03-Aug-2021 | Zion Market Research
Some of key players in Automotive Vehicle-To-Everything (V2X) Market are Continental AG, Infineon Technologies AG, Toyota Motor Corporation, Delphi Automotive PLC, Savari Technologies Pvt. Ltd., Denso Corporation, Volkswagen AG, General Motors Company, Daimler AG, and BMW Group, among others.
According to analysts at Zion Market Research, the global Automotive Vehicle-To-Everything (V2X) Market accounted for USD 414 Million in 2020 and is expected to reach USD 6,735 Million by 2028, growing at a CAGR of 41.7% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Automotive Vehicle-To-Everything (V2X) Market by Connectivity Type (DSRC and Cellular), by Vehicle (Viable and Passenger), by Communication Type (Motor Vehicle To Motor Vehicle, Motor Vehicle To Home, Motor Vehicle To Network, Motor Vehicle To Grid, and Motor Vehicle To Infrastructure): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Massive Automotive Vehicle-To-Everything (V2X) Market to Spur Growth
The global automotive vehicle-to-everything (V2X) market is growing due to a growing demand for safer roads, less traffic congestion, and lower fuel consumption. Furthermore, reducing security concerns with energy-efficient fuelling for the global automotive vehicle-to-everything (V2X) market. The use of associated vehicles is growing. Connected vehicles use a V2X platform to communicate with other vehicles, road infrastructure, and the cloud. These services can be used by automotive dealers, fleet operators, and drivers to optimise resource utilisation, increase safety, and automate key driver responsibilities, all while collecting vital data such as vehicle performance and road conditions. Connected vehicles collect and communicate data from their surroundings, as well as connect to intelligent transportation infrastructure and send real-time traffic data to transportation authorities for better road management and infrastructure planning. Macroeconomic factors such as a growing economy, an increase in non-refundable income, a rapid rate of urbanisation, and industrialization are also driving the global market. In the coming years, the global automotive vehicle-to-everything (V2X) market will be influenced by factors such as value chain integration, rising automation, and technological advancement.
Presence of Big Players in The Region Support Europe Dominance
Over the forecast period, the Europe region is expected to grow at a CAGR of XX%. Strict safety and pollution regulations govern the European automobile industry. Furthermore, as safety regulations tighten, features such as adaptive cruise control and blind-spot detection, which require V2V communication, will become standard, allowing the vehicle V2X industry to grow. The improved infrastructure in Europe simplifies V2X deployment. Major players such as Robert Bosch GmbH, Continental AG, and Delphi Technologies, as well as widespread adoption of V2X-equipped vehicles, are expected to have a significant impact on the European automotive V2X market. Moreover, 5GAA, BMW Group, Ford, and Groupe PSA have collaborated with Qualcomm and Savari to demonstrate C-V2X communications in European countries such as France and Germany.
North America has the largest market share in the automotive v2x market, accounting for XX%. The region includes technologically advanced countries such as the United States and Canada, making technological adoption simple.
Browse the full “Automotive Vehicle-To-Everything (V2X) Market by Connectivity Type (DSRC and Cellular), by Vehicle (Viable and Passenger), by Communication Type (Motor Vehicle To Motor Vehicle, Motor Vehicle To Home, Motor Vehicle To Network, Motor Vehicle To Grid, and Motor Vehicle To Infrastructure): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/automotive-vehicle-to-everything-market
The global Automotive Vehicle-To-Everything (V2X) market is segmented as follows:
By Connectivity Type
By Communication Type
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