Automotive V2X Market accounted for USD 2.59 billion in 2022 and is expected to reach USD 25.01 billion by 2029 at a CAGR of 38.2 % during the forecast period.
Automotive V2X Market Overview:
The primary goal of this research is to assist the user in understanding the Automotive V2X market in terms of definition, segmentation, market potential, significant trends, and the problems that the Automotive V2X industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Market Dynamic:
The automotive industry is undergoing a massive shift, with OEMs increasingly focusing on advanced mobility technologies such as connected and driverless vehicles. To stay competitive, global automakers including as Ford (US), GM (US), Mercedes-Benz (Germany), and Volkswagen (Germany) are increasing their R&D spending in hardware, software, and related services for vehicle connection and autonomous driving.
Segmentation:
The software segment is likely to increase at the fastest rate over the forecast period. Because of the arrival of 5G technology and the increase of features in vehicle V2X, the software category is also predicted to be the largest market. The need for V2X software is predicted to rise substantially as V2X adoption grows throughout the forecast period. The upcoming V2X software technologies should be able to communicate with DSRC and C-V2X. Some of the leading manufacturers in the Automotive V2X Market offer software solutions that are DSRC and C-V2X compliant. Commsignia, for example, offers hardware and software components that can handle both DSRC and C-V2X.
Global Automotive V2X Market, by vehicle type (2022-2029)
• Commercial
• Passenger
Global Automotive V2X Market, by Application (2022-2029)
• Predictive Maintenance
• Remote Monitoring and Diagnostics
• Parking Management System
• Fleet and Asset Management
• Passenger Information System
• Emergency Vehicle Notification
• Intelligent Traffic System
• Automated Driver Assistance
Global Automotive V2X Market, by communication type (2022-2029)
• Vehicle-to-Vehicle
• Vehicle-to-Network
• Vehicle-to-Home
• Vehicle-to-Grid
• Vehicle-to-Pedestrian
• Vehicle-to-Infrastructure
Global Automotive V2X Market, by offering (2022-2029)
• Hardware
• Software
Global Automotive V2X Market, by connectivity type (2022-2029)
• Cellular
• DSRC
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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Automotive V2X market are
1. Intel Corporation (US)
2. Qualcomm Technologies Inc.(US)
3. Harman International Industries, Inc.(US)
4. Nvidia Corporation(US)
5. NXP Semiconductors N.V.(Netherland)
6. TomTom International BV.(Netherland)
7. Autotalks ltd. (Israel)
8. Cohda Wireless (Australia)
9. Continental AG(Germany)
10.Daimler AG(Germany)
11.Audi AG(Germany)
12.Infineon Technologies AG (Germany)
13.Robert Bosch GmBH (Germany)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Automotive V2X , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Automotive V2X Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Automotive V2X industry in 2021.
See also Immunocytokines Market: Revolutionizing Industries with Disruptive Growth Strategies
Key Questions answered in the Automotive V2X Market Report are:
- What is the function of Automotive V2X ?
- What is the predicted revenue generation of the Automotive V2X market?
- At what growth rate is the Automotive V2X market evolving?
- Who are the major market giants operating in the Automotive V2X market?
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