V2X Market Size, Share, Growth Forecast to 2023: Robert Bosch, American Axle, ZF Friedrichshafen, Schaeffler Technologies

V2X Market Analysis 2018 to 2023 Report explores Global V2X Market Size, Share, Growth, and Opportunity Forecast to 2023. Report analyzes Global V2X Market Information Report by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), and Propulsion Type (ICE and EV) and by Regions.

Electric Axle Drive Systems Market Major Companies:

Robert Bosch GmbH (Germany), American Axle & Manufacturing Holdings, Inc.(U.S.), ZF Friedrichshafen AG (Germany), GKN Plc (U.K.), Magna International Inc. (Canada), Schaeffler Technologies AG & Co. KG (Germany), Continental AG (Germany), Bonfiglioli Riduttori S.P.A. (Italy), Borgwarner Inc. (U.S.) and Ziehl Abegg SE (Germany). Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/5513

Electric Axle Drive Systems Market Summary:

The use of V2X technology is rapidly increasing in the automotive industry. V2X offers automobile manufacturers with a cost-effective and versatile form of wireless connectivity. Automotive V2X enables features such as enhanced safety features, in-car real-time data and is now included as standard equipment on millions of new cars and commercial vehicles.

The V2X market is driven by various factors such as the growing demand for connectivity features in cars and the ability to carry out vehicle diagnostics. However, the coverage and range limitation of V2X coupled with its slow data transfer is a major restraint in the market. Poor security offered by V2X technology, also acts as a hindrance to the widespread implementation of V2X.

The global V2X market has been segmented by Communication Type as V2C, V2D, V2G, V2P, V2V and V2I. By component type, the market has been segmented as Hardware and Software. By propulsion type, the market has been segmented as ICE and EV. By region, the market for V2X has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global V2X Market Research Report - Forecast to 2023”.

V2X is completely dependent on the automotive industry. Thus, the increase or decrease in demand for the automobiles directly has an impact on the market for V2X and other automotive driver assistance systems. The total four wheeler production for the year 2015 was approximately 90 million units, and it is expected to witness further growth and reach more than 100 million units by the year 2020.

This becomes a primary factor driving the V2X market, as the interiors of the automobiles have gained prevalence in recent times with numerous technological developments and rapidly increasing disposable income among the consumers. Thus, the growth of the V2X market is expected to go hand in hand with the automotive industry.

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The growth of the Asia Pacific region can be attributed to the adoption of passenger cars and therefore, the increase in adoption of V2X in the passenger cars. The recent shift in the preference for mileage to vehicle looks and features is also expected to result in the high demand for V2X. The global V2X market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.

The key players of the global V2X market are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), Denso (Japan) and Delphi Automotive (U.K.). In 2016, these companies accounted for a share of XX% of the global market.

Rest of the World covers Latin America and the Middle East and Africa. The Middle East & Africa has an emerging market, owing to the increase in adoption of passenger cars in this region. Latin America is one of the emerging regions in the V2X market. Countries such as Brazil are significantly contributing in the growth of the market owing to the government initiatives, which are pushing for rapid development of the automotive components industry.

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