Press release
Automotive V2X Market Strategies, Technological Innovation, Trends & Top Players by 2030
Automotive V2X Market
On the contrary, potential of artificial intelligence and 5G along with advancements in cellular-V2X technology and autonomous vehicles would open lucrative opportunities for the market players in the future.
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The global automotive V2X market is segmented on the basis of communication, connectivity, vehicle type, and region. Based on communication, the vehicle-to-infrastructure (V2I) segment is projected to manifest the highest CAGR of 32.8% during the forecast period.
Moreover, the vehicle to vehicle segment held the largest share in 2019, accounting for nearly two-fifths of the market
By vehicle type, the passenger type segment dominated the market in 2019 in terms of revenue, contributing to around 90% of the market. Furthermore, the segment is projected to register the fastest CAGR of 28.9% from 2020 to 2027.
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The global automotive V2X market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to portray the highest CAGR of 32.4% during the forecast period.
However, the market across Europe held the largest share in 2019, contributing to around one-third of the market.
The global automotive V2X market report includes an in-depth analysis of the major market players such as Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, Savari, Inc., STMicroelectronics, Altran, Autotalks Ltd., Continental AG, and HARMAN International.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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