V2X Market Growth, Trends, Share, Size, Forecast to 2027

Posted by Ajit on April 27th, 2021

V2X Industry Outlook:

The global V2X market, according to a new research reportpublished by Market Research Future (MRFR), is poised to record a considerablemarket valuation at a modette CAGR over the assessment period.

Drivers and Restraints

The V2X market has observed remarkable growth in recent times,primarily due to the start of advanced technology in automobiles as innovativedriver assistance methods. Rapidly growing safety concerns among consumers, andincreased emphasis by the insurance corporations, the market for V2X ispredicted to register a high growth rate. Increasing demand for vehicles andthe continually growing production is expected to have a significantcontribution in the V2X market. Rapiddeveloping infrastructure across the globe to accommodate the altering tide inthe automotive industry will have a promising impact on the V2X market.Furthermore, growing demand for real-time traffic data and the expansion ofconnected vehicles are projected furtherto enhance the need for V2X in themarket. With government authorities framing policies to backing majorautomotive producers to push for technological improvement, the demand for V2Xis slated for notable growth over the review period.

On the other hand, the high primary cost connected with V2X islikely to act as a significant limiting factor in the global V2X market overthe foreseeable future.

Segmental Analysis

The global market forV2X has been analysed on the basis ofpropulsion, communication type, and component type. Based on the communicationtype, the v2x market has been segmented intoV2C, V2V,V2G, V2P, V2D, and V2I.Based on the component type, the V2X market has been segmented as Hardware andSoftware. Based on the propulsion type, the global V2X market has beenbifurcatedintoE.V.andICE.

Regional Overview

On the basis of region, the global V2X market trend has been analysed in North America, Middle East &Africa,Asia Pacific,Europe, and Latin America.
Additionally, the Asia Pacific region is one of the key regional markets acrossthe world for V2X and is slated to record a considerable market share throughthe review period. The V2X market is presently thriving in the Asia Pacificregion. The increasing vehicle manufacture in this region is one of the majordriving factors for the growth of the market. Improving infrastructure in thisregion, along with emerging living standards, has positively impacted theautomotive industry as a whole. Increasing The availability of vehicleelectrification in the Asia Pacific region is also anticipated to impact theV2X market positively. The low-cost labour in the Asia Pacific has also been acritical factor in the V2X market. Furthermore, the rapidly growing automotiveinfrastructure in this region is anticipated to lay the foundation for the swiftexpansion of the automotive industry.

North America and Europe are the two other substantial regions,primarily due to the established automotive industry in these regions. Thepresence of primary producers in the developed economies of these regions isalso a key driver for the V2X industry. Growing investment in research anddevelopment allows producers in this region to create new methods and productsto tap capitalizing on the impending market trends.

The automotive industry in Latin America and the Middle East is ata promising stage, which offers favourable conditions forV2Xmarket growth. The market for V2X is predicted to have steady growth overthe review period. These regions are likely to be profitable in the foreseeablefuture, with numerous automotive manufacturers growing investments tocapitalize on the ample demand in these regions.

Complete Business Report@ https://www.marketresearchfuture.com/reports/v2x-market-5513  

Competitive Analysis

The key market players identified by MRFR in the global V2X marketare NXP Semiconductors (Netherlands), Continental (Germany), Delphi Automotive(U.K.), Qualcomm (U.S.), and Robert Bosch (Germany).

About Market Research Future:

Market Research Future (MRFR) is a global market research firmthat takes great pleasure in its services, providing a detailed and reliablestudy of diverse industries and consumers worldwide. MRFR's methodologyintegrates proprietary information with different data sources to provide theclient with a comprehensive understanding of the current key trends, upcomingevents, and the steps to be taken based on those aspects.

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