Market World Automotive Vehicle-to-Everything Market | Page 2

Rise in disposable income of people of various economies can be one driver for growth of automotive industry.
India and china has seen a significant increase in sale of automobile in recent years. Traffic congestion have arise
due to increase in n umber of passenger vehicle that also have lead to issues such as fuel consumption, emission
and air pollution. These restraints for diesel engine can act as drivers for automotive V2X market.
Communication Type Insights
Safety features like Adaptive cruise control, lane change assist and blind spot are covered in automotive V2X
communication. Real time traffic and incident alert are other parameters for increasing public safety.
This feature will become mandatory in future looking at strictness in safety regulations. V2X is expected to
dominate market in upcoming period. By combining V2I and V2N communication we can solve traffic problem
and emission issues. Facilities such as e-parking and automated toll payment will also observe a convincing
growth.
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Connectivity Type Insights
At present Dedicated short range connectivity (DSRC) is used in cars. The cost benefit of DSRC over cellular
connectivity will drive this market. Ease of implementation on other hand will create opportunities for
automotive market. Benefits can be decrease in number of accidents by providing real-time information to
drivers with the help of sensor and connectivity.
Cellular connectivity can be used for covering large area but it has some limitations. It will require more time
for deployment for covering considerable range. The hardware required in V2X technology is expensive. The
V2X technology considering above points still have strong growth potential in near future. Synchronized real
time data will be important factor of this segment.
Vehicle Type Insights
Passenger car in this segment is predicted to dominate market as it did in 2015. Despite this the demand for
commercial vehicle is high than passenger car. Boom in construction sector have increased commercial vehicle
sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for automotive production.