Automotive V2X Market Size, Growth Drivers, Regional Outlook And Forecast 2020-2027
The global automotive V2X market was valued at $2,565.6 million in 2019, and is projected to reach $11,718.7 million by 2027, registering a CAGR of 28.4%.
Browse Full Report with TOC @
Europe dominates the market in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. U.S. led the global automotive V2X market share in 2019, and is expected to grow at a significant rate during the forecast period, due to increase in penetration connected vehicles and technological shifts in the automotive industry across the country.
Vehicle-to-everything (V2X) is a communication technology that allows a vehicle to communicate with other vehicles, road users, and infrastructure. The major purpose of V2X technology is to improve road safety, energy savings, and traffic efficiency on roads. Integration of high-end technologies in vehicles such as navigation, on-road assistance, remote diagnostics, eCall & SOS assistance, autopilot, and connected parking, and surge in usage of connecting technology are anticipated to create a requirement for automotive V2X market in the upcoming years.
To Get Discount, Make Purchase Inquiry @
North America & Europe are leading consumers of the automotive V2X technology, and are expected to maintain this trend during the forecast period. China is growing at a significant rate, owing to changing perspective of the end user toward connected technology in the automotive sector.
The growth of the global automotive V2X market is majorly attributed to rise in adoption of connected cars and rapid increase in urbanization & industrialization. Partnerships, collaborations, and product development are the key strategies adopted by major players operating in the global automotive V2X market. However, high cost of implementation and security concerns related to data communication hinder the market growth. Conversely, future potential of 5G & AI technology coupled with the advancement in cellular-V2X (C-V2X) technology and developments in semi-autonomous & autonomous vehicles are expected to offer remunerative opportunities for the expansion of the global market during the forecast period.
Request for Customization of this report at
Key Findings Of The Study
By communication, the vehicle-to-infrastructure (V2I) segment is expected to register significant growth during the forecast period.
On the basis of connectivity, the cellular-V2X (C-V2X) communication segment is projected to lead the global market in terms of market share by the end of forecast period.
Depending on vehicle type, the passenger cars segment is expected to register significant CAGR during the forecast period.
Europe dominated the market in 2019, however, Asia-Pacific is expected to acquire the leading market position in the near future.
The key players profiled in the report are Altran, Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, Savari, Inc., and STMicroelectronics.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive V2X Market Size, Growth Drivers, Regional Outlook And Forecast 2020-2027 here
News-ID: 2393761 • Views: 134
More Releases from Allied Market Research
Metacycline Market Is Expected To Witness Lucrative Growth Over The Forecast Per …
According to a new report published by Allied Market Research, titled, "Metacycline Market by Therapeutics (Chronic Bronchitis, Rickettsial Infections, Pneumonia, Trench Fever, Typhus, Q Fever, Sinusitis, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027" The report has offered an all-inclusive analysis of the global Metacycline Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the
Medical Ultrasonic Baths Market Insights 2021: Top Impacting Factors, Growth Ana …
According to a new report published by Allied Market Research, titled, "Medical Ultrasonic Baths Market by Product (Single Functional and Multi-functional) and by End Users (Hospitals, Other Healthcare Organization, and Individual and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027" The report has offered an all-inclusive analysis of the global Medical Ultrasonic Baths Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment
Mini LED Display Market Growing at a CAGR of 91.10% From 2020 to 2027
Allied Market Research published a report, titled, "Mini LED Display Market by Application (Automotive Display, Television, Smartphones, Notebook/Laptop, and Others) and End User (Consumer Electronics, Automotive, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027". The report provides an extensive analysis of changing market trends, competitive landscape, key segments, top investment pockets, and investment feasibility. These information, data, and statistics will prove to be valuable for leading market players, stakeholders,
Elevator and Escalator Market Size, Growth Analysis, Opportunities, Top Manufact …
Allied Market Research published a new report, titled, "Elevator and Escalator Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. As increasing construction of
More Releases for V2X
Automotive V2X Communication Market: Competitive Dynamics & Global Outlook 2020- …
Global Info Research offers a latest published report on Automotive V2X Communication Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Automotive V2X Communication Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report TOC, figure
C-V2x Test Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the C-V2x Test analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “C-V2x Test 2020-2025” Research Report categorizes the global C-V2x Test by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities
V2X Communication Module Market : Industry Size, Share, Growth, Forecasts 2026
The Report V2X Communication Module Market Insights, Forecast to 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz Vehicle-to-passenger (V2P) and vehicle-to-vehicle (V2V) communication through a wireless medium, and collectively known as V2X Communication. This sensor is designed to sense the vehicle’s surroundings to prevent collisions, warn potential hazards, ensure operator safety, and prevent traffic congestion. This sensor uses a wireless technology
Automotive V2X Market – Current Trends, Opportunities & Challenges by 2025
“The Latest Research Report Automotive V2X Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz” Vehicle to everything (V2X) is a technology that helps increase road safety by means of advanced technological improvements in automotive electronics. V2X is based on the concept of intelligent transport system (ITS) and helps
V2X Communication Module Market: Lucrative Opportunities across Globe
Vehicle-to-passenger (V2P) and vehicle-to-vehicle (V2V) communication through a wireless medium, and collectively known as V2X Communication. This sensor is designed to sense the vehicle’s surroundings to prevent collisions, warn potential hazards, ensure operator safety, and prevent traffic congestion. This sensor uses a wireless technology aimed at increasing road safety and improve traffic management and adequate to reduce environmental impact. This sensor is integrated with a processor and a RF transceiver
Automotive Vehicle-to-everything (V2X) Market Current Outlook by 2025
Global Automotive Vehicle-to-everything Market: Overview A number of studies continue to surface on a regular basis that advocate the increased adoption of connectivity in vehicles as a way of making vehicles more effective on fronts such as safety and security, fuel economy, better on-road performance, and the added benefit of preventing accidents. The rising awareness among consumers about these benefits of adding connectivity measures in vehicles along with the rising willingness