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Global V2X Market Growth (Status and Outlook) 2024-2030
Product Code:793928
Published Date: Jan 02,2024
Pages: 111
Region: Global
Category: Automobile & Transportation
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According to our LPI (LP Information) latest study, the global V2X market size was valued at US$ 30640 million in 2023. With growing demand in downstream market, the V2X is forecast to a readjusted size of US$ 61140 million by 2030 with a CAGR of 10.4% during review period.
The research report highlights the growth potential of the global V2X market. V2X are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of V2X. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the V2X market.
Vehicle-to-everything (V2X) communication is the passing of information from a vehicle to any entity that may affect the vehicle, and vice versa. It is a vehicular communication system that incorporates other more specific types of communication as V2I (Vehicle-to-Infrastructure), V2N (Vehicle-to-network), V2V (Vehicle-to-vehicle), V2P (Vehicle-to-Pedestrian), V2D (Vehicle-to-device) and V2G (Vehicle-to-grid).
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Key Features:
The report on V2X market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the V2X market. It may include historical data, market segmentation by Type (e.g., Hardware, Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the V2X market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the V2X market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the V2X industry. This include advancements in V2X technology, V2X new entrants, V2X new investment, and other innovations that are shaping the future of V2X.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the V2X market. It includes factors influencing customer ' purchasing decisions, preferences for V2X product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the V2X market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting V2X market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the V2X market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the V2X industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the V2X market.
Market Segmentation:
V2X market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Hardware
Software
Segmentation by application
Passenger Car
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Continental Automotive
Qualcomm
NXP
Bosch
Delphi
Intel
Infineon
Tomtom
Harman
Nvidia
Autotalks
Cohda Wireless
Daimler
Audi
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- 27
Feb
2021
Global V2X Market Growth (Status and Outlook) 2021-2026
Pages: 99|Category: AUTOMOBILE & TRANSPORTATION
According to this latest study, the 2021 growth of V2X will have significant change from previous year. By the most conservative estimates of global V2X market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 30640 million in 2020. Over the next five years the V2X market will register a 10.4% CAGR in terms of revenue, the global market size will reach US$ 45470 million by 2026.
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