The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with market drivers, restraints, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
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Key Drivers of the Automotive V2X Market:
The global automotive V2X market is expected to witness an upsurge in demand during the forecast period. The growing concerns among the population regarding the safety and security on the road due to the rising number of accidents and increasing government support for the adoption of V2X systems in the vehicles, are the major factors that are surging the demand of the market. Moreover, continuous technological advancements in autonomous driving and 5G technology, followed by the accelerating demand for safe and autonomous vehicles, are further supporting the growth of the market over the forecast period. In addition to this, the increasing integration of the V2X technology in the automobiles, especially the luxury brands, and the growing emphasis of the automobile manufacturers to deploy the V2X systems at a lower-price are some other factors supporting the market growth.
The growing concerns related to the environment, increasing sales of electric vehicles, and various advantages related to the deployment of V2X technology in the vehicles including the improved traffic safety, convenience, time & money savings and the ability to decrease the environmental impact as it reduces the fuel consumption and CO2 emissions, will have a positive impact on the market. As per the automotive V2X market report, the increasing concerns regarding the cyberattacks and the various challenges regarding the reliability of the system are likely to hamper the market.
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This report splits the market as follows:
- Vehicle-To-Infrastructure (V2I)
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Pedestrian (V2P)
- Vehicle-To-Grid (V2G)
- Vehicle-To-Device (V2D)
- Vehicle-To-Cloud (V2C)
- Emergency Vehicle Notification
- Intelligent Traffic System (ITS)
- Fleet & Asset Management
- Passenger Information System
- Parking Management System
- Automated Driver Assistance
- Non-Line of Sight
- Line of Sight
By Vehicle Type:
- Commercial Vehicle
- Passenger Car
- Roadside Unit (RSU)
- On-Board Unit (OBU)
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
The Automotive V2X Market report also scans the competitive landscape and profiles the major players operating in the market, including Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Chevron Corporation, China National Petroleum Corporation, Royal Dutch Shell, China Petroleum & Chemical Corporation, Petroliam Nasional Berhad (PETRONAS), Phillips 66 Company, Valero Marketing and Supply Company, and Qatar Petroleum, among others.
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