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The Impact of Automotive V2X Market Size and Share on the Future Growth of Top Companies 2023-2030

04-11-2023 12:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Absolute Reports

Automotive V2X Market

Automotive V2X Market

Market Overview:
V2X (Vehicle-to-Everything) is a wireless technology that allows vehicles to communicate with other vehicles and their surroundings. It incorporates various types of communications like V2V (Vehicle-to-Vehicle) which allows vehicles to communicate with each other and V2I (Vehicle-to-infrastructure) which allows vehicles to communicate with external systems such as buildings, street lights, etc. Other forms of V2X include V2P (Vehicle-to-pedestrian), V2N (Vehicle-to-Network), V2D (vehicle-to-device) and V2G (vehicle-to-grid).Due to the decline in business confidence, the pandemic has negatively affected cars in all markets around the world in 2020, and the growth of autonomous car manufacturers has deviated significantly due to the COVID-19.Due to the blockade announced by governments around the world in the past few months, the demand and supply cycles of many self-driving car manufacturers are fragile. Most car manufacturers are facing the problems faced by most car manufacturers, such as factory shutdowns and labor shortages due to lockdowns, which further affects the production of autonomous vehicles. Global automotive is an evolving industry that has been hampered by the COVID-19, so all types of production and installation in the affected countries have been closed, and the pandemic has disrupted all operations. Due to the restrictions on manufacturers and the announced lock-in measures, suppliers in the global V2X industry are being severely affected, which in turn affects global automated car manufacturers worldwide. The increasing safety requirementsV2X (Vehicle to Everything) is a wireless technology that allows vehicles to communicate with other vehicles and their surroundings. The V2X system shares location and speed data with surrounding vehicles and infrastructure, thereby reducing collisions and accidents. The growing demand for improved road safety, numerous government initiatives, the participation of various automakers, and increasing traffic congestion and pollution are expected to drive the growth of the automotive V2X market. Vehicle-road coordination is difficult to coordinate in developing regions At present, in many developing countries, the level of informatization and intelligence of vehicles and roads is low, which brings greater challenges to vehicle-road coordination. The first is the insufficient penetration rate of in-vehicle V2X terminals. The current in-vehicle V2X terminals are in the early stages of development and the overall penetration rate is low, which restricts the rapid popularization of related services. The coverage of roadside base stations is less than 200 meters, which will cause excessively high costs for later large-scale laying. Secondly, roads in many countries are developing rapidly, but territorial management puts forward higher requirements for information integration. Due to different equipment manufacturers and different operators, road information is scattered and there is a lack of unified standards. In addition, road information distribution lacks a unified entrance, and it is difficult for users to obtain a consistent experience. The rapid growth of urbanization and industrialization is gaining traction The growing demand for less traffic congestion, lower fuel consumption and safer roads has promoted the development of the V2X market. In addition, it promotes the growth of global vehicles to all markets by improving safety and energy-saving awareness. Macroeconomic characteristics, such as the growth of non-refundable income, economic growth, rapid industrialization and urbanization, are also stimulating the market. Increasing automation, the absorption of value chains and technological advancements are many factors that will promote the development of the global V2X market with a high compound annual growth rate in the next few years.

Automotive V2X market reached a value of USD 12827.34 million in 2022. It's expected that the market will achieve USD 123220.16 million by 2028, exhibiting a CAGR of 45.8% during the forecast period.

A thorough understanding of the Electronic Devices sector and its commercial potential is the aim of the market study. The Automotive V2X Market Report has 127 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

Get a Sample PDF of report - https://www.precisionreports.co/enquiry/request-sample/22903685

Market Segmentation:
Leading Players in the Automotive V2X Industry:
Intel Corporation
Autotalks Limited
Robert Bosch GmbH
Cohda Wireless PTY Ltd.
International Business Machines Corporation
Cisco Systems Inc
Qualcomm Inc.
Vodafone Group PLC.
Harman International Industries Inc.
Nvidia Corporation
Tomtom N.V.
Daimler AG
Continental AG
NXP Semiconductors N.V.
Infineon Technologies A

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

Based on Type:
Commercial
Passenge

Based on Application:
Predictive Maintenance
Remote Monitoring and Diagnostics
Parking Management System
Fleet and Asset Management
Passenger Information System
Emergency Vehicle Notification
Intelligent Traffic System
Automated Driver Assistance

Inquire or Share your Questions If any before the Purchasing this Report - https://www.precisionreports.co/enquiry/pre-order-enquiry/22903685

Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the Automotive V2X market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Automotive V2X market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/22903685

Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Organization: Precision Reports
Phone: US: +1 424 253 0807 | UK: +44 203 239 8187
Email: sales@precisionreports.co
Website: https://www.precisionreports.co/

Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

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