Global Automotive V2X Market Anticipated to Grow at a CAGR of 16.5% from 2022 to 2030 with Dominance of DSRC Segment and High Demand in Passenger Cars

The global Automotive V2X (Vehicle-to-Everything) market is forecasted to showcase significant growth from 2022 to 2030, with a projected CAGR of 16.5%, according to a new report by Dataintelo. This expansion is largely fuelled by the increasing demand for passenger cars and commercial vehicles, with a rising requirement for safety and security features in vehicular technology.

Prominently, the study highlights that the DSRC (Dedicated Short-Range Communications) segment will experience the highest adoption rate globally during the forecast period. This could be attributed to its efficacy in improving road safety and traffic efficiency, which bolsters its adoption across regions.

Moreover, the report predicts that the passenger car segment will comprise a significant share of the global automotive V2X market between 2022 and 2030. This is partly due to the growing trend of smart and intelligent cars that require improved connectivity solutions to provide enhanced passenger comfort and convenience.

The evolution of the automotive V2X market corroborates the ongoing shift in the industry towards creating safer and more secure vehicular technologies, thus facilitating the emergence of autonomous and smart vehicles. Simultaneously, it is strengthening the foundation of a connected transportation system that can significantly change the face of global mobility in the future. Furthermore, the increased focus on DSRC technology validates the industry's commitment to providing more reliable and faster communication solutions for vehicles

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/229647

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The automotive v2x market has been segmented on the basis of𝐓𝐲𝐩𝐞
● DSRC
● Cellular

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Passenger
● Commercial

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Continental AG
● Qualcomm Inc.
● Daimler AG
● Delphi Automotive PLC
● Infineon Technologies AG
● Audi AG
● Intel Corporation
● NXP Semiconductors N.V.
● Tomtom N.V.
● International Business Machines Corporation
● Cisco Systems
● Inc
● AT&T Inc.
● Vodafone Group PLC.
● Robert Bosch GmbH
● Harman International Industries
● Inc.
● Nvidia Corporation
● Mobileye NV
● PTC Inc.
● Autotalks Limited
● Cohda Wireless PTY Ltd



Segment Analysis:

The automotive Vehicle to Everything (V2X) market has been segmented into several classifications including the type, application, and key players. In terms of type, the market has been segmented into Dedicated Short-Range Communications (DSRC) and cellular. DSRC plays a significant role as it enables real-time communication between vehicles, ensuring safety and operational performance. On the other hand, cellular type vehicle to everything technology enables vehicles to communicate with each other through cellular networks, providing seamless wireless connectivity which is essential for autonomous driving.

The application of the automotive v2x market has been segmented mainly into passenger and commercial applications. Passenger vehicles dominate this segment due to the growing demand for enhanced driving experience, increased safety and comfort. Commercial applications, on the other hand, focus more on logistics and fleet management, where efficient vehicle operation and fuel efficiency play pivotal roles. The key players involved in this segment include established firms like Continental AG, Qualcomm Inc., Daimler AG, and emerging players like Autotalks Limited and Cohda Wireless PTY Ltd.

Regional Analysis:

In terms of regions, the automotive V2X market has been segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America, particularly the United States, has been leading this market due to early adoption of new technologies like autonomous driving and advanced vehicle safety systems. Numerous infrastructure development programs in light of DSRC-based V2X technologies along with regulatory support fuels the growth in this region.

On the other hand, Asia Pacific is expected to witness significant growth in the automotive V2X market driven by increasing vehicle production in countries like China, Japan, and South Korea. The rise in demand for advanced car safety features, surge in investment in smart city projects, and the growing interest in autonomous vehicles act as catalysts for the market growth in this region. Europe also represents a crucial market for the automotive V2X, attributed to the profound presence of major automobile manufacturers and rigorous regulations regarding vehicle safety in the region

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/229647

Market Drivers:

1. Rising Safety Concerns: An increase in the number of road accidents worldwide is raising concerns about safety. In response, governments and organizations are promoting the use of V2X technology to improve traffic management and reduce the number of crashes.

2. Infrastructure Development: The development of smart cities and advanced infrastructure supports the growth of the Automotive V2X market. Integrating vehicle connectivity improves road safety and enables better traffic management in smart cities.

3. Increasing Adoption of Connected Cars: The continuous advancements in vehicle technologies and increasing adoption of connected cars are driving the market for automotive V2X. These technologies allow vehicles to communicate with each other and their surroundings for improved road safety and traffic management.

4. Government Initiatives: The initiatives taken by various government bodies across the globe to mandate the installation of V2X technologies in vehicles are also boosting the market growth.

5. Technological Advancements: Continuous technological advancements, like autonomous vehicles and electric vehicles, are creating a need for a more sophisticated infrastructure that includes V2X technology.

Opportunities:

1. High Growth in Developing Countries: Developing nations present significant opportunities due to increasing urbanization, improving infrastructure, and rising disposable income.

2. Autonomous Vehicles: The advent of self-driving or autonomous vehicles presents great opportunities for the V2X market, as these technologies are essential for their operation.

3. Integration with Advanced Driver-Assistance Systems (ADAS): The integration of V2X technology with advanced driver-assistance systems presents a substantial opportunity for its growth, as it provides real-time traffic navigation, collision avoidance, and other safety features.

4. Electric Vehicles: The increasing popularity and production of electric vehicles also offer a significant opportunity for the V2X market. Effective EV functioning requires a robust V2X communication system.

5. Emerging 5G Technology: The emergence of 5G technology can significantly boost the V2X market as it offers faster and more reliable communication between vehicles and infrastructure

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/229647

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