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Automotive V2X Market Growth and Forecast Analysis during 2018 – 2026 by Leading Companies: Delphi, NXP Semiconductors, Harman International, Infineon Technologies, Cohda Wireless
Automotive V2X Market
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V2X enables vehicles to communicate with other vehicles and infrastructure forming a part of the traffic system around them. V2X includes Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Cloud, Vehicle-To-Grid, Vehicle-To-Pedestrian, and Vehicle-To-Device among others. V2V or vehicle to vehicle, enables vehicles to communicate with other vehicles in the vicinity, whereas V2I, or vehicle to infrastructure, enables vehicles to communicate with external systems such as streetlights, buildings, and pedestrians. The technology uses a short-range wireless signal to communicate with compatible systems, and this signal is resistant to interference and inclement weather.
Automotive V2X Market generated $4,870 million in 2017 to reach around USD 33,246 million by 2026 and is anticipated to grow at a CAGR of 24.1% during the forecast period. Also, growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
The leading companies in Automotive V2X Market include: -
• Delphi Automotive PLC
• Robert Bosch GmbH
• NXP Semiconductors
• TomTom International B.V.
• Cisco Systems Inc.
• Continental AG
• Infineon Technologies
• Harman International
• Cohda Wireless
• Qualcomm
Asia-Pacific generated the highest revenue in the Automotive V2X Market in 2017 owing to increasing disposable income and living standards in the region. The established automotive industry, and strict government regulations regarding road and vehicular safety have resulted in increasing adoption of automotive V2X in the region.
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The demand for Automotive V2X has increased owing to increasing need for road safety, and growing demand for luxury vehicles. The growth in global automotive industry and increasing popularity of autonomous vehicles has resulted in Automotive V2X Market growth.
The growing incidences of road accidents, and introduction of stringent government regulations regarding vehicular safety, and initiatives for efficient traffic management further increase the demand for automotive V2X systems in the recent past.
This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Partial TOC of Automotive V2X Market: -
1. Industry snapshot
2. Ecosystem analysis
3. Market Dynamics
4. Industry analysis - Porter's five force
5. Degree of competition
6. Market PEST Analysis
7. Market Value Chain Analysis
8. Industry Trends
9. Competitive Ranking Analysis
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