MarkNtel Advisors recently published a detailed industry analysis of the Global Vehicle-to-Everything (V2X) Communications System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Vehicle-to-Everything (V2X) Communications System Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Vehicle-to-Everything (V2X) Communications System Market is projected to grow at a CAGR of around 36.85% during the forecast period, 2022-27.
What are the major Driver the Global Vehicle-to-Everything (V2X) Communications System industry?
Rising Focus of Government Institutions to Integrate V2X Technology to Aid the Market Growth- The significant rise in industrialization, urbanization, and an increase in vehicle ownership rates across North America, Asia-Pacific, Europe, and the Middle East & Africa has notably increased accidents & emission rates. Moreover, a surge in the depletion of fossil fuel reserves and heightening prices of crude have raised concerns among the international government organizations to shift toward sustainable mobility solutions. This fueled the demand for electric and autonomous vehicles across the globe owing to their fuel efficiency & ability to minimize road accidents, owing to the deployment of advanced safety systems and sensors.
- In 2021, the Government of Korea announced the initiation of a C-ITS, a Cooperative Intelligent Transport System rollout in 44 cities & national expressways, which includes the integration of V2X technologies. With the release, the Korean government intends to complete the C-ITS deployment across the entire expressways network, covering a length of 4075 Km by 2025.
These initiatives launched by the national and international government organizations would substantially support the demand for Vehicle-to-Everything (V2X) Communication systems in the forecast years.
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/vehicle-to-everything-v2x-communications-system-market.html
What segments define the Global Vehicle-to-Everything (V2X) Communications System Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Vehicle Type
- Passenger
- Commercial
According to report, Of them all, the Passenger Vehicles captured a major market share in the Global Vehicle-to-Everything (V2X) Communication Systems market during 2017-21, owing to a significant increase in the vehicle ownership rates across North America, Europe, Asia-Pacific, and the Middle East & Africa.
By Connectivity
- Dedicated Short Range Communication (DSRC)
- Cellular-V2X (C-V2X)
According to report, Here, the Dedicated Short Range Communication (DSRC) captured a considerable share in the Vehicle-to-Everything (V2X) market during 2017-21 & is expected to continue the same trend in the forthcoming years.
By Technology
- Vehicle-to-Vehicle
- Vehicle-to-Infrastructure
- Intelligent Traffic System
- Emergency Vehicle Notification
- Passenger Information System
- Fleet & Asset Management
- Parking Management System
- Vehicle-to-Pedestrians (V2P)
- Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)
According to report, Among them, vehicle-to-vehicle technology is expected to gain a significant share in the global V2X market during the forecast period.
By Demand Type
- OEMs
- Aftermarkets
According to report, Of them all, the OEMs acquired a major share in the Global Vehicle-to-Everything Communication Systems market during the historical period.
By Vehicle Autonomy
- Autonomous
- Semi-Autonomous
By Component
- Hardware
- On-board Units (OBU)
- Roadside Units (RSU)
- Others (Antenna, Evaluation Kits, etc.)
- Software
- V2X Software Stack
- V2X Software Development Kit
Explore the Complete Global Vehicle-to-Everything (V2X) Communications System Market Analysis Report – https://www.marknteladvisors.com/research-library/vehicle-to-everything-v2x-communications-system-market.html
Geographical Analysis: Global Vehicle-to-Everything (V2X) Communications System Market
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Vehicle-to-Everything (V2X) Communications System Market Share & Competitive Landscape:
The Vehicle-to-Everything (V2X) Communications System Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Vehicle-to-Everything (V2X) Communications System Market are:
- Autotalks Ltd.
- Continental AG
- HARMAN International
- Infineon Technologies AG
- NXP Semiconductors
- Qualcomm Technologies, Inc.
- Robert Bosch GmbH
- STMicroelectronics
- Cohda Wireless
- Lear Corporation
- The Kapsch Group
- LG Electronics
- Denso Corporation
- Huawei Corporation Co., Ltd.
- Neusoft Corporation
- Others
Global Vehicle-to-Everything (V2X) Communications System Market Industry Recent Development:
- In 2021, Infineon technologies, Inc. announced the launch of the SLS37 V2X hardware security module (HSM), which is a plug-and-play security solution for vehicle-to-everything communication (V2x). The new module is a highly secured & tamper-resistant microcontroller tailored to the security needs in V2X applications within telematics control units.
- In 2020, Cohda announced to update its C-v2X Software Development Kit that features an extensive range of useful applications & tools, as well as a virtual simulation tool (vsim).
- In 2019, Harman International unveiled a new Dual-Mode V2X system aimed at enhancing automotive safety that features both hardware & software.
Questions Addressed in this Study
1.What factors are driving the Global Vehicle-to-Everything (V2X) Communications System Market growth?
2.How is the Global Vehicle-to-Everything (V2X) Communications System Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Vehicle-to-Everything (V2X) Communications System Market?
4.What is the current size of the Global Vehicle-to-Everything (V2X) Communications System Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Vehicle-to-Everything (V2X) Communications System Market in terms of technological advancements and market expansion?
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/vehicle-to-everything-v2x-communications-system-market.html
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
More Research Studies Report:
–Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.
–Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.
For Media Inquiries, Please Contact:
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
