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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Vehicle-to-Everything (V2X) Communication System Market Outlook
The global vehicle-to-everything (V2X) communication system market is estimated to grow at a CAGR of almost 15.6% in the forecast period of 2024-2032.
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The global vehicle-to-everything (V2X) communication system industry is being driven by the growing demand for autonomous cab and parcel delivery fleets, coupled with the growing market for autonomous vehicles.
Market Segmentation
The global vehicle-to-everything (V2X) communication system market can be divided based on segments like vehicle types and regions.
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- Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
The EMR report looks into the regional vehicle-to-everything (V2X) communication system markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
With the growing popularity of self-driven cars, the vehicle-to-everything (V2X) communication system is emerging as a common feature in such vehicles. In autonomous vehicles, the V2X communication system is used as it can form a communication medium between vehicles and other vehicles, homes, networks, and grids, further enhancing the safety and driving experience for the consumer. With the advancement in technology and development in the field of vehicle-to-everything (V2X) communication system, the industry is witnessing an increased growth. Further, autonomous vehicles, being used as cabs and parcel delivery services, gathers massive data while on its route, which is analysed using V2X communication devices incorporated into these vehicles. Thus, the use of the V2X communication system is expected to increase in such devices over the forecast period to improve business efficiency and reduce labour cost.
The passenger vehicle segment, among other vehicle types, dominated the global vehicle-to-everything (V2X) communication system industry in 2020. Region-wise, North America accounted for the largest share in the industry in 2020 owing to the growing production of autonomous vehicles in the region.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global vehicle-to-everything (V2X) communication system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- NXP Semiconductors N.V.
- Continental AG
- Autotalks Ltd.
- Qualcomm Inc.
- Robert Bosch GmbH
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 15.6% between 2024 and 2032.
The major drivers of the market are increasing technological innovations in autonomous vehicles and rising development and commercialisation of cellular technologies.
The key trends guiding the growth of the market include the rapid rise of AI and 5G and extensive research and development activities undertaken by key global players.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The two main vehicle types in the market are passenger vehicle and commercial vehicle.
The major players in the global vehicle-to-everything (V2X) communication system market are NXP Semiconductors N.V., Continental AG, Autotalks Ltd., Qualcomm Inc., and Robert Bosch GmbH, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124