According to a new market report published by Lucintel, the future of the global automotive V2X market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive V2X market is expected to grow with a CAGR of 47% from 2021 to 2026. The major drivers for this market are increasing demand for autonomous vehicles, increasing environment concerns, and advancement in 5G technology.
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In this market, vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to-device (V2D) are the major communications used to manufacture automotive V2X. On the basis of comprehensive research, Lucintel forecasts that V2V communications will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of improved vehicle safety through features, such as forward collision warning (FCW) and lane changing warning (LCW).
Within the global automotive V2X market, the cellular segment is expected to witness the highest growth over the forecast period due to advancement in 5G technology.
Europe is expected to remain the largest market and witness the highest growth over the forecast period due to improved infrastructure facility and presence of top players in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of 5G technology and easy switch to all communication channels, such as C-V2X, DSRC, LTE, and Wi-Fi. Robert Bosch GMBH, Continental AG, Qualcomm Technologies, Inc., Autotalks Ltd., and Delphi Technologies are among the major suppliers of the automotive V2X market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive V2X market by communication, offering, vehicle, connectivity, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive V2X Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive V2X market by communication, offering, vehicle, connectivity, and region, as follows:
By Communication [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian (V2P)
Vehicle-to-Grid (V2G)
Vehicle-to-Cloud (V2C)
Vehicle-to Device (V2D)
By Offering [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Connectivity [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.