Vehicle to Everything (V2X) Market Demand, Size, Share, Development Strategy, Scope & Forecast To 2027
The global vehicle-to-everything (V2X) market is projected to reach a market size of USD 11.27 Billion by 2028 and register a robust CAGR during the forecast period, according to latest analysis by Emergen Research. Growing demand for vehicle-to-everything can be attributed to rising demand for autonomous cars and vehicles with more advanced safety features, especially in developed economies. Implementation of vehicle-to-everything communication increases drivers’ awareness about the surroundings and aids in facilitating autonomous driving.
The Vehicle to Everything (V2X) report is also furnished with beneficial strategic recommendations that will enable the companies to fortify their market positions. The report covers a detailed investigation of the cost analysis and geographical bifurcation to impart a thorough understanding of the Vehicle to Everything (V2X) market.
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The report provides an in-depth analysis of the competitive landscape and covers profiling of the key players along with their product portfolios, Vehicle to Everything (V2X) market position, production and manufacturing capacity, business strategies, lucrative alliances and partnerships, extensive research and development activities, revenue contribution, and gross profit margins.
Major companies operating in vehicle-to-everything market include Continental AG, Infineon Technologies AG, Robert Bosch GmbH, NXP Semiconductors, Harman International, Delphi Technologies, Qualcomm Technologies Inc., DENSO Corporation, Autotalks Ltd., and STMicroelectronics.
Pivotal feature in the Report
- Vehicle-to-infrastructure segment held a significant revenue share in 2020. V2I is capable of lane and congestion management and helps in fuel efficient consumption and reduced emissions. It has been estimated that optimized freeway lane management and signal operations can result in fuel savings to a maximum of 22.0%.
- Intelligent traffic systems are immensely benefitted with vehicle-to-everything communication, which helps in improving traffic efficiency. Vehicles optimize their arrival by obtaining traffic light green signal cycle, and even traffic lights adjust on the basis of feedback received from arriving vehicles.
- Revenue from the vehicle-to-everything market in Asia Pacific is projected to register a comparatively faster rate than other regional markets during the forecast period. This rapid growth rate can be attributed to various government initiatives for urban infrastructure digitalization in countries in the region. Besides, rising smartphone penetration and growing concerns about on-road vehicle and driver safety are other factors driving market growth.
Vernacular analysis covers a comprehensive breakdown of the market into key territorial to offer better insights about production volume information, consumption volume and patterns, revenue, trends and demands, supply and demand dynamics, import/export, and presence of key players in each region along with revenue share, revenue growth, and CAGR.
An extensive interpretation of the Global Vehicle to Everything (V2X) market based on the key geographies of the world offers a strategic insight into the market size and market share of the industry. The key regions include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Suspicion disintegrate in the report:
The Global Vehicle to Everything (V2X) Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies. The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8 year analysis of the Global Vehicle to Everything (V2X) Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
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The data is garnered through stringent primary and secondary research and further validated and verified through industry veterans and experts. The report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers.
Emergen Research has segmented the global vehicle-to-everything (V2X) market on the basis of communication type, application, connectivity, and region:
- Communication Type Outlook (Revenue, USD Million; 2018–2028)
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Pedestrian (V2P)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Cloud (V2C)
- Vehicle-to-Device (V2D)
- Vehicle-to-Grid (V2G)
- Others
- Application Outlook (Revenue, USD Million; 2018–2028)
- Automated Driver Assistance
- Emergency Vehicle Notification
- Intelligent Traffic Systems
- Passenger Information System
- Fleet and Asset Management
- Parking Management System
- Others
The report is furnished with the latest changes in the market scenario and demand and supply ratios with regards to the currently unfolding COVID-19 pandemic. The research report offers an initial and future assessment of the impact of the COVID-19 pandemic on the industry and offers insights for the businesses to overcome the difficulties raised by the crisis.
Main chapters covered in this report:
Part 01: Market Overview
Part 02: Market Size, by regions
Part 03: Market Revenue, by countries
Part 04: Market Competition, by key players
Part 05: Company Profiles
The analysis is done on the basis of the authentic and relevant information obtained from in-depth primary and secondary research. Additionally, the factors expected to drive or restrain the growth of the market are studied extensively in the report.
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