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The growing global automotive industry is expected to be the key driver of the automotive V2X market, as per The Business Research Company’s automotive V2X market opportunities and strategies report.

The automotive V2X market is expected to grow at a CAGR of 44.6% from 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%.

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

5G technology in automotive V2X is a key trend gaining popularity in the automotive V2X market. 5G refers to the 5th generation wireless mobile network technology that is designed to connect everything including objects, machines, and devices virtually. 5G automotive V2X is changing automotive experiences as it allow cars to communicate with each other for data sharing from their current destination and speed according to previous road conditions, and to connect to a city’s smart network to locate access services and available parking. Tethered automotive V2X has the modem and the UICC (SIM) brought in whereas the intelligence/applications is embedded, and the vehicle interface that is used is the vehicle HMI (human machine interface). Automotive HMIs allow drivers and passengers to interact with their vehicles in a far more natural way. Major players in the market are focusing on producing automotive V2X capable of 5G connectivity to expand the connected technologies.

The Global Automotive V2X Market Is Segmented:
By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line Of Sight

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, Asia Pacific is the largest region in the global automotive V2X market.

TBRC’s Automotive V2X Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

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 thorough automotive V2X market research, analyzes and forecasts automotive V2X market size, automotive V2X market share, automotive V2X market players, automotive V2X market trends, automotive V2X market segmentation 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.

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.

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