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Vehicle to Everything (V2X) is a technology that enable the vehicle to communicate with the moving part of the traffic system.
Global Automotive V2X Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Automotive V2X market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report “Global Automotive V2X Market Analysis, 2020”, the Global Automotive V2X market is anticipated to grow at a CAGR of 45% during 2021-26F. The growth of the market is accredited to growing concern regarding emission from vehicle due to traffic congestion, introduction of stringent regulations by the government regarding public safety and security and burgeoning customer inclination toward vehicles equipped with features such as vehicle-to-vehicle connectivity. Moreover, boost in government initiatives to propel the sales of electric vehicles, increase in the fleet size of passenger cars and escalating use of electronics in the vehicles are the major factors strongly contributing towards the growth of the market in the forthcoming timeline.
Market Segmentation
Electric Vehicle is expected to Attain Highest CAGR
Based on Vehicle type, Electric Vehicle is expected to grow at a highest CAGR by 2026 in the Global Automotive V2X market on account of surging consumer preference toward electric vehicle, government inclination to promote the sales of electric vehicle to curb the carbon emission and robust growth in the demand for electric vehicle in the forthcoming period. Besides this, Passenger Vehicle is also growing at a robust rate owing to the factors such as rise in disposable income, significant rise in the number of passenger cars equipped with V2X and bolstering sales of passenger cars in Asia Pacific region. Hence, these factors are driving the growth of the Automotive V2X market globally in the near future as revealed by the MarkNtel Advisors’ research report “Global Automotive V2X Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Automotive V2X market include Continental AG, Delphi Automotive LLP, Qualcomm, Inc., NXP Semiconductors, Robert Bosch GmbH, TomTom International B.V, HARMAN International, Mobileye, Cisco Systems, Inc., Infineon Technologies AG, Denso Corporation, Autotalks Ltd., Cohda Wireless, Neusoft Corporation, Huawei Technologies Co., Ltd. etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Automotive V2X Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Automotive V2X Market during 2021-26F?
A. The Global Automotive V2X Market is forecast to grow at a CAGR of 45% during 2021-26F.
Q. Who are the key competitors or players operating in Global Automotive V2X Market?
A. Continental AG, Delphi Automotive LLP, Qualcomm, Inc., NXP Semiconductors, Robert Bosch GmbH, TomTom International B.V, HARMAN International, Mobileye, Cisco Systems, Inc., Infineon Technologies AG, Denso Corporation, Autotalks Ltd., Cohda Wireless, Neusoft Corporation, Huawei Technologies Co., Ltd. are few of the leading players in the Global Automotive V2X Market.
Q. Which vehicle type segment would emerge as an opportunity area for players in Global Automotive V2X Market?
A. Electric Vehicle is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Automotive V2X Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Automotive V2X Market.
