Automotive V2X Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

MarkNtel Advisors recently published a detailed industry analysis of the Automotive V2X Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Automotive V2X Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Automotive V2X Market size is valued at USD 0.74 billion in 2024 & is projected to reach USD 11.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2024-30.

What are the major Driver the Automotive V2X industry?

Policy Push Regarding Road Safety – The Global Automotive V2X Market shows healthy growth due to rising awareness and policy push regarding road safety. According to the United Nations, each year around 1.19 million deaths happen due to traffic accidents. To prevent such tragedies and improve road safety, authoritative bodies and automobile manufacturers are adopting smart connectivity technologies such as vehicle-to-everything (V2X). For Instance,

August 2024: The US Department of Transportation announced that they will be deploying V2X technology throughout the country aligning with their commitment to decrease fatalities on road to zero

September 2023: 5G Automotive Association in an open statement highlighted the commitment of the European automakers representing 70% of the market to adopt the 5G-V2X as the technology for direct connectivity in automobiles

These developments highlight the positive future outlook of the Global Automotive V2X Market, where it is expected to see a significant number of new automobiles getting equipped with smart connectivity from the start.

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What segments define the Automotive V2X market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

·       By Connectivity Type

o   Dedicated Short Range Communications (DSRC) - Market Size & Forecast 2019-2030, USD Million

o   Cellular Connectivity- Market Size & Forecast 2019-2030, USD Million

·       By Vehicle Propulsion Type

o   Internal Combustion Engine (I.C.E.)

§  Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million

§  Commercial Vehicle- Market Size & Forecast 2019-2030, USD Million

o   Electric Vehicle- Market Size & Forecast 2019-2030, USD Million

According to report, Internal Combustion Engine vehicles hold the largest market share in the Global Automotive V2X Market based on the vehicle propulsion type segment.

·       By Offering

o   Hardware- Market Size & Forecast 2019-2030, USD Million

o   Software- Market Size & Forecast 2019-2030, USD Million

·       By Communication Type

o   Vehicle-to-Vehicle (V2V) Communication- Market Size & Forecast 2019-2030, USD Million

o   Vehicle-to-Infrastructure (V2I) Communication- Market Size & Forecast 2019-2030, USD Million

o   Vehicle-to-Pedestrian (V2P) Communication- Market Size & Forecast 2019-2030, USD Million

o   Vehicle-to-Home (V2H) Communication- Market Size & Forecast 2019-2030, USD Million

o   Vehicle-to-Grid (V2G) Communication- Market Size & Forecast 2019-2030, USD Million

o   Vehicle-to-Network (V2N) Communication- Market Size & Forecast 2019-2030, USD Million

According to report, The Vehicle-to-Vehicle (V2V) type of communication holds the largest market share in the Global Automotive V2X Market.

·       By Sales Channel

o   OEM- Market Size & Forecast 2019-2030, USD Million

o   Aftermarket- Market Size & Forecast 2019-2030, USD Million

Explore the Complete Automotive V2X Market Analysis Report – https://www.marknteladvisors.com/research-library/global-automotive-v2x-market.html

Geographical Analysis: Automotive V2X Market

o   North America

o   South America

o   Europe

o   The Middle East & Africa

o   Asia-Pacific

Automotive V2X Market Share & Competitive Landscape:

The Automotive V2X Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Automotive V2X Market are:

• Continental AG
• Lear Corporation
• Qualcomm, Inc.
• NXP Semiconductors
• LG Vehicle Component Solutions
• Commsignia
• HARMAN International
• Mobileye
• Miovision
• Infineon Technologies AG
• Denso Corporation
• Autotalks Ltd.
• Cohda Wireless
• Neusoft Corporation
• Huawei Technologies Co., Ltd.

 Automotive V2X Industry Recent Development:

• August 2024: Commsignia and Bosch have joined forces to provide safety solutions for the vulnerable road users. Combing Bosch’s camera with AI-driven video analytics coupled with Commsignia’s V2X solution to create a digital twin of the traffic for better road safety on vulnerable roads. 
• April 2024: Denso has launched, MobiQ, an aftermarket smart-mobility and vehicle-to-everything product and solution. 
• January 2024: Infineon Technologies AG in partnership with OMRON Social Solution has created a small and light V2X charging system, that can increase its power efficiency by 10% on light load and 4% at rated load.

 Questions Addressed in this Study

1.What factors are driving the Automotive V2X Market growth?

2.How is the Automotive V2X Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Automotive V2X Market?

4.What is the current size of the Automotive V2X Market, and how is it projected to change in the future?

6.What is the future outlook for the Automotive V2X Market in terms of technological advancements and market expansion?

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