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Automotive V2X Global Market Size is Expected to Grow to $4.77 Billion at a CAGR of 44.1% By 2027 | Key Players: Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG
Automotive V2X Market
The Business Research Company's Automotive V2X Global Market Report 2023 identifies 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.
The global automotive V2X market size will grow 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 market size of the automotive V2X is expected to grow to $4.77 billion in 2027 at a CAGR of 44.1%.
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Major players in the automotive V2X market are Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc., Robert Bosch, Cohda Wireless, STMicroelectronics, TE Connectivity Ltd., Qorvo Inc., Ford Motor Company, Danlaw Inc., and Amphenol Corporation.
The growing technological advancements such as LTE-V2X technology are a key trend gaining popularity in the automotive V2X market. LTE-V2X technology is an innovative information and communication technology that is used in road transportation systems to allow information to be exchanged between vehicles, humans, networks, and infrastructure.
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The Automotive V2X market is segmented -
1) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line of Sight, Other Technologies
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Connectivity: DSRC, Cellular
4) 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.
The Business Research Company's "Global Automotive V2X Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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