Global Automotive V2X Market is expected to reach USD 34.46 Bn by 2030, as per Maximize Market Research.

Automotive V2X Market accounted for USD 3.57 billion in 2023 and is expected to reach USD 34.46 billion by 2030 at a CAGR of 38.2 % during the forecast period.

Automotive V2X Market Overview

The main objectives of V2X technology are to enhance traffic flow, save energy, and increase road safety by enabling vehicles to communicate their location, velocity, and movement with one another through a mesh network. The automotive V2X market is expanding rapidly, with an increasing number of companies participating and investing in the technology. The idea of "vehicle intelligence" has been incorporated into the V2X system, showing great potential for commercial growth. Nearly 615,000 vehicle accidents could be avoided with V2X technology, as stated by the NHTSA. More than 90% of American drivers have shown interest in using a car that has a V2X system installed. The combination of 5G and AI, along with the increasing use of autonomous and semi-autonomous vehicles, has significantly increased the use of V2X technology in recent years. It is anticipated that the Asia Pacific region will dominate the Automotive V2X market in the foreseeable future. The Asia Pacific includes both developing nations like China and India. Over the past few years, this area has developed into a center for producing automobiles. Increasing purchasing power and rising environmental concerns have driven the demand for V2X in the Asia Pacific region. There is anticipated growth in the European automotive V2X market with a notable CAGR during the forecast period. Automotive industry leaders in the area are recognizing the advantages of V2X technology. Europe has made significant advancements in the general adoption of connected car technology, offering V2X developers great opportunities.

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Automotive V2X Market Segmentation

by Vehicle Type

Commercial
Passenger
by Application

Predictive Maintenance
Remote Monitoring and Diagnostics
Parking Management System
Fleet and Asset Management
Passenger Information System
Emergency Vehicle Notification
Intelligent Traffic System
Automated Driver Assistance
By Communication Type

Vehicle-to-Vehicle
Vehicle-to-Network
Vehicle-to-Home
Vehicle-to-Grid
Vehicle-to-Pedestrian
Vehicle-to-Infrastructure
By offering

Hardware
Software
By connectivity type

Cellular
DSRC

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Automotive V2X Market leaders

Intel Corporation (US)
Qualcomm Technologies Inc.(US)
Harman International Industries, Inc.(US)
Nvidia Corporation(US)
NXP Semiconductors N.V.(Netherland)
TomTom International BV.(Netherland)
Autotalks ltd. (Israel)
Cohda Wireless (Australia)
Continental AG(Germany)
10.Daimler AG(Germany)
11.Audi AG(Germany)
12.Infineon Technologies AG (Germany)
13.Robert Bosch GmBH (Germany)

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Key questions answered in the Market are:

What was the Market size in 2023?
What is the projected demand for the Automotive V2X Market?
Which are the factors expected to drive the Market growth?
What is the future projection for the Automotive V2X Market?

Interested in market analysis? Don't miss the summary of the research report for valuable insights:https://www.maximizemarketresearch.com/market-report/global-v2x-market/9764/

Key Offerings:

Past Automotive V2X Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Automotive V2X Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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