Vehicle-to-everything (V2X) Test Equipment Market to Surpass US$ 4,639.4 Million by 2027 - Coherent Market Insights

The global vehicle-to-everything (V2X) test equipment market was valued at US$ 442.8 million in 2018, and is expected to increase to reach US$ 4,639.4 million by 2027, exhibiting a CAGR of 20.8 % over the forecast period (2019-2027). According to Global Vehicle-to-everything (V2X) Test Equipment Market Report, by Device Type (Signal & Spectrum Analyzer, Simulator & Emulator, HIL Test System, and RF Conformance & Communication Test Equipment), by Service Type (System Integration, Support & Maintenance, and Consulting), by Connectivity Type (DSRC Connectivity and Cellular Connectivity), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), published by .

In the recent past government of various countries and automobile manufacturers are focusing on developing V2X technology to improve the safety on road and manage the traffic flow. V2X testing plays an important role in commercializing V2X technology as this technology requires a stable wireless network, which helps to maximize the throughput of information, and increases driver safety. Furthermore, to develop a stable wireless link, the receiver should be able to detect the signal in the worst climate condition. To check these signals high-performance test equipment are required to analyze theV2X signals for accurate positioning. These factors are expected to drive demand for V2X test equipment during the forecasted period. Moreover automotive manufacturers and testing system developers are collaborating to commercialize the V2X technology, which is expected to fuel the market growth over the forecast period. For instance, In November 2019 Keysight Technologies Inc, a U.S.-based electronics test and measurement equipment manufacturer achieved 3rd Generation Partnership Project (3GPP) validation of the industry’s first C-V2X communications radio frequency (RF) conformance test.

Moreover, growing demand for intelligent transportation system to reduce the environmental damage and increase vehicle safety is expected to boost the Vehicle-to-everything (V2X) test equipment market growth during the forecast period, as development and evaluation of intelligent transportation system requires laboratory test to discover and solve issues related to signals, improving the efficiency of post-production field evaluations and helps in saving time and money, which would help the market to grow.

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Browse 150 market data tables* and 90 figures* on “Vehicle-to-everything (V2X) Test Equipment” - Global forecast to 2027.

 

Key Trends and Analysis of the Global Vehicle-to-everything (V2X) Test Equipment Market:

• Asia Pacific held dominant position in the global Vehicle-to-everything (V2X) test equipment market in 2018, and is expected to retain its dominance over the forecast period. This is attributed to increasing demand for automotive vehicles in the region, For instance, according to the Ministry of Industry and Information Technology (MIIT), China, in 2016, the country’s automotive sales accounted for 28 million units, and ranked first in automotive sales for eight consecutive years across the globe.
• Moreover, North America is also expected to witness a significant growth over the forecast period, owing to growing demand for safe and efficient driving options, favorable government policies, and regulations for V2X enabled vehicles in North America, For Instance, in May 2019 The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) and Federal Motor Carrier Safety Administration (FMCSA) issued a notice to remove unnecessary regulatory barriers to the safe introduction of automated driving systems (ADS) vehicles in the United States which is expected to drive growth of the market in this region.
• Furthermore, Europe, Middle East, and Africa are expected to witness significant growth during the forecast period, owing to increasing demand for connected vehicles in these regions.
• Among connectivity type, cellular connectivity segment is expected to dominate the Vehicle-to-everything test equipment market in 2027. This is attributed to development of 5G technology across the globe.
• Major players operating in the global Vehicle-to-everything (V2X) test equipment market include Danlaw Inc, ROHDE & SCHWARZ, Spirent Communications, TATA ELXI, Autotalks Ltd., Science & Engineering Applications Datentechnik GmbH, OnBoard Security, Inc, ADAS iiT, 7layers GmbH, Anritsu, Intertek Group plc, DEKRA CERTIFICATION B.V., Sanjole, Inc, and Others.