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Automotive V2X Market Size to Reach US$ 12.93 billion by 2027

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[150+ Pages Report]The automotive V2X market is expected to grow at a CAGR of 43.7% during forecast period 2021 to 2027 and is projected to reach around US$ 12.93 billion by 2027.

The automotive V2X market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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This research report evaluates the automotive V2X market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global automotive V2X market for the period from 2017 to 2027.

Growth Factors

Increasing sales of passenger as well as commercial vehicles across the globe contribute significantly to drive the market. Increasing traffic congestion, greenhouse gas emission rising number of accidents have forced governments of various regions to impose stringent safety and emission norms. V2X technology helps driver to improve safety of the vehicle as well as it reduces the greenhouse gas emission from the vehicle, thereby accelerating the demand of the technology in the coming years. Furthermore, the concept of driverless cars and autonomous vehicles are still under their research phase and expected to take years to be commercialized. In addition, V2X technology helps to achieve driverless mobility, thus again propels the growth of the technology over the analysis period. Besides the benefits of V2X technology, they are largely subject to cyber threats such as hacking and manipulation; this hampers the market growth in the near future.

Market Report Scope

Report Highlights Details
Market Size USD 12.93 Billion by 2027
Growth Rate CAGR of 43.7% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global automotive V2X market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global automotive V2X market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • In 2019, North America led the global automotive V2X market with significant revenue share in the year 2019. Ease of technology adoption along with the region being one of the largest markets for automobile are some of the prime factors that drives the growth of the region. In addition, greenhouse emission and traffic congestion are some of the crucial problems that can be overcome significantly with the implementation of V2X systems.
  • Europe is the other major region that contributes prominently towards the revenue share. Stringent emissions as well as safety norms in the region are the major factors that drive the regional market. In addition, the region registered prominent growth in battery-powered vehicles that again influence the V2X communication market growth positively over the coming years.
  • Based on vehicle type, passenger vehicles accounted for the largest market value share of nearly 75% in the year 2019 and analyzed to continue its dominance during the forecast period. However, increasing demand for commercial vehicles due to boom in the commercial sector flourishes the growth of commercial vehicles in the near future.
  • By communication type, Vehicle-To-Vehicle (V2V) projected to dominate the global automotive V2X market during the forecast period. Increasing safety regulations have spur the adoption of various types of communication technologies in a vehicle such as Adaptive Cruise Control (ACC), driver assistance system, lane change assistance, blind spot detection, and many more. This expected to significantly drive the demand for V2V communication.
  • Based on connectivity type, Dedicated Short Range Connectivity (DSRC) seeks to capture maximum revenue share in the present as well as during the forecast period. Ease of implementation along with cost benefits of DSRC over the cellular connectivity expected to drive the growth of the segment.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global automotive V2X market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the automotive V2X market include:

  • Continental AG
  • Delphi Automotive LLP
  • NXP Semiconductors
  • TomTom International B.V.
  • Qualcomm, Inc.
  • Robert Bosch GmbH
  • HARMAN International
  • Cisco Systems, Inc.
  • Mobileye
  • Infineon Technologies AG

Market Segmentation

By Communication Type

  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Grid (V2G)
  • Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Home (V2H)
  • Vehicle-To-Pedestrian (V2P)
  • Vehicle-To-Network (V2N)

By Vehicle Type

  • Commercial Vehicles (CV)
  • Passenger Cars

By Connectivity Type

  • Cellular Connectivity
  • DSRC

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the automotive V2X in 2020?

What is the expected market size by 2027?

What is the automotive V2X market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the automotive V2X market?

Why Buy this Report?

The purpose of Precedence Research’s automotive V2X market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Connectivity Type Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive V2X Market, By Communication

7.1. Automotive V2X Market, by Communication Type, 2020-2027
7.1.1. Vehicle-To-Infrastructure (V2I)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Vehicle-To-Grid (V2G)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Vehicle-To-Vehicle (V2V)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Vehicle-To-Home (V2H)
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Vehicle-To-Pedestrian (V2P)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Vehicle-To-Network (V2N)
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive V2X Market, By Vehicle

8.1. Automotive V2X Market, by Vehicle, 2020-2027
8.1.1. Commercial Vehicles (CV)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Passenger Cars
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive V2X Market, By Connectivity Type

9.1. Automotive V2X Market, by Connectivity Type, 2020-2027
9.1.1. Cellular Connectivity
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. DSRC
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive V2X Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)

Chapter 11. Company Profiles

11.1. Continental AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Delphi Automotive LLP
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. NXP Semiconductors
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. TomTom International B.V.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Qualcomm, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Robert Bosch GmbH
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. HARMAN International
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cisco Systems, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mobileye
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Infineon Technologies AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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