Report Ocean offers a thorough analysis of the Automotive V2X Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. This market research study on Automotive V2X Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.
Global Automotive V2X Market is valued at 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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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
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
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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