Automotive V2X Market is Set To Fly High in Years to Come | Qualcomm, Robert Bosch, Continental AG
The Global Automotive V2X market was valued at USD 2.1 Billion in 2023 and is expected to reach USD 60.24 Billion by 2030, growing at a CAGR of 38.4 % during 2023-2030.
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Definition:
Vehicle-to-everything (V2X) communication encompasses the exchange of data between vehicles and other entities, including other vehicles (V2V), infrastructure (V2I), pedestrians (V2P), and networks (V2N). This technology enables vehicles to gather real-time information about their surroundings, enhancing road safety, traffic efficiency, and overall driving experience.
HTF Market Intelligence published a new research document of 150+pages on “Automotive V2X Market Insights, to 2028" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive V2X market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.
Some of the key players profiled in the study are Qualcomm (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Technologies (United Kingdom), Autotalks Ltd. (Israel), Infineon Technologies AG (Germany), Harman International Industries, Incorporated (United States), NXP Semiconductors N.V. (Netherlands), Denso Corporation (Japan), Cisco Systems, Inc. (United States). Additionally, other players that are part of this detailed analysis are Cohda Wireless Pty Ltd. (Australia) (Danlaw, Inc.), Huawei Technologies Co., Ltd. (China), TomTom N.V. (Netherlands), AT&T Inc. (United States), Vodafone Group Plc (United Kingdom).
Market Trends:
· Connected Vehicles: Increasing adoption of Vehicle-to-Everything (V2X) communication technologies, enabling vehicles to communicate with each other, infrastructure, pedestrians, and other road users in real time.
· Safety Applications: Implementation of V2X technologies for advanced driver assistance systems (ADAS) and safety applications such as collision avoidance, intersection safety, and emergency vehicle warning systems.
· Traffic Management: Deployment of V2X solutions for traffic management and congestion reduction, including traffic signal optimization, dynamic routing, and cooperative adaptive cruise control.
· Autonomous Driving: Integration of V2X communication into autonomous vehicle platforms, enabling vehicles to exchange information and coordinate maneuvers for safer and more efficient driving.
Market Drivers:
· Road Safety Improvement: Growing concern about road safety and the need to reduce traffic accidents and fatalities, driving the adoption of V2X technologies to enhance situational awareness and enable proactive safety measures.
· Government Regulations: Mandates and regulations from government agencies to promote the deployment of V2X technologies in vehicles and infrastructure to improve road safety, reduce congestion, and support smart transportation initiatives.
· Connected Vehicle Ecosystem: Development of a connected vehicle ecosystem, including infrastructure upgrades, automotive industry collaboration, and standardization efforts to facilitate interoperability and widespread adoption of V2X technologies.
· Emergence of Smart Cities: Increasing urbanization and the emergence of smart city initiatives, driving the need for intelligent transportation systems (ITS) and V2X communication to improve traffic management, reduce emissions, and enhance mobility.
Market Opportunities:
· New Business Models: Opportunity for automotive OEMs, technology providers, and telecommunications companies to develop new business models and revenue streams based on V2X technologies, such as subscription-based services, data monetization, and value-added applications.
· Enhanced User Experience: Opportunity to enhance the user experience for drivers and passengers through V2X-enabled services such as real-time traffic updates, predictive maintenance alerts, and personalized recommendations.
· Infrastructure Investment: Opportunity for public and private sector investment in V2X infrastructure upgrades, including roadside units, traffic signals, and communication networks, to support connected vehicle deployments and smart city initiatives.
Market Challenges:
· Technology Integration: Integration of V2X technologies into existing vehicle platforms, communication networks, and infrastructure systems, requiring coordination between automotive OEMs, technology providers, and infrastructure operators.
· Scalability and Reliability: Ensuring scalability, reliability, and resilience of V2X communication networks to support millions of connected vehicles, devices, and infrastructure elements, especially in densely populated urban areas and high-traffic corridors.
· Data Management: Managing and processing large volumes of V2X data generated by connected vehicles and infrastructure, including data storage, transmission, and analysis, while ensuring data accuracy, integrity, and privacy.
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The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Automotive V2X Market: Software, Hardware. Key Applications/end-users of Automotive V2X Market: Internal Combustion Engines, Electric Vehicles.
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With this report you will learn:
· Who the leading players are in Automotive V2X Market?
· What you should look for in a Automotive V2X
· What trends are driving the Market
· About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Automotive V2X vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
List of players profiled in this report: Qualcomm (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Technologies (United Kingdom), Autotalks Ltd. (Israel), Infineon Technologies AG (Germany), Harman International Industries, Incorporated (United States), NXP Semiconductors N.V. (Netherlands), Denso Corporation (Japan), Cisco Systems, Inc. (United States). Additionally, other players that are part of this detailed analysis are Cohda Wireless Pty Ltd. (Australia) (Danlaw, Inc.), Huawei Technologies Co., Ltd. (China), TomTom N.V. (Netherlands), AT&T Inc. (United States), Vodafone Group Plc (United Kingdom). Who should get most benefit from this report insights?
· Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Automotive V2X
· Marketers and agencies doing their due diligence in selecting a Automotive V2X for large and enterprise level organizations
· Analysts and vendors looking for current intelligence about this dynamic marketplace.
· Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
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Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Automotive V2X Market Automotive V2X Size (Sales Volume) Comparison by Type (2023-2028) Automotive V2X Size (Consumption) and Market Share Comparison by Application (2023-2028) Automotive V2X Size (Value) Comparison by Region (2023-2028) Automotive V2X Sales, Revenue and Growth Rate (2023-2028) Automotive V2X Competitive Situation and Current Scenario Analysis Strategic proposal for estimating sizing of core business segments Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type Analyse competitors, including all important parameters of Automotive V2X Automotive V2X Manufacturing Cost Analysis Latest innovative headway and supply chain pattern mapping of leading and merging industry players
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