Vehicle-to-Everything Market to Witness Huge Growth by Key Players: Robert Bosch, Harman, Continental, NXP, Huawei, Altran

Astute Analytica published a new report on the Vehicle-to-Everything Market. The global markets report analysis of the growth momentum and revenue inflows in this industry, including the impact of COVID-19.

The Vehicle-to-everything (V2X) market is anticipated to witness a major jump in revenue from US$ 3,283.7 Mn in 2021 to US$ 18,877.1 Mn by 2027. The market is estimated to register a compound annual growth rate of 33.8% during the forecast period 2022-2027.

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The market study report presents important factors that positively and negatively affect the growth of this vertical in order to suggest stakeholders in making decisions. In addition, the report offers data on the past, present, and future companies' scenarios. The report also contains key segments and leading players.

The automotive sector is continuously working to develop an integrated approach to a cleaner environment and lower carbon emissions. In order to minimize fuel consumption, automakers are creating more efficient engines and drive trains, and a wide range of sophisticated emissions-control equipment is placing cleaner cars on the road globally.

It is forecast that clear improvements in air quality can notice when more new automobiles with contemporary exhaust emissions performance hit the road. As older, more polluting cars replace the new ones. Thus, this trend will continue to lead to the growth of the automotive sector.

Impact Analysis of COVID-19

The COVID-19 pandemic wreaked havoc on the worldwide automotive industry quickly and severely. Chinese parts shipments halted, large-scale manufacturing disruptions were occurring across Europe, and assembly factories in the United States had to close.

This has put a lot of pressure on a sector already dealing with a worldwide demand downturn due to decreased consumer needs. According to data from the International Organization of Motor Vehicle Manufacturers, the commercial vehicle sector in out of 40 major nations, 17 nations, including Belgium, Canada, Germany, Japan, etc., saw negative growth of 67.5% during the COVID-19 pandemic.

Regional Insights
By Component Segment of the Global V2X Market is further sub-segmented into:
Hardware
Onboard Unit (Connectivity control unit)
Road-side Unit
Software Platform
Services

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By Communication Segment of the Global V2X Market is further sub-segmented into:
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 Segment of the Global V2X Market is further sub-segmented into:
Dedicated short-range communications (DSRC)
Cellular
Hybrid

By Application Segment of the Global V2X Market is further sub-segmented into:
Autonomous Driving (includes Platooning)
Automated driver assistance (ADAS)
Intelligent traffic systems
Emergency vehicle notification
Passenger information system
Fleet & asset management
Parking management system
Line and non-line of sight
Backing
Others

By Vehicle Type Segment of the Global V2X Market is further sub-segmented into:
ICE Vehicle
Electric Vehicles

By Vehicle Application Segment of the Global V2X Market is further sub-segmented into:
Passenger
Commercial
Off-highway

By Region Segment of the Global V2X Market is further sub-segmented into:
North America
The U.S.
Canada
Mexico
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key Players Insights
The key players in the Global V2X Market are Robert Bosch, Harman, Continental, NXP, Huawei, Altran, STMicroelectronics and Infineon among others.

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https://www.barchart.com/story/news/14736377/peripheral-neuropathy-market-2021-business-outlook-with-covid-19-scenario-to-2027
https://www.barchart.com/story/news/14736375/medical-tourism-market-2021-segment-overview-company-profiles-regional-analysis-and-forecast-2027

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This release was published on openPR.