The global automotive vehicle-to-everything (V2X)
market is expected to reach USD 26.72 billion by 2025 according to a
new report by Grand View Research, Inc. The automotive industry is undergoing a
series of transition, the industry moving towards digitalization and connected
mobility. There has been a significant rise in the use of electronics in the
vehicles. The vehicles today have shifted from being a conventional vehicle to
intelligent vehicles and are equipped with communication systems that alert or
assist the driver from a potential accident. Moreover, the rising consumer
demand for convenience features has enforced various OEMs to incorporate V2X
communication systems. The implementation of the of V2X communication will not
only increase the safety aspect but will also provide enhanced driving experience.
There are numerous benefits for
implementation of V2X communication systems, however they are surrounded by
challenges. The main challenge for automotive V2X market to grow is
significantly is the need for robust legal framework. Another important challenge
is built a secure system which ensures privacy, authenticity and security for
all types of V2X communication.
Browse full research report on Global Automotive Vehicle-to-Everything Market: http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market
Further key findings from
the report suggest:
- Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G and V2I communication type market
- With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about how is data security, anonymity and privacy maintained.
- Synchronized real-time data will be a key factor in determining the growth for the automotive V2X market.
- The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024.
- Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others.
- The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage.
Read our blogs – http://www.grandviewresearch.com/blog/automotive-vehicle-to-everything-v2x-market-size-share
Grand View Research has segmented the market on the basis of
communication type, connectivity type, vehicle type, and region:
Automotive V2X Communication Type Outlook (Revenue, USD
Million; 2014 - 2025)
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Infrastructure (V2I)
- Vehicle-To-Pedestrian (V2P)
- Vehicle-To-Home (V2H)
- Vehicle-To-Grid (V2G)
- Vehicle-To-Network (V2N)
Automotive V2X Connectivity Type outlook (Revenue, USD
Million; 2014 - 2025)
- DSRC
- Cellular Connectivity & Others
Automotive V2X Vehicle Type outlook (Revenue, USD
Million; 2014 - 2025)
- Passenger Cars
- Commercial vehicles
Automotive V2X Regional outlook (Revenue, USD Million;
2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- South America
- Brazil
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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