About The V2X (Vehicle-to-Everything) Communications Ecosystem
The V2X communication ecosystem is a communication technology that communicates with each other directly. There are a wide range of advantages, such as the fact that V2X offers high spectral efficiency, a higher level of safety compared to other technologies, and superior direct communication between vehicles. V2X technology reduces accidents and enhances road safety in numerous ways. It is used for the exchange of real-time traffic updates and future safety assistance functions. This technology is driven by innovation and digital technologies. Artificial intelligence and 5G network play a crucial role in this market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 36.8% |
Competition among existing players is due to the stiff market share occupied by leading players. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualcomm technologies Inc (United States), Autotalks (Isarel), Continental AG (Germany), Cohda wireless (Australia), Robert Bosch GmbH (Germany), Visteon corporation (United States), Derq Inc (United Arab Emirates) and Commsignia (Hungary) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Valerann (United Kingdom), LG electronics (South Korea), Toyota Kirloskar motor (Japan), Ford Motor company (United States), Haas Alert (United States), Auto crypt co. Ltd (South Korea), Kapsch trafiicCom AG (Austria) and Anritsu (Japan).
Segmentation Overview
AMA Research has segmented the market of Global The V2X (Vehicle-to-Everything) Communications Ecosystem market by and Region.
On the basis of geography, the market of The V2X (Vehicle-to-Everything) Communications Ecosystem has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the The V2X (Vehicle-to-Everything) Communications Ecosystem market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
5G integration in V2X communication, it provides higher data transfer speed. and AI intelligence integration in V2X communication, vast amount of data generated by V2X system.
Market Growth Drivers:
Financial support from government can boost the development and deployment of V2X technology. and Increasing consumer demand for vehicle with advanced safety features and connectivity.
Challenges:
Developing a reliable radio transmitter receiver for use in the noisy electrical environment of a modern vehicle and Lack of unified standards for communication protocol and frequencies.
Restraints:
Vehicles in V2X is are connected with internet can cause chances of prone to hacking and Autonomous driver systems lead to critical accidents due to system failure.
Opportunities:
Require significant investment in infrastructure for Implementing V2X technology on large scale.
Market Leaders and their expansionary development strategies
In May 2023 Qualcomm incorporated had acquired the Autotalks. The acquisition presents that the strengthens and snapdragon digital chassis portfolio. And offering by accelerating adoption timelines of V2X technologies. and In April 2022, Robert Bosch had acquired the five a leading UK startup in the field of automated driving. The acquisition will straighten company’s agile projects structures for the development of self-driving cars.
In September 2022, Cohda wireless V2X solution provider has launched world most the advanced and versatile V2X connectivity solution to help pave the way for the introduction of connected vehicle on smart roads and highways across the world.
Key Target Audience
Supplier, Manufacturer, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.