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Global Automotive V2X Market to reach USD XX million by 2028.

Global Automotive V2X Market Size study, By Communication (Vehicle-to-vehicle (V2V), Vehicle-to-infrastructure (V2I), Vehicle-to-pedestrian (V2P), Vehicle-to-grid (V2G), Vehicle-to-cloud (V2C), and Vehicle-to-device (V2D)), Connectivity (Dedicated Short-range Communication (DSRC), and Cellular-V2X (C-V2X) Communication) and Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecasts 2022-2028

Product Code: ALTST-20187999
Publish Date: 14-08-2022
Page: 200

Global Automotive V2X Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Vehicle to Everything (V2X) refers to a vehicular communication system that supports the transfer of information from a vehicle to moving parts of the traffic system that may affect the vehicle. The main purpose of V2X technology is to improve road safety, energy savings, and traffic efficiency on the roads. In V2X system information travels from the vehicle sensors and other sources through high-bandwidth, high-reliability links, allowing it to communicate with other cars, infrastructure including other vehicles, parking spaces, traffic signals, and pedestrians among others. The rising adoption of connected cars worldwide and increasing number of technological advancements in automobile sector as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2020, the global connected car market was valued at USD 65 billion. This market is projected to grow to USD 121 billion by 2025. Furthermore, Strategic initiatives from government authorities would influence the growth of Global Automotive V2X Market. For instance, in April 2022, The US Department of Energy (DOE) and partners announced the Vehicle to Everything (V2X) Memorandum of Understanding (MOU). This MOU would bring together DOE, DOE national labs, state and local governments, utilities, and private entities to evaluate technical and economic feasibility for integration of bidirectional charging into energy infrastructure. Also, growing emergence of 5G & AI technologies and increasing ownership of personal vehicles in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high deployment & maintenance cost associated with V2X technology and rising concern over cyber security impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Automotive V2X Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of technological advancements in automotive sector and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of automotive sector and increasing penetration of advanced technologies such as 5G & AI, would create lucrative growth prospects for the global Automotive V2X Market across the Asia Pacific region.

Major market players included in this report are:
Altran
Autotalks Ltd.
Continental AG
HARMAN International
Infineon Technologies AG
NXP Semiconductors
Qualcomm Technologies, Inc.
Robert Bosch GmbH
Savari, Inc.
STMicroelectronics

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Communication
Vehicle-to-vehicle (V2V)
Vehicle-to-infrastructure (V2I)
Vehicle-to-pedestrian (V2P
Vehicle-to-grid (V2G)
Vehicle-to-cloud (V2C)
Vehicle-to-device (V2D)
By Connectivity
Dedicated Short-range Communication (DSRC)
Cellular-V2X (C-V2X) Communication)
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Automotive V2X Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Automotive V2X Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Automotive V2X Market, by Communication, 2020-2028 (USD Million)
1.2.3. Global Automotive V2X Market, by Connectivity, 2020-2028 (USD Million)
1.2.4. Global Automotive V2X Market, by Vehicle Type, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive V2X Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive V2X Market Dynamics
3.1. Automotive V2X Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising adoption of connected cars worldwide.
3.1.1.2. Increasing number of technological advancements in automobile sector.
3.1.1.3. Recent strategic initiatives from leading market players.
3.1.2. Market Challenges
3.1.2.1. High deployment & maintenance cost associated with V2X technology.
3.1.2.2. Rising concern over cyber security.
3.1.3. Market Opportunities
3.1.3.1. Growing emergence of 5G & AI technologies.
3.1.3.2. Increasing ownership of personal vehicles in emerging economies.
Chapter 4. Global Automotive V2X Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Automotive V2X Market, by Communication
6.1. Market Snapshot
6.2. Global Automotive V2X Market by Communication, Performance – Potential Analysis
6.3. Global Automotive V2X Market Estimates & Forecasts by Communication 2018-2028 (USD Million)
6.4. Automotive V2X Market, Sub Segment Analysis
6.4.1. Vehicle-to-vehicle (V2V)
6.4.2. Vehicle-to-infrastructure (V2I)
6.4.3. Vehicle-to-pedestrian (V2P)
6.4.4. Vehicle-to-grid (V2G)
6.4.5. Vehicle-to-cloud (V2C)
6.4.6. Vehicle-to device (V2D)
Chapter 7. Global Automotive V2X Market, by Connectivity
7.1. Market Snapshot
7.2. Global Automotive V2X Market by Connectivity, Performance – Potential Analysis
7.3. Global Automotive V2X Market Estimates & Forecasts by Connectivity 2018-2028 (USD Million)
7.4. Automotive V2X Market, Sub Segment Analysis
7.4.1. Dedicated Short-range Communication (DSRC)
7.4.2. Cellular-V2X (C-V2X) Communication
Chapter 8. Global Automotive V2X Market, by Vehicle Type
8.1. Market Snapshot
8.2. Global Automotive V2X Market by Vehicle Type, Performance – Potential Analysis
8.3. Global Automotive V2X Market Estimates & Forecasts by Vehicle Type 2018-2028 (USD Million)
8.4. Automotive V2X Market, Sub Segment Analysis
8.4.1. Passenger Cars
8.4.2. Commercial Vehicles
Chapter 9. Global Automotive V2X Market, Regional Analysis
9.1. Automotive V2X Market, Regional Market Snapshot
9.2. North America Automotive V2X Market
9.2.1. U.S. Automotive V2X Market
9.2.1.1. Communication estimates & forecasts, 2018-2028
9.2.1.2. Connectivity estimates & forecasts, 2018-2028
9.2.1.3. Vehicle Type estimates & forecasts, 2018-2028
9.2.2. Canada Automotive V2X Market
9.3. Europe Automotive V2X Market Snapshot
9.3.1. U.K. Automotive V2X Market
9.3.2. Germany Automotive V2X Market
9.3.3. France Automotive V2X Market
9.3.4. Spain Automotive V2X Market
9.3.5. Italy Automotive V2X Market
9.3.6. Rest of Europe Automotive V2X Market
9.4. Asia-Pacific Automotive V2X Market Snapshot
9.4.1. China Automotive V2X Market
9.4.2. India Automotive V2X Market
9.4.3. Japan Automotive V2X Market
9.4.4. Australia Automotive V2X Market
9.4.5. South Korea Automotive V2X Market
9.4.6. Rest of Asia Pacific Automotive V2X Market
9.5. Latin America Automotive V2X Market Snapshot
9.5.1. Brazil Automotive V2X Market
9.5.2. Mexico Automotive V2X Market
9.6. Rest of The World Automotive V2X Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Altran
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Autotalks Ltd.
10.2.3. Continental AG
10.2.4. HARMAN International
10.2.5. Infineon Technologies AG
10.2.6. NXP Semiconductors
10.2.7. Qualcomm Technologies, Inc.
10.2.8. Robert Bosch GmbH
10.2.9. Savari, Inc.
10.2.10. STMicroelectronics
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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