Press release
Global Cellular Vehicle-To-Everything Market Projected to Surpass $3.42 Billion by 2029 with 28.5% Annual Growth
Cellular Vehicle To Everything Market Size
The global upsurge in road mishaps is anticipated to propel the expansion of the cellular vehicle-to-everything market. A road mishap happens when a vehicle strikes another vehicle, an individual, an animal, or a stationary object on a public or private road accessible to public transportation. The escalating number of these accidents can be attributed to numerous contributors like human error, deficient road conditions, and faulty vehicles. Cellular vehicle-to-everything (C-V2X) technology aims to lessen road mishaps through real-time dialogue between vehicles and infrastructure. It enables quick reactions to potential hazards and promotes better road safety by forecasting and counteracting collision risks while enhancing traffic management. For example, as reported by Brake, a UK-based road safety organization in November 2023, there were 1,766 fatalities on the road in 2022, with 1,711 in Britain and 55 in Northern Ireland - which is up by 10% from the previous year. Consequently, the mounting number of road accidents worldwide is prompting the cellular vehicle-to-everything market's growth.
Get Your Cellular Vehicle-To-Everything Market Report Here:
https://www.thebusinessresearchcompany.com/report/cellular-vehicle-to-everything-global-market-report
What is the future CAGR of the cellular vehicle-to-everything market, and how will it impact industry expansion?
Recent years have witnessed a spectacular increase in the market size of cellular vehicle-to-everything (C-V2X). Projections show that the market will expand from $0.94 billion in 2024 to $1.25 billion in 2025, which represents an impressive compound annual growth rate (CAGR) of 32.7%. Factors contributing to this dramatic growth in the historical period include an escalating demand for C-V2X products and services, legislative support, sustained decrease in production and setup costs, a surge in government initiatives geared towards the creation of smart cities, and the mushrooming penetration of smartphones.
The market size for cellular vehicle-to-everything is predicted to experience a massive surge in the coming years, growing to $3.42 billion by 2029, with a compound annual growth rate (CAGR) of 28.5%. The projected growth during this period can be credited to an increase in road accidents worldwide, increasing adoption of autonomous vehicles, heightened demands for safer roads, growing interest in vehicle telematics, and raised awareness about environmental sustainability. Significant trends during the forecast period encompass technological progress, increasing global smart city initiatives, adoption of the standard for road safety systems, incorporation of C-V2X with advanced driver assistance systems (ADAS), and integration of C-V2X technology in automobiles.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14284&type=smp
How are the latest trends influencing the growth of the cellular vehicle-to-everything market?
Key players in the cellular vehicle-to-everything market are collaborating to produce technologically progressive products like the next-gen cellular vehicle-to-everything (C-V2X) module. These devices aim to optimize road safety and alleviate traffic congestion. These next-gen C-V2X modules employ cutting-edge communication technologies designed to foster a safer, more efficient vehicular traffic system. For example, in November 2022, Quectel Wireless Solutions Co. Ltd, a Chinese firm specializing in the design, development, and distribution of cellular communication modules, unveiled the AG18 module. This next-gen C-V2X module uses PC5 direct communications, enabling effective communication between vehicles and their environment, ultimately improving safety and traffic management. The AG18 module supports a myriad of communication types, including vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P), all within the consolidated 5.9GHz intelligent cellular subscription. The module is engineered to function in extreme conditions, delivering excellent ESD (electric discharge) or EMI (electric interference) protection capabilities.
Which key market segments comprise the cellular vehicle-to-everything market and drive its revenue growth?
The cellular vehicle-to-everything market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Communication Type: Vehicle-To-Person (V2P), Vehicle-To-Infrastructure (V2I), Vehicle-To-Network (V2N), Vehicle-To-Vehicle (V2V)
4) By Application: Fleet Management, Autonomous Driving, Collision Avoidance, Intelligent Traffic Systems, Parking Management Systems
Subsegments:
1) By Hardware: Antennas, Communication Modules, Processors, Sensors, Transceivers, Controllers
2) By Software: V2X Communication Software, Data Management Software, Security Software, Network Management Software
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14284
What regions are at the forefront of cellular vehicle-to-everything market expansion?
North America was the largest region in the cellular vehicle-to-everything market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellular vehicle-to-everything market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the cellular vehicle-to-everything market?
Major companies operating in the cellular vehicle-to-everything market are AT&T Inc., Robert Bosch GmbH, Huawei Technologies co. Ltd., Audi AG, Intel Corporation, Daimler Truck AG, Qualcomm Technologies Inc., NTT DOCOMO Inc., Continental AG, Nvidia Corporation, Nokia Corporation, ZTE Corporation, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors, Keysight Technologies, Harman International Industries Inc., Rohde & Schwarz GmbH & Co. KG, Quectel Wireless Solutions Co. Ltd., TomTom International BV, Autotalks Ltd., Commsignia Ltd., Savari Inc., Ficosa International SA, Cohda Wireless Pty Ltd., Shenzhen Genvict Technologies Co. Ltd., Quectel wireless co. Ltd., Unex Technology Corp., MediaTek Inc., Reliance Jio Infocomm Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14284&type=smp
What Is Covered In The Cellular Vehicle-To-Everything Global Market Report?
• Market Size Forecast: Examine the cellular vehicle-to-everything market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cellular vehicle-to-everything market for a structured understanding.
• Key Players Overview: Analyze major players in the cellular vehicle-to-everything market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cellular vehicle-to-everything market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cellular vehicle-to-everything market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cellular vehicle-to-everything market.
• Industry Challenges: Identify potential risks and obstacles affecting the cellular vehicle-to-everything market.
• Competitive Landscape: Review strategic developments in the cellular vehicle-to-everything 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 Global Cellular Vehicle-To-Everything Market Projected to Surpass $3.42 Billion by 2029 with 28.5% Annual Growth here
News-ID: 3906100 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
