AutoTalks and Qualcomm lead the V2V Market
6 February, 2018
Autotalks from Natania, Israel, was founded in 2008 to develop V2X (Vehicle-to-Everything) chipsets for a secure and reliable V2X communication solution architected for autonomous vehicles
A new research by Market Research Future forecast that the Global Vehicle To Vehicle Communication Market is expected to grow at approximately 6% of CAGR between 2017 and 2023 and to reach USD 24 Billion by 2023. Vehicle to vehicle (V2V) communication allows data transmission between two vehicles through a wireless medium in order to ensure traffic control and safety of the riders.
Vehicle to vehicle communication is a framework which creates an ad hoc network which reduces dependency on any other technology. Although V2V is still a new brainchild, it is expected to hit the roads sooner. The technology segment is further bifurcated into big data analytics, smart sensors, cloud computing and others. Sensors allow the driver and the passengers to sense the traffic congestion and enhance safety.
According to the research, The prominent players in vehicle to vehicle communication market are BMW (Germany), Audi (Germany), Daimler AG (Germany), General Motors (U.S.), Volvo Cars (Sweden), Toyota Motor Corporation (Japan), Volkswagen (Germany), Qualcomm Technologies (US), AutoTalks (Israel) and Delphi Automotive (UK). It means that only 2 chipmakers are among the leaders: Qualcomm and AutoTalks.
$40 Million Investment
Autotalks from Netania, Israel, was founded in 2008 to develop V2X (Vehicle-to-Everything) chipsets for a secure and reliable V2X communication solution architected for autonomous vehicles. Autotalks’ technology is planned to be mass-deployed by 2019. The chipsets exceed all requirements mandated by the USDOT’s V2V notice of proposed rulemaking (NPRM).
During June 2017, Autotalks completed its Series D round with about $40 million in investments, an oversubscription of $10 million. The increased investment amount is a result of new investments from investors such as Mirai Creation Investment Fund, of which the principal investors are Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation, and is managed by SPARX Group.
Earlier this year (2018), Autotalks and STMicroelectronics said they are working together to use DSRC (Dedicated Short Range Communication) based V2X communications technology: It includes both Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) use cases. This will be the world’s first mass-market-ready 2nd-generation DSRC-based V2X solution, based on ST’s Telemaco3 telematics platform and Autotalks’ CRATON2 chipset.
Fabio Marchió, General Manager of Automotive and Discrete Group in STMicroelectronics, said that ST’s efforts have contributed to assuring the seamless integration of the CRATON2-based V2X module with ST’s advanced technologies for connected cars, “including automotive secure processors, GNSS receivers, and sensors.“
300 meters Alerts
Meanwhile, the market begins to take shape: Cadillac, a division of U.S. based General Motors, is launching its vehicle to vehicle communication with three alerts from the vehicles up to 300 meters down the lane whereas Volvo is set debut its vehicle to vehicle communication this year with all its vehicles in the 90 series which will be equipped with vehicle to vehicle communication technology. Its technology is co-developed with the Swedish telecom company Ericsson.
North America region holds the largest market share of the global market of V2V communication. U.S. is majorly dominating the share owing to the presence of key players like General Motors in the region. Presence of advanced infrastructure is another major factor driving the growth of vehicle to vehicle communication market in the region.
More information: AutoTalks, V2V Market Research
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