Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Research Reports > Automotive V2X Market: Governments, Auto Makers, and Tech Firms Collaborate To Test Automotive V2X For Safer Future
    Research Reports

    Automotive V2X Market: Governments, Auto Makers, and Tech Firms Collaborate To Test Automotive V2X For Safer Future

    Automotive V2X Market: Governments, Auto Makers, and Tech Firms Collaborate To Test Automotive V2X For Safer Future

    Published by Wanda Rich

    Posted on September 27, 2021

    Featured image for article about Research Reports

    The next big thing in the automotive industry has arrived, and it is known as V2X. The vehicle-to-everything (V2X) technology will not only help in achieving the goal of autonomous driving but also streamline the traffic and reduce the number of accidents on roads. By communicating with other vehicles and pedestrians and then implementing the appropriate functions in vehicles such as signaling, automatic breaking, and others, this technology is valuable in improving safety. The benefits of V2X technology are innumerable. When it comes to addressing environmental issues, the implementation of this technology proves to be a remarkable step. When this technology will be integrated with 5G technology, the integrations would help in reducing greenhouse emissions by nearly 5–20%, according to the 5G Automotive Association.     

    Get Sample Report with Industry Insights @

    https://www.alliedmarketresearch.com/request-sample/7485

    Automotive players, government agencies, and tech firm have been collaborating to conduct testing for V2X technology. Many testing activities have been conducted in real time and governments have been making the necessary testing environment available. If the testing activities carry on with the pace at which they are being conducted currently, this technology will be rolled out in the next three to five years. As the world moves toward building greener and more sustainable transport systems, the implementation of V2X technology is expected to increase in the coming years. According to the report published by Allied Market Research, the global automotive V2X market is expected to generate $11.71 billion by 2027. Following are some of the activities taking place across the world.

    Automotive technology developers, labs, and organizations have been joining hands for testing and development of advanced V2X technology. The Curiosity Lab partnered with Jacobs and Qualcomm Technologies for testing and implementation of Cellular-V2X (C-V2X) technology in the real-world scenario. The testing of the C-V2X technology will be conducted in Peachtree Corners, the most populous city in the Gwinnett County. This city is known as an innovation hub, and will conduct tests for C-V2X on public streets. Two 2020 Ford Edge vehicles will be utilized for testing with drivers taking the wheel during the trials.  

    Qualcomm, a wireless tech firm, will offer its technology and Peachtree Corners will provide the testing environment. In addition, Jacobs, a tech firm would collaboration with these organizations and government agencies for implementation of technology and provide necessary expertise to carry out successful testing. Brandon Branham, the Assistant City Manager and Chief Technology Officer of Peachtree Corners, opined that the C-V2X technology will feature in car models by 2023. This technology is expected to be installed in the U.S. in the next five years. It will be utilized by government organizations and companies before an average consumer gets a hold.

    To Get Discount, Make Purchase Inquiry @

    https://www.alliedmarketresearch.com/purchase-enquiry/7485

    Government authorities have been taking initiatives in testing V2X technology in real time by partnering with technology firm. A cloud platform has been developed for testing this technology on open roads in the U.K. With the backing from the U.K. Government Centre for Connected and Automated Vehicles (CCAV) and the Midlands Future Mobility (MFM) consortium, Nokia, Vodafone, and Chordant developed a platform that exchanges mobility data with road operators and traffic systems. Then the drivers with smartphones can gain insights as well.

    Through an in-built multi-access edge computing (MEC) technology and 4G and 5G network of Vodaphone, the platform displays real-time information regarding roads and traffic on smartphones of users. Moreover, this information can be provided to in-car infotainment systems. The platform contain Convex, a dynamic data exchange facility developed by Chordant. This is the first real-time implementation of C-V2X technology in the U.K. Luke Ibbetson, the Head of Group R&D at Vodafone, highlighted that the company has been working with road operators and automotive players to integrate the technology in vehicles and build safe transport infrastructure in the future.

    Though the implementation of V2X seems inevitable in near future, there is a cellular technology without which the effectiveness of V2X would lower down. The technology is 5G. With higher frequency range and 100 times better speed than 4G, the 5G technology will offer advanced functionality for successful implementation of V2X. The worldwide adoption of 5G would lead to integration with V2X. Automotive players have realized the potential of 5G technology for connected and automotive vehicles and took necessary steps by collaborating with tech firms.

    Mercedes Benz joined hands with Ericsson and Telefónica Germany for implementation of 5G automated connected vehicles. BMW joined forces with Samsung and HARMAN and launched the BMW iNEXT. This is a Telematics Control Unit (TCU) based on 5G technology. Other automotive giants such as Audi, Tesla, and Ford also took steps toward utilizing 5G for their autonomous vehicles. Many auto makers already installed C-V2X technology in their vehicles. Its integration with 5G would enable ease in connectivity and fast data collection and transfer. This, in turn, would improve road safety and regulate the traffic flow. In addition, it would lower down greenhouse emissions.

    The next big thing in the automotive industry has arrived, and it is known as V2X. The vehicle-to-everything (V2X) technology will not only help in achieving the goal of autonomous driving but also streamline the traffic and reduce the number of accidents on roads. By communicating with other vehicles and pedestrians and then implementing the appropriate functions in vehicles such as signaling, automatic breaking, and others, this technology is valuable in improving safety. The benefits of V2X technology are innumerable. When it comes to addressing environmental issues, the implementation of this technology proves to be a remarkable step. When this technology will be integrated with 5G technology, the integrations would help in reducing greenhouse emissions by nearly 5–20%, according to the 5G Automotive Association.     

    Get Sample Report with Industry Insights @

    https://www.alliedmarketresearch.com/request-sample/7485

    Automotive players, government agencies, and tech firm have been collaborating to conduct testing for V2X technology. Many testing activities have been conducted in real time and governments have been making the necessary testing environment available. If the testing activities carry on with the pace at which they are being conducted currently, this technology will be rolled out in the next three to five years. As the world moves toward building greener and more sustainable transport systems, the implementation of V2X technology is expected to increase in the coming years. According to the report published by Allied Market Research, the global automotive V2X market is expected to generate $11.71 billion by 2027. Following are some of the activities taking place across the world.

    Automotive technology developers, labs, and organizations have been joining hands for testing and development of advanced V2X technology. The Curiosity Lab partnered with Jacobs and Qualcomm Technologies for testing and implementation of Cellular-V2X (C-V2X) technology in the real-world scenario. The testing of the C-V2X technology will be conducted in Peachtree Corners, the most populous city in the Gwinnett County. This city is known as an innovation hub, and will conduct tests for C-V2X on public streets. Two 2020 Ford Edge vehicles will be utilized for testing with drivers taking the wheel during the trials.  

    Qualcomm, a wireless tech firm, will offer its technology and Peachtree Corners will provide the testing environment. In addition, Jacobs, a tech firm would collaboration with these organizations and government agencies for implementation of technology and provide necessary expertise to carry out successful testing. Brandon Branham, the Assistant City Manager and Chief Technology Officer of Peachtree Corners, opined that the C-V2X technology will feature in car models by 2023. This technology is expected to be installed in the U.S. in the next five years. It will be utilized by government organizations and companies before an average consumer gets a hold.

    To Get Discount, Make Purchase Inquiry @

    https://www.alliedmarketresearch.com/purchase-enquiry/7485

    Government authorities have been taking initiatives in testing V2X technology in real time by partnering with technology firm. A cloud platform has been developed for testing this technology on open roads in the U.K. With the backing from the U.K. Government Centre for Connected and Automated Vehicles (CCAV) and the Midlands Future Mobility (MFM) consortium, Nokia, Vodafone, and Chordant developed a platform that exchanges mobility data with road operators and traffic systems. Then the drivers with smartphones can gain insights as well.

    Through an in-built multi-access edge computing (MEC) technology and 4G and 5G network of Vodaphone, the platform displays real-time information regarding roads and traffic on smartphones of users. Moreover, this information can be provided to in-car infotainment systems. The platform contain Convex, a dynamic data exchange facility developed by Chordant. This is the first real-time implementation of C-V2X technology in the U.K. Luke Ibbetson, the Head of Group R&D at Vodafone, highlighted that the company has been working with road operators and automotive players to integrate the technology in vehicles and build safe transport infrastructure in the future.

    Though the implementation of V2X seems inevitable in near future, there is a cellular technology without which the effectiveness of V2X would lower down. The technology is 5G. With higher frequency range and 100 times better speed than 4G, the 5G technology will offer advanced functionality for successful implementation of V2X. The worldwide adoption of 5G would lead to integration with V2X. Automotive players have realized the potential of 5G technology for connected and automotive vehicles and took necessary steps by collaborating with tech firms.

    Mercedes Benz joined hands with Ericsson and Telefónica Germany for implementation of 5G automated connected vehicles. BMW joined forces with Samsung and HARMAN and launched the BMW iNEXT. This is a Telematics Control Unit (TCU) based on 5G technology. Other automotive giants such as Audi, Tesla, and Ford also took steps toward utilizing 5G for their autonomous vehicles. Many auto makers already installed C-V2X technology in their vehicles. Its integration with 5G would enable ease in connectivity and fast data collection and transfer. This, in turn, would improve road safety and regulate the traffic flow. In addition, it would lower down greenhouse emissions.

    Related Posts
    Workflow Automation Market Outlook 2025: Business Expansion, Market Trends, and Future Predictions
    Workflow Automation Market Outlook 2025: Business Expansion, Market Trends, and Future Predictions
    Smart Contracts Market 2032 Industry Overview, Evolution Growth Rate and Future Forecasts 2025-2032
    Smart Contracts Market 2032 Industry Overview, Evolution Growth Rate and Future Forecasts 2025-2032
    Predictive Maintenance Market 2025-2032: Industry Outlook, Trends Analysis, New Opportunities, and Prospects
    Predictive Maintenance Market 2025-2032: Industry Outlook, Trends Analysis, New Opportunities, and Prospects
    Oilseed Market to Expand at a CAGR of 5.3% by 2032 – Growth Drivers & Forecast Analysis
    Oilseed Market to Expand at a CAGR of 5.3% by 2032 – Growth Drivers & Forecast Analysis
    Offshore Decommissioning Market Predicted to Reach USD 12.27 Billion by 2032, Growing at a CAGR of 6.3% | Coherent Market Insights
    Offshore Decommissioning Market Predicted to Reach USD 12.27 Billion by 2032, Growing at a CAGR of 6.3% | Coherent Market Insights
    Flea And Tick Products Market Anticipated to flourish at a CAGR of 9.32% from 2025 to 2032
    Flea And Tick Products Market Anticipated to flourish at a CAGR of 9.32% from 2025 to 2032
    Customer Data Platform Market Growth Probability, Key Vendors and Future Scenario Up To 2032
    Customer Data Platform Market Growth Probability, Key Vendors and Future Scenario Up To 2032
    Carbon Dioxide Utilization Market to Hit $14.38 Bn by 2032 with a CAGR of 13.6% According to Coherent Market Insights
    Carbon Dioxide Utilization Market to Hit $14.38 Bn by 2032 with a CAGR of 13.6% According to Coherent Market Insights
    Beauty Supplements Market Anticipated to flourish at a CAGR of 5.55% from 2025 to 2032, reaching USD 4,591 Million by 2032
    Beauty Supplements Market Anticipated to flourish at a CAGR of 5.55% from 2025 to 2032, reaching USD 4,591 Million by 2032
    AI Governance Market Size & Forecast 2025-2032 : Emerging Business Opportunities and Growth Prospects
    AI Governance Market Size & Forecast 2025-2032 : Emerging Business Opportunities and Growth Prospects
    Wireline Services Market to Reach USD 47.13 Billion by 2032 with a 7.0% CAGR According to Coherent Market Insights
    Wireline Services Market to Reach USD 47.13 Billion by 2032 with a 7.0% CAGR According to Coherent Market Insights
    U.S. Hospitality Staffing Market to be Worth USD 258.72 Billion by 2032: Coherent Market Insights
    U.S. Hospitality Staffing Market to be Worth USD 258.72 Billion by 2032: Coherent Market Insights

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Research Reports

    Explore more articles in the Research Reports category

    Transcutaneous Electrical Nerve Stimulation Market to Reach USD 5.52 Billion by 2032, Growing at 4.4% CAGR from USD 4.08 Billion in 2025

    Transcutaneous Electrical Nerve Stimulation Market to Reach USD 5.52 Billion by 2032, Growing at 4.4% CAGR from USD 4.08 Billion in 2025

    Network Detection and Response (NDR) Market 2025 Is Booming Worldwide by 2032

    Network Detection and Response (NDR) Market 2025 Is Booming Worldwide by 2032

    Rhinoplasty Implants Market Forecast to Surge to USD 3.24 Billion by 2032, Registering Robust 17% CAGR from USD 1.07 Billion in 2025

    Rhinoplasty Implants Market Forecast to Surge to USD 3.24 Billion by 2032, Registering Robust 17% CAGR from USD 1.07 Billion in 2025

    Polyamide 12 Market Is Booming So Rapidly with CAGR of 5.9% According to Coherent Market Insights

    Polyamide 12 Market Is Booming So Rapidly with CAGR of 5.9% According to Coherent Market Insights

    Olive Oil Market to Hit $35.10 Bn by 2032 with a CAGR of 5.7% According to Coherent Market Insights

    Olive Oil Market to Hit $35.10 Bn by 2032 with a CAGR of 5.7% According to Coherent Market Insights

    Nail Polish Market Is Booming So Rapidly with CAGR of 6.9% Size and YoY Growth Rate, 2025-2032

    Nail Polish Market Is Booming So Rapidly with CAGR of 6.9% Size and YoY Growth Rate, 2025-2032

    Modular Storage System  Market Size, Share 2025 Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2032

    Modular Storage System Market Size, Share 2025 Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2032

    Healthcare Data Monetization Market to Reach USD 3,061.6 Million, Globally by 2032 at 16.2% CAGR: Coherent Market Insights

    Healthcare Data Monetization Market to Reach USD 3,061.6 Million, Globally by 2032 at 16.2% CAGR: Coherent Market Insights

    Health Insurance Market Set to Double by 2032, Growing from USD 3.13 Billion in 2025 to USD 5.99 Billion at 9.7% CAGR

    Health Insurance Market Set to Double by 2032, Growing from USD 3.13 Billion in 2025 to USD 5.99 Billion at 9.7% CAGR

    Health Caregiving Market to Exceed USD 521.61 Billion by 2032, Expanding at 12.2% CAGR from USD 233.02 Billion in 2025

    Health Caregiving Market to Exceed USD 521.61 Billion by 2032, Expanding at 12.2% CAGR from USD 233.02 Billion in 2025

    Forensic Swab Market Expected to Hit USD 7.40 Billion by 2032, Rising at 5.8% CAGR from USD 4.98 Billion in 2025

    Forensic Swab Market Expected to Hit USD 7.40 Billion by 2032, Rising at 5.8% CAGR from USD 4.98 Billion in 2025

    Embedded Systems Market To Witness Substantial Growth, 2025-2032

    Embedded Systems Market To Witness Substantial Growth, 2025-2032

    View All Research Reports Posts
    Previous Research Reports PostVegan Food Market projected to grow at a CAGR of 10.5% by 2026
    Next Research Reports PostBaby Monitor Market is Expected to Grow at a CAGR of 5.4% by 2027 – Allied Market Research