Automotive V2X (Vehicle-To-Everything) Market Revenue to close at USD 7326.2 million by 2027
Posted On September 22, 2021
The Global Automotive V2X (Vehicle-To-Everything) Market is foreseen to grow at a remarkable CAGR of 40% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 7326.2 million by 2027. The driving forces of the automotive V2X industry are rising road accidents, expanding automotive sector, increasing government support to reduce traffic, more fuel efficiency, less carbon dioxide emission, cost reduction, increasing public safety awareness, rising disposable income, and rapid urbanization. Interacting with the infrastructure such as traffic lights, pedestrian communication devices, and other digital devices is evolving in the automotive industry. These technological improvements have pushed automakers to adopt automobile V2X solutions that will provide customers with increased safety, utility, and convenience.
V2X is a communication system that allows a vehicle to connect with other vehicles, road users, and infrastructure. The primary goal of V2X technology is to increase road safety, energy efficiency, and traffic efficiency. Cars and commercial vehicles can communicate real-time traffic updates and road hazard information via Vehicle-to-X (Vehicle-to-Everything) communication, which will improve future safety assist features.
The geographical and segmentation study covered in the report "Global Automotive V2X (Vehicle-To-Everything) Market Report By Communication Type (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle-To-Home (V2H), Vehicle-To-Grid (V2G), Vehicle-To-Network (V2N), By Connectivity Type (DSRC, Cellular Connectivity), By Vehicle Type (Passenger Cars, CV) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of communication type the market is segmented into Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle-To-Home (V2H), Vehicle-To-Grid (V2G), Vehicle-To-Network (V2N). By connectivity type the automotive v2x (vehicle-to-everything) market is categorised as DSRC, Cellular Connectivity. By vehicle type the automotive v2x (vehicle-to-everything) market is categorised as Passenger Cars, CV. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Automotive V2X (Vehicle-To-Everything) Market -
By Communication Type
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Infrastructure (V2I)
- Vehicle-To-Pedestrian (V2P)
- Vehicle-To-Home (V2H)
- Vehicle-To-Grid (V2G)
- Vehicle-To-Network (V2N)
By Connectivity Type
- Cellular Connectivity
By Vehicle Type
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Qualcomm Technologies, Continental AG, Delphi Technologies, Infineon Technologies, Robert Bosch, Harman International, Denso Corporation, NXP Semiconductors, Denso Corporation, and STMicroelectronics.
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