San Francisco, Nov 19 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 Automotive Vehicle-to-Everything Market:
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.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-automotive-vehicle-to-everything-v2x-market
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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