Press release
Automotive Vehicle-to-Everything (V2X) market Increasing Demand to Make Highest Revenue Value at USD 110.3 Billion By 2026 | Continental AG, Aptiv, Qualcomm Inc., Infineon Technologies AG, etc.
Automotive Vehicle-to-Everything (V2X) Market To Reach USD 110.3 Billion By 2026
The global Automotive Vehicle-to-Everything (V2X) market is expected to reach USD 110.3 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing need for real-time traffic and incident alerts for public safety, governments initiatives regarding traffic management, due to increasing environmental concerns, intense competition in the car manufacturing market, need for lower fuel wastage, safer roads, and reduced traffic congestion and rise in the use of electronics in vehicles due to digitalization and connected mobility across the automotive industry.
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Key participants include Continental AG, Aptiv, Qualcomm Inc., Infineon Technologies AG, Arada Systems Inc, Cohda Wireless Pty, Kapsch TrafficCom, Savari Technologies Pvt. Ltd., Denso Corporation, eTrans Systems, Arada Systems, AutoTalks Ltd., Toyota Motor Corporation, Volkswagen AG, Daimler AG, General Motors Company, and BMW Group, among others.
For the purpose of this report, Reports and Data have segmented global Automotive Vehicle-to-Everything (V2X) Market on the basis of Vehicle type, communication type, technology type, application, offering type, propulsion types, and region:
Vehicle type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026)
Commercial
Passenger
Communication type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026)
Vehicle-To-Cloud (V2C)
Vehicle-To-Pedestrian (V2P)
Vehicle-To-Grid (V2G)
Vehicle-To-Infrastructure (V2I)
Vehicle-To-Vehicle (V2V)
Vehicle-To-Device (V2D)
Vehicle-To-Network (V2N)
Vehicle-To-Home (V2H)
Technology type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026)
Dedicated Short Range Communication or DSRC Connectivity (WLAN-based)
Cellular Connectivity (C-V2X)
Others
Offering type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026)
Software
Hardware
Propulsion type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026)
Electric Vehicle (EV)
Internal Combustion Engine (ICE) Vehicle
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Applications Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026)
Automated Driver Assistance
Intelligent Traffic System
Emergency Vehicle Notification
Passenger Information System
Fleet & Asset Management
Parking Management System
Line of Sight
Non-Line of Sight
Predictive Maintenance
Remote Monitoring And Diagnostics
Backing
The automotive industry is classified on the basis of the following regions:
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Further key findings from the report suggest
The passenger vehicle type is going to have the highest growth in the coming years, and commercial vehicles will continue dominating the market for the next few years.
Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, a wireless technology, to witness the highest CAGR of 12.9%. These are based on a Wi-Fi derivative 5.9 GHz dedicated short-range communications, particularly defined for fast-moving objects.
V2X technology allows passenger and commercial vehicles communicate with each other, making driving safer and efficient for everyone. V2X warns the driver of road hazards, reducing the traffic fatalities and injuries along with the understanding and optimization of traffic flow, reducing the traffic congestion, and the transportation impacts on the environment.
The growth of electric vehicles is expected to witness the highest growth during the forecast period, due to the adoption of the technology by many vehicle manufacturers.
North America dominates the market, and is forecasted to grow at a CAGR of 13.4% in the coming years. This is due to the fact that, North America is the hub for a number of manufacturers of V2X technology and aim for better infrastructure, has no budget constraints due to the region's high income, favourable government policies and regulations for an effective transportation system.
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In conclusion, the report Automotive Vehicle-to-Everything (V2X) market is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics and industries to help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure that our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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