Vehicle-to-Everything (V2X) Market Industry Impact, Latest Report

The market for "Vehicle to Everything" (V2X) Market is expected to grow rapidly, with a predicted value of $1,404.1 billion by 2030. The market is driven by factors like the rising demand for fully autonomous driving and safe vehicles, improvements in 5G technology, increased sales of electric vehicles (EVs), government regulations to reduce emissions, and the urgent need to relieve traffic congestion. The market is expected to grow at an annual rate of 60.2% between 2022 and 2030.

The desire for fully autonomous driving and increased vehicle safety is growing, which is boosting the V2X market's expansion. Real-time sharing of vital information is made possible by V2X technology, enabling seamless connection and interaction between vehicles, infrastructure, pedestrians, and other road users. This information is essential for accident prevention, traffic management, and effective navigation. V2X systems are being more widely used around the world as attention is being paid to enhancing traffic safety and lowering accident rates.

The rise of the V2X sector has been considerably aided by improvements in 5G technology. The 5G networks' high-speed, low-latency connectivity makes it possible for vehicles to communicate with their surroundings more quickly and reliably. This technology equips V2X systems to efficiently support functions like cooperative adaptive cruise control, real-time traffic updates, and intersection collision warning, improving the entire driving experience.

Additionally, the increasing popularity of electric cars (EVs) has been a major factor in the growth of V2X technology. V2X system integration is essential for effective grid integration, battery management, and charging infrastructure as EVs gain popularity in the automobile sector. EVs may connect with charging stations using V2X technology, which optimises charging schedules and supports vehicle-to-grid (V2G) capabilities.

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Government rules designed to reduce emissions and promote eco-friendly transportation options have helped the V2X sector expand. V2X technologies promote eco-friendly transportation initiatives and efficient traffic management, which lowers congestion and pollution.

Highlighted with 114 tables and 93 figures, this 213-page report “Global Vehicle-to-Everything (V2X) Market 2022-2030 by Component, Communication Type (V2P, V2G, V2C, V2I, V2D, V2V), Connectivity (DSRC, Cellular), Technology, Vehicle Type (Passenger, Commercial), Vehicle Propulsion (ICE, EV), Distribution and Region” is based on a comprehensive research of the entire global vehicle-to-everything (V2X) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2030 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global vehicle-to-everything (V2X) market in every aspect of the classification from perspectives of Component, Communication Type, Connectivity, Technology, Vehicle Type, Vehicle Propulsion, Distribution, and Region.

Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Automotive V2X Hardware

o             On-board Units (OBU)

o             Roadside Units (RSU)

o             Antenna

o             Evaluation Kits

o             Other Hardware

• Automotive V2X Software

o             V2X Software Stack

o             V2X Software Development Kit

o             Other Software

• Automotive V2X Service

View Report Scope and Latest Developments in the Market: https://www.marketwatch.com/press-release/vehicle-to-everything-v2x-market-industry-impact-latest-trend-analysis-progression-status-revenue-expectation-2022-to-2032-2023-06-02?mod=search_headline

Based on Communication Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Vehicle-to-Pedestrian (V2P)
• Vehicle-to-Grid (V2G)
• Vehicle-To-Cloud (V2C)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Device (V2D)
• Vehicle-to-Vehicle (V2V)
• Other Communication Types

By Connectivity, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Dedicated Short-Range Communication (DSRC)
• Cellular-V2X (C-V2X)
• Other Connectivity Types

By Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Emergency Vehicle Notification
• Automated Driver Assistance
• Passenger Information System
• Line of Sight
• Other Technologies

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By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Vehicle Propulsion, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Internal Combustion Engine (ICE) Vehicles
• Electric Vehicles (EV)

o             Battery Electric Vehicle (BEV)

o             Hybrid Electric Vehicle (HEV)

o             Plug-in Hybrid Electric Vehicle (PHEV)

o             Fuel Cell Electric Vehicle (FCEV)

By Distribution, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.

• Original Equipment Manufacturer (OEM)
• Aftermarket

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2030. The breakdown of all regional markets by country and split of each national market by Communication Type, Connectivity and Vehicle Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Autotalks Ltd.       

Capgemini Engineering       

Cohda Wireless    

Continental AG    

Delphi Technologies            

Denso Corporation             

HAAS, Inc.             

Harman International         

Huawei Technologies Co., Ltd.           

Infineon Technologies AG   

Kapsch Group       

Lear Corporation 

Marben Products 

Neusoft Corporation

NXP Semiconductors N.V.   

Qualcomm Incorporated    

Robert Bosch GmbH            

Rohde & Schwarz 

Savari, Inc.            

Unex Technology 

To view Top Players, Segmentation and other Statistics of Vehicle-to-Everything (V2X) Market Industry, Get Free Customization Report https://marketdatalibrary.com/free-customization/4448

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