V2X Communication Market Global Industry Analysis 2018 To 2023: By Size, Share, Key Players, Trends, and Regional Forecast

Vehicle-to-everything (V2X) Communication Market Research Report 2018 of 100 pages expands comprehensive information on V2X Communication Market by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), and Propulsion Type (ICE and EV) and by Regions with Global Forecast To 2023. Report studies V2X Communication Market key players, providing a six-year annual trend analysis that highlights market size, volume, sales, growth, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).

V2X Communication Market Overview:

The V2X Communication Market has witnessed significant growth in recent times mainly due to the advent of advanced technology in vehicles as advanced driver assistance systems. Rapidly rising safety concerns among individuals and increased emphasis by the insurance companies, the market for V2X is expected to register high growth rate. Increasing demand for vehicles and the corresponding increasing production is expected to have significant contribution in the V2X Communication Market.

Rapidly developing infrastructure across the globe to accommodate the changing tide in the automotive industry, will have a positive impact on the V2X Communication Market. Additionally increasing demand for real-time traffic data and development of connected vehicles, are expected to raise the demand of the market further. With government authorities formulating policies to encourage major automotive manufacturers to push for technological development, the market for V2X is poised for rapid growth during the forecast period.

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V2X Communication Key Companies Analyzed In Report are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), and Delphi Automotive (U.K.).

V2X Communication Market Segmentation:

The global V2X Communication 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.

V2X Communication Market Regional Analysis:

The V2X Communication Market is currently booming in the Asia Pacific region. Rapidly rising vehicle production in this region is one of the primary driving factors. Improving infrastructure in this region combined with improving living standards have positively impacted the automotive industry as a whole. Increasing incidence of vehicle electrification in the Asia Pacific region is also expected to impact the V2X Communication Market positively. Availability of cheap labor in Asia Pacific has also been a critical factor in the V2X Communication Market. Additionally rapidly growing automotive infrastructure in this region is expected to lay the groundwork for the rapid development of the automotive sector.

North America and Europe are the two other leading regions, mainly, due to the established automotive industry. The existence of major manufacturers in this region, is also a key driver for the V2X industry. Massive investment in research and development enables manufacturers in this region to develop new techniques and products to tap capitalizing on the future market trends. The automotive industry in the Middle East and South America is at a nascent stage. The market for V2X is expected to have steady growth during the forecast period. These regions are expected to be lucrative in the future with many automotive manufacturers pumping investments to capitalize on the sufficient demand in these regions.

Intended Audience:

Distributor & Supplier companies

End Users

Consultants and Investment bankers

Government as well as Independent Regulatory Authorities

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