The global automotive vehicle-to-everything (V2X) market is expected to
reach USD 26.72 billion by 2025 according to a new report by Grand View
Research, Inc. The automotive industry is undergoing a series of transition,
the industry moving towards digitalization and connected mobility. There has
been a significant rise in the use of electronics in the vehicles. The vehicles
today have shifted from being a conventional vehicle to intelligent vehicles
and are equipped with communication systems that alert or assist the driver
from a potential accident. Moreover, the rising consumer demand for convenience
features has enforced various OEMs to incorporate V2X communication systems.
The implementation of the of V2X communication will not only increase the safety
aspect but will also provide enhanced driving experience.
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Automotive Vehicle-to-Everything (V2X) market by region, 2014-2025 (USD
Million)
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There are numerous benefits for implementation of V2X communication
systems, however they are surrounded by challenges. The main challenge for
automotive V2X market to grow is significantly is the need for robust legal
framework. Another important challenge is built a secure system which ensures
privacy, authenticity and security for all types of V2X communication.
In depth research report on Automotive Vehicle-to-Everything (V2X) Market
Further key findings from the report suggest:
·
Increasing concerns towards environment and growing
electric vehicles market will provide wide growth opportunities for V2H, V2G
and V2I communication type market
·
With the automotive industry moving towards connected cars
and autonomous driving, there will arise concerns about how is data security,
anonymity and privacy maintained.
·
Synchronized real-time data will be a key factor in
determining the growth for the automotive V2X market.
·
The automotive V2X market is anticipated to grow at a CAGR
of over 25.4% from 2016 to 2024.
·
Major players of the automotive V2X market are Continental
AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V.,
Cisco Systems Inc., and Infineon Technologies AG, among others.
·
The automotive industry has numerous technology giants who
are investing heavily in the automotive V2X market in order to gain the first
movers advantage.
Grand View Research has segmented the market on the basis of
communication type, connectivity type, vehicle type, and region:
Automotive V2X
Communication Type Outlook (Revenue, USD Million; 2014 - 2025)
·
Vehicle-To-Vehicle (V2V)
·
Vehicle-To-Infrastructure (V2I)
·
Vehicle-To-Pedestrian (V2P)
·
Vehicle-To-Home (V2H)
·
Vehicle-To-Grid (V2G)
·
Vehicle-To-Network (V2N)
Automotive V2X
Connectivity Type outlook (Revenue, USD Million; 2014 - 2025)
·
DSRC
·
Cellular Connectivity & Others
Automotive V2X Vehicle
Type outlook (Revenue, USD Million; 2014 - 2025)
·
Passenger Cars
·
Commercial vehicles
Automotive V2X Regional
outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
Japan
·
South America
o
Brazil
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
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