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Automotive V2X Market 2023 - Increasing Demand, Future Investment Initiatives, Business Strategies And Forecast To 2032
Automotive V2X Market
Automotive V2X Market Size, Growth Rate, And Forecast
The global automotive V2X market size grew from $0.77 billion in 2022 to $1.1 billion in 2023 at a compound annual growth rate (CAGR) of 43.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive V2X market size is expected to grow to $4.77 billion in 2027 at a CAGR of 44.1%.
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Automotive V2X Market Drivers
The increase in demand for fully autonomous vehicles is expected to propel the growth of the automotive V2X market in the coming years. Autonomous vehicles are defined as self-driving vehicles that move without any human intervention or require very little human intervention.
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Automotive V2X Market Segments
• By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line of Sight, Other Technologies
• By Vehicle Type: Passenger Cars, Commercial Vehicles
• By Connectivity: DSRC, Cellular
• 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 Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive V2X market.
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Automotive V2X Market Key Players
Major competitors in the Automotive V2X market include Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, NXP Semiconductors.
The Business Research Company's "Global Automotive V2X Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive V2X Market Include:
1. Executive Summary
2. Automotive V2X Market Characteristics
3. Automotive V2X Market Trends And Strategies
4. Automotive V2X Market - Macro Economic Scenario
5. Automotive V2X Market Size And Growth
......................
26. Africa Automotive V2X Market
27. Automotive V2X Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive V2X Market
29. Automotive V2X Market Future Outlook and Potential Analysis
30. Appendix
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