Markntel Advisors’ report, Automotive V2X Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Automotive V2X presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Automotive V2X Market Research Report & Market Summary:
The Global Automotive V2X Market size is valued at USD 0.74 billion in 2024 & is projected to reach USD 11.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2024-30. The growth in the market is driven mainly due to the adoption of connectivity technologies in automobiles which gradually becoming a standard. This is largely due to the policy shift of the countries globally to improve their road safety. Auto manufacturers are deploying V2X technologies coupled with AI and 5G to enhance driver experience whilst complying with government guidelines. Additionally, these technologies are driving the adoption of autonomous and electric vehicles.
With increasing dependency on technology and a surge in the tech-savvy population, there has been an increase in demand for the deployment of network connectivity in vehicles. More than 90% of all new vehicles worldwide will be connected by 2030 and 45% of them will have intermediate to advanced connectivity features like multisensory interactions for all occupants, connection to other ecosystems and platforms, and intelligent decision-making through seamless environmental linkages.
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Automotive V2X Market Dynamics:
Key Driver-
Policy Push Regarding Road Safety – The Global Automotive V2X Market shows healthy growth due to rising awareness and policy push regarding road safety. According to the United Nations, each year around 1.19 million deaths happen due to traffic accidents. To prevent such tragedies and improve road safety, authoritative bodies and automobile manufacturers are adopting smart connectivity technologies such as vehicle-to-everything (V2X).
Automotive V2X Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Offering
Hardware- Market Size & Forecast 2019-2030, USD Million
Software- Market Size & Forecast 2019-2030, USD Million
By Communication Type
Vehicle-to-Vehicle (V2V) Communication- Market Size & Forecast 2019-2030, USD Million
Vehicle-to-Infrastructure (V2I) Communication- Market Size & Forecast 2019-2030, USD Million
Vehicle-to-Pedestrian (V2P) Communication- Market Size & Forecast 2019-2030, USD Million
Vehicle-to-Home (V2H) Communication- Market Size & Forecast 2019-2030, USD Million
Vehicle-to-Grid (V2G) Communication- Market Size & Forecast 2019-2030, USD Million
Vehicle-to-Network (V2N) Communication- Market Size & Forecast 2019-2030, USD Million
The Vehicle-to-Vehicle (V2V) type of communication holds the largest market share in the Global Automotive V2X Market. This is primarily because automakers are integrating the V2V technology to provide vehicles with capabilities like Advanced Driver Assistance Systems.
By Connectivity Type
Dedicated Short Range Communications (DSRC) – Market Size & Forecast 2019-2030, USD Million
Cellular Connectivity- Market Size & Forecast 2019-2030, USD Million
By Vehicle Propulsion Type
Internal Combustion Engine (I.C.E.)
Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
Commercial Vehicle- Market Size & Forecast 2019-2030, USD Million
Electric Vehicle- Market Size & Forecast 2019-2030, USD Million
Internal Combustion Engine vehicles hold the largest market share in the Global Automotive V2X Market based on the vehicle propulsion type segment.
By Sales Channel
OEM- Market Size & Forecast 2019-2030, USD Million
Aftermarket- Market Size & Forecast 2019-2030, USD Million
By Region
North America
South America
Europe
Middle East & Africa
Asia-Pacific.
The Asia Pacific region accounts for the largest market share in the Global Automotive V2X Market, as it accounts for the largest number of automobile sales specifically from China, India, Japan, and South Korea.
As indicated in the latest market research report published by Markntel Advisors, “Automotive V2X Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Automotive V2X industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-automotive-v2x-market.html
Top Companies Operating in the Automotive V2X Market:
Continental AG
Qualcomm, Inc.
NXP Semiconductors
LG Vehicle Component Solutions
Commsignia
HARMAN International
Mobileye
Miovision
Infineon Technologies AG
Denso Corporation
Autotalks Ltd.
Cohda Wireless
Neusoft Corporation
Huawei Technologies Co., Ltd.
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Key Report Highlights:
Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
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