Automotive V2X Market PESTLE Analysis, SWOT Analysis, CAGR 39.8% and Value Chain Study to 2030 | Qualcomm, Inc., TomTom International B.V., Continental AG, HARMAN Internation

Report Ocean releases its latest report on the global Automotive V2X Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Automotive V2X Market.

The global automotive V2X market was estimated at US$ 700.0 million in 2020. The market forecasts to reach US$ 20276 million by 2030 by registering a compound annual growth rate (CAGR) of 39.8% during the forecast period from 2021-2030.

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Factors Influencing

V2X (vehicle-to-everything) is a technology that helps vehicles to communicate with the moving portions of the traffic they pass through. In addition, V2X communication technologies are frequently utilized to avoid crashes and improve safety. V2X technologies are also beneficial in informing drivers about nearby incidents, adverse weather, potentially dangerous activities, and road conditions. As a result of these characteristics of V2X, the worldwide automotive V2X market is growing at a rapid pace.

The growing need for safe automobiles and fully autonomous driving and rising concerns about vehicle pollution are expected to propel the growth of the global automotive V2X market. Furthermore, growing consumer demand for boosting facilities, such as real-time traffic warnings would accelerate the growth of the global market. Apart from that, increasing environmental concerns among the population would grow the market during the analysis period. 

Government measures to enhance the security and safety of the population would significantly boost the growth of the global automotive V2X market during the analysis period. 

On the contrary, expensive installation costs, a lack of cellular coverage in emerging markets, and data security concerns are all expected to slow down the expansion of the global automotive V2X market.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Automotive V2X Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Automotive V2X Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Automotive V2X Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Automotive V2X Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Automotive V2X Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Automotive V2X Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Automotive V2X Market provides insight into the factors influencing its growth. This market study breaks down the Automotive V2X Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Automotive V2X Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Automotive V2X Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Automotive V2X Market are:

Qualcomm, Inc.
TomTom International B.V.
Continental AG
HARMAN International
Infineon Technologies AG
Delphi Automotive LLP
Robert Bosch GmbH
Cisco Systems, Inc.
NXP Semiconductors
Mobileye
Other prominent players

Scope of the Report

The global Automotive V2X Market segmentation focuses on:

By Vehicle Type
Passenger Cars
Commercial Vehicles

By Communication
Vehicle-to-vehicle (V2V)
Vehicle-to-infrastructure (V2I)
Vehicle-to-pedestrian (V2P)
Vehicle-to-grid (V2G)
Vehicle-to-cloud (V2C)
Vehicle-to device (V2D)

By Connectivity
Dedicated Short-range Communication (DSRC)
Cellular-V2X (C-V2X) Communication

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This release was published on openPR.