The vehicle-to-everything (V2X) communications market is gaining momentum across the globe among automakers and regulators as they strive to keep up with evolving technologies within the connected vehicle sphere.
According to ReportsnReports, V2X technology “allows vehicles to directly communicate with each other, roadside infrastructure, and other road users to deliver an array of benefits in the form of road safety, traffic efficiency, smart mobility, environmental sustainability, and driver convenience.”
V2X is also helping to pave the way for fully autonomous driving tech that allows vehicles to detect potential hazards, traffic, and road conditions from longer distances — and more quickly than certain technologies and in-vehicle sensors, such as cameras, radar, and LiDAR (Light Detection and Ranging).
Automakers and regulators are particularly interesting in two competing technologies in the V2X department: Dedicated Short Range Communications (known as IEEE 802.11p/DSRC), and 3GPP-defined Cellular V2X technology (3GPP-defined C-V2X), said ReportsnReports.
Toyota and General Motors, for example, have already equipped some of their vehicle models with the former V2X option in North America and Japan. Volkswagen will begin to do so on European models starting this year, and China’s Geely and U.S. automaker Ford plan to integrate the Cellular V2X technology option (which may evolve to 5G) in new vehicles by 2021 and 2022, respectively.
“It is also worth noting that a number of luxury automakers — including BMW, Daimler, Volkswagen’s subsidiary Audi, and Volvo Cars — already deliver certain V2X-type applications through wide-area cellular connectivity and supporting infrastructure such as appropriately equipped road work trailers,” said ReportsnReports.
The V2X market, which forms part of the vehicle connectivity sphere, is expected to be worth $1.2 billion by the end of 2022. The number of vehicles worldwide anticipated to include V2X communications technology by that time is nearly six million.
