V2X is comprised of wireless communication from vehicle-to-infrastructure (V2I) and from vehicle-to-vehicle (V2V) and envisioned as network stations along highways and roads. DSRC (Dedicated short range communications) is a proposed V2X standard for North America which uses 802.11p protocol in 5.9 GHz band. The ATA (American Trucking Associations) and Toyota endorsed this DSRC method.

Rising automotive industries has become the major contribution in target market growth. Technological advancement in automotive sector has further, facilitated the target market growth. To increase safety of road by enabling vehicles for communicating their speed, position and direction by mesh network is expected to provide lucrative opportunities in Automotive V2X Market growth in coming years.

The report “Automotive V2X Market, By Vehicle Type (Commercial Cars, Passenger Cars), By Communication (V2I, V2V, V2G, V2C, V2P, V2D), By Connectivity (Cellular, DSRC), By Propulsion (EV, ICE), By Unit (Roadside Units, On-Board Units), Offering, Technology and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

• In June 2018, Commsignia launched new “C-V2X Roadside and Onboard Unit Product Line” to pave the way for 5G-enabled self-driving cars. New launched “ITS-OB4-C” and “ITS-RS4-C” are designed to allow OEMs (original equipment manufacturers) and Tier-1 suppliers across the globe for implementing custom use-cases with application developers.

• In January 2019, FORD Company committed and deployed C-V2X technology on new vehicle models from beginning of 2022 in United States. C-V2X work with Ford Co-Pilot360 and enable vehicles to receive updates about traffic, risk on roads and also provide warning alerts for safety driving.

Analyst View:

Presence of major companies and new product launch has become major contribution in target market growth. Growing automobile production with innovative technology to fulfill needs of an individual towards demand for vehicles is anticipated to increase the demand for Automotive V2X Market growth over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Automotive V2X Market, By Vehicle Type (Commercial Cars, Passenger Cars), By Communication (V2I, V2V, V2G, V2C, V2P, V2D), By Connectivity (Cellular, DSRC), By Propulsion (EV, ICE), By Unit (Roadside Units, On-Board Units), Offering, Technology and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Automotive V2X Market accounted for US$ 8.5 Billion in 2024 and is estimated to be US$ 21 Billion by 2034 and is anticipated to register a CAGR of 10.40%. The Automotive V2X Market is segmented based on Vehicle Type, Communication, Connectivity, Propulsion, Unit, Offering, Technology and Region.

• Based on Vehicle Type, Automotive V2X Market is segmented into Commercial Cars, Passenger Cars.
• Based on Communication, Automotive V2X Market is segmented into V2I, V2V, V2G, V2C, V2P and V2D
• Based on Connectivity, Automotive V2X Market is segmented into Cellular, DSRC.
• Based on Propulsion, Automotive V2X Market is segmented into EV, ICE
• Based on Unit, Automotive V2X Market is segmented into Roadside Units, On-Board Units.
• Based on Offering, Automotive V2X Market is segmented into Hardware and Software.
• Based on Technology, Automotive V2X Market is segmented into Intelligent Traffic Systems, Automated Driver Assistance, Passenger Information System, Emergency Vehicle Notification, Parking Management System, Fleet & Asset Management, Non-line of Sight, Line of Sight, Backing and Others.
• By Region, the Automotive V2X Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Automotive V2X Market:

The prominent players operating in the Automotive V2X Market includes, Qualcomm Inc., Continental AG, Robert Bosch GmbH, Autotalks Ltd., Cohda Wireless, Altran, STMicroelectronics, Infenion Technologies AG, Savari Inc., NXP Semiconductor, and others.

To know more

Contact Us:

Sales

Prophecy Market Insights

 U.S.  1 860 531 2574

RoW: 917775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com