Automotive Vehicle-to-Everything Market Worth $26.72 Billion By 2025

The global automotive vehicle-to-everything (V2X) market is expected to reach USD 26.72 billion by 2025 according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transitions, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.

There are numerous benefits for the implementation of V2X communication systems, however, they are surrounded by challenges. The main challenge for the automotive V2X market to grow is the need for a robust legal framework. Another important challenge is to build a secure system that ensures privacy, authenticity, and security for all types of V2X communication.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market

Further key findings from the report suggest:

• Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G, and V2I communication type market

• With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about data security, anonymity, and privacy maintained.

• Synchronized real-time data will be a key factor in determining the growth of the automotive V2X market.

• The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024.

• Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others.

• The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage.

Grand View Research has segmented the market on the basis of communication type, connectivity type, vehicle type, and region:

Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014 - 2025)

• Vehicle-To-Vehicle (V2V)

• Vehicle-To-Infrastructure (V2I)

• Vehicle-To-Pedestrian (V2P)

• Vehicle-To-Home (V2H)

• Vehicle-To-Grid (V2G)

• Vehicle-To-Network (V2N)

Automotive V2X Connectivity Type Outlook (Revenue, USD Million; 2014 - 2025)

• DSRC

• Cellular Connectivity & Others

Automotive V2X Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)

• Passenger Cars

• Commercial vehicles

Automotive V2X Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • The U.K.

  • France

• Asia Pacific

  • China

  • Japan

• South America

  • Brazil