Automotive Vehicle-to-Everything Market Size Worth $26.72 Billion By 2025: Grand View Research, Inc.

Posted on 2018-10-05 by researchinsights in Automotive, Technology, Transportation & Logistics, Travel // 0 Comments

San Francisco, United States, 2018-Oct-05 — /EPR Network/ —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 transition, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in the 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 of V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.

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

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

Automotive Vehicle-to-Everything (V2X) market by region, 2014-2025 (USD Million)

Further key findings from the study 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 how is data security, anonymity and privacy maintained.
Synchronized real-time data will be a key factor in determining the growth for 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.

Related Report of Next Generation Technologies:

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
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
Asia Pacific
- China
- Japan
South America
- Brazil

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-automotive-vehicle-to-everything-v2x-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Matched content

Editor’s pick