Product Code: ETC067603 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vehicle-to-everything (V2X) Market in India is expected to reach a market size of US$ 128.27 million by the end of 2025, growing at a CAGR of over 25.1% during 2025-2031. V2X systems leverage wireless communication technologies such as DSRC and LTE for efficient transportation management along with providing safety benefits to its users. The increasing penetration of connected cars across the country coupled with the government initiatives for smart cities have been driving the growth of this market in India.
Government Initiatives: Increasing adoption of connected vehicles has led to various government initiatives that are promoting vehicle connectivity through subsidies or investments on infrastructure development, thus contributing significantly towards market growth. Growing Connected Car Penetration: The sales volume has increased due to technological advancements & declining prices, leading to an increase in the number of connected vehicles on roads, resulting in higher demand for V2X solutions & services across major Indian cities such as Delhi and Bengaluru. Technological Advancements: Major OEMs like Volkswagen and Toyota have adopted advanced V2X technology which offers better driver assistance system results into enhanced safety features for passengers & drivers so that they can stay updated about their surroundings while driving which makes it more popular among customers and will contribute towards future success rate.
Government Initiatives: Increasing adoption of connected vehicles has led to various government initiatives that are promoting vehicle connectivity through subsidies or investments on infrastructure development, thus contributing significantly towards market growth. Growing Connected Car Penetration: The sales volume has increased due to technological advancements & declining prices, leading to an increase in the number of connected vehicles on roads, resulting in higher demand for V2X solutions & services across major Indian cities such as Delhi and Bengaluru. Technological Advancements: Major OEMs like Volkswagen and Toyota have adopted advanced V2X technology which offers better driver assistance system results into enhanced safety features for passengers & drivers so that they can stay updated about their surroundings while driving which makes it more popular among customers and will contribute towards future success rate.
Lack Of Standardization In Technology Infrastructure: The lack of standardization creates challenges while integrating different devices from diverse vendors which may lead to inaccurate data transmission or misinterpretation between equipment used by road authorities and drivers ultimately affecting efficiency & accuracy level resulting into poor performance standards hindering overall deployment rates in this sector negatively impacting industry?s progress further hindering overall deployment rates in this sector negatively impacting industry?s progress further hampering revenue generation opportunities over short run timeframe period limits success rate herewith restricting forecasted growth trajectory margins during upcoming years ahead respectively.
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 India Vehicle-to-everything (V2X) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vehicle-to-everything (V2X) Market Revenues & Volume, 2021 & 2031F |
3.3 India Vehicle-to-everything (V2X) Market - Industry Life Cycle |
3.4 India Vehicle-to-everything (V2X) Market - Porter's Five Forces |
3.5 India Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 India Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 India Vehicle-to-everything (V2X) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Vehicle-to-everything (V2X) Market Trends |
6 India Vehicle-to-everything (V2X) Market, By Types |
6.1 India Vehicle-to-everything (V2X) Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Offering, 2018 - 2031F |
6.1.3 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Solutions, 2018 - 2031F |
6.1.4 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Services, 2018 - 2031F |
6.1.5 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Managed Services, 2018 - 2031F |
6.2 India Vehicle-to-everything (V2X) Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Line & Non-line of Sight, 2018 - 2031F |
6.2.3 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Automated Driving Assistance, 2018 - 2031F |
6.2.4 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Backing, 2018 - 2031F |
6.2.5 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Emergency Vehicle Notification, 2018 - 2031F |
6.2.6 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Passenger Information System, 2018 - 2031F |
6.2.7 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 India Vehicle-to-everything (V2X) Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Passenger Vehicle, 2018 - 2031F |
6.3.3 India Vehicle-to-everything (V2X) Market Revenues & Volume, By Commercial Vehicle, 2018 - 2031F |
7 India Vehicle-to-everything (V2X) Market Import-Export Trade Statistics |
7.1 India Vehicle-to-everything (V2X) Market Export to Major Countries |
7.2 India Vehicle-to-everything (V2X) Market Imports from Major Countries |
8 India Vehicle-to-everything (V2X) Market Key Performance Indicators |
9 India Vehicle-to-everything (V2X) Market - Opportunity Assessment |
9.1 India Vehicle-to-everything (V2X) Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 India Vehicle-to-everything (V2X) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Vehicle-to-everything (V2X) Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 India Vehicle-to-everything (V2X) Market - Competitive Landscape |
10.1 India Vehicle-to-everything (V2X) Market Revenue Share, By Companies, 2024 |
10.2 India Vehicle-to-everything (V2X) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |