According to the recent report from Global Market Insights Inc., the automotive vehicle-to-everything (V2X) market size is predicted to cross USD 25 billion by 2032.
The V2X market is experiencing rapid expansion, driven by several factors. First and foremost, the rise of connected vehicles has played a pivotal role. As more vehicles become equipped with advanced sensors, processors, and communication modules, the potential for seamless communication and coordination between vehicles increases exponentially. Additionally, the advent of 5G technology has opened up new possibilities for V2X communication, enabling faster and more reliable data transfer. This high-speed connectivity will enable real-time exchange of critical information, such as traffic conditions, road hazards, and emergency situations, leading to improved safety and efficiency on the roads.
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Furthermore, the growing interest among automakers and technology companies who are investing heavily in R&D to create advanced V2X solutions and communication protocols will contribute to industry expansion. Collaboration between automotive manufacturers, telecom providers, and infrastructure developers is crucial for the widespread adoption of V2X technology. The collective effort of these industry stakeholders is driving the innovation and standardization necessary to unlock the full potential of V2X technology.
Need for seamless communication to drive software demand
On the basis of components, the automotive vehicle-to-everything market is divided into hardware and software. The software segment will showcase significant growth over 2023-2032. With the rapid expansion of smart transportation systems, the integration of sophisticated software solutions has become pivotal for enabling seamless communication and data exchange between vehicles, infrastructure, pedestrians, and other entities. These software components encompass a range of applications such as advanced driver assistance systems (ADAS), traffic management systems, fleet management, and intelligent transportation systems (ITS). They play a vital role in enhancing vehicle safety, optimizing traffic flow, reducing congestion, and enabling efficient transportation networks.
Integration of fleet vehicles to smart infrastructure to fuel industry share
In terms of application, the market is divided into autonomous driving, fleet management, collision avoidance, intelligent transport systems, and parking management systems. Automotive V2X industry share from fleet management application will grow considerably through 2032. Fleet management leverages the capabilities of the V2X technology to enhance operational efficiency and safety. The technology allows fleet managers to monitor and track vehicles in real-time, enabling them to optimize routing, reduce fuel consumption, and minimize idle time. With V2X communication, fleet vehicles can exchange information about traffic conditions, road hazards, and weather, enabling proactive decision-making and route adjustments. This technology also enables remote diagnostics and predictive maintenance, improving vehicle uptime and reducing maintenance costs.
Advanced infrastructure development in North America
Regionally, North America automotive vehicle-to-everything market will witness significant expansion during 2023 and 2032. The region boasts advanced automotive infrastructure, strong government support, and a favorable regulatory environment. The presence of key automotive manufacturers and technology companies also contributes to market expansion. North America is at the forefront of V2X technology development, with ongoing trials and deployments across the United States and Canada. The market growth is driven by the increasing emphasis on road safety, the demand for efficient traffic management systems, and the pursuit of autonomous driving. With robust investments and collaborations, North America is poised to play a leading role in shaping the future of the V2X market.
Competitive landscape of the global market
Some of the leading players in the global automotive vehicle-to-everything market are Motive Inc, Emfit Ltd., Garmin Ltd., Google LLC, Oura Health oy, Sleepace, Eight Sleep, Sleepme Inc., Sleep Number Corporation, Ultrahuman Healthcare Pvt Ltd, Whoop, Xiaomi Corporation, Withings, Tempur Pedic North America, LLC, Koninklijke Philips, N.V., and SLEEPON.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Automotive V2X market 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Connectivity type trends
2.5 Vehicle type trends
2.6 Communication type trends
2.7 Component trends
2.8 Application trends
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The Global Automotive Vehicle-to-Everything (V2X) Market research report offers accurate insights for the growth prospects of the Automotive Vehicle-to-Everything (V2X) market in the forecast years 2020-2027.
The report is an all-inclusive study of the Automotive Vehicle-to-Everything (V2X) market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the Automotive Vehicle-to-Everything (V2X) industry as global supply chains have been disrupted, and the financial scenario is tight.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
Along with this, the report extensively studies the competitive landscape in the market and profiles the key players of the industry.The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies.
Vehicle-to-Everything (V2X) Communications Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2018-2024 The vehicle-to-everything (V2X) communications market is expected to see significant growth during the forecast period 2018-2024.
Some of the major drivers behind the growth will be stringent safety rules & regulations by government bodies, increased demand for connectivity and development of autonomous vehicles.
Today’s automotive industry are dramatically changing, triggered by development in emerging markets, autonomous functionality coupled with advanced connectivity capabilities is enabling new vehicle driving models.Continue ….
@ https://brandessenceresearch.com/automotive-transport/vehicle-to-everything-v2x-communications-marketKey Players Analysis:General Motors CoToyota Motor CoVolkswagen AGBMW AGDaimler AGArada SystemsAutotalks Ltd.Cohda WirelessDenso CorporationDelphi AutomotiveeTrans SystemsKapsch TrafficComQualcommSavariOthersScope of Vehicle-to-Everything (V2X) Communications Market Reports Global Vehicle-to-Everything (V2X) Communications market report is segmented on the basis of communication type, and by regional & country level.
Based upon communication type, global Vehicle-to-Everything (V2X) Communications market is classified as Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle to Home (V2H) and In Vehicle (IN-V).Market Dynamics:Growing concerns about passenger safety has compelled automobile manufacturers to install the various driver assistance systems and focus on improving the integration of passive safety systems with active safety systems, especially ACC, AEBS, BSD, LDWS, and NVS.
The report focuses on the operation and their competitive landscape present within the market.
