Europe Vehicle-to-everything (V2X) Market Overview
Europe Vehicle-to-everything (V2X) Market is anticipated to have the largest V2X market among other regions in the world in the near future. In addition, the improved infrastructure facility in Europe allows easy deployment of Vehicle-to-everything (V2X) market. Further, the factors such as growing need for better traffic management and automobile safety features are propelling the growth of Vehicle-to-everything (V2X) market in Europe. However, the security of data communication coupled with the need for robust legal framework may act as the major challenge for the expansion of V2X market in the Europe. Moreover, the automotive industry being governed by stringent safety and strict emission norms & growing adoption of semi-autonomous and autonomous cars will drive the growth of Vehicle-to-everything (V2X) market in Europe. Further, the outbreak of COVID-19 pandemic had a negative impact on the Vehicle-to-everything (V2X) market in Europe. The fall in customer footfalls at showrooms and shutdown of manufacturing plants hindered the V2X market growth in Europe region.
According to 6Wresearch, the Europe Vehicle-to-everything (V2X) Market size is anticipated to register growth during 2021-27. Additionally, the countries such as France, Germany, Spain, UK and Russia are the key countries of the Vehicle-to-everything (V2X) market in Europe. Moreover, in France and Germany, the likes of 5GAA, BMW Group, Ford and Groupe PSA have teamed up with Qualcomm and Savari to showcase V2X communications in the European region. In Russia, on the one hand, Fort Telecomm is planning to enhance its range of V2X equipment with a DSRC-based OBU (Offshore banking unit) and a C-V2X modification of the road-side unit. On the other hand, Sreda Software Solutions in Russia is about to present its complex software solution for front-end units and back-end servers for the first time in the country. Hence, both the producers lay much of their hopes on foreign markets because mass market deployment of V2X infrastructure is “tens of years” away in Russia. Further, the presence of top players such as Robert Bosch GMBH, Continental AG and Delphi Technologies, along with large scale adoption of V2X-equipped vehicles, is expected to have a significant effect on the European V2X market.
The Europe Vehicle-to-everything (V2X) market report thoroughly covers the market by unit type, vehicle type, communication and key countries including France, Germany, Spain, UK and Russia. The European Vehicle-to-everything (V2X) market outlook report provides an unbiased and detailed analysis of the on-going European Vehicle-to-Everything (V2X) market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Europe Vehicle-to-everything (V2X) Market Outlook
- Europe Vehicle-to-everything (V2X) Price Trends
- Europe Vehicle-to-everything (V2X) Porter's Five Forces
- Europe Vehicle-to-everything (V2X) Market Drivers and Challenges
- Europe Vehicle-to-everything (V2X) Market Trend Evolution
- Europe Vehicle-to-everything (V2X) Industry Life Cycle
- Europe Vehicle-to-everything (V2X) Market – Top Companies Market Share
- Europe Vehicle-to-everything (V2X) Market – Top Companies Profiles
- Europe Vehicle-to-everything (V2X) Market – Opportunity Assessment By Countries
- Europe Vehicle-to-everything (V2X) Market – Strategic Recommendations
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