V2X for Automotive Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)

The "V2X for Automotive Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The V2X for Automotive market is expected to grow annually by 13.4% (CAGR 2024 - 2031).

This entire report is of 163 pages.

V2X for Automotive Introduction and its Market Analysis

V2X for Automotive refers to vehicle-to-everything communication technology that enables vehicles to communicate with each other and with infrastructure, improving road safety and traffic efficiency. The target market includes automotive manufacturers, technology providers, and government agencies aiming to enhance transportation systems. Major revenue growth drivers include increasing demand for road safety solutions, government regulations promoting connected vehicles, and advancements in communication technologies. Key players in the market include Continental AG, Autotalks, Qualcomm, Denso, and General Motors. The report highlights market trends, competitive landscape, and recommendations for stakeholders to capitalize on the growing V2X for Automotive market opportunities.

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V2X technology, which encompasses vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and other communication systems, is revolutionizing the automotive market. It is being increasingly used for road safety services, automatic parking systems, emergency vehicles, and auto car services segmentation. However, the widespread adoption of V2X in the automotive sector is subject to various regulatory and legal factors. These include ensuring data privacy, establishing standards for communication protocols, and addressing liability issues in case of accidents involving vehicles equipped with V2X technology. Government bodies and regulatory authorities play a crucial role in creating a conducive legal framework for the deployment of V2X systems in vehicles, thereby ensuring safe and seamless integration into the automotive market. As V2X technology continues to evolve, these regulatory and legal factors will be key determinants of its success in transforming the automotive industry.

Top Featured Companies Dominating the Global V2X for Automotive Market

The V2X (Vehicle-to-Everything) technology market for automotive is highly competitive with numerous companies offering solutions in this space. Some of the key players in the V2X for Automotive Market include Continental AG, Autotalks, ETrans, Qualcomm, Delphi (Aptiv), Denso, General Motors, HARMAN, Arada, Cohda Wireless, Savari, and Kapsch.

These companies provide a range of V2X solutions including V2V (Vehicle-to-Vehicle), V2I (Vehicle-to-Infrastructure), V2P (Vehicle-to-Pedestrian), and V2N (Vehicle-to-Network) communication technologies. They help to grow the V2X for Automotive Market by developing innovative solutions that improve road safety, traffic efficiency, and overall driving experience.

For example, Continental AG offers a comprehensive portfolio of V2X solutions including its Secure Intelligent Transportation Systems (ITS) V2X platform. Autotalks is known for its automotive-grade V2X chipsets that support both DSRC and C-V2X communication protocols. Qualcomm provides V2X communication technology through its Snapdragon Automotive Platforms. Delphi (Aptiv) and Denso are also major players offering V2X solutions for automotive manufacturers.

In terms of sales revenue, Continental AG reported sales of around € billion in 2020. Qualcomm's revenue for fiscal year 2020 was approximately $23.5 billion. General Motors reported revenue of about $122 billion in 2020.

Overall, these companies are driving the growth of the V2X for Automotive Market by investing in research and development, forming strategic partnerships with automakers and governments, and by providing cutting-edge V2X solutions that address the evolving needs of the automotive industry.

• Continental AG
• Autotalks
• ETrans
• Qualcomm
• Delphi(Aptiv)
• Denso
• General Motor
• HARMAN
• Arada
• Cohda Wireless
• Savari
• Kapsch

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V2X for Automotive Market Analysis, by Type:

• V2V
• V2I
• V2P
• Other

V2V (Vehicle-to-Vehicle) communication allows vehicles to exchange information with each other, improving road safety and traffic efficiency. V2I (Vehicle-to-Infrastructure) communication enables vehicles to communicate with roadside infrastructure like traffic lights and signs, providing real-time traffic and road condition updates. V2P (Vehicle-to-Pedestrian) communication enhances pedestrian safety by alerting drivers of pedestrian presence. Other types of V2X include V2N (Vehicle-to-Network), V2G (Vehicle-to-Grid), and V2D (Vehicle-to-Device). These various types of V2X technologies work together to create a connected and safer automotive ecosystem, driving the demand for V2X solutions in the automotive market.

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V2X for Automotive Market Analysis, by Application:

• Road Safety Service
• Automatic Parking System
• Emergency Vehicles
• Auto Car Service

V2X for Automotive is used in various applications to enhance road safety, efficiency, and convenience. In Road Safety Service, vehicles communicate with each other and infrastructure to share real-time traffic information and prevent accidents. Automatic Parking System utilizes V2X technology to enable vehicles to find and park in available spaces without human intervention. Emergency Vehicles use V2X to communicate with other vehicles and traffic signals to clear a path during emergencies. Auto Car Service uses V2X for remote diagnostics and software updates. Among these applications, the fastest growing segment in terms of revenue is expected to be the Road Safety Service due to its potential to significantly reduce accidents and save lives.

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V2X for Automotive Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The V2X for Automotive market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America, particularly the United States and Canada, is expected to dominate the market due to the high adoption rate of advanced technologies in the automotive sector. Europe, with leading countries like Germany, France, ., and Italy, is also anticipated to hold a substantial market share. In Asia-Pacific, China, Japan, and India are projected to witness rapid growth in the V2X market. Latin America and Middle East & Africa are also expected to witness significant growth in the adoption of V2X technologies. The market share percentage valuation is estimated to be highest in North America, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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