In-Depth Exploration of the Automotive V2X Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2031.
Report Ocean has recently released a comprehensive research report on the global Automotive V2X Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
What is the value of the Global Automotive V2X Market?
Global Automotive V2X Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2028.
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What are Automotive V2X and their primary function?
The Vehicle to Everything (V2X) refers to a vehicular communication system that supports the transfer of information from a vehicle to moving parts of the traffic system that may affect the vehicle. The main purpose of V2X technology is to improve road safety, energy savings, and traffic efficiency on the roads. In V2X system information travels from the vehicle sensors and other sources through high-bandwidth, high-reliability links, allowing it to communicate with other cars, infrastructure including other vehicles, parking spaces, traffic signals, and pedestrians among others. The rising adoption of connected cars worldwide and increasing number of technological advancements in automobile sector as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2020, the global connected car market was valued at USD 65 billion. This market is projected to grow to USD 121 billion by 2025. Furthermore, Strategic initiatives from government authorities would influence the growth of Global Automotive V2X Market. For instance, in April 2022, The US Department of Energy (DOE) and partners announced the Vehicle to Everything (V2X) Memorandum of Understanding (MOU). This MOU would bring together DOE, DOE national labs, state and local governments, utilities, and private entities to evaluate technical and economic feasibility for integration of bidirectional charging into energy infrastructure. Also, growing emergence of 5G & AI technologies and increasing ownership of personal vehicles in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high deployment & maintenance cost associated with V2X technology and rising concern over cyber security impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Automotive V2X Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of technological advancements in automotive sector and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of automotive sector and increasing penetration of advanced technologies such as 5G & AI, would create lucrative growth prospects for the global Automotive V2X Market across the Asia Pacific region.
Major market players included in this report are:
- Altran
- Autotalks Ltd.
- Continental AG
- HARMAN International
- Infineon Technologies AG
- NXP Semiconductors
- Qualcomm Technologies, Inc.
- Robert Bosch GmbH
- Savari, Inc.
- STMicroelectronics
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Communication
Vehicle-to-vehicle (V2V)
Vehicle-to-infrastructure (V2I)
Vehicle-to-pedestrian (V2P
Vehicle-to-grid (V2G)
Vehicle-to-cloud (V2C)
Vehicle-to-device (V2D)
By Connectivity
Dedicated Short-range Communication (DSRC)
Cellular-V2X (C-V2X) Communication)
By Vehicle Type
Passenger Cars
Commercial Vehicles
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Automotive V2X market, including:
- What can be expected for the Automotive V2X market in the next decade?
- What are the primary drivers of growth in the global Automotive V2X market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Automotive V2X market vary based on the size of the end market?
- What is the breakdown of Automotive V2X by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Automotive V2X market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Automotive V2X Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Automotive V2X Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Automotive V2X Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Automotive V2X Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Automotive V2X Market.
Our Automotive V2X Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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