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DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--
The "Automotive V2X Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive V2X market size reached US$ 2.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 20.2 Billion by 2027, exhibiting a CAGR of 44.71% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Automotive vehicle to everything (V2X) is a communication system that supports the real-time exchange of information between the cloud, infrastructure and vehicles. It assists in improving the experience of the driver by providing upcoming traffic warnings, alternative routes, and available parking spaces.
Besides this, it also helps avoid traffic, severity of injuries, road accident fatalities, and collision with other vehicles. As a result, it is integrated into conventional cars around the world for allowing drivers to receive information about approaching vehicles, weather patterns, road conditions and activities of other drivers, thereby safeguarding the vehicle and its passengers.
Due to the rising air pollution, environmental concerns and sales of vehicles worldwide, governing agencies of numerous countries are implementing strict regulations to minimize carbon emissions. This represents one of the major factors encouraging manufacturers to incorporate V2X technology into vehicles.
A significant rise in the number of road accidents is also propelling the need for automotive V2X to enhance fuel savings, traffic efficiency, and driver and road safety. Moreover, with rapid urbanization and inflating disposable incomes, the demand for intelligent and connected vehicles is escalating across the globe. V2X systems are incorporated into vehicles to allow minimized human intervention.
Besides this, the leading companies are offering hybrid solutions that involve 4G and 5G network access, dedicated short-range communication (DSRC), and cellular V2X communication to expand their existing consumer base and retain their position in the market. In confluence with this, the rising deployment of 5G technology and partnerships between cellular and transportation companies to deliver efficient and innovative transportation solutions are also contributing to the growth of the market.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive V2X Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Communication
7 Market Breakup by Connectivity
8 Market Breakup by Vehicle Type
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/ugsz8r
View source version on businesswire.com:https://www.businesswire.com/news/home/20220928005653/en/
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KEYWORD:
INDUSTRY KEYWORD: VEHICLE TECHNOLOGY OTHER AUTOMOTIVE AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/28/2022 08:45 AM/DISC: 09/28/2022 08:47 AM
http://www.businesswire.com/news/home/20220928005653/en