A comprehensive research report Automotive V2X Market created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Automotive V2X Market The report analyzes the By Communication Type (Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Cloud, Vehicle-To-Grid, Vehicle-To-Pedestrian, Vehicle-To-Device); By Component (Hardware, Software, Services); By Connectivity (Cellular Connectivity, DSRC Connectivity); By Vehicle Type (Passenger, Commercial) The Automotive V2X Market has been analyzed By Region (North America, Europe, Asia Pacific and Rest of the World) and By Country (U.S, Canada, United Kingdom, Germany, China and India) for the historical period of 2015-2016 and the forecast period of 2018 – 2026
The worldwide automotive V2X market is anticipated to reach around USD 33,246 million by 2026 according to a new research published by Polaris Market Research. In 2019, the passenger vehicles segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global automotive V2X market.
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The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the automotive V2X market growth. The adoption of automotive V2X systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. The increasing traffic congestion across the globe, growing environmental concerns, and rising demand for advanced vehicles further accelerate the adoption of automotive V2X systems in the coming years. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive V2X market in the coming years.
The companies operating in this market include Delphi Automotive PLC, Robert Bosch GmbH, NXP Semiconductors, TomTom International B.V., Cisco Systems, Inc., Continental AG, Infineon Technologies, Harman International, Qualcomm, and Cohda Wireless. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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In 2017, Asia-Pacific accounted for the highest share in the global automotive V2X market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive V2X systems in the region. The rising need to efficiently manage traffic flow, and improve road safety has boosted the adoption of V2X technology. The economic growth in countries such as China and India, leading to rising living standards and high disposable income coupled with expansion of global players into these countries to tap market potential boosts the market growth.
Segment Analysis
The global automotive V2X market is segmented on the basis of communication type, vehicle type, component, connectivity, and geography.
- Automotive V2X Market Size and Forecast by Communication Type, 2018-2026
- Key Findings
- Vehicle-To-Vehicle
- Vehicle-To-Infrastructure
- Vehicle-To-Cloud
- Vehicle-To-Grid
- Vehicle-To-Pedestrian
- Vehicle-To-Device
- Others
- Automotive V2X Market Size and Forecast by Vehicle Type, 2018-2026
- Key Findings
- Passenger Vehicles
- Commercial Vehicles
- Automotive V2X Market Size and Forecast by Connectivity, 2018-2026
- Key Findings
- Cellular Connectivity
- DSRC Connectivity
- Automotive V2X Market Size and Forecast by Component, 2018-2026
- Key Findings
- Hardware
- Software
- Services
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
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