Automotive Vehicle-to-everything (V2X) Market Set to Surge Sig-nificantly by 2025

Global Automotive Vehicle-to-everything Market: Snapshot 

Vehicle-to-everything communication refers to the transfer of information or signal from a vehicle to any object that can impact the functioning of the vehicle. It is a form of vehicular communication system that integrates other different specific communication types such as V2G (Vehicle-to-grid), V2D (Vehicle-to-device), V2P (Vehicle-to-Pedestrian), and V2V (Vehicle-to-vehicle). The main highlight of V2X is energy savings along with high-end safety. Nevertheless, there might be obstacles in the roll-out of the particular technology, basically due to legal issues and the factor that until all the current vehicles completely adopt it, the effectiveness is quite limited. The technology that V2X communication employs is based on the WLAN technology and directly works between the infrastructure and the vehicle forming a vehicular ad-hoc network, when the two respective V2X senders come in the range of the other.

The report is an investigation in the growth of the global automotive vehicle-to-everything (V2X) market over the last couple of years and in the coming years. The market research publication further reasons out the causes of the changes in the market across the globe. It does this so by presenting an evaluation of the dynamics and the trends prevalent from the last few years and the ones that are likely to retain an impact during the forecast period. The Porter’s five forces analysis is being taken into consideration for the analysts to provide a clear view of the vendor landscape to the readers. Mergers, agreements, acquisitions, and other partnerships have also been highlighted in the report. The study further delves into the working of the various leading companies along with the information on the products, strategies, and shares of the companies in question.

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Global Automotive Vehicle-to-everything Market: Trends and Prospects

The global market for automotive vehicle-to-everything is anticipated to expand significantly over the coming years owing to factors such as growing demand traffic in real-time, rising government concerns coupled with several benefits and aid provided by governments for enhanced traffic management, rise in incidental alerts regarding public safety, and growing environmental concerns. The vendors in this market can seek lucrative opportunities from the advent of autonomous car on the verge of transforming the automotive industry and the use real-time monitoring for predictive using real-time monitoring. However, the growth of the global automotive vehicle-to-everything market is likely to be negatively influenced by the dearth of cellular connectivity in several emerging economies, high cost burden on users, and lack of proper infrastructure. Aspects such as the security of the data generated by the vehicles, lack of interest to adopt modern technology, and lack of standardization are also anticipated to hinder the market growth in the near future.

Global Automotive Vehicle-to-everything Market: Regional Analysis

North America is expected to offer promising opportunities and emerge as a profitable region for the growth of the market in the near future owing to the favorable regulations and policies implemented by the governments in the region and the demand for advanced transportation system. The rising demand for cars has suddenly gained momentum with the recent convergence of the automotive and ICT sector in the region.

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Global Automotive Vehicle-to-everything Market: Companies Mentioned in the Report

Some of the leading companies in the global automotive vehicle to everything market are Audi AG, Daimler AG, Infineon Technologies AG, Qualcomm Inc., Delphi Automotive PLC, and Continental AG.

 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis 

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report. 

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Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

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