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Automotive Vehicle-to-Everything Market Expected to Cross $26.72 Billion By 2025: Grand View Research, Inc.

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Automotive Vehicle-to-Everything Market Expected to Cross $26.72 Billion By 2025: Grand View Research, Inc.

August 09
16:24 2019
Automotive Vehicle-to-Everything Market Expected to Cross $26.72 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global automotive Vehicle-to-Everything (V2X) market size was valued at USD 2.83 billion in 2015 and is expected to witness a significant growth owing to high demand for automobile safety features and better traffic management.

The global automotive vehicle-to-everything (V2X) market is expected to reach USD 26.72 billion by 2025 according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transition, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in the vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the of V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.

There are numerous benefits for implementation of V2X communication systems, however they are surrounded by challenges. The main challenge for automotive V2X market to grow is significantly is the need for robust legal framework. Another important challenge is built a secure system which ensures privacy, authenticity and security for all types of V2X communication.

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market

Automotive Vehicle-to-Everything (V2X) market by region, 2014-2025 (USD Million) 

Automotive Vehicle-to-Everything (V2X) market by region, 2014-2025 (USD Million)

Key Takeaways from the report:

  • Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G and V2I communication type market
  • With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about how is data security, anonymity and privacy maintained.
  • Synchronized real-time data will be a key factor in determining the growth for the automotive V2X market.
  • The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024.
  • Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others.
  • The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage.

Automotive Vehicle-to-Everything (V2X) market, by vehicle type, 2015 (USD Million)

Automotive Vehicle-to-Everything (V2X) market, by vehicle type, 2015 (USD Million)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market/request/rs5

Grand View Research has segmented the market on the basis of communication type, connectivity type, vehicle type, and region:

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

Automotive V2X Regional outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
  • South America
    • Brazil

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Company Name: Grand View Research, Inc.
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Website: www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market