Automotive V2X Market worth $12,859 million by 2028

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MarketsandMarkets Presents

Automotive V2X Market worth 12,859 million by
2028
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The report "Automotive V2X Market by Connectivity
(DSRC, and Cellular), Communication (V2V, V2I,
V2P, V2G, V2C, and V2D), Vehicle (Passenger Car,
and Commercial Vehicle), Propulsion (ICE and EV),
Unit, Offering, Technology, and Region - Global
Forecast to 2028", is projected to grow at a CAGR
of 44.2 to reach USD 12,859 million by 2028 from
an estimated USD 689 million in 2020. The
demand for safe and connected vehicles, increased
EV sales, government regulations to curb
emissions, and need to reduce traffic congestion
are driving the overall automotive V2X market.
OEMs, in collaboration with automotive V2X
players, have installed V2X in their models,
which is expected to drive the growth of the
automotive V2X market. Browse 136 market data
Tables and 50 Figures spread through 182 Pages
and in-depth TOC on "Automotive V2X Market OBU
is expected to hold the largest share of
automotive V2X market, by unit The increase in
sales of vehicles equipped with V2X is the key
factor driving the OBU segment, as every vehicle
will be equipped with OBUs for V2X communication.
Some of the top players in the automotive V2X
market offering OBUs are Denso, Cohda Wireless,
and Savari, among others. OBUs are the main units
used for all communications such as V2V, V2I, and
V2P.
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sp?id90013236 ICE segment is estimated to be
the fastest and largest automotive V2X market, by
propulsion The growth of the ICE segment is due
to the fact that V2X directly helps in improving
fuel economy, which further helps reduce
pollution. The pollution caused by transportation
is a major issue faced across the globe. The
optimization of traffic by application of the V2X
would enable the reduction of fuel consumption.
The number of ICE vehicles equipped with V2X is
high, and more vehicles are expected to be
launched during the forecast period. This would
also drive the ICE V2X market. North America is
expected to be the fastest automotive V2X market,
by region The growth of the North American
automotive V2X market can be attributed to the
high sales of vehicles equipped with V2X, such as
Cadillac CTS and Mercedes-Benz E-Class in the
region. The presence of top V2X players such as
Qualcomm Technologies, Harman International, and
Savari would also contribute to the growth of the
North American automotive V2X market.
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• The automotive V2X market is dominated by
  globally established players such as Robert Bosch
  GMBH (Germany), Continental AG (Germany),
  Qualcomm Technologies, Inc. (US), Autotalks Ltd.
  (Israel), and Delphi Technologies (UK). In
  September 2018, Autotalks announced the launch of
  the V2X solution. The second generation V2X
  chipset is the only available solution capable of
  supporting both DSRC and C-V2X direct
  communications (PC5 protocol) at the highest
  security level. In April 2019, Qualcomm
  Technologies partnered with Audi AG, Ericsson,
  SWARCO Traffic Systems GmbH, and the University
  of Kaiserslautern to demonstrate the worlds
  first cross-border C-V2X direct communication in
  San Diego, California.
• Key questions addressed by the report
• Where will all recent developments take the
  automotive V2X market in the mid- to long-term?
• How are the increasing adoption of electric
  vehicles and changing environmental norms
  affecting the automotive V2X market?
• What are the features in which cellular
  outperforms DSRC connecitivty?
• Who are the key players in the market, and how
  intense is the competition?
• How will the combination of vision-based sensors
  and V2X work in real-world situations?
• Request FREE Sample Report _at_ https//www.marketsa
  ndmarkets.com/requestsampleNew.asp?id90013236

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