Million Insights
Market Research Released A New Research Report On Global Automotive
Vehicle-to-Everything (V2X) Market - Forecast Up To 2025. Report Provide
Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And
Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core
Competencies, And Drawing A Competitive Landscape For The Market.
Pune, India: Oct. 28,
2019 - Automotive Vehicle-to-Everything (V2X)
Market was USD 2.83 billion and it is expected to grow considering the
feature like automobile safety and superior traffic management. The industry is
moving towards sustainable growth. Vehicular communication system incorporates
more specific type of communication such as V2I, V2V, V2P, V2D, and V2G. The
convenience aspect of vehicles has increased due to safety features and
communication technology. The consumer demands for safety has increased and it
act as driver for this industry’s market growth.
Technological advancement has lead to driverless and
automatic cars which is still under research stage and its commercialization is
expected soon. Driverless transportability can be achieved with the help of V2X
communication technologies. V2X is all about communicating with automobiles
which will have potential threat like hacking and manipulation. Security
feature thus become a important factor for growth of this market. This
technology is based on WLAN and it works between vehicles within each other’s
range. Key aspect for implementing these technologies will be a definite
framework for its integration.
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visit @ https://www.millioninsights.com/industry-reports/automotive-vehicle-to-everything-v2x-market/request-sample
Passenger car in this segment is predicted to dominate market
as it did in 2015. Despite this the demand for commercial vehicle is high than
passenger car. Boom in construction sector have increased commercial vehicle
sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for
automotive production.
The need for safety in Commercial vehicle is high due to
more travel time that will drive the automotive V2X market. The growth rate
will be 30% in this segment over the forecasted period.
Regional Insights
It is estimated that North America will have largest market
share in automotive V2X market. Canada and U.S. in this region will adopt
technology with ease due to its infrastructure and technological advancement.
This region has approx. 26% of population of world running on road. High rate
of greenhouse emission and traffic congestion are serious issues in this
region. The implementation of V2X system will act as solution to these problems
acting as important driver for growth of this market.
The automotive industry in Europe is governed by rigorous
safety and emission norms. Features such as cruise control, blind spot
detection and lane assist uses V2V communication and will enable growth of
automotive V2X market in future.
To Browse Complete
Report visit @ https://www.millioninsights.com/industry-reports/automotive-vehicle-to-everything-v2x-market
Market Segment:
Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014 -
2025)
• Vehicle-To-Vehicle (V2V)
• Vehicle-To-Infrastructure (V2I)
• Vehicle-To-Pedestrian (V2P)
• Vehicle-To-Home (V2H)
• Vehicle-To-Grid (V2G)
• Vehicle-To-Network (V2N)
Automotive V2X Connectivity Type outlook (Revenue, USD Million; 2014 -
2025)
• DSRC
• Cellular Connectivity & Others
Automotive V2X Vehicle Type outlook (Revenue, USD Million; 2014 - 2025)
• Passenger Cars
• Commercial vehicles
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