Market Insights and Analysis: Global Vehicle-to-Everything (V2X) Communications System Market Overview and Projections (2022-2027)
The Global Vehicle-to-Everything (V2X) Communication System Market is projected to grow at a CAGR of around 36.85% during the forecast period, 2022-27. The market growth imputes to the rising mandates of the international & national governments to deploy advanced connected car technologies to enhance traffic efficiency by warning drivers about the traffic & suggesting alternative routes to avoid the collision.
Top leading companies in the Global Vehicle-to-Everything (V2X) Communications System Market includes:
Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, STMicroelectronics, Cohda Wireless, Others.
Key Trend in the Market
Fueling Adoption of Autonomous Vehicles to Provide Lucrative Growth Opportunities for the V2X Market Globally
The rising traction of consumers towards adopting semi-autonomous & fully autonomous vehicles supported by an increase in purchasing power & a boost in government support have escalated the demand for V2X communication systems globally. Autonomous vehicles rely on advanced V2X technologies & systems to collect & share real-time data to verticals such as automotive, banking & insurance, among others, to monetize the vehicle-collected data for future technological developments.
Moreover, the increasing autonomous production activities & boost in R&D activities by the automotive manufacturers such as Ford Motors & Tesla to revolutionize the traditional way of driving would create lucrative growth opportunities for the V2X service providers.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Vehicle Type
-Passenger
-Commercial
By Connectivity
-Dedicated Short Range Communication (DSRC)
-Cellular-V2X (C-V2X)
By Technology
-Vehicle-to-Vehicle
-Vehicle-to-Infrastructure
-Intelligent Traffic System
-Emergency Vehicle Notification
-Passenger Information System
-Fleet & Asset Management
-Parking Management System
-Vehicle-to-Pedestrians (V2P)
-Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)
By Demand Type
-OEMs
-Aftermarkets
By Vehicle Autonomy
-Autonomous
-Semi-Autonomous
By Component
-Hardware
-On-board Units (OBU)
-Roadside Units (RSU)
-Others (Antenna, Evaluation Kits, etc.)
-Software
-V2X Software Stack
-V2X Software Development Kit.
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Global Vehicle-to-Everything (V2X) Communications System Market Geographic Reach:
The Geographic Reach of the Global Vehicle-to-Everything (V2X) Communications System Market evaluates the spread and significance of Global Vehicle-to-Everything (V2X) Communications System market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: The US, Canada, Mexico
· South America: Brazil, Rest of Latin America
· Europe: Germany, The UK,Germany, France, Spain, Italy, Rest of Europe
· Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
· Middle East & Africa: GCC, Turkey, Egypt, South Africa, Rest of Middle East and Africa.
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