Rising demand for autonomous cars and rising focus on driver, pedestrian, and vehicle safety are some key factors influencing market growth.
The global vehicle-to-everything (V2X) market is projected to reach a market size of USD 11.27 Billion by 2028 and register a robust CAGR during the forecast period, according to latest analysis by Emergen Research. Growing demand for vehicle-to-everything can be attributed to rising demand for autonomous cars and vehicles with more advanced safety features, especially in developed economies. Implementation of vehicle-to-everything communication increases drivers’ awareness about the surroundings and aids in facilitating autonomous driving. V2X assists in communicating information such as speed accuracy, brake pedal status, and heading. It also warns autonomous vehicles regarding nearby objects that are not directly visible (non-line-of-sight), which is a crucial feature for vehicle safety and for facilitating better decisions by autonomous cars.
The global Vehicle-to-Everything market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global Vehicle-to-Everything market is highly consolidated due to the presence of a large number of companies across this industry.
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The global Vehicle-to-Everything market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
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Major companies operating in vehicle-to-everything market include Continental AG, Infineon Technologies AG, Robert Bosch GmbH, NXP Semiconductors, Harman International, Delphi Technologies, Qualcomm Technologies Inc., DENSO Corporation, Autotalks Ltd., and STMicroelectronics.
These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
The global Vehicle-to-Everything market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Vehicle-to-Everything market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights. To gain useful market insights, grab a sample copy of this report:
The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global Vehicle-to-Everything market.
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The global Vehicle-to-Everything market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2024 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
- Communication Type Outlook (Revenue, USD Million; 2018–2028)
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Pedestrian (V2P)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Cloud (V2C)
- Vehicle-to-Device (V2D)
- Vehicle-to-Grid (V2G)
- Others
- Application Outlook (Revenue, USD Million; 2018–2028)
- Automated Driver Assistance
- Emergency Vehicle Notification
- Intelligent Traffic Systems
- Passenger Information System
- Fleet and Asset Management
- Parking Management System
- Others
- Connectivity Outlook (Revenue, USD Million; 2018–2028)
- Dedicated Short Range Communication (DSRC)
- Cellular V2X
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Global Vehicle-to-Everything Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2024-2028
Chapter 3. Key Insights
Chapter 4. Vehicle-To-Everything (V2X) Market Segmentation & Impact Analysis
4.1. Vehicle-To-Everything (V2X) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.2.1. Rising demand for autonomous cars
4.2.2.2. Growing concern for vehicle safety
4.2.2.3. Increasing requirement for lesser traffic congestion
4.2.3. Market restraints analysis
4.2.3.1. Data security and privacy concerns
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Vehicle-To-Everything (V2X) Market By Communication Type Insights & Trends, Revenue (USD Million)
5.1. Communication Dynamics & Market Share, 2024 & 2028
5.1.1. Vehicle-to-Vehicle (V2V)
5.1.2. Vehicle-to-Pedestrian (V2P)
5.1.3. Vehicle-to-Infrastructure (V2I)
5.1.4. Vehicle-to-Cloud (V2C)
5.1.5. Vehicle-to-Device (V2D)
5.1.6. Vehicle-to-Grid (V2G)
5.1.7. Others
Chapter 6. Vehicle-To-Everything (V2X) Market By Application Insights & Trends Revenue (USD Million)
6.1. Application Dynamics & Market Share, 2024 & 2028
6.1.1. Automated Driver Assistance
6.1.2. Emergency Vehicle Notification
6.1.3. Intelligent Traffic Systems
6.1.4. Passenger Information System
6.1.5. Fleet and Asset Management
6.1.6. Parking Management System
6.1.7. Others
To be continue..!
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