Cellular Vehicle to Everything Market is set to see healthy CAGR during 2018 to 2025 - PowerPoint PPT Presentation

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Cellular Vehicle to Everything Market is set to see healthy CAGR during 2018 to 2025

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The Cellular Vehicle-to-Everything (C-V2X) Market growth is characterized by technological advancements in vehicle telematics & infotainment systems and the growing emphasis on strengthening the regulations for driver safety by government institutions. Increasing number of fatalities in road accidents is prompting transport departments to undertake new initiatives to minimize the accidents by allowing vehicles to communicate with their surroundings. According to the World Health Organization’s global status report on road safety 2018, the number of annual road traffic fatalities reached 1.35 million. The growing uptake of vehicles is leading to an increase in traffic on freeways as well as in urban and rural areas. This has led government institutions to frame new legislation to curb the impact of road accidents by strengthening the norms for driver safety. – PowerPoint PPT presentation

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