Automotive V2X Market Overview

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “ Automotive V2X Market” accounted for USD 2.59 billion in 2022 and is expected to reach USD 25.01 billion by 2029 at a CAGR of 38.2 % during the forecast period.

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Automotive V2X Market Scope and Methodology

To understand market estimations and growth rates bottom-up approach was used in the report A detailed analysis is conducted on the drivers, restraints, opportunities, and challenges of the  Automotive V2X Market. The revenue, financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances of the top players in the market as well as their local market shares, are all included in the competitive environment for the  Automotive V2X market.

Regional analysis of the  Automotive V2X market conducted at a local, regional and global level. The competitive analysis is conducted to understand the growth models and strategies used by key players and also provides a detailed analysis of the dominant market share and penetration in the market. The report also offers information on the emerging regions that are expected to be major markets for the  Automotive V2X market.

The primary and secondary data sources with qualitative and quantitative analysis are used in the report. Primary research is conducted from questionnaires and telephonic interviews with market leaders, business owners, etc., while secondary research includes financial reports annual reports, white papers, etc. The report presented the SWOT, PORTER and PESTLE Analysis with the potential impact of macro-economic factors on the  Automotive V2X market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the  Automotive V2X Market.

Automotive V2X Market Dynamics

Mobile devices have overtaken traditional communication methods as a result of the development of new smartphones with greater functionality and built-in applications. Mobile device penetration in the country increased by nearly 4.7%. According to the MMR survey, the most frequent mode of Internet access is through a mobile device. Furthermore, the relevance of communication equipment in the country is predicted to grow as firms are compelled to go digital in order to compete. Businesses are upgrading their network infrastructure to increase wireless bandwidth. They will continue to invest in network upgrading, which will boost industry growth during the predicted period. Growing mobility applications for enterprise IT will drive new investments in wireless infrastructure.

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Automotive V2X Market Regional Insights

The  Automotive V2X market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis provides the  Automotive V2X market status of various countries included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.

Automotive V2X Market Segmentation

The Passenger Information System category is predicted to have the highest CAGR across vehicle types during the forecast period. Factors such as increased demand for connected car technologies in passenger cars, increased market share, and a growth in the number of passenger electric vehicles are expected to drive demand for the Passenger Information System segment.

Global Automotive V2X Market, by vehicle type (2022-2029)
• Commercial
• Passenger
Global Automotive V2X Market, by Application (2022-2029)
• Predictive Maintenance
• Remote Monitoring and Diagnostics
• Parking Management System
• Fleet and Asset Management
• Passenger Information System
• Emergency Vehicle Notification
• Intelligent Traffic System
• Automated Driver Assistance
Global Automotive V2X Market, by communication type (2022-2029)
• Vehicle-to-Vehicle
• Vehicle-to-Network
• Vehicle-to-Home
• Vehicle-to-Grid
• Vehicle-to-Pedestrian
• Vehicle-to-Infrastructure
Global Automotive V2X Market, by offering (2022-2029)
• Hardware
• Software
Global Automotive V2X Market, by connectivity type (2022-2029)
• Cellular
• DSRC

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Automotive V2X Market Key Players

1. Intel Corporation (US)
2. Qualcomm Technologies Inc.(US)
3. Harman International Industries, Inc.(US)
4. Nvidia Corporation(US)
5. NXP Semiconductors N.V.(Netherland)
6. TomTom International BV.(Netherland)
7. Autotalks ltd. (Israel)
8. Cohda Wireless (Australia)
9. Continental AG(Germany)
10.Daimler AG(Germany)
11.Audi AG(Germany)
12.Infineon Technologies AG (Germany)
13.Robert Bosch GmBH (Germany)

Key questions answered in the  Automotive V2X Market are:

• What is  Automotive V2X?
• What was the  Automotive V2X market size in 2022?
• What are the different segments of the  Automotive V2X Market?
• What growth strategies are the players considering to increase their presence in  Automotive V2X?
• What are the upcoming industry applications and trends for the  Automotive V2X Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the  Automotive V2X Market?
• Who are the key players in the  Automotive V2X market?
• What major challenges could the  Automotive V2X Market face in the future?
• What segments are covered in the  Automotive V2X Market?
• Who are the leading companies and what are their portfolios in  Automotive V2X Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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