Global Automotive V2X Market Outlook, Opportunities And Strategies
Learn about the global automotive V2X market through The Business Research Company, which provides information on automotive V2X market size, automotive V2X market drivers and restraints, automotive V2X market players, the COVID-19 impact on the automotive V2X market, and more.
The global automotive V2X market is expected to grow from $517.31 million in 2020 to $619.42 million in 2021 at a compound annual growth rate (CAGR) of 19.7%. The growth of the automotive V2X market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive V2X market is expected to reach $2,258.04 million in 2025 at a CAGR of 38.2%.
The increasing demand for fully autonomous vehicles is expected to drive innovation in automotive V2X manufacturing, thus driving the market during the forecast period.
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The automotive V2X market consists of sales of automotive V2X technologies by entities (organizations, sole traders, and partnerships) that are mainly used to increase safety and prevent collisions. Vehicle to Everything (V2X) is a communication system used in a vehicle that supports the exchange of the from a vehicle to moving components of the traffic system that may have an impact on the vehicle. The technology improves traffic efficiency by notifying drivers to approach traffic, offering other routes to avoid traffic, and spotting unoccupied parking spaces.
Global automotive V2X market segments include:
By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line Of Sight, Others
By Vehicle Type: Passenger Cars, Commercial Vehicles
By Connectivity: DSRC, Cellular
By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle-To-Grid (V2G), Vehicle-To-Cloud (V2C), Vehicle-To Device (V2D)
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the automotive V2X market in 2020.
The growing technological advancements such as LTE-V2X technology are a key trend gaining popularity in the automotive V2X market. LTE-V2X technology is an innovative information and communication technology that is used in road transportation systems to allow information to be exchanged between vehicles, humans, networks, and infrastructure. Major companies operating in the automotive V2X sector are focused on developing LTE-V2X technology to strengthen their position.
TBRC’s automotive V2X market report covers:
Major Market Players: Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc., Robert Bosch, Cohda Wireless, STMicroelectronics, TE Connectivity Ltd., Qorvo Inc., Ford Motor Company, Danlaw Inc., and Amphenol Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Automotive V2X Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides automotive V2X market overviews, analyzes and forecasts market size, share, automotive V2X market players, automotive V2X market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive V2X market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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