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According to our LPI (LP Information) latest study, the global Automotive Vehicle to Everything (V2X) Communications market size was valued at US$ 1775.5 million in 2023. With growing demand in downstream market, the Automotive Vehicle to Everything (V2X) Communications is forecast to a readjusted size of US$ 7486.2 million by 2030 with a CAGR of 22.8% during review period.
The research report highlights the growth potential of the global Automotive Vehicle to Everything (V2X) Communications market. Automotive Vehicle to Everything (V2X) Communications are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Vehicle to Everything (V2X) Communications. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Vehicle to Everything (V2X) Communications market.
V2X technology is based on 5.9GHz Dedicated Short Range Communication, a derivative of WiFi specifically defined for fast moving objects. It allows vehicles to communicate their state, such as their position and speed, to surrounding vehicles and infrastructures even in non-line-of-sight condition, such as behind a building or a curve.
Global Automotive Vehicle to Everything (V2X) Communications key players include Arada Systems, Autotalks Ltd., Cohda Wireless, Delphi Automotive, Denso, etc. Global top five manufacturers hold a share over 40%.
North America is the largest market, with a share about 30%, followed by Euorpe, and Japan, both have a share over 40 percent.
In terms of product, Vehicle-to-Infrastructure (V2I communication) is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Road safety service, followed by Automatic parking system, Emergency vehicles, Auto car service.
Key Features:
The report on Automotive Vehicle to Everything (V2X) Communications market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Vehicle to Everything (V2X) Communications market. It may include historical data, market Segmentation by Type (e.g., Vehicle-to-vehicle Communication (V2V communication), Vehicle-to-Infrastructure (V2I communication)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Vehicle to Everything (V2X) Communications market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Vehicle to Everything (V2X) Communications market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive Vehicle to Everything (V2X) Communications industry. This include advancements in Automotive Vehicle to Everything (V2X) Communications technology, Automotive Vehicle to Everything (V2X) Communications new entrants, Automotive Vehicle to Everything (V2X) Communications new investment, and other innovations that are shaping the future of Automotive Vehicle to Everything (V2X) Communications.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Vehicle to Everything (V2X) Communications market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Vehicle to Everything (V2X) Communications product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Vehicle to Everything (V2X) Communications market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Vehicle to Everything (V2X) Communications market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Vehicle to Everything (V2X) Communications market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Vehicle to Everything (V2X) Communications industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Vehicle to Everything (V2X) Communications market.
Market Segmentation:
Automotive Vehicle to Everything (V2X) Communications market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
- Vehicle-to-vehicle Communication (V2V communication)
- Vehicle-to-Infrastructure (V2I communication)
- Vehicle-to-Pedestrian (V2P communication)
Segmentation by application
- Road Safety Service
- Automatic Parking System
- Emergency Vehicles
- Auto Car Service
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Arada Systems
- Autotalks Ltd.
- Cohda Wireless
- Delphi Automotive
- Denso
- eTrans Systems
- Kapsch TrafficCom
- Qualcomm
- Savari Inc