Pune, July 27, 2020 (GLOBE NEWSWIRE) -- The global automotive V2X market size is expected to reach USD 10,318.3 Million by 2027, exhibiting a CAGR of 52.4% during the forecast period. The transformation in the automotive industry can be a vital factor in providing impetus to the market during the forecast period. Similarly, the constant efforts of OEMs to enhance in-vehicle user-experience will bolster healthy growth of the market in the forthcoming years, states Fortune Business Insights, in a report, titled Automotive V2X Market Size, Share & COVID-19 Impact Analysis, By Connectivity Type (DSRC and Cellular), By Vehicle Type (Passenger Car and Commercial Vehicle), By Communication Type (Vehicle-to-Infrastructure (V2I), Vehicle-to-Vehicle (V2V), Vehicle-to-Pedestrian (V2P), and Others), and Regional Forecasts, 2020-2027” the market size stood at USD 354.0 Million in 2019.

Browse Detailed Research Insights on V2X Industry:
https://www.fortunebusinessinsights.com/automotive-v2x-market-103320


The coronavirus occurrence has caused enormous damage to numerous countries around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. 



To Get the Short-Term and Long-Term impact of COVID-19 on this Market,

Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/automotive-v2x-market-103320



The automotive V2X market emphasizes:

  • All-inclusive study of all the segments
  • Useful data and figures
  • Thorough knowledge regarding industry players
  • Progressing developments in the industry


Market Driver
:

Inflated Demand for Self-driving Cars to Aid Market Expansion

The market is primarily driven by the rapidly progressing automotive industry. The growing demand for semi-autonomous cars with advanced driver assistance systems will have a tremendous impact on the global market during the forecast period. Moreover, the increasing efforts of numerous manufacturers towards the development of high-end self-driving cars with enhanced control will simultaneously foster healthy growth of the market.

The growing development of complex passenger & commercial vehicles with numerous features such as blind-spot detection, intelligent parking assistance, emergency Braking, and more will spur the demand of the market in the near future. Moreover, the growing emphasis on eco-friendly cars, equipped with smart transportation management minimal and adaptive cruise control will significantly boost the growth of the market in the forthcoming years. In addition, the increasing technological advancement in vehicle-to-Infrastructure (V2I), and Vehicle-to-vehicle (V2V) communications will create lucrative opportunities for the market in the foreseeable future.

Market Restraint:

COVID-19 Outbreak to Hamper Market Growth

The coronavirus outbreak has negatively impacted the global market. The shutdown of manufacturing plants along with the decline in customer footfalls at showrooms has destructively hindered the global market. The implementation lockdown by several countries has led to drop-in automobile sales, which, in turn, will thwart the growth of the market during the forecast period. In addition, fast track strategies and efforts by key manufactures to overcome the mammoth loss can help recover the damage caused during the pandemic, which in turn, will reinforce the supply chain and accelerate the market.
 
Regional Analysis
:

Presence of Major OEMs to Augment Growth in North America

The market in North America is expected to witness a high growth rate during the forecast period owing to the presence of major manufactures in the region. The growing production of luxury vehicles in the US will have a positive influence on the market in the region. Europe is expected to witness a substantial growth rate in the forthcoming years due to the existing V2X manufacturers in the region. The growing adoption of autonomous and semi-autonomous vehicles will further enhance the market potential in European countries such as Germany, France, England, and others. Asia Pacific is predicted to rise excellently in the forthcoming years. The growth in the region is attributed to the rapid expansion of the automotive industry in the region.


 
Speak to Analyst:  https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-v2x-market-103320



List of the Leading Companies Operating in the Automotive
V2X Market are:

  • Delphi Automotive PLC
  • Continental AG
  • Infineon Technologies AG
  • Qualcomm Inc.
  • Cohda Wireless Pty
  • Arada Systems Inc
  • Savari Technologies Pvt. Ltd.
  • Kapsch TrafficCom
  • eTrans Systems
  • Denso Corporation
  • AutoTalks Ltd.

Key Development:

2018: Savari announced that it has signed an agreement with 5GAA, BMW Group, Ford, Groupe PSA, and Qualcomm for the first European demonstration of C-V2X direct communication interoperability between multiple automakers.


Order a Complete Research Report:

https://www.fortunebusinessinsights.com/checkout-page/103320


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Merger, Acquisitions, and Partnerships
    • Distributor Analysis – For Major Players
    • Growth and Penetration Analysis
    • Porter’s Five Forces Analysis
    • PEST Analysis
    • Vendor Landscape
  • Global Automotive V2X Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Connectivity Type
      • DSRC 
      • Cellular 
      • Market Analysis, Insights and Forecast – By Vehicle Type
      • Personal Car 
      • Commercial Vehicle
    • Market Analysis, Insights and Forecast – By Communication Type
      • V2I
      • V2V
      • V2P
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Rest of the World

TOC Continued…!!!


Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/automotive-v2x-market-103320



Have a Look at Related Research Insights:

Automotive Electronics Market Size, Share & Industry Analysis, By Application Type (Advanced Driver Assistance System (ADAS), Body Electronics, Power Electronics, and Infotainment), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Electric Vehicle) and Regional Forecasts, 2019-2026

Advanced Driver Assistance Systems Market Size, Share & Industry Analysis, By System Type (Adaptive Cruise Control, Blind Spot Detection, Park Assist, Lane Departure Warning System, Autonomous Emergency Braking, Heads-Up Display, Intelligent Headlights), By Component Type (LiDAR, Radar, Camera, Sensors), By Vehicle Type (Passenger Car, Light Commercial Vehicle) and Regional Forecasts, 2019-2026

Automotive Electronic Control Unit Market Size, Share & ECU Industry Analysis, By Application (Powertrain, Braking Systems, Body Electronics, ADAS, Infotainment), By Vehicle (Passenger, LCV, HCV, Electric Vehicle), and Regional Forecasts, 2019-2025

Automotive Powertrain Electronics Market Size, Share & Industry Analysis, By Component Type (Electric Motor, Inverter, DC/DC Converter, Battery Management System, Cell Module Controller, On-Board Charger), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2019-2026

Connected Car Market Size, Share & Industry Analysis, By Service(mobility, telematics, infotainment, driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2026

Automotive ECall Market Size, Share & COVID-19 Impact Analysis, By Type (Automatic and Manual), By Vehicle Type (Passenger Cars Light Commercial Vehicle and Heavy Commercial Vehicles) and Regional Forecasts, 2019-2026

Automotive Electric Turbocharger Market Size, Share & COVID-19 Impact Analysis, By Fuel Type (Gasoline and Diesel), by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecast, 2019-2027

Dashboard Camera Market Size, Share & Covid-19 Impact Analysis, By Technology Type (Basic, Advanced, and Smart), By Channel Type (Single channel and dual channel), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027

Advanced Parking Management System Market Size, Share & Industry Analysis, By Parking Site Type (On-Road and Off-Road), By Application Type (Commercial and Government), and Regional Forecasts, 2020-2027



About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.  

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:

US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release:
https://www.fortunebusinessinsights.com/press-release/global-automotive-v2x-market-10121