Market Research Future published a cooked research report on global V2X market. The global v2x market for automotive is expected to witness significant growth between 2016 and 2023.
The use of V2X technology is rapidly increasing in the automotive industry. V2X offers automobile manufacturers with a cost-effective and versatile form of wireless connectivity. Automotive V2X enables features such as enhanced safety features, in-car real-time data and is now included as standard equipment on millions of new cars and commercial vehicles.
The V2X market is driven by various factors such as the growing demand for connectivity features in cars and the ability to carry out vehicle diagnostics. However, the coverage and range limitation of V2X coupled with its slow data transfer is a major restraint in the market. Poor security offered by V2X technology, also acts as a hindrance to the widespread implementation of V2X.
The global V2X market has been segmented by Communication Type as V2C, V2D, V2G, V2P, V2V and V2I. By component type, the market has been segmented as Hardware and Software. By propulsion type, the market has been segmented as ICE and EV. By region, the market for V2X has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global V2X Market Research Report - Forecast to 2023”.
Global V2X Market:
V2X is completely dependent on the automotive industry. Thus, the increase or decrease in demand for the automobiles directly has an impact on the market for V2X and other automotive driver assistance systems. The total four wheeler production for the year 2015 was approximately 90 million units, and it is expected to witness further growth and reach more than 100 million units by the year 2020.
This becomes a primary factor driving the V2X market, as the interiors of the automobiles have gained prevalence in recent times with numerous technological developments and rapidly increasing disposable income among the consumers. Thus, the growth of the V2X market is expected to go hand in hand with the automotive industry.
The growth of the Asia Pacific region can be attributed to the adoption of passenger cars and therefore, the increase in adoption of V2X in the passenger cars. The recent shift in the preference for mileage to vehicle looks and features is also expected to result in the high demand for V2X. The global V2X market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.
The key players of the global V2X market are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), Denso (Japan) and Delphi Automotive (U.K.). In 2016, these companies accounted for a share of XX% of the global market.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528,
Amanora Chambers Magarpatta Road,
Phone: +1 646 845 9312