The global automotive V2X market size was valued at USD 628.9 million in 2021. The market is projected to grow from USD 813.9 million in 2022 to USD 11,088.1 million by 2030, exhibiting a CAGR of 45.2% during the forecast period. Global Automotive V2X Market Reports give a Key study on the industry status of the Automotive V2X Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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The COVID-19 pandemic has been shocking and has never happened before. Compared to what it was before the pandemic, demand is lower than expected in all areas. Our research shows that the world market was 10.8% smaller in 2020 than in 2019.
Vehicle-to-everything lets the car and the things around it talk to each other in real time. It can be used in many ways, such as between vehicles, between vehicles and pedestrians, and between vehicles and infrastructure. By letting cars talk to each other and the infrastructure around them, this technology makes it easier for cars to drive themselves, speeds up traffic, and makes roads safer. This lets people come up with smarter and more connected solutions.
Competitive Landscape and Global Market Share Analysis:
Denso Corporation (Japan), Aptiv (Ireland), Infineon Technologies AG (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (U.S.), Autotalks Ltd. (Israel), Cohda Wireless (Australia), Kapsch TrafficCom (Austria), Savari Inc. (U.S.), Lear Corporation (U.S.), LG Electronics (South Korea), Ford Motor Company (U.S.), Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), Harman International (U.S.), Others
Market Segmentation:
By Connectivity Type:
- DSRC
- Cellular
- Others
By Communication Type:
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Pedestrian (V2P)
- Other
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Other
By Unit Type:
- Onboard Unit
- Roadside Unit
- Other
The report on the Automotive V2X market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
In 2021, Asia Pacific had the biggest share of the automotive V2X market, which was worth USD 259.0 million. In this area, companies that make technology for telecommunications and companies that make cars are the ones most likely to work on “vehicle-to-everything” development. It is expected that Japan and China will have the most advanced technologies in the Asia-Pacific region. In the Yongchuan district of Chongqing, for example, a 20-square-kilometer area is being used as a “vehicle-to-everything pilot zone” to test level 4 autonomous vehicles, which can almost always drive themselves without a person in charge.
People expect Europe to do well on the market. For vehicle-to-everything communication, there were a lot of research projects, industrial groups, and joint tests in the area. For example, the CAR 2 CAR Communication Consortium is made up of a number of automakers and technology companies. Its main goal is to make intelligent transportation systems and put them to use on European roads.
North American automakers are using vehicle-to-everything technology more and more, so the market is expected to grow a lot there. Honda is working with the Ohio Department of Transportation to make the U.S. State Route 33 Smart Mobility Corridor the most dense V2X environment of its kind. In a similar way, Audi and the Virginia Department of Transportation (DOT) announced a pilot programme for cellular vehicle-to-everything deployments that will begin in the third quarter of 2020. (Q3).
Following are the major TOC of the Automotive V2X Market:
Chapter 1: Automotive V2X Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Automotive V2X Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Automotive V2X Market Forecast
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Key Reasons to Purchase Automotive V2X Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Automotive V2X Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Automotive V2X Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Automotive V2X
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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