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Global V2X Market

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kalpesh rajput
Global V2X Market
Global Automotive V2X Market was valued US$5.79Mn. in 2019 and the total revenue is expected to grow about CAGR24% from 2020 to 2027, reaching US$ xxMn.  To know about the Research Methodology:-Request Free Sample Report

Global Automotive V2X Market: Overview

Automotive (V2X) is a technology termed as Vehicle to everything which will increase road safety by utilizing advanced automotive electronics technology. Intelligent transport systemand efficient traffic system is main concept for development of V2X technology. Near vehicle communication is enabled by V2X technology, any obstacles such as infrastructure, pedestrian, and even out of sight vehicle in a traffic or congested area is informed to driver. The rapid expansion of automotive sector across global level is anticipated to drive the automotive V2X market over the forecast period. Increasing semi-autonomous vehicle market is rising demand for advanced driver assistance systems (ADAS) in vehicle and the OEMs are increasing their efforts in development of autonomous vehicles is anticipated to propel the automotive V2X market in forecasted period.

Global Automotive V2X Market:Fuel Type

By vehicle type Global Automotive V2X Market issegmented into IC engine, Electric and Hybrid. The IC engine dominate the global market. However the governments are promoting use of clean fuel thus the electric vehicle and Hybrid vehicle market is increasing. The Hybrid Vehicle is getting popular now days and expected to keep this growth in the forecast period. This expected to drive Global Automotive V2X Market.

Global Automotive V2X Market: Vehicle type

By Vehicle type, passenger vehicle is dominating the Global Automotive V2X Market, and expected to maintain its dominance in forecasted period. Moreover the commercial vehicle sector is growing significantly, according to OCIA, commercial vehicle sales increased over 6% from last few years, and expected to boost the market. Global Automotive V2X Marketby offering type, into software and hardware. The software segment is expected to grow in future marketwith significant growth rate over the forecast period.

Global Automotive V2X Market: Drivers

Increasing number of road accidents and public safety concerns is increasing the need for advance technology. Government also supportingthe traffic management improvementwhich is expected to propel the automotive V2X market. V2X technologies help in avoiding traffic-congestion and reduce fuel consumption and vehicular emissions. Technological advancements in automotive electronics are likely to fuel the automotive V2X market during the forecast period.

Global Automotive V2X Market: Regional Overview

By region, Global Automotive V2X Market is segmented Asia Pacific, North America, Europe, South America and Middle East & Africa. The Europe is the major region in progress of new technology in automotive industry. New players are emerging in market and ready to invest in this region. Therefore the region is showing growth in market forAutomotive V2X market. North America region is showing demand of advance automotive technologies and spend significant amount in research and development, this expected to maintain this growth in the forecast period. Asia Pacific region is expected to be the major market for the growth of Automotive V2X Market. The Asia Pacific region is also showing growth in electric vehicle expected to grow at faster rate in the forecast period. The above mentioned factors are propelling the growth ofGlobal Automotive V2X Market. The report also helps in understanding Automotive V2X Marketdynamics, structure by analyzing the market segments and projects the Automotive V2X Marketsize. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive V2X Marketmake the report investor’s guide.

Scope of the Automotive V2X Market: Inquire before buying

Automotive V2X Market, By Communication

• Vehicle-to-Vehicle (V2V) • Vehicle-to-Infrastructure (V2I) • Vehicle-to-Pedestrian (V2P) • Vehicle-to-Grid (V2G) • Vehicle-to-Cloud (V2C)

Automotive V2X Market, By Propulsion Type

• IC Engine • Electric • Hybrid

Automotive V2X Market, By Offering

• Hardware • Software • Other Offering

Automotive V2X Market, By Technology

• Automated driver assistance • Intelligent traffic systems • Emergency vehicle notification • Passenger information system • Other

Automotive V2X Market, by Region

• Asia Pacific • North America • Europe • South America • Middle East & Africa

Key players operating in Automotive V2X Market

• Robert Bosch GMBH • Continental AG • Qualcomm Technologies, Inc. • Autotalks Ltd. • Delphi Technologies • NXP Semiconductors N.V. • Infineon Technologies AG • Tomtom N.V. • Cisco Systems, Inc. • AutoTalks Ltd • Cohda Wireless • Denso Corporation • HaaS Alert • HARMAN International • Huawei Technologies Co., Ltd. • Lear Corporation • Neusoft Corporation • Rohde & Schwarz • Savari, Inc.

This report submitted by Maximize market Research Company

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