According to Bis Research, The automotive V2X market is expected to reach $10.55 billion by 2025. The automotive V2X market valued at $5.78 million and 19.6 thousand units in 2019, in terms of value and volume and is anticipated to grow at CAGRs of 265.87% and 268.49% respectively, during the forecast period, 2020-2025.

The evolution of the automobile industry can be attributed to the ever-changing buyer’s preferences, escalated focus on passenger safety, environmental concerns, and stringent government rules and regulation, aiming for minimal road accidents. In the past few years, vehicles have witnessed rapid technological advancements regarding passenger safety, communication capabilities, and driving experience, owing to the increase in focus from automakers and consumers to enhance safety and comfort in the vehicles. These goals of automakers are profoundly supported by numerous federal authorities such as the National Highway Traffic Safety Administration (NHTSA), European Commission (EC), and Departments of Transportation (DoT) in numerous regions. This is expected to advance vehicle safety on public roads with the integration of vehicle-to-everything (V2X) communication in automobiles.

The automotive V2X market has been segmented on the basis of application type, product type, and region, which is further segment into countries. The everlasting benefits of V2X technology has led the automotive OEMs partnered with tier-one manufacturers, network providers, and various government entities, among others, to carry out the trials of V2X in different regions, globally. Additionally, huge investments for infrastructure development by government and federal agencies to aid V2X technology are further bolstering the growth of automotive V2X market. However, certain challenges, lack of proper infrastructure, latency issues and concerns over user data, among others, are still major roadblocks for the V2X technology.

Light Vehicles Dominating the Automotive V2X Market:

The automotive V2X market by application is segmented into light vehicles and heavy vehicles. The light vehicles V2X segment dominates the global automotive V2X market and is anticipated to be the largest growing segment, owing to the increase in number of connected cars in the U.S., China, Germany, and U.K, among others.

Impact of COVID-19 on Automotive Manufacturing Industry:

The impact of COVID-19 has a severely affected the world, owing to social distancing and global lockdowns. Numerous industries have been hampered at a global scale with economies facing acute downfalls. However, even before COVID-19, the automotive industry had been facing numerous challenges including reduced sales in many markets. Furthermore, the coronavirus pandemic has turned those challenges into a crisis. The primeval concerns over a disruption in the China automotive industry escalated to a large scale, involving industries in Europe, U.S., and India, among others.

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Key Companies in the Automotive V2X Market:

The companies profiled in the report are AutoTalks Ltd, Cohda Wireless, Continental AG, Denso Corporation, HaaS Alert, HARMAN International, Huawei Technologies Co., Ltd., Lear Corporation, Neusoft Corporation, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, Rohde & Schwarz, Savari, Inc., and Infineon.

Business Dynamics:

The market dynamics section of the report examines the diverse factors which govern the process of manufacturing, distribution, and usage of automotive V2X system globally. This analysis provides an in-depth understanding of the present and the future directions in which the market is headed and the impact of various factors on the same. This chapter covers the major market dynamics, namely the drivers, challenges, and the opportunities, analyzing several factors that positively and negatively affect the automotive V2X market.

Scope of the Automotive V2X Market:

The report constitutes of an extensive study of the automotive V2X market. The report includes a thorough analysis of different products, such as DSRC and C-V2X technology. Additionally, the study also includes the end-use application analysis of the automotive V2X market. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and predictive tools. The principal purpose of this market analysis is to examine the automotive V2X market outlook in terms of factors driving the market, restraints, trends, and opportunities, among others.

The market analysis includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. It includes market dynamics (market drivers, opportunities, and challenges) and industry analysis. The purpose of the study is to gain a holistic view of the automotive V2X market in terms of various factors influencing it. The market has been segmented on the basis of product type, application type, and region.

Key Questions Answered in the Report:

The research has been conducted to answer some of the most crucial questions about the automotive V2X market:

 What will be the impact of V2X communication on the automotive industry?
 What are the key factors promoting V2X connectivity across different regions?
 What is the penetration of C-V2X and DSRC across different regions?
 What is the penetration of V2X in light vehicles and heavy vehicles?
 What are the roles and initiatives from governments, associations and consortium bolstering the V2X communication?
 What is the competitive positioning of various market leaders in the automotive V2X market?
 What are the key offerings of the prominent companies in the market?
 What regions and countries led the automotive V2X market in 2019, and which among those are expected to witness the highest demand growth during the forecast period, 2020-2025?
 What are the key drivers, challenges, and opportunities for automotive V2X market players?

About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

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