board and Board of Directors. Prior to this, he held various other leadership roles at Halma and other organizations. Mr. Meyers received his MBA from Harvard and his undergraduate degree in systems engineering from the University of Pennsylvania.

On his appointment, Mr. Meyers said, “I am very attracted to Addtronics’ approach of assembling niche automation technology businesses in a decentralized and entrepreneurial operating model. I am extremely excited to join the Board and to work with Max Katzenstein, the investor group, and the executive team to help build lasting value through Addtronics’ model of acquiring, investing in and growing these businesses”.

Max Katzenstein, Executive Chairman of Addtronics, commented, “Adam is a both a highly experienced leader of niche medical technology companies as well as someone who had a front-row seat building one of the most successful serial-acquirers in history. We are extremely excited to welcome Adam to our Board of Directors and are confident he will help us achieve our mission and vision.”

Addtronics is actively searching for additional businesses to add to its family of automation solution providers. Ideal candidates will be excited about joining a mission-driven organization that values the entrepreneurial spirit of each of its operating companies and is inspired to pursue further growth and value-creation strategies.

About Addtronics: 
Addtronics is a consolidator of high-quality, niche automation technology and solution providers innovating for the life sciences and other industries. Addtronics seeks to be the acquirer of choice in this space by allowing its operating companies to retain their entrepreneurial spirit while enjoying the benefits of scale and partnership with other Addtronics companies. For more information on Addtronics, please visit www.addtronics.com.

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ZINFI Continues to Thrive as a “Leader” in G2’s Winter 2025 Grid Report for Partner Management Software

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Among the four companies earning a slot in the leader’s quadrant, ZINFI’s overall Satisfaction Score is 28 points higher than its nearest competitor

PLEASANTON, Calif., Jan. 6, 2025 /PRNewswire/ — ZINFI Technologies, Inc., a company leading the definition and creation of Unified Partner Management (UPM) solutions, today announced that G2.com, Inc., the largest software marketplace, has once again named the company as a “Leader” in its Winter 2025 G2 Grid® Report for Partner Management Software. ZINFI has held its position in G2’s leaders’ quadrant for multiple consecutive quarters dating back to 2019, and is one of only four providers to earn the leadership designation in the current report. Among the four companies currently in the leader’s quadrant, ZINFI holds the top G2 Satisfaction Score (98), 28 points ahead of its nearest competitor. ZINFI is also identified as “Best for Mid-Market” in G2’s current summary of “Best Partner Relationship Management (PRM) Software.”

G2 strives to be the world’s most trusted and influential marketplace for software buyers, sellers, and service providers. The G2 Grid represents the democratic voice of real software users, rather than the subjective opinion of one analyst. G2 rates products from the Partner Relationship Management (PRM) category algorithmically based on data sourced from product reviews shared by G2 users and data sourced from third parties. In addition to G2’s rigorous review moderation process, that trust is earned by applying a consistent set of guidelines, methodologies, and definitions to give buyers the best view of a particular B2B software market.

G2’s Satisfaction Score for Partner Management Software is derived from user-focused metrics (Ease of Use, Meets Requirements, Quality of Support), admin-focused metrics (Ease of Admin, Ease of Setup, Ease of Doing Business With) and general satisfaction scores (Likelihood to Recommend, Direction of Product). Based on 480 reviews from actual users, ZINFI earned scores of 94% or higher on each of these eight metrics, including a score of 98% on Likelihood to Recommend and scores of 97% on four additional metrics.

“ZINFI is all about empowering our customers as they look for new and better ways to connect, collaborate, communicate, co-market and co-sell with their partners,” said Sugata Sanyal, founder & CEO of ZINFI. “We have always had a long-term, customer-focused approach to doing business, and we will continue to diligently monitor and learn from user feedback as we expand and improve our software to adapt to an evolving market and a constantly changing business environment. Nearly 500 of our customers have weighed in on G2 so far, and we are thrilled to learn that they continue to express overwhelming levels of satisfaction on key metrics like our platform’s usability, our responsiveness to their product and support requirements, and the ease with which they can perform important tasks like admin and setup.” 

The complete Winter 2025 G2 Grid® Report for Partner Management Software can be downloaded here:

ZINFI offers its potential customers a 30-day free trial (no credit card required) providing access to its entire Unified Partner Marketing (UPM) automation platform. This will allow any prospective buyers to test-drive its industry-leading channel management applications before making a purchase decision.

About ZINFI Technologies

ZINFI Technologies, Inc. a company leading the definition and creation of Unified Partner Management (UPM) innovation, enables vendors and their channel partners to achieve profitable growth predictably and rapidly on a worldwide level. Headquartered in Silicon Valley, USA and founded by channel veterans with extensive global channel management experience, we at ZINFI see an immense opportunity to build high-performing sales channels by deploying an easy-to-use, comprehensive and innovative state-of-the-art SaaS Unified Partner Management automation platform that streamlines and manages the entire partner lifecycle. ZINFI provides six core SaaS solution sets: “Onboard, Enable, Market, Sell, Incentivize and Accelerate” with tools and applications that span management of partner relationships, marketing, and incentives with additional tools for affiliate management. These solutions enable channel organizations to integrate all partner ecosystem management activities. In 26 countries, these core UPM SaaS solutions are also locally supported by ZINFI’s global marketing services team members.

To access more information about ZINFI’s Unified Partner Management platform or to download a copy of ZINFI’s best practices guide on partner relationship management, please visit our website at https://www.zinfi.com/. You can also follow ZINFI Technologies on LinkedIn and the ZINFI Channel Marketing Best Practices blog.

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