Learning Outcomes
Vehicle to Everything (V2X) is one of the most important branches of IoT application, which include vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrians (V2P) and vehicle-to-network (V2N).
V2X is the base to achieve autonomous driving and intelligent transportation. The driving factors of the intelligent connected vehicles’ development refer to increasing demand for convenient features and more availability of connectivity options. Besides that, the advanced vehicle connectivity technologies (5G, AI, HMI) and hardware also have accelerated the development of V2X.
According to Research and Markets, V2X market is valued at USD 22.60 Billion in 2016 and is projected to grow at a CAGR of 17.61% during the forecast period, to reach USD 99.55 Billion by 2025. Under this background, the automotive industry stakeholders have realized the importance of V2X.