Automotive V2X Global Market 2023 - By Growth Factors, Trends, Insights, And Competition Forecast To 2032
The Automotive V2X Global Market Report 2023 by The Business Research Company, provides automotive v2x market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Automotive V2X Market:
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According to The Business Research Company’s Automotive V2X
Global Market Report 2023, the global automotive V2X market size will grow from
$0.77 billion in 2022 to $1.1 billion in 2023 at a compound annual growth rate
(CAGR) of 43.5%. The Russia-Ukraine war disrupted the chances of global
economic recovery from the COVID-19 pandemic, at least in the short term. The war
between these two countries has led to economic sanctions on multiple
countries, a surge in commodity prices, and supply chain disruptions, causing
inflation across goods and services and affecting many markets across the
globe. The market size of the automotive V2X is expected to grow to $4.77
billion in 2027 at a CAGR of 44.1%.
The increase
in demand for fully autonomous vehicles is expected to propel the growth of the
automotive V2X market in the coming years. Autonomous vehicles are defined as
self-driving vehicles that move without any human intervention or require very
little human intervention. V2X offers an advantage in automatic vehicles since
it delivers information about objects that other sensors are unable to detect.
Also, it can improve traffic efficiency by giving information about traffic
signals.
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The Report (Includes Graphs And Tables):
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The automotive v2x market is segmented:
1) By Technology: Emergency Vehicle Notification, Automated Driver
Assistance, Passenger Information System, Line of Sight, Other Technologies
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Connectivity: DSRC, Cellular
4) By Communication: Vehicle-To-Vehicle (V2V),
Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle To-Grid
(V2G), Vehicle-To-Cloud (V2C), Vehicle-To Device (V2D)
The growing technological advancements such as LTE-V2X
technology are a key trend gaining popularity in the automotive V2X market.
LTE-V2X technology is an innovative information and communication technology
that is used in road transportation systems to allow information to be
exchanged between vehicles, humans, networks, and infrastructure. Major
companies operating in the automotive V2X sector are focused on developing
LTE-V2X technology to strengthen their position. For instance, in September
2022, Cohda Wireless, an Australia-based developer of safe vehicle and
connected vehicle design solutions and services, launched the MK6 Road-Side
Unit (RSU) to enhance communication technology in connected vehicles. MK6
Road-Side Unit (RSU) is a sophisticated and adaptable vehicle-to-everything
connectivity solution to assist the adoption of connected cars on the world's
smartest roads and highways with comprehensive communication capabilities which
includes DSRC, C-V2X, LTE/5G, and Wi-Fi/Bluetooth and provides users with the
reliability, flexibility, and interoperability they require to embark on
deployments anywhere in the world.
The automotive v2x market report table of contents
includes:
1. Executive
Summary
2.
Automotive V2X Market Characteristics
3.
Automotive V2X Market Trends And Strategies
4.
Automotive V2X Market – Macro Economic Scenario
5.
Automotive V2X Market Size And Growth
................
25. Middle
East Automotive V2X Market
26. Africa
Automotive V2X Market
28. Key
Mergers And Acquisitions In The Automotive V2X Market
29.
Automotive V2X Market Future Outlook and Potential Analysis
30. Appendix
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