Press release
Automotive V2X Market Growth, Business Opportunities, Share Value, Key Insights and Size Estimation by 2031
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Automotive V2X is a technology that enables vehicles to communicate with each other, as well as with other roadside infrastructure, in order to exchange information and improve safety. V2X can be used for a variety of applications such as cooperative braking, adaptive cruise control, and route planning. By sharing data, V2X-equipped vehicles can avoid collisions, reduce traffic congestion, and improve fuel efficiency.
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Key Trends
One of the key trends in Automotive V2X technology is the development of dedicated short-range communication (DSRC) systems. DSRC systems use radio frequencies to communicate between vehicles and roadside infrastructures, such as traffic lights and road signs.
Another key trend is the development of vehicle-to-vehicle (V2V) communication systems. These systems allow vehicles to communicate with each other, exchanging information about their speed, location, and other data.
Finally, another key trend is the development of vehicle-to-infrastructure (V2I) communication systems. These systems allow vehicles to communicate with roadside infrastructures, such as traffic lights and road signs.
Key Drivers
The automotive industry is undergoing a major transformation, driven by advances in technology, changing consumer preferences, and stricter environmental regulations.
V2X (vehicle-to-everything) technology is a key enabler of these trends and is expected to play a major role in the future of the automotive industry. V2X technology allows vehicles to communicate with each other and with infrastructures, such as traffic lights and road signs.
This communication can be used for a variety of applications, such as providing real-time traffic information, improving safety, and reducing congestion.
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Market Segments
The automotive V2X market is segmented by offering, propulsion, type, and region. By offering, the market is classified into hardware and software. Based on propulsion, it is bifurcated into ICE and EV. On the basis of type, it is divided into passenger vehicles and commercial vehicles. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global automotive V2X market includes players such as Altran, Autotalks Ltd., Continental AG, Harman International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc., Robert Bosch GmbH, Savari Inc, STMicroelectronics, and others.
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