Vehicle-to-Everything (V2X) Communications System Market Analysis 2027 – Unveiling Size, Share, Growth, Trends, and Industry Insights

MarkNtel Advisors recently published a detailed industry analysis of the Vehicle-to-Everything (V2X) Communications System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Vehicle-to-Everything (V2X) Communications System Market (2022-2027)

The Global Vehicle-to-Everything (V2X) Communication System Market is projected to grow at a CAGR of around 36.85% during the forecast period, 2022-27.

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What is driving the Vehicle-to-Everything (V2X) Communications System market?

The significant rise in industrialization, urbanization, and an increase in vehicle ownership rates across North America, Asia-Pacific, Europe, and the Middle East & Africa has notably increased accidents & emission rates. Moreover, a surge in the depletion of fossil fuel reserves and heightening prices of crude have raised concerns among the international government organizations to shift toward sustainable mobility solutions. This fueled the demand for electric and autonomous vehicles across the globe owing to their fuel efficiency & ability to minimize road accidents, owing to the deployment of advanced safety systems and sensors.

  • In 2021, the Government of Korea announced the initiation of a C-ITS, a Cooperative Intelligent Transport System rollout in 44 cities & national expressways, which includes the integration of V2X technologies. With the release, the Korean government intends to complete the C-ITS deployment across the entire expressways network, covering a length of 4075 Km by 2025.

These initiatives launched by the national and international government organizations would substantially support the demand for Vehicle-to-Everything (V2X) Communication systems in the forecast years.

What segments define the Vehicle-to-Everything (V2X) Communications System market from 2022 to 2027? How do these segments contribute to market dynamics and growth?

By Vehicle Type

(Passenger, Commercial),

By Connectivity

(Dedicated Short Range Communication (DSRC), Cellular-V2X (C-V2X)),

By Technology

(Vehicle-to-Vehicle (V2X), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrians (V2P), Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)),

By Demand Type

(OEMs, Aftermarket),

By Vehicle Autonomy:

(Semi-Autonomous, Autonomous),

By Component

(Hardware (Onboard Units (OBU), Roadside Units (RSU), Others (Antenna, Evaluation Kits, etc.), and Software (V2X Software Stack, V2X Software Development Kit)),

By Region

(North America, South America, Europe, Middle East & Africa, Asia-Pacific)

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Who are the leading key players shaping the Vehicle-to-Everything (V2X) Communications System Market landscape?

Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, STMicroelectronics, Cohda Wireless, Others

Questions Addressed in this Study

1.What factors are driving the Vehicle-to-Everything (V2X) Communications System Market growth?

2.How is the Vehicle-to-Everything (V2X) Communications System Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Vehicle-to-Everything (V2X) Communications System Market?

4.What is the current size of the Vehicle-to-Everything (V2X) Communications System Market, and how is it projected to change in the future?

6.What is the future outlook for the Vehicle-to-Everything (V2X) Communications System Market in terms of technological advancements and market expansion?

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