Research Nester published a report titled “Automotive Vehicle to Everything (V2X) Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global Automotive Vehicle to Everything (V2X) Market in terms of market segmentation by connectivity, component, propulsion type, unit, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global Automotive Vehicle to Everything (V2X) Market is anticipated to grow with a CAGR of ~39% during the forecast period, i.e., 2023-2033. The market is segmented by propulsion type into internal combustion engines and electric vehicles. Out of these segments, the electric vehicles segment is anticipated to garner the largest market share over the forecast period, owing to the increasing demand of electric vehicles industry. In addition, increasing sales of electric vehicles among passenger cars is also expected to boost the growth of the segment in the coming years.
The global Automotive Vehicle to Everything (V2X) Market is estimated to garner a revenue of 20 billion by the end of 2033, backed by the increasing vehicles worldwide. Various features provided by automotive V2X, including road safety, energy savings, and traffic efficiency on the roads are also projected to boost the sales of these technology in the coming years. Moreover, increasing pedestrian fatality risk as well as increasing road traffic crashes is also projected to propel the growth of the market during the forecast period.
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Geographically, the global Automotive Vehicle to Everything (V2X) Market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to the rising sale of vehicles.
Apart from this, the market in Europe is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Number of Connected Vehicles to Drive the Market Growth
According to the data, there will be about 80 million new connected cars in United States by 2025.
The increasing number of connected cars is expected to accelerate the market growth in the coming years, as vehicular communication system supports the transfer of information from a connected vehicle to moving parts of the traffic system, alarming the vehicle about the potential risk. Moreover, the increasing technological advancements as well as the increasing use of GPS system are also expected to drive the growth of the global Automotive Vehicle to Everything (V2X) Market during the forecast period.
However, lack of infrastructure as well as rising vulnerability to cyberattacks with rising connectivity are expected to operate as key restraints to the growth of global Automotive Vehicle to Everything (V2X) Market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global Automotive Vehicle to Everything (V2X) Market which includes company profiling Ford Motor Company, Hyundai Motor Company, Mercedes-Benz Group AG, General Motors, Volkswagen AG, Bayerische Motoren Werke Aktiengesellschaft, FCA US LLC, Nissan Motor Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global Automotive Vehicle to Everything (V2X) Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
