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.
Browse full research report on Automotive
Vehicle-to-Everything (V2X) Market: 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 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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/emerging-and-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
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.
No comments:
Post a Comment