The Global Vehicle-to-everything Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Continental (Germany), Qualcomm (United States), NXP Semiconductors (Netherlands), Bosch (Germany), Delphi (United Kingdom), Autotalks Ltd. (Israel), Capgemini Engineering (France), Cohda Wireless (Australia), Continental AG (Germany), Delphi Technologies (United Kingdom), HAAS, Inc. (United States), Harman International (United States).
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The Global Vehicle-to-everything Market was valued at USD Million in 2023 and is expected to reach USD Million by 2029, growing at a CAGR of 18.6% during 2023-2029.
Definition:
“According to HTF Market Intelligence, the Global Vehicle-to-Everything (V2X) market is expected to see a growth rate of 18.7% and may see a market size of USD7.26 Billion by 2028, currently pegged at USD2.6 Billion.” Vehicle-to-Everything (V2X) is a technology that enables communication between vehicles (V2V), as well as between vehicles and various elements in their environment (V2I, V2N, V2P, and more). These communications can occur wirelessly using various technologies, including Wi-Fi and cellular networks, and they have the potential to greatly improve road safety, traffic efficiency, and overall transportation systems. Here are the key components of V2X communication:
V2V (Vehicle-to-Vehicle): V2V communication allows vehicles to exchange information with nearby vehicles. This can include data on speed, position, direction, and other relevant information to enhance safety and coordinate driving maneuvers. For example, if one vehicle detects an impending collision, it can send a warning signal to other nearby vehicles.
V2I (Vehicle-to-Infrastructure): V2I communication involves vehicles communicating with roadside infrastructure, such as traffic signals, road signs, and traffic management systems. This enables real-time data sharing between vehicles and infrastructure to optimize traffic flow and improve safety. For instance, traffic lights can adjust their timing based on traffic conditions.
Market Trends:
Vehicle-to-Everything (V2X) communication is a technology that enables vehicles to communicate with various elements in their environment, including other vehicles (V2V), infrastructure (V2I), pedestrians (V2P), and the cloud (V2C). V2X has the potential to significantly enhance road safety, traffic efficiency, and overall transportation systems. Here are some trends in V2X technology as of my last knowledge update in September 2021:
5G Connectivity: The rollout of 5G networks has the potential to greatly improve the capabilities of V2X communication. 5G provides lower latency, higher bandwidth, and better reliability, which is crucial for real-time communication between vehicles and infrastructure.
Connected and Autonomous Vehicles (CAVs): As autonomous vehicles become more prevalent, V2X communication will play a pivotal role in ensuring their safety and coordination on the road. V2X can help CAVs exchange data with other vehicles and infrastructure to make real-time decisions.
Market Drivers:
Vehicle-to-Everything (V2X) is a technology that enables vehicles to communicate with various elements of their environment. These communications can occur between vehicles (V2V), between vehicles and infrastructure (V2I), between vehicles and pedestrians (V2P), and more. The primary driver for the development and implementation of V2X technology is to enhance road safety, reduce traffic congestion, and improve overall transportation efficiency.
Here are some key drivers for V2X technology:
Safety: V2X technology can help prevent accidents by providing real-time information about the surrounding environment, potential hazards, and emergency situations. It enables vehicles to communicate their speed, position, and intentions to other vehicles, which can be particularly helpful in avoiding collisions.
Traffic Efficiency: V2X can optimize traffic flow by providing traffic signal data and coordinating traffic patterns. This can help reduce congestion, shorten travel times, and lower fuel consumption.
Target Audience:
Vehicle to Everything Providers
Regulatory Bodies
Potential Investors
New Entrants
Research and Development Institutes
Others
Global Vehicle-to-everything Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Continental (Germany), Qualcomm (United States), NXP Semiconductors (Netherlands), Bosch (Germany), Delphi (United Kingdom), Autotalks Ltd. (Israel), Capgemini Engineering (France), Cohda Wireless (Australia), Continental AG (Germany), Delphi Technologies (United Kingdom), HAAS, Inc. (United States), Harman International (United States)
Additionally, Past Global Vehicle-to-everything Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Vehicle-to-everything market is targeted to aid in determining the features the company should encompass in order to fit into the business’s requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
Vehicle-to-everything Product Types In-Depth: Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Device (V2D), Vehicle-to-Grid (V2G), Others
Vehicle-to-everything Major Applications/End users: Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet & Asset Management, Parking Management System, Line of sight, Non-line of sight, Backing, Others
Vehicle-to-everything Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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