V2X Communication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

V2X (Vehicle to Everything) is a technology which enables a vehicle to communicate with various entities that may affect the vehicle. V2X communication helps in providing a better driving quality and avoiding road accidents.V2X communication is aiding for the development of autonomous vehicles which are capable of providing more safety and better infrastructure optimization. Companies like FedEx are using V2X communication to monitor their vehicle and increase their efficiency.

MARKET SCOPE

The "Global V2X Communication Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the V2X communication market with detailed market segmentation by unit communication type, propulsion type, vehicle type, and geography. The report provides key statistics on the market status of the leading V2X communication players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

•   Based on communication type, the global V2X communication market is segmented on-V2V, V2I, V2P, V2C, V2G, and others.
  
•   On the basis of propulsion type, the market is segmented into internal combustion engine (CE), electric vehicles (EV).
  
•   Based on vehicle type, the market is bifurcated into passengercars, commercial vehicles.
  

MARKET DYNAMICS
Drivers:

•   Rise in dependency on the internet
  
•   Rapid development for autonomous vehicles by major auto manufacturers and integration of connected technologies
  

Restraints

•   Lack of standardization and shortage of IT resources
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The V2X communication market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the V2X communication market in these regions.

IMPACT OF COVID-19 ON V2X COMMUNICATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

V2X Communication Market Report Analysis

V2X Communication Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Cisco Systems Inc.
• Continental AG
• DENSO CORPORATION
• General Motors Company
• HARMAN International
• Infineon Technologies AG
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• STMicroelectronics

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Communication Type

• V2V
• V2I
• V2P
• V2C
• V2G

By Propulsion Type

• Internal Combustion Engine
• Electric Vehicles

By Vehicle type

• Passenger Car
• Commercial Vehicle

MARKET PLAYERS

The report covers key developments in the V2X communication market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from V2X communication market are anticipated to lucrative growth opportunities in the future with the rising demand for V2X communication market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the V2X communication market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Continental AG
  
•   Volkswagen AG
  
•   Toyota Motor Corporation
  
•   General Motors Company
  
•   NXP Semiconductors N.V
  
•   Robert Bosch GmbH
  
•   Tomtom NV
  
•   Cisco Systems, Inc.
  
•   Denso Corporation
  
•   Savari, Inc.
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

V2X Communication Market Report Scope