Market Overview

The Vehicle-to-Everything (V2X) Communication System Market is anticipated to grow steadily during the forecast period [2022–2027], with a base year of [2021]. This growth is driven by evolving technologies, changing consumer preferences, and expanding applications across various industries.

Our market research reports deliver in-depth analysis and strategic insights to help businesses navigate changing market conditions, seize growth opportunities, and make data-driven decisions. The report provides comprehensive coverage of:

Scope of the Vehicle-to-Everything (V2X) Communication System Market Report:

• Target Market Identification
• Consumer Behavior & Preferences
• Competitive Landscape Analysis
• Market Size, Share, and Forecasting
• Segment-Level Insights
• Actionable Recommendations for Strategy Development

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Key Driver

Key Driver: Rising Focus of Government Institutions to Integrate V2X Technology to Aid the Market Growth

The significant rise in industrialization, urbanization, and an increase in vehicle ownership rates across North America, Asia-Pacific, Europe, and the Middle East & Africa has notably increased accidents & emission rates. Moreover, a surge in the depletion of fossil fuel reserves and heightening prices of crude have raised concerns among the international government organizations to shift toward sustainable mobility solutions. This fueled the demand for electric and autonomous vehicles across the globe owing to their fuel efficiency & ability to minimize road accidents, owing to the deployment of advanced safety systems and sensors.

• In 2021, the Government of Korea announced the initiation of a C-ITS, a Cooperative Intelligent Transport System rollout in 44 cities & national expressways, which includes the integration of V2X technologies. With the release, the Korean government intends to complete the C-ITS deployment across the entire expressways network, covering a length of 4075 Km by 2025. 

These initiatives launched by the national and international government organizations would substantially support the demand for Vehicle-to-Everything (V2X) Communication systems in the forecast years.

Industry Size, Share & Expected Growth (2022-27)

The growth of Vehicle-to-Everything (V2X) Communication System market is estimated at a CAGR of around 36.85% during the forecast period 2022-2027.

Time Frame Covered in the Report:

• Historical Years: [2017–2020]
• Base Year: [2021]
• Forecast Period: [2022–2027]

Key Players

Prominent Vehicle-to-Everything (V2X) Communication System companies contributing to market development include:

• Autotalks Ltd.
• Continental AG
• HARMAN International
• Infineon Technologies AG
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Robert Bosch GmbH
• STMicroelectronics
• Cohda Wireless
• Lear Corporation
• The Kapsch Group
• LG Electronics
• Denso Corporation
• Huawei Corporation Co., Ltd.
• Neusoft Corporation
•  

These players are investing in innovation, expanding their geographical footprint, and adapting to dynamic market needs.

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Vehicle-to-Everything (V2X) Communication System Industry Segment and Geographical Breakdown

The market is segmented to offer a granular view of key areas:

By Vehicle Type

• Passenger
• Commercial

By Connectivity

• Dedicated Short Range Communication (DSRC)
• Cellular-V2X (C-V2X)

By Technology

• Vehicle-to-Vehicle
• Vehicle-to-Infrastructure
  • Intelligent Traffic System
  • Emergency Vehicle Notification
  • Passenger Information System
  • Fleet & Asset Management
  • Parking Management System
• Vehicle-to-Pedestrians (V2P)
• Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)

By Demand Type

• OEMs
• Aftermarkets

By Vehicle Autonomy

• Autonomous
• Semi-Autonomous

By Component

• Hardware
  • On-board Units (OBU)
  • Roadside Units (RSU)
  • Others (Antenna, Evaluation Kits, etc.)
• Software
  • V2X Software Stack
  • V2X Software Development Kit

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific.

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What’s Included in the Report?

1. What is the current size of the market?
2. How is the market expected to grow over the forecast period?
3. What are the major factors driving market growth?
4. Which trends are currently shaping the industry landscape?
5. What is the estimated market value by the end of the forecast period?

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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