Product Code: ETC067608 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vehicle-to-everything (V2X) is a concept that enables vehicles to communicate with other elements of the traffic infrastructure, such as pedestrians and cyclists. It increases safety on roads by allowing cars to detect potential hazards before they arise. V2X can also be used for applications such as autonomous driving, traffic control, and connected navigation
The Philippines V2X Market is expected to witness a significant growth during the forecast period due to increasing adoption of Internet of Things (IoT), growing urbanization, rising demand for efficient transportation systems in cities, and government initiatives towards smart city development. Additionally, increasing investments in research and development activities related to advanced driver assistance systems (ADAS) are likely to boost the market further over the next few years. Moreover, technological advancements in communication protocols like dedicated short range communications (DSRC) are anticipated to have a positive impact on the market growth.
Factors such as improving road safety through better awareness of surrounding environment by drivers using V2X technology; high need for an efficient transportation system; rapid infrastructural developments across different industries; government initiatives aiming at developing smart cities; increased adoption rate of IoT enabled devices in vehicles; continuing technological advancement & innovation in automotive industry fuel up growth opportunities within this market space globally across various regions including Philippines . Besides this introduction & implementation of new technologies along with improved features like vehicular views are some major factors which drive overall Philippine vehicle-to-everything market size significantly
High cost associated with V2X solutions may restrain its deployment among customers leading hindrance over its commercial success as well hamper revenue generation possibilities throughout its forecast timeline till 2031 especially during Covid pandemic situation where financial resources among customers become scarce due its prevailing economic downturn conditions worldwide impacting all markets alike including automotive sector too.. Furthermore lack of standardization might limit potential application areas while poor network coverage or weak signal strength shall pose certain limitation upon overall product penetration rate thereby posing probable threats concerning future viability prospects too since large scale installation require strong network connections primarily from data centers having their own challenges related with their operations particularly when it comes providing quality services at global level without any disruptions whatsoever under all circumstances
Major players operating in Philippines vehicle -to everything market include Fujitsu , Audi , Ford Motor Company , PSA Group Volkswagen AG , Tomtom International BV , BMW Group Stanly Electric Co Ltd., Continental AG , Robert Bosch
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Vehicle-to-everything (V2X) Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Vehicle-to-everything (V2X) Market - Industry Life Cycle |
3.4 Philippines Vehicle-to-everything (V2X) Market - Porter's Five Forces |
3.5 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Philippines Vehicle-to-everything (V2X) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Vehicle-to-everything (V2X) Market Trends |
6 Philippines Vehicle-to-everything (V2X) Market, By Types |
6.1 Philippines Vehicle-to-everything (V2X) Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Offering, 2018 - 2031F |
6.1.3 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Solutions, 2018 - 2031F |
6.1.4 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Services, 2018 - 2031F |
6.1.5 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Managed Services, 2018 - 2031F |
6.2 Philippines Vehicle-to-everything (V2X) Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Line & Non-line of Sight, 2018 - 2031F |
6.2.3 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Automated Driving Assistance, 2018 - 2031F |
6.2.4 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Backing, 2018 - 2031F |
6.2.5 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Emergency Vehicle Notification, 2018 - 2031F |
6.2.6 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Passenger Information System, 2018 - 2031F |
6.2.7 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Philippines Vehicle-to-everything (V2X) Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Passenger Vehicle, 2018 - 2031F |
6.3.3 Philippines Vehicle-to-everything (V2X) Market Revenues & Volume, By Commercial Vehicle, 2018 - 2031F |
7 Philippines Vehicle-to-everything (V2X) Market Import-Export Trade Statistics |
7.1 Philippines Vehicle-to-everything (V2X) Market Export to Major Countries |
7.2 Philippines Vehicle-to-everything (V2X) Market Imports from Major Countries |
8 Philippines Vehicle-to-everything (V2X) Market Key Performance Indicators |
9 Philippines Vehicle-to-everything (V2X) Market - Opportunity Assessment |
9.1 Philippines Vehicle-to-everything (V2X) Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Philippines Vehicle-to-everything (V2X) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Philippines Vehicle-to-everything (V2X) Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Philippines Vehicle-to-everything (V2X) Market - Competitive Landscape |
10.1 Philippines Vehicle-to-everything (V2X) Market Revenue Share, By Companies, 2024 |
10.2 Philippines Vehicle-to-everything (V2X) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |