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Major players in the automotive V2X market include in the automotive V2X market include Robert Bosch GmbH, NXP Semiconductors N.V., HARMAN International (Samsung Electronics Co. Ltd.), Continental AG, Lear Corporation.

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The automotive V2X market is expected to grow at a CAGR of 44.6% from $0.54 billion in 2021 to reach $3.39 billion in 2026. The global automotive V2X market size is expected to reach $23.57 billion in 2031, at a CAGR of 47.3%.

Asia Pacific was the largest region in the global automotive V2X market.

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 information exchange 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 of how to approach traffic, offering other routes to avoid traffic, and spotting unoccupied parking spaces.

The growing global automotive industry is expected to be the key driver of the automotive V2X market.

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The increasing adoption of C-V2X (Cellular Vehicle-to-Everything) is a key trend gaining popularity in the automotive V2X market. Automotive manufacturers are increasingly deploying cellular V2X technology to enhance the safety of vehicles. Cellular V2X is a type of connectivity platform which offers low-latency vehicle-to-vehicle (V2V), vehicle-to-roadside infrastructure (V2I) and vehicle-to-pedestrian (V2P) communication. In direct communications mode, C-V2X works independently of the cellular networks. C-V2X leverages the comprehensive coverage of secure, well-established long-term evolution (LTE) networks to enable reliable, real-time communication at high speeds and in high-density traffic.

TBRC’s Automotive V2X Market Report Is Segments:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Automotive V2X Market Report 2022 –Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides an overview of the automotive V2X market globally and regionally, analyzes and forecasts market size, share, automotive V2X market players, automotive V2X market segments, leading competitor revenues, profiles and market shares.

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