DUBLIN--(BUSINESS WIRE)--The "V2X Market for Automotive by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Offering Type (Hardware and Software), Connectivity Type (DSRC and Cellular), Propulsion Type (ICE and EV), Technology Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global V2X Market is Projected to Grow at a CAGR of 17.61% from 2017 to 2025, to Reach a Market Size of USD 99.55 Billion By 2025 from USD 27.19 Billion in 2017.
Rising global demand for real-time traffic and incident alerts for increasing public safety to fuel the demand for V2X market
The major factors driving the growth of the market are the increase in government funds for better traffic management and the development of connected vehicles. On the other hand, lack of infrastructure and additional cost burden on consumers may hinder the growth of the V2X market.
The market for V2V communication is estimated to grow at the highest CAGR during the forecast period. Government initiatives to commercialize V2V communication are expected to drive the V2V market in North America. In 2014, the National Highway Traffic Safety Administration (NHTSA) announced steps to enable V2V communication for light vehicles, which would help improve safety.
North America is estimated to account for the largest share, by value and volume, of the V2X market in 2017. However, the Asia Pacific market is projected to grow at the highest CAGR during the forecast period. The largest share of North America in the automotive V2X market can be attributed to factors such as a huge demand for automobiles because of better infrastructure and high income, favorable policies and regulations by the government, and the need for a better and effective transportation system.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technology Overview
7 V2X Market for Automotive, By Communication Type
8 V2X Market for Automotive, By Connectivity Type
9 V2X Market for Automotive, By Offering Type
10 V2X Market for Automotive, By Propulsion Type
11 V2X Market for Automotive, By Technology Type
12 V2X Market for Automotive, By Region
13 Competitive Landscape
14 Company Profiles
- Cohda Wireless
- Delphi Automotive
- Harman International
- Infineon Technologies
- Nvidia Corporation
- NXP Semiconductors
- Robert Bosch
For more information about this report visit https://www.researchandmarkets.com/research/wd754z/v2x_v2c_v2d?w=4