MarkNtel Advisors brings together a comprehensive understanding of the vast dynamics of the Vehicle-to-Everything (V2X) Communications System Market Size, Share, Trends, and Growth in their research report, incorporating an extensive & detail-driven examination of the industry. This study exhibits the diverse elements like drivers, restraints, opportunities, challenges, key trends, & recent developments, among others, influencing the market expansion.
The data present in the report exhibit from the historic years (2017-20) and the base year (2021) to put together estimations for the forecast period (2022-27). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Key Offering in the Report
The research report incorporates information from the past, ongoing trends and developments, and plans of the competitors in different segments across geographic locations into the parameters grounding on the following parameters:
- Gross margins & profits
- Demand growth & falls
- Investment opportunities & revenue generation
- Business strategies & shares
- Key players & their profiling
- Leading geographies
- Trends & developments, among others
Market Dynamics
Key Driver: Rising Focus of Government Institutions to Integrate V2X Technology to Aid the Market Growth
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.
Segmentation of the Industry
The Vehicle-to-Everything (V2X) Communications System Market is highly fragmented and bifurcates into the following segmentations:
By Vehicle Type
-Passenger
-Commercial
By Connectivity
-Dedicated Short Range Communication (DSRC)
-Cellular-V2X (C-V2X)
- Here, the Dedicated Short Range Communication (DSRC) captured a considerable share in the Vehicle-to-Everything (V2X) market during 2017-21 & is expected to continue the same trend in the forthcoming years.
By Technology
-Vehicle-to-Vehicle
–Vehicle-to-Infrastructure
–Intelligent Traffic System
–Emergency Vehicle Notification
–Passenger Information System
–Fleet & Asset Management
–Parking Management System
-Vehicle-to-Pedestrians (V2P)
-Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)
By Demand Type
-OEMs
-Aftermarkets
By Vehicle Autonomy
-Autonomous
-Semi-Autonomous
By Component
-Hardware
–On-board Units (OBU)
–Roadside Units (RSU)
–Others (Antenna, Evaluation Kits, etc.)
-Software
–V2X Software Stack
–V2X Software Development Kit
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Regional Landscape
On the geographical front, the Vehicle-to-Everything (V2X) Communications System Market expands across the following:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- Of all the regions globally, North America has been portraying a noticeable market growth since 2017 & is anticipated to acquire significant market share in the Global Vehicle-to-Everything market in the forecast years.
Competitive Analysis
The Vehicle-to-Everything (V2X) Communications System Market report entails an exhaustive research compilation on the changing interface, strategies, and sustainability tactics of the prominent players by rigorously profiling each company. It is principally to put together all the information influencing the industry expansion on the following parameters:
- Investments rise & fall
- Overview of the company
- Origin & business strategy
- Product/Service portfolio expansion
- The geographical presence of players
The report also talks about the strategies adopted by players to maintain their dominance & yield higher profits in the market while expanding their business across locations. Each company is profiled in this report on the following grounds:
- Ongoing trends & recent developments
- Performance indicators
- Products/Services offered
- Risk & SWOT Analysis
The prominent companies profiled in the Vehicle-to-Everything (V2X) Communications System Market report are Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, STMicroelectronics, Cohda Wireless, Others
Customization Services
MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.
About Us
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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