Global Automotive V2X Market Key Opportunities And Strategies For 2022-2031
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The Business Research Company’s “Automotive V2X Market Report 2022” forecasts the automotive V2X market is expected to grow at a CAGR of 44.6% from $0.54 billion in 2021 to reach $3.39 billion in 2026. The global automotive V2X market size is expected to reach $23.57 billion in 2031, at a CAGR of 47.3%.
The growing global automotive industry is expected to be the key driver of the automotive V2X market.
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Automotive V2X Market Trends
The Increasing adoption of C-V2X (Cellular Vehicle-to-Everything) is a key trend gaining popularity in the automotive V2X market. Automotive manufacturers are increasingly deploying cellular V2X technology to enhance the safety of vehicles. Cellular V2X is a type of connectivity platform which offers low-latency vehicle-to-vehicle (V2V), vehicle-to-roadside infrastructure (V2I) and vehicle-to-pedestrian (V2P) communication. In direct communications mode, C-V2X works independently of the cellular networks. C-V2X leverages the comprehensive coverage of secure, well-established long term evolution (LTE) networks to enable reliable, real-time communication at high speeds and in high-density traffic.
Automotive V2X Market Overview
The automotive V2X market consists of sales of automotive V2X technologies by entities (organizations, sole traders, and partnerships) that are mainly used to increase safety and prevent collisions. Vehicle to Everything (V2X) is a communication system used in a vehicle that supports information exchange from a vehicle to moving components of the traffic system that may have an impact on the vehicle. The technology improves traffic efficiency by notifying drivers of how to approach traffic, offering other routes to avoid traffic, and spotting unoccupied parking spaces.
Learn more on the global automotive V2X market report at:
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Automotive V2X Global Market Report 2022 from TBRC covers the following information:
Market Segmentation
• By Technology –Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line Of Sight, Others
• By Vehicle Type – Passenger Cars, Commercial Vehicles
• By Connectivity – DSRC, Cellular
• 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 Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major market players such as Robert Bosch GmbH, NXP Semiconductors N.V., HARMAN International (Samsung Electronics Co. Ltd.), Continental AG, Lear Corporation
Trends, opportunities, strategies and so much more.
Automotive V2X Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides in-depth automotive V2X industry research. The market report analyzes automotive V2X global market size, automotive V2X global market segments, automotive V2X global market growth drivers, automotive V2X global market growth across geographies, automotive v2x global market trends and automotive V2X global market competitors’ revenues and market positioning. The automotive v2x market research report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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