Driving the Future : Automotive V2X Market Accelerates Towards a Projected $11.72 Billion Valuation by 2027

According to a report published by Allied Market Research, the global automotive V2X market size is registered to reach $11,718.7 million with a considerable CAGR from 2020 to 2027. The Asia-Pacific region is expected to witness the fastest growth rate during the forecasted period. Factors such as the surge in adoption of connected cars and rise in urbanization & industrialization are driving the market growth to a great extent.

🔰𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/A07120

Vehicle-to-Everything (V2X) communication is a technology that enables vehicles to communicate with various entities in their vicinity. This includes vehicle-to-vehicle (V2V), vehicle-infrastructure (V2I), vehicle-to-pedestrian (V2P), and more. V2X aims to enhance road safety, optimize traffic flow, and enable advanced driver assistance systems by allowing vehicles to exchange information in real time. This connectivity contributes to the development of smart and safer transportation systems.

With this drift on board, technological advances in automotive V2X have evolved to create a robust and interconnected ecosystem. Here are some key technological aspects in detail -

𝐓𝐡𝐞 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐨 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

By communication, the vehicle to vehicle segment accounted for the largest market share, contributing to nearly two-fifths of the global automotive V2X market in 2019, and will continue its lead position during the forecast period. This is due to changing infrastructural requirement for the connected cars. On the other hand, the Vehicle-to-Infrastructure (V2I) segment is expected to register the largest CAGR of 32.8% from 2020 to 2027. This is due to its ability to access the advisories from the infrastructure to the automotive which transfer the information regarding the mobility management, driver safety, and environmental conditions.

𝐄𝐮𝐫𝐨𝐩𝐞, 𝐟𝐨𝐥𝐥𝐨𝐰𝐞𝐝 𝐛𝐲 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚, 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐛𝐲 𝟐𝟎𝟐𝟕

By region, Europe, followed by North America, contributed to the highest market share in 2019, accounting for around one- third of the global automotive V2X market, and will maintain its leadership status by 2027. This is attributed to increasing penetration in digital technologies in this province.

However, Asia-Pacific is expected to witness the highest CAGR of 32.4% during the forecast period, owing to increasing number of connected cars in the region.

𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 -

DSRC (𝐃𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐒𝐡𝐨𝐫𝐭-𝐑𝐚𝐧𝐠𝐞 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) - this was one of the early standards for V2X, operating in the 5.9 GHz spectrum. It enables low-latency communication between vehicles and infrastructure.

C-V2X (𝐂𝐞𝐥𝐥𝐮𝐥𝐚𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞-𝐭𝐨-𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠) - leveraging cellular networks, C-V2X provides both direct communication between vehicles and a connection to the broader cellular infrastructure. It operates in both 4G LTE and 5G networks, offering increased flexibility and scalability.

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐬𝐞𝐧𝐬𝐨𝐫𝐬 𝐚𝐧𝐝 𝐫𝐚𝐝𝐚𝐫𝐬 -

V2X systems utilize advanced sensors, such as LiDAR, radar, and cameras, to gather real time data about the vehicle's surroundings. These sensors contribute to the accuracy of information shared through V2X communication, enhancing safety features like collision avoidance.

𝐄𝐝𝐠𝐞 𝐜𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 -

Edge computing is increasingly integrated into V2X systems to process data closer to the source (vehicles or infrastructure) rather than relying solely on centralized cloud processing. This reduces latency, allowing for quicker response times in critical situations.

🔰𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 - https://www.alliedmarketresearch.com/automotive-v2x-market/purchase-options

𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐬 -

As V2X systems involve the exchange of sensitive information, robust cybersecurity measures are essential to prevent unauthorized access and potential malicious attacks. Encryption, secure key management, and continuous monitoring are critical components of V2X security.

𝐎𝐯𝐞𝐫-𝐭𝐡𝐞-𝐀𝐢𝐫 (𝐎𝐓𝐀) 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 -

V2X systems are designed to support OTA updates, allowing manufacturers to deploy software patches, security updates, and new features without requiring physical recalls. This ensures that the V2X ecosystem remains up-to-date and resilient against emerging threats.

🔰𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A07120

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

Infineon Technologies AG
NXP Semiconductors
Qualcomm Technologies, Inc.
Robert Bosch GmbH
Savari, Inc.
STMicroelectronics
Altran
Autotalks Ltd.
Continental AG
HARMAN International

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/automotive-telematics-market - Automotive Telematics Market Size, Share, Competitive Landscape and Trend Analysis Report by Channel (OEM and Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Car, and Two-Wheeler), Application (Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, V2X, and Others), and Connectivity Solution (Embedded, Integrated Smartphones, and Tethered): Global Opportunity Analysis and Industry Forecast, 2019-2026

https://www.alliedmarketresearch.com/automotive-RADAR-market - Automotive RADAR Market Size, Share, Competitive Landscape and Trend Analysis Report by Application (Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assist and Other ADAS Applications), Frequency (24 GHz, 77 GHz and 79 GHz), Range (Long Range RADAR (LRR) and Short and Medium Range RADAR (S&MRR)), and Vehicle Type (Passenger Car and Commercial Vehicles) Global Opportunity Analysis and Industry Forecast, 2021-2028

https://www.alliedmarketresearch.com/automotive-ecall-market-A07113 - Automotive ECall Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Basic, Smart) and by Product (Single-channel, Dual-channel, Rearview): Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/luxury-autonomous-vehicle-market-A08915 - Luxury Autonomous Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report by Component (Hardware, Software, Service), by Level of automation (Level 3, Level 4, Level 5), by Sensor type (Biometric sensors, Radar sensors, LiDAR sensors, Ultrasonic sensors), by End user (Car sharing, Personal mobility) and by Vehicle type (Passenger vehicle, Commercial vehicle, Electric vehicle): Global Opportunity Analysis and Industry Forecast, 2023-2032

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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