Vehicle-to-everything (V2X) Test Equipment Market continues to expand with growing demand for autonomous vehicles and connected cars worldwide

 

Vehicle-to-everything (V2X) Test Equipment Market

Vehicle-to-everything (V2X) is direct communication between a vehicle and any other entity which could affect, or could be directly affected by, that vehicle. It's a communication system that incorporates many more specific kinds of communication such as VDI (Vehicles Display Information), VDI II (Vehicles Diagnostic Information), Vehicle Tracking Information, Vehicle Information Management Systems, and Vehicle Command Signals. As far as regional impact is concerned, North America seems to be gaining significant traction in the vehicle-to-everything (V2X) test equipment market. This is due to the presence of autonomous cars manufacturers such as Ford, Google, Apple, Tesla, and more. On the contrary, Europe is exhibiting a positive outlook, which can be attributed to rising demand for connected vehicles across the region.

The demand for fully autonomous vehicles has surged significantly in the recent past. Autonomous vehicles or self-driving cars have gained significant popularity where the vehicle is capable of sensing its environment and moving safely with little to no human input. A fully autonomous vehicle will minimize driver distraction, which causes the majority of highway deaths. Recently, in July 2021, Ford Motor Co. and Argo AI collaborated with Lyft to launch a self-driving robotaxi service in Miami, FL, and Austin, TX. Hence, such factors can augment growth of the vehicle-to-everything (V2X) test equipment market.

A standard automotive vehicle-to-everything system is composed of a gateway device, which receives instructions from the test equipment to the various control panels. The gateway device normally operates with a computer and provides physical memory and processing power. The test equipment, which may be an automotive diagnostic scanner or a vehicle computer, reads the instructions from the gateway device and transmits them to the control panels, which are then read and interpreted by the software. Regardless of these beneficial factors, there are certain elements in the market that could limit the potential growth. For instance, there are still some challenges associated with latency and reliability, which could hamper growth of the vehicle-to-everything (V2X) market. Besides, vulnerability to cyber-attacks could limit market growth.

Another key factor governing the development of the market is growing concerns over environmental pollution caused by vehicles. V2X technology is designed to connect vehicles with everything, which will create a more comfortable and safer transportation environment. It also has the potential of improving traffic safety, thereby reducing accident rates and environmental pollution. These advantageous factors are bolstering the demand for V2X test equipment. Thus, these factors can stimulate growth of the vehicle-to-everything (V2X) test equipment market.  Recently, in May 2021, Keysight Technologies Inc. collaborated with DEKRA to gain OmniAir Recognition Authorized Test Laboratory and Test Provider for C-V2X device certification.


Location: India

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