Press release
Automotive V2X Market Poised for Rapid Growth, Expected to Reach USD 12.8 Billion by 2031
Automotive V2X Market
Key Players in This Report Include: Qualcomm (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Technologies (United Kingdom), Autotalks Ltd. (Israel), Infineon Technologies AG (Germany), Harman International Industries, Incorporated (United States), NXP Semiconductors N.V. (Netherlands), Denso Corporation (Japan), Cisco Systems, Inc. (United States). Additionally, other players that are part of this detailed analysis are Cohda Wireless Pty Ltd. (Australia) (Danlaw, Inc.), Huawei Technologies Co., Ltd. (China), TomTom N.V. (Netherlands), AT&T Inc. (United States), Vodafone Group Plc (United Kingdom).
According to HTF Market Intelligence, the global Automotive V2X market is valued at USD 4.8 Billion in 2024 and is estimated to reach a revenue of USD 12.8 Billion by 2031, with a CAGR of 36.5% from 2024 to 2031.
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Definition:
A technology that enables vehicles to communicate with each other (V2V), with infrastructure (V2I), with pedestrians (V2P), and with the network (V2N). V2X communication enhances vehicle safety, improves traffic efficiency, and supports the development of autonomous vehicles by providing real-time information about the vehicle's surroundings.
Market Trends:
Advancements in vehicle-to-everything (V2X) communication technologies, increasing adoption of autonomous vehicles and smart traffic management systems.
Market Drivers:
The rising demand for enhanced road safety and traffic efficiency
The advent of connected and autonomous vehicles
Market Opportunities:
The potential for creating a more efficient and sustainable transportation system
The integration of V2X capabilities opens up avenues for innovative mobility services and business models
Fastest-Growing Region:
Asia-Pacific
Dominating Region:
North America
Market Leaders & Development Strategies:
On 8th January 2024, Danlaw, Inc., a well-known innovator in the Vehicle-to-Everything (V2X) space, is excited to announce that it has acquired Cohda Wireless, an Australian company. Danlaw's worldwide expansion program, which aims to advance connected car safety and smart city solutions, has reached a key milestone with this strategic step. Danlaw's acquisition of Cohda demonstrates the company's dedication to innovation and common goal of making cars, communities, and underground mining activities safer and more interconnected in the future.
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The Global Automotive V2X Market segments and Market Data Break Down are illuminated below:
Automotive V2X Market is Segmented by Offering (Software, Hardware) by Communication (Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Vehicle-to-Pedestrian, Vehicle-to-Grid) by Propulsion (Internal Combustion Engines, Electric Vehicles) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Automotive V2X market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• -To carefully analyze and forecast the size of the Automotive V2X market by value and volume.
• -To estimate the market shares of major segments of the Automotive V2X
• -To showcase the development of the Automotive V2X market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Automotive V2X market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Automotive V2X
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive V2X market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Read Detailed Index of full Research Study: https://www.htfmarketintelligence.com/report/global-automotive-v2x-market
Major highlights from Table of Contents:
Automotive V2X Market Study Coverages:
• It includes major manufacturers, emerging player's growth story, and major business segments of Automotive V2X market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Automotive V2X Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Automotive V2X Market Production by Region Automotive V2X Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Automotive V2X Market Report:
• Automotive V2X Overview, Definition and Classification Market drivers and barriers
• Automotive V2X Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Automotive V2X Market
• Automotive V2X Capacity, Production, Revenue (Value) by Region (2024-2031)
• Automotive V2X Supply (Production), Consumption, Export, Import by Region (2024-2031)
• Automotive V2X Production, Revenue (Value), Price Trend by Type {Software, Hardware}
• Automotive V2X Manufacturers Profiles/Analysis Automotive V2X Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
• How feasible is Automotive V2X market for long-term investment?
• What are influencing factors driving the demand for Automotive V2X near future?
• What is the impact analysis of various factors in the Global Automotive V2X market growth?
• What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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