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Automotive Vehicle-to-Everything Market To Represent USD 26.72 Billion Opportunity Globally by 2025: Grand View Research, Inc.The global automotive vehicle-to-everything (V2X) market is expected to reach USD 26.72 billion by 2025 according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transition, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in the vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the of V2X communication will not only increase the safety aspect but will also provide enhanced driving experience. There are numerous benefits for implementation of V2X communication systems, however they are surrounded by challenges. The main challenge for automotive V2X market to grow is significantly is the need for robust legal framework. Another important challenge is built a secure system which ensures privacy, authenticity and security for all types of V2X communication. View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market Further key findings from the report suggest: • Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G and V2I communication type market • With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about how is data security, anonymity and privacy maintained. • Synchronized real-time data will be a key factor in determining the growth for the automotive V2X market. • The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024. • Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others. • The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage. Read our blog on automotive vehicle-to-everything market - http://www.grandviewresearch.com/blog/automotive-vehicle-to-everything-v2x-market-size-share Grand View Research has segmented the market on the basis of communication type, connectivity type, vehicle type, and region: Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014 - 2025) • Vehicle-To-Vehicle (V2V) • Vehicle-To-Infrastructure (V2I) • Vehicle-To-Pedestrian (V2P) • Vehicle-To-Home (V2H) • Vehicle-To-Grid (V2G) • Vehicle-To-Network (V2N) Automotive V2X Connectivity Type outlook (Revenue, USD Million; 2014 - 2025) • DSRC • Cellular Connectivity & Others Automotive V2X Vehicle Type outlook (Revenue, USD Million; 2014 - 2025) • Passenger Cars • Commercial vehicles Automotive V2X Regional outlook (Revenue, USD Million; 2014 - 2025) • North America o U.S. o Canada o Mexico • Europe o Germany o UK o France • Asia Pacific o China o Japan • South America o Brazil Access press release of this report – http://www.grandviewresearch.com/press-release/global-automotive-vehicle-to-everything-v2x-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] For More Information Visit - http://www.grandviewresearch.com/ As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |