Global V2X for Automotive Market, By Connectivity (Cellular Connectivity and DSRC), Offering (Hardware, Software), Communication (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), Vehicle-To-Pedestrian (V2P), Vehicle-To-Cloud (V2C), Vehicle-To-Device (V2D)), Propulsion Type (Electric Vehicle, Internal Combustion Engine (ICE) Vehicle), Technology (Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet And Asset Management, Parking Management System, Line Of Sight, Non-Line Of Sight, Backing, Others), Unit (On-Board Unit (OBU), Roadside Unit (RSU)), Vehicle Type (Passenger Car, Commercial Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global V2X for Automotive Market
Data Bridge Market Research analyses that the V2X for automotive market would exhibit a CAGR of 45.9% for the forecast period. Rising demand for efficient safety norms in automobiles and autonomous passenger vehicles on the roads are the two major factors attributable to the growth of V2X for automotive market. In terms of market value, it will stand tall by USD 12,859 million by the year 2028.
V2X for automotive or vehicle to everything is a technology that incorporates advanced technologies in the automobiles to enhance the road safety mechanisms. V2X for automotive is a technology based on intelligent transport system (ITS) which uses short-range wireless signals to scan the environment for any potentials risks.
Rising prevalence of accidents especially during night and low vision hours globally has resulted in growth in the demand for V2X for automotive technology. Due to these ever rising accidents, the increasing demand for effective safety mechanisms in automobiles will also create lucrative growth opportunities for the V2X for automotive market. Rising demand for semi-autonomous vehicles and autonomous vehicles is also fostering market growth.
However, high costs associated with the hardware and software services associated with V2X for automotive will pose a major challenge to the market growth. Also, latency and reliability challenges will act as market restraint for V2X for automotive market.
This global V2X for automotive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on V2X for automotive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global V2X for Automotive Market Scope and Market Size
- The global V2X for automotive market is segmented on the basis of connectivity, offering, communication, propulsion type, technology, unit and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of connectivity, the V2X for automotive market is segmented into cellular connectivity and DSRC.
- On the basis of offering, the V2X for automotive market is segmented into hardware and software.
- The V2X for automotive market has also been segmented on the basis of communication into vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-grid (V2G), vehicle-to-pedestrian (V2P), vehicle-to-cloud (V2C) and vehicle-to-device (V2D).
- On the basis of propulsion type, the V2X for automotive market is segmented into electric vehicle and internal combustion engine (ICE) vehicle.
- Based on technology, the V2X for automotive market is segmented into automated driver assistance, intelligent traffic systems, emergency vehicle notification, passenger information system, fleet and asset management, parking management system, line of sight, non-line of sight, backing and others.
- On the basis of unit, the V2X for automotive market is segmented into on-board unit (OBU), roadside unit (RSU).
- Based on vehicle type, the V2X for automotive market is segmented into passenger car and commercial vehicle.
Global V2X for Automotive Market Country Level Analysis
The global V2X for automotive market is analysed and market size insights and trends are provided by country, connectivity, offering, communication, propulsion type, technology, unit and vehicle type as referenced above.
The countries covered in the V2X for automotive market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America currently dominates and is expected to dominate the V2X for automotive market owing to the rapid technological advancements and increasingly stringent norms and regulations regarding public safety and security. North America is followed by Europe in terms of market share.
The country section of the V2X for automotive market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and V2X for Automotive Market Share Analysis
The V2X for automotive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to V2X for automotive market.
The major players covered in the V2X for automotive market report are Robert Bosch GmbH, BorgWarner Inc., Intel Corporation, Cohda Wireless, Tracxn Technologies., DENSO CORPORATION, Infineon Technologies AG, Continental AG, Qualcomm Technologies, Inc., NXP Semiconductors, Autotalks Ltd., ALTRAN, Lear Corporation, HARMAN International, NVIDIA Corporation, Daimler AG, AUDI AG, Savari, Inc., Kapsch TrafficCom AG and General Motors. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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