Automotive V2X Market Size 2021 | Is Projected to Reach USD 10,318.3 Million value by 2027, Exhibiting a CAGR of 52.4%

Pune, India, April 29, 2021 (GLOBE NEWSWIRE) -- According to the report, Automotive V2X Market size is projected to reach USD 10,318.3 million value by 2027, exhibiting a CAGR of 52.4%. The Automotive V2X Industry was valued at USD 354.0 Million in 2019. The transformation in the automotive industry can be a vital factor in providing impetus to the market during the forecast period. Similarly, the constant efforts of OEMs to enhance in-vehicle user-experience will bolster healthy growth of the market in the forthcoming years.

Inflated Demand for Self-Driving Cars to Aid Market Expansion

The market is primarily driven by the rapidly progressing automotive industry. The growing demand for semi-autonomous cars with advanced driver assistance systems will have a tremendous impact on the global market during the forecast period. Moreover, the increasing efforts of numerous manufacturers towards the development of high-end self-driving cars with enhanced control will simultaneously foster healthy growth of the market.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-v2x-market-103320


The growing development of complex passenger & commercial vehicles with numerous features such as blind-spot detection, intelligent parking assistance, emergency Braking, and more will spur the demand of the market in the near future. Moreover, the growing emphasis on eco-friendly cars, equipped with smart transportation management minimal and adaptive cruise control will significantly boost the growth of the market in the forthcoming years. In addition, the increasing technological advancement in vehicle-to-Infrastructure (V2I), and Vehicle-to-vehicle (V2V) communications will create lucrative opportunities for the market in the foreseeable future.

Presence of Major OEMs to Augment Growth in North America

The market in North America is expected to witness a high growth rate during the forecast period owing to the presence of major manufactures in the region. The growing production of luxury vehicles in the US will have a positive influence on the market in the region. Europe is expected to witness a substantial growth rate in the forthcoming years due to the existing Automotive V2X manufacturers in the region.


Click here to get the short-term and long-term impacts of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/automotive-v2x-market-103320


The growing adoption of autonomous and semi-autonomous vehicles will further enhance the market potential in European countries such as Germany, France, England, and others. Asia Pacific is predicted to rise excellently in the forthcoming years. The growth in the region is attributed to the rapid expansion of the automotive industry in the region.


Quick Buy -  Automotive V2X Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103320


Key Development:

Savari announced that it has signed an agreement with 5GAA, BMW Group, Ford, Groupe PSA, and Qualcomm for the first European demonstration of C-Automotive V2X direct communication interoperability between multiple automakers.

  • Delphi Automotive PLC
  • Continental AG
  • Infineon Technologies AG
  • Qualcomm Inc.
  • Cohda Wireless Pty
  • Arada Systems Inc
  • Savari Technologies Pvt. Ltd.
  • Kapsch TrafficCom
  • eTrans Systems
  • Denso Corporation
  • AutoTalks Ltd.


Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-v2x-market-103320


Global Automotive V2X Market Segmentation:

By Connectivity Type:       

  • DSRC
  • Cellular

By Vehicle Type: 

  • Passenger Car
  • Commercial Vehicle

By Communication Type:

  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Vehicle (V2V)
  • Vehicle-to-Pedestrian (V2P)

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-v2x-market-103320


Have a Look at Related Reports:

Automotive Blind Spot Detection System Market Size, Share & Industry Analysis, By Component Type (Ultrasonic, RADAR, Camera) By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2019-2026

Vehicle Rental and Leasing Market Size, Share & Covid-19 Impact Analysis, By Rent Type (Business and Personal Use), By Vehicle Type (Car, Light Commercial Vehicle, and Medium/Heavy Commercial Vehicle), and Regional Forecasts, 2020-2027

Rolling Stock Market Size, Share & Industry Analysis, By Product Type (Locomotive, Rapid Transit Vehicle, Wagons), By Application Type (Passenger Rail, Freight Rail), and Regional Forecast, 2020-2027

Automotive Shielding Market Size, Share & Covid-19 Impact Analysis, By Shielding Type (Heat Shield and Electromagnetic Interference [EMI] Shield), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027

Low Speed Vehicle Market Size, Share & Industry Analysis, By Engine Type (ICE, Electric), By Vehicle Type (Industrial Utility, Golf Cart, Personal Carrier, Public Transport Vehicle), and Regional Forecasts, 2019-2026


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.