Press release
Automotive V2X Market Top Key Players- Spirent, Allion Labs, Qualcomm, Continental Automotive, Nordsys Technologies, LitePoint, Sanjole Inc., Keysight Technologies, NXP Semiconductors, Altran, Autotalks Limited
The vehicle industry has worked with regulatory organizations to standardize V2X communication. The goal is for all participants to be able to manage interoperability between automobile manufacturers and road systems so that standardized communications may be achieved. Most authorities consider V2X technology to be a critical component in reducing traffic fatalities.
As a result, they're urging the sector to speed up the use of the technology. V2X (Vehicle to Everything) is a linked vehicle system that allows data to be exchanged from a vehicle to moving parts of the transportation network that may have an affect on the vehicle.
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GLOBAL AUTOMOTIVE V2X MARKET DYNAMICS
Drivers can acquire important information such as weather patterns, local accidents, traffic conditions, road work warnings, emergency responders approaching, and the activities of other drivers on the same route when V2X modules are designed with normal autos.
Vehicles equipped with V2X systems may be able to send more information to the car's existing guidance system. The technologies also enable self-driving cars to monitor their surroundings and make snap decisions based on the data they acquire.
Increased use of connected automobiles, as well as expanding urbanisation and industrialization, are expected to drive market growth. However, expansion is hampered by the expensive cost of installation and security concerns surrounding data transit.
On the other hand, the future potential of 5G and AI technology, as well as breakthroughs in cellular-V2X (C-V2X) technology and advancements in semi-autonomous or autonomous cars, is expected to present lucrative opportunities.
GLOBAL AUTOMOTIVE V2X MARKET SEGMENTATION
The Global Automotive V2X Market can be segmented into following categories for further analysis.
By Application
• Passenger Cars
• Commercial Cars
• Industrial Vehicles
By Product Type
• DSRC - Dedicated Short Range Communication
• Cellular V2X ( C - V2X ) Communication
By Architecture Type
• V2P
• V2V
• V2I
• V2G
• V2C
• V2D
By Regional Classification
• Asia Pacific Region - APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region
RECENT TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE V2X MARKET
Automobiles are becoming more complex as well, with technology that requires less human intervention. Consumers will benefit from faster, greener travels with low-carbon energy as a result of the adaptive cruise control and detectors.
However, because an automobile must link with an entity that is equipped with V2X technology and the capacity for the vehicle to communicate with that object, the benefits of V2X technology will take some time to be realised.
AUTOMOTIVE V2X MARKET COMPETITIVE LANDSCAPE
Automobile operating systems now handle everything from entertainment to autonomous driving, making them far more sophisticated and less reliant on conscious interaction. As a result of the profusion of sensors and onboard connectivity, vehicle users will benefit from safer, cleaner, and considerably more cost-effective travels, while vehicle manufacturers, technology companies, and telecoms providers will face an entirely new market to compete in.
It's the umbrella term for the vehicle's communications network, which lays the framework for completely autonomous operation by transporting data from sensors and other resources through high-bandwidth, low-latency, high-reliability channels.
AUTOMOTIVE V2X MARKET COMPANIES PROFILED
• Spirent
• Allion Labs
• Qualcomm
• Continental Automotive
• Nordsys Technologies
• LitePoint
• Sanjole Inc.
• Keysight Technologies
• NXP Semiconductors
• Altran
• Autotalks Limited
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We envision the future of mobility every single day, following mobility domains is not just our profession rather it's our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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