Press release
Automotive Vehicle To Everything (V2X) Communications Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Automotive Vehicle To Everything V2X Communications Market
The surge in the need for connected cars will foster the development of the automotive vehicle to everything (V2X) communications market in the future. Cars with internet connectivity and built-in sensors or devices that support communication with other cars, infrastructure, and external systems are known as connected vehicles. The growing popularity of connected vehicles is driven by several components, such as 5G technology, heightened attention to safety, and consumer desire for improved connectivity functions. The automotive vehicle-to-everything (V2X) communication enables these intelligent vehicles to interact and coordinate with each other and their environment, leading to safer, more efficient, and eco-friendly transportation systems. For example, the International Energy Agency (IEA), a France-based independent intergovernmental organization, recorded nearly 14 million new electric cars globally in 2023, as of April 2024. The sale of electric cars in 2023 surged by 3.5 million units compared to 2022, indicating a 35% year-on-year growth. Therefore, the escalating demand for connected cars is fuelling the growth of the automotive vehicle to everything (V2X) communications market.
Get Your Automotive Vehicle To Everything (V2X) Communications Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-vehicle-to-everything-v2x-communications-global-market-report
What growth opportunities are expected to drive the automotive vehicle to everything (v2x) communications market's CAGR through 2034?
The market size for Vehicle-to-Everything (V2X) communications within the automotive industry has significantly increased over the past few years. The market, which is projected to rise from $3.6 billion in 2024 to about $4.48 billion in 2025, anticipates a compound annual growth rate (CAGR) of 24.6%. The growth observed in the historic period is due to factors such as heightened awareness of the benefits of traffic safety, escalating consumer demand for high-end safety features, heightened anxieties over cybersecurity threats, a surge in the necessity for enhanced situational awareness and collision prevention systems, and an increase in investments for research and development.
Over the coming years, substantial growth is anticipated in the market size of vehicle-to-everything (V2X) communications. It's projected to escalate to $10.68 billion by 2029, establishing a compound annual growth rate (CAGR) of 24.2%. The forecasted surge can be credited to factors like heightened demand for connected vehicles, rising industrialization and urbanization, growing requirement for high-end technology, expanding focus on smart cities, and increasing acceptance of intelligent automobiles. The forecast period will witness significant trends like technological progression, fast-paced 5G network deployment, integration with autonomous and connected vehicles, wider application of cellular V2X (C-V2X) technology, and growth in smart city infrastructure.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14647&type=smp
What new trends are reshaping the automotive vehicle to everything (v2x) communications market and its opportunities?
Key players in the market for automotive vehicle-to-everything (V2X) communications are prioritizing the creation of progressive technology solutions, including superior chipsets, to bolster vehicle communication capabilities. Improved connectivity in V2X communications in the automotive sector is achieved by these advanced chipsets, which allow instantaneous data exchanges between vehicles, infrastructures, and road users, thereby augmenting safety and traffic regulation. In a particular development in September 2022, Autotalks Ltd., a semiconductor firm based in Israel, unveiled its TEKTON3 and SECTON3 chipsets. These specialize in sophisticated V2X communications, dramatically enhancing road safety and facilitating autonomous driving capabilities. These third generation chipsets are distinctive in their ability to support both Dedicated Short-Range Communications (DSRC) and 5G Cellular V2X (C-V2X) technologies, guaranteeing they meet both current and upcoming V2X demands. As the first chipsets to receive certification for Functional Safety as per ISO 26262 ASIL B, they are ideally suited for critical automotive applications, including automatic braking.
Which growth-oriented segments of the automotive vehicle to everything (v2x) communications market are leading the industry's development?
The automotive vehicle to everything (V2X) communications market covered in this report is segmented -
1) By Type: Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Pedestrian
2) By Technology: Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet And Asset Management, Parking Management System, Line Of Sight, Non-line Of Sight, Backing, Other Technologies
3) By Application: Road Safety Services, Automatic Parking Systems, Emergency Vehicles, Auto Car Services
Subsegments:
1) By Vehicle-To-Vehicle: Collision Avoidance, Cooperative Driving, Traffic Flow Optimization
2) By Vehicle-To-Infrastructure: Traffic Signal Control, Smart Parking Solutions, Roadside Unit (RSU) Communication, Tolling And Payment Systems
3) By Vehicle-To-Pedestrian: Pedestrian Safety Alerts, Smart Crosswalks, Pedestrian Detection And Communication
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14647
What regions are leading the charge in the automotive vehicle to everything (v2x) communications market?
Europe was the largest region in the automotive vehicle to everything (V2X) communications market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive vehicle to everything (V2X) communications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the automotive vehicle to everything (v2x) communications market?
Major companies operating in the automotive vehicle to everything (V2X) communications market are Volkswagen Group, Toyota Motor Corporation, The Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, AT&T Inc., Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Tesla Inc., Nissan Motor Corporation, Panasonic Holdings Corporation, Cisco Systems Inc., Denso Corporation, Qualcomm Technologies Inc., Continental AG, Volvo Car Corporation, Aptiv PLC, NXP Semiconductors N.V., BorgWarner Inc., Visteon Corporation, Harman International Industries Inc., Mobileye
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14647&type=smp
What Is Covered In The Automotive Vehicle To Everything (V2X) Communications Global Market Report?
• Market Size Forecast: Examine the automotive vehicle to everything (v2x) communications market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive vehicle to everything (v2x) communications market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive vehicle to everything (v2x) communications market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive vehicle to everything (v2x) communications market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive vehicle to everything (v2x) communications market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive vehicle to everything (v2x) communications market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive vehicle to everything (v2x) communications market.
• Competitive Landscape: Review strategic developments in the automotive vehicle to everything (v2x) communications 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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Vehicle To Everything (V2X) Communications Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3903586 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
More Releases for V2X
Automotive V2X Connectivity: Global Market Outlook 2024
"The Business Research Company recently released a comprehensive report on the Global Automotive V2X Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Automotive Cellular V2X (C-V2X) Modules Market 2023 | Futuristic Technology- Hua …
The Automotive Cellular V2X (C-V2X) Modules research report studies primary and secondary research in order to analyze the data effectively. The market study further also draws attention to crucial industry factors such as global clients, potential customers, and sellers, which instigates positive company growth. In order to gauge the turning point of the businesses, significant market key players are also enlisted in order to deliver readers with in-depth analysis about…
The future of V2X Market
V2X, which stands for "Vehicle-to-Everything," refers to the communication between a vehicle and other objects, including other vehicles, pedestrians, infrastructure, and the cloud. V2X technology has the potential to enhance road safety, improve traffic efficiency, and enable new mobility services.
Get a Free Sample Copy of the V2X Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=6821940
The growth of the V2X market is driven by several factors, including the increasing demand for road safety,…
5G V2X Market to Witness Huge Growth by Key Players: V2X Technology, Equipment, …
The 5G V2X report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The 5G V2X research report recognizes and gets fundamental…
5G V2X Market to Witness Huge Growth by Key Players: V2X Technology, Equipment, …
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the 5G V2X industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The 5G V2X market survey report has been prepared by conducting market research in a systematic manner. Moreover, the 5G V2X report includes a professional in-depth study…
Automotive Cellular V2X (C-V2X) Modules Market Size, Share, Industry, Analysis, …
The Global Automotive Cellular V2X (C-V2X) Modules Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis…
