Global Automotive V2X Market Share to Reach $10.76 Billion by 2029, Growing at 47.5% CAGR

What market dynamics are playing a key role in accelerating the growth of the automotive v2x market?
The surge in the requirement for completely self-driving vehicles is projected to drive the expansion of the automotive V2X market in the ensuing years. Autonomous vehicles are characterized as self-operating vehicles that function without human involvement or require minimal human interference. V2X provides a benefit in automated vehicles as it conveys information about items that other sensors fail to identify. Further, it can enhance traffic effectiveness by providing data about traffic signals. For example, a report by the Insurance Institute for Highway Safety, a non-profit organization based in the US, projected in December 2022 that there would be around 3.5 million self-driving cars on American streets by 2025. Additionally, by 2030, there are expected to be 4.5 million such vehicles. Therefore, the escalating demand for fully automated vehicles is propelling the growth of the automotive V2X market.

Get Your Automotive V2X Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-v2x-global-market-report

How will the growth rate of the automotive v2x market shape industry trends by 2034?
In the past few years, the size of the V2X market in the automotive industry has seen a notable level of growth. The market, which is worth $1.59 billion in 2024, is projected to rise to $2.28 billion by 2025, reflecting a compound annual growth rate (CAGR) of 43.3%. This upward trend during the historic period is linked to robust economic expansion in the emerging markets, along with a rise in investments directed at smart cities, an increase in cases of vehicle theft, and growing interest in autonomous mobility.

The V2X automotive sector is predicted to undergo a significant spike in growth in the coming years, projected to reach a market size of $10.76 billion by 2029 through a compound annual growth rate (CAGR) of 47.5%. This promising projection can be associated with a number of key factors, including fast-paced urbanization, enhanced safety mechanisms within vehicles, a booming automotive industry, and an increased demand for electric vehicles (EVs). Notable future trends consist of an emphasis on state-of-the-art vehicle-to-everything (V2X) connectivity solutions that promise customers dependable products while also fortifying market reputation; concentration on cutting-edge C-V2X technology pilot projects and technological advancement; the utilization of 5G technology in the automotive V2X field; a focus on partnerships and collaborations; a growing inclination towards adopting cellular V2X to augment vehicle safety; and the integration of Artificial Intelligence (AI) technology.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5429&type=smp

What trends are poised to drive the future success of the automotive v2x market?
The rise of technological advancements such as LTE-V2X technology is a notable trend making waves in the automotive V2X market. This innovative information and communication technology is employed in road transportation systems to facilitate the exchange of information between vehicles, persons, networks, and structures. To bolster their standing, key businesses in the automotive V2X sector are concentrating on the development of LTE-V2X technology. For example, Cohda Wireless, an Australian company specializing in safe vehicle and connected vehicle design solutions and services, introduced the MK6 Road-Side Unit (RSU) in September 2022 to boost communication technology in connected vehicles. The MK6 RSU is a versatile vehicle-to-everything connectivity tool designed to support the spread of connected cars on highly intelligent roads and highways globally. It boasts a range of communication features, including DSRC, C-V2X, LTE/5G, Wi-Fi/Bluetooth, and offers users the dependability, flexibility, and interoperability needed to launch deployments in any part of the world.

Which primary segments of the automotive v2x market are driving growth and industry transformations?
The automotive V2X market covered in this report is segmented -

1) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line Of Sight, Others
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Connectivity: Direct Short-Range Communications (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)

Subsegments:
1) By Passenger Cars: Sedans, Hatchbacks, SUVs (Sport Utility Vehicles), Coupes, Convertibles
2) By Commercial Vehicles: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Buses And Coaches, Trucks, Vans

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5429

Which geographical regions are pioneering growth in the automotive v2x market?
North America was the largest region in the automotive V2X market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive v2x market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the automotive v2x market landscape?
Major companies operating in the automotive V2X market include Robert Bosch GmbH, NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Lear Corporation, Continental AG, Qualcomm Technologies, Inc., LG Electronics, Aptiv PLC, Autotalks Ltd., Infineon Technologies AG, STMicroelectronics, Renesas Electronics, Aisin Automotive, Jost India, Mando Automotive India Pvt. Ltd, Automotive Axles Ltd, Denso India Pvt Ltd, Volvo Cars, Audi AG, Fibocom, Mercedes, Cohda Wireless, BMW Group, Delphi Technologies, Avtovaz, Avtotor, Kamaz, Sreda Ltd., Fort Telecom, Savari Inc., Harman International, Ford Motor Company, Verizon Communications, AT&T Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5429&type=smp

What Is Covered In The Automotive V2X Global Market Report?

•Market Size Forecast: Examine the automotive v2x market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive v2x market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive v2x market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive v2x market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive v2x market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive v2x market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive v2x market.
•Competitive Landscape: Review strategic developments in the automotive v2x market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.