Automotive Vehicle-to-Everything (V2X) Market Revenue Continues to Dominate with CAGR of 7.5% Globally To 2026 | Stratasys, Arcam AB, 3D Systems

The Automotive Vehicle-to-Everything (V2X) Market is expected to grow from USD 6.45 Billion in 2018 to USD 11.85 Billion by 2026, at a CAGR of 7.5%. New and improved technologies, government financial support, large - scale application area, rapid low - cost product development and easy custom product development are the main drivers intended to drive the Automotive Vehicle-to-Everything (V2X) market.

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The report includes the latest coverage of the impact of COVID-19 on the Automotive Vehicle-to-Everything (V2X) industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

The emerging and present key participants in the Automotive Vehicle-to-Everything (V2X) market are:

Stratasys (US), Arcam AB (Sweden), 3D Systems (US), Proto Labs Inc. (US), SLM Solutions (Germany), Materialise (Belgium), ExOne GmbH (Germany), EOS GmbH (Germany), Concept Laser (Germany), Ultimaker (Netherlands) and others.

Profitability scope and Prospects

The key participants who have shown tremendous growth in the Automotive Vehicle-to-Everything (V2X) market have been included in the report. In the report, data from 2016 to 2018, shows that some of the companies have shown enormous sales revenues, with the net revenue being doubled and the profits continually increasing. The profitability of the products being sold by the company indicates the influence and competitive advantage these companies have over the others.

Technology-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)

Multijet Printing (MJP)
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modelling (FDM)
Stereolithography (SLA)
Selective Laser Melting (SLM)
Electronic Beam Melting (EBM)
Laser Metal Deposition (LMD)
Selective Laser Sintering (SLS)
Laminated Object Manufacturing (LOM)
Others

Material-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)

Metal
Polymers
Ceramics
Others

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Application-Type (Units, Thousands: 2016-2026; and Revenue, USD Million: 2016-2026)

Prototyping
Tooling
R&D & Innovation
Manufacturing Complex Parts
Others

 Regional Outlook (Revenue in USD Million; 2016–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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.

-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.

-Automated driver assistance is supposed to be the most demanding applications of the devices during the forecast period, due to the features such as obstacle detection, intersection collision warning, lane departure warning, lane change assistance, road departure warning, rollover warning, rear impact warning, forward collision warning, and safety margin for assistance vehicles, safeguarding the lives of the people on-car and the pedestrians.

-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.
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.

-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, favorable government policies and regulations for an effective transportation system.

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Objectives of the study:

Our panel of expert analysts specializing in the value chain has conducted an exhaustive, industry-wide study to offer readers accurate insights into the future of the Automotive Vehicle-to-Everything (V2X) market and give key market players authentic information derived via both primary and secondary sources of data collection. Additionally, the report also comprises of inputs from our consultants, which can help companies make the most of the available market opportunities. It also offers a detailed breakdown of the sales of Automotive Vehicle-to-Everything (V2X) and the factors that could potentially influence the growth of the industry. The information provided in this report will be able to help readers capitalize on the available growth prospects.

Current scenario of the Automotive Vehicle-to-Everything (V2X) market

The year’s overall performance might not be that encouraging as other market segments like cloud-based and on-premises that have shown modest gains. The growth scenario might change with other companies trying to come up with more ambitious plans. Unlike the past, decent growth and consumption have been observed in the United States, EU, Japan, China, India & Southeast Asia, and many growth opportunities lie ahead for the companies.

About the growth prospects and rising competition

The participants plan to introduce new products and launch them into various markets around the globe, considering the applications/end-uses, such as Small and Medium Enterprises (SMEs) & Large Enterprises. The report also evaluates some latest innovative products that are vital and may be introduced in EMEA markets in the last quarter of 2019 and 2020.

The Automotive Vehicle-to-Everything (V2X) Market report addresses the following questions:

-What is the regulatory framework governing the application of Automotive Vehicle-to-Everything (V2X) in the food industry?

-What is the estimated growth rate of Automotive Vehicle-to-Everything (V2X) for the forecast period from 2020 to 2026?

-Which end-use industry is expected to have the highest demand for Automotive Vehicle-to-Everything (V2X) by the year 2026?

-Which manufacturing processes are utilized for the production of Automotive Vehicle-to-Everything (V2X)?

-Which are the leading regions for Automotive Vehicle-to-Everything (V2X) Market players that are aiming to expand their product portfolio?

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