The global market for Automotive Vehicle-to-Everything (V2X) is estimated at US$1.1 Billion in 2023 and is projected to reach US$14.3 Billion by 2030, growing at a CAGR of 43.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the automotive V2X market is driven by several factors, including the increasing emphasis on road safety, the push for smart city initiatives, and the rapid advancements in communication technologies. Governments and regulatory bodies worldwide are recognizing the potential of V2X technology to reduce traffic accidents and fatalities, leading to supportive policies and infrastructure investments. The advent of smart cities, which rely on interconnected systems for efficient urban management, is also fueling the adoption of V2X as a critical component of intelligent transportation systems. Additionally, the continuous evolution of 5G technology is providing the necessary bandwidth and reliability for V2X applications, ensuring robust and real-time communication. Automotive manufacturers are increasingly incorporating V2X capabilities into their vehicles to enhance safety features and offer a competitive edge. As these trends continue to converge, the automotive V2X market is expected to witness substantial growth, driven by the ongoing advancements in technology and the growing demand for safer, more efficient, and connected transportation solutions.
The growth in the automotive V2X market is driven by several factors, including the increasing emphasis on road safety, the push for smart city initiatives, and the rapid advancements in communication technologies. Governments and regulatory bodies worldwide are recognizing the potential of V2X technology to reduce traffic accidents and fatalities, leading to supportive policies and infrastructure investments. The advent of smart cities, which rely on interconnected systems for efficient urban management, is also fueling the adoption of V2X as a critical component of intelligent transportation systems. Additionally, the continuous evolution of 5G technology is providing the necessary bandwidth and reliability for V2X applications, ensuring robust and real-time communication. Automotive manufacturers are increasingly incorporating V2X capabilities into their vehicles to enhance safety features and offer a competitive edge. As these trends continue to converge, the automotive V2X market is expected to witness substantial growth, driven by the ongoing advancements in technology and the growing demand for safer, more efficient, and connected transportation solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automotive V2X Software segment, which is expected to reach US$11.6 Billion by 2030 with a CAGR of a 47.1%. The Automotive V2X Hardware segment is also set to grow at 33.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $334.1 Million in 2023, and China, forecasted to grow at an impressive 52.4% CAGR to reach $2.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Vehicle-to-Everything (V2X) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Vehicle-to-Everything (V2X) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Vehicle-to-Everything (V2X) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cisco Systems, Inc., AT&T, Inc., Capgemini SE, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 89 Featured):
- Cisco Systems, Inc.
- AT&T, Inc.
- Capgemini SE
- Audi AG
- Alps Alpine Co., Ltd.
- Amphenol Corporation
- Bayerische Motoren Werke AG (BMW GROUP)
- Autoliv, Inc.
- Aeris Communications, Inc.
- Arm Ltd.
- Aptiv PLC
- Autotalks, Ltd.
- Cohda Wireless Pty Ltd.
- Commsignia Ltd.
- Connected Signals, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cisco Systems, Inc.
- AT&T, Inc.
- Capgemini SE
- Audi AG
- Alps Alpine Co., Ltd.
- Amphenol Corporation
- Bayerische Motoren Werke AG (BMW GROUP)
- Autoliv, Inc.
- Aeris Communications, Inc.
- Arm Ltd.
- Aptiv PLC
- Autotalks, Ltd.
- Cohda Wireless Pty Ltd.
- Commsignia Ltd.
- Connected Signals, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 466 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 1.1 Billion |
Forecasted Market Value ( USD | $ 14.3 Billion |
Compound Annual Growth Rate | 43.5% |
Regions Covered | Global |