Insights: Automotive V2X market to Grow 48% CAGR from 2024-2030
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07 Oct 2024 03:45:16 pm.
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Automotive V2X Market Growth Insights with Opportunities, Trends, Drivers, and Challenges for 2024-2030
According to the most recent analysis, the Global 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. The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources. The Automotive V2X Market offers an overall analysis of the market size and development trends over the next five years (2024-2030) using both quantitative and qualitative methods.
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Market Report Scope:
Base year of the Analysis: 2023
Historic Period: 2019
Forecast Period: 2024-2030
Report Delivery Format: PDF, Excel, and PowerPoint formats, within 24 hours of the payment being successfully received
Global Automotive V2X Market Opportunity:
Rising Adoption of Electric and Autonomous Vehicles: Globally, the trend of adoption of autonomous and electric vehicles is rising. As per the International Energy Agency, in 2023, electric vehicle sales accounted for around 14 million, rising 35% YoY from 2022. The electric vehicle sales in the last during 2019-24 have grown by nearly six times. Whereas the semi-autonomous also showed significant growth. According to by Goldman Sachs, by 2030, 10% of total automobiles worldwide would have Level-3 autonomy.
These automobiles will come with various smart and connected technologies such as assisted driving or self-driving capabilities, that provide the driver with an enhanced driving experience. Apart from the changing policy across the globe regarding the adoption of V2X technologies, major automakers will also provide significant growth opportunities to the Global Automotive V2X Market over the forecasted period.
Automotive V2X Market - Competitive and Segmentation Analysis:
The market is divided into key segments based on various categories. Analyzing the growth within these segments will highlight areas of limited growth in the industry and provide valuable insights and an overview to assist users in making informed strategic decisions for identifying core market opportunities.
By Offering
-Hardware
-Software
By Communication Type
-Vehicle-to-Vehicle (V2V) Communication
-Vehicle-to-Infrastructure (V2I) Communication
-Vehicle-to-Pedestrian (V2P) Communication
-Vehicle-to-Home (V2H) Communication
-Vehicle-to-Grid (V2G) Communication
-Vehicle-to-Network (V2N) Communication
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By Connectivity Type
-Dedicated Short Range Communications (DSRC)
-Cellular Connectivity
By Vehicle Propulsion Type
-Internal Combustion Engine (I.C.E.)
--Passenger Vehicles
--Commercial Vehicle
-Electric Vehicle
By Sales Channel
-OEM
-Aftermarket
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Who Are the Leaders in the Automotive V2X Market ?
The competitive landscape of the market offers insights into various competitors, including company overviews, financial performance, revenue generation, market potential, and investment in research and development. It also highlights new market initiatives, production sites and facilities, production capacities, as well as the strengths and weaknesses of each company. Additionally, the analysis covers product launches, product range, and application dominance. These data points specifically focus on the companies' strategies and positioning within the market.
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. and Others.
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