At 24.1% CAGR, Global Automotive V2X Market Size & Share to Surpass USD 33,246 million by 2026: Industry Trends & Forecast Report
Polaris Market Research provides a deep analysis of the Automotive V2X which evaluates business solutions, assesses, research and development, application, benefits, advantage, scope, and operations. This report offers an in-depth analysis and development of industry major manufacturers, key drivers, opportunity, challenge, international suppliers also deep study on risks and entry barriers. It also offers competitive analysis on the latest technology, trend, innovation, future scope, Industry Share, sales, revenue generation, investment analysis, and overall business scenario.
These studies also involve the important achievements of the market, research & development, new product launch, regional growth, leading competitors over the universal and local scale. The industry report analysis and insights of manufacturers steering growth, revenue, share, supply, opportunity, challenges, and restrain development. It also the expansion of Industry regional as well as global fats and figure.
The global Automotive V2X Market size was valued at USD 4,870 Million in 2017 and is anticipated to reach USD 33,246 Million by 2026, to grow at a CAGR of 24.1% during the forecast period.
The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the automotive V2X market growth. The adoption of automotive V2X systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. The increasing traffic congestion across the globe, growing environmental concerns, and rising demand for advanced vehicles further accelerate the adoption of automotive V2X systems in the coming years. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive V2X market in the coming years.
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What Does the Report Include?
- Status of the Automotive V2X Market in world view.
- Top companies operating in the market.
- Import-Export policies regarding the products/services in the Automotive V2X Market.
- Research and development activities.
- Major research agenda in industry segments.
- Segmentation according to application, type, and geography.
- Comparative study of the domestic and international prices of the products and services and related price fluctuations.
- Worldwide Automotive V2X Market’s driving forces and roadblocks
In 2017, Asia-Pacific accounted for the highest share in the global automotive V2X market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive V2X systems in the region. The rising need to efficiently manage traffic flow, and improve road safety has boosted the adoption of V2X technology. The economic growth in countries such as China and India, leading to rising living standards and high disposable income coupled with expansion of global players into these countries to tap market potential boosts the market growth.
The companies operating in this market include Delphi Automotive PLC, Robert Bosch GmbH, NXP Semiconductors, TomTom International B.V., Cisco Systems, Inc., Continental AG, Infineon Technologies, Harman International, Qualcomm, and Cohda Wireless. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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- Market Size & Forecast by Revenue
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Component, by Type, by Deployment Mode, by Vertical, and by Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Moreover, the research reviewer has also explained the impact of the Covid-19 outbreak on the global Automotive V2X Market and related factors including supply chain analysis, effect estimations on target market size growth rates in various scenarios, and the steps that major firms would take in reaction to the epidemic. The report then focuses on regional and application markets along with existing and future trends. The historical evaluation given in this report supports demand growth at the global, national, and regional levels. Web communities, online forums, surveys, and interviews are utilized to acquire data for the market study report.
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