Vehicle-to-Everything (V2X) Market Size, Share, Business Opportunities, Challenges, Drivers by 2028

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Rising demand for autonomous cars and rising focus on driver, pedestrian, and vehicle safety are some key factors influencing market growth.

The Global Vehicle-to-Everything (V2X) Market Research Report is a detailed document describing recent advancements and developments in the field of Vehicle-to-Everything (V2X)s considering 2019 as the base year and 2021-2028 as the forecast timeframe. The current COVID-19 pandemic is expected to have an effect on the growth of the Vehicle-to-Everything (V2X) industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, several sectors of the global market have been affected, and Vehicle-to-Everything (V2X) will likely be among them. Economic slowdown and dynamic changes in demand will further hinder the growth of the sector. The report covers the impact analysis of the COVID-19 pandemic on the overall Vehicle-to-Everything (V2X) industry. The report also studies the growth of the market on a global and regional scale. Supply chain disruptions and economic uncertainty have negatively impacted market growth in several key regions. The report explores the current and future impact of the pandemic and provides insight into the post-pandemic market scenario. The report provides valuable insights into market size, market share, sales channels and distribution networks, market segments, needs, trends and growth prospects. Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies.

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. V2X assists in communicating information such as speed accuracy, brake pedal status, and heading. It also warns autonomous vehicles regarding nearby objects that are not directly visible (non-line-of-sight), which is a crucial feature for vehicle safety and for facilitating better decisions by autonomous cars.

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Key companies profiled in the report include:

Continental AG, Infineon Technologies AG, Robert Bosch GmbH, NXP Semiconductors, Harman International, Delphi Technologies, Qualcomm Technologies Inc., DENSO Corporation, Autotalks Ltd., and STMicroelectronics

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

The report offers a complete analysis of the global Vehicle-to-Everything (V2X) market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

  • 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
  • Connectivity Outlook (Revenue, USD Million; 2018–2028)

    • Dedicated Short Range Communication (DSRC)
    • Cellular V2X

The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

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