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Vehicle-to-Everything Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Vehicle-to-Everything Market- (By Component – Hardware, Software Platforms and Services; By Communication – Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I) and others; By Connectivity – Dedicated Short Range Communication, Cellular and Hybrid; By Application – Autonomous Driving, Automated Driver Assistance, and others; By Vehicle Type – ICE Vehicle and Electric Vehicles; By Vehicle Application – Commercial, Passenger and Off-highway; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 28-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122129
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Vehicle-to-Everything Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 3,283.7 Mn
Expected Revenue in 2027US$ 18,877.1 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR33.8%
Segments coveredBy Component, Communication, Connectivity, Application, Vehicle Type, Vehicle Application, and Region
Key CompaniesNuvve, Newborn Acquisition Corp., Molex LLC, Tata Elxsi, General Motors, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Vehicle-to-everything (V2X) is a communication technology that allows a vehicle to communicate with other vehicles, road users, and infrastructure.

V2X connectivity helps to optimize traffic flows, minimize emissions, reduce traffic congestion, and cut accident numbers. 

The Global V2X Market is projected to grow at a CAGR of 33.8% during the forecast period 2022-2027.

Connected vehicles enable cars to communicate via V2X platform with drivers, other vehicles, road infrastructure, and the cloud. The increase in V2X-based services provided in connected cars drives the growth of the automotive V2X market.

Favorable government initiatives and technology penetration are the factors driving the growth of V2X market.

Security and privacy concerns due to increased connectivity is a major challenge in the Global V2X Market.

Artificial intelligence (AI) and 5G have an important role in the future of the automotive industry, as predictive capabilities are becoming more prevalent in cars, personalizing the driving experience. In addition, 5G and AI is better equipped with V2X to carry out critical communications for safer & secure driving.

Hardware component segment has the highest share in the Global V2X Market in 2021.

The automated driver assistance (ADAS) segment is projected to grow at a fastest CAGR during the forecast period.

ICE vehicles hold the highest share in terms of vehicle type in the Global V2X Market in 2021.

Asia Pacific has the fastest CAGR in the Global V2X Market during the forecast period.

The key players in the Global V2X Market are Robert Bosch, Harman, Continental, NXP, Huawei, Altran, STMicroelectronics and Infineon among others.