According to a new report published by UnivDatos, the Automotive Vehicle to Everything (V2X) Market is expected to grow at an exponential CAGR of around 42% from 2022-2028. The analysis has been segmented into Connectivity [Cellular Connectivity and Dedicated Short Range Communication (DSRC)}; communication (Vehicle-To-Infrastructure (V2I), Vehicle-To-Vehicle (V2V), Vehicle-To-Pedestrian (V2P), Vehicle-To-Cloud (V2C), and Others); vehicle type (Commercial Vehicles and Passenger Cars); Region/Country.
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The automotive vehicle to everything (V2X) report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automotive vehicle to everything (V2X) market. The automotive vehicle to everything (V2X) market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the all-terrain vehicle market at the global and regional levels.
Market Overview
Automotive Vehicle to Everything (V2X) is a technology that allows vehicles to communicate with the surrounding vehicles, pedestrians, and infrastructure. Moreover, the automotive vehicle to everything (V2X) is gaining momentum to increase the safety of road users, traffic efficiency, and energy saving with the help of high-speed connectivity. In addition, the growing demand for the technologies like road assistance, navigation, remote diagnostics, autopilot, SOS assistance, and connected parking is driving the growth of the market. Furthermore, the entry of global players into emerging markets adds to the growth of the market. For instance, In January 2020, Qualcomm Technologies Inc. introduced a new Qualcomm C-V2X reference platform for vehicular and roadside units (RSUs). It complements C-V2X communication solutions by offering computational power to deliver a full suite of 4G and 5G wireless and C-V2X solutions, including multi-frequency GNSS location services for precise positioning, V2X message security, signing and verifications, and V2X Intelligent Transport System (ITS) stacks.
Some of the major players operating in the market include Capgemini Engineering, Autotalks Ltd, Continental AG, Harman International Industries, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc, Robert Bosch GmbH, Savari Inc, STMicroelectronics.
The global automotive subscription services market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
- Based on Connectivity, the market is segmented into Cellular Connectivity and Dedicated Short Range Communication (DSRC). The Cellular Connectivity category is to witness a higher CAGR during the forecast period owing to superior efficiency and mobility safety. Moreover, it is the advanced wireless that enables the vehicle to communicate virtually with everything around them including other vehicles, pedestrians, networks, roadside infrastructure, etc. In addition, raising concern about the safety of the vehicle and everything around it is helping to gain the lucrative growth of this market.
- Based on the communication, the market is categorized into vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), vehicle-to-pedestrian (V2P), vehicle-to-cloud (V2C), and others. Among all these, vehicle-to-vehicle (V2V) hold a significant share in the market in 2020. The vehicle-to-vehicle can provide the drivers with information on other vehicles including the speed, direction, and location, and alert the driver to be aware of any mishappening. The growing number of accidents by blind spots, heavy traffic, intersections, and other terrain issues is driving the growth of the market. For instance, according to the World Health Organization, approximately 1.3 million people die each year because of road traffic crashes.
- Based on the vehicle type, the market is categorized into commercial vehicles and passenger cars. Among all these, Passenger Cars hold a significant share of the market in 2020. Moreover, factors such as the growing demand for passenger cars among private customers is driving the growth of the market. In addition, the potential to reduce collisions, and increase extra safety for the rider as well as everything around.
Explore the Comprehensive Research Overview - https://univdatos.com/reports/automotive-vehicle-to-everything-v2x-market
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the automotive subscription services market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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