The V2X Communication Technology Market is projected to reach USD 18.74 billion by 2033, growing from USD 0.52 billion in 2023 at a compound annual growth rate (CAGR) of 48.14% between 2023 and 2033. This market involves the development, production, and deployment of Vehicle-to-Everything (V2X) communication systems. V2X technology allows vehicles to communicate with each other (V2V), with infrastructure (V2I), with pedestrians (V2P), and with networks (V2N). By enabling the real-time exchange of information among vehicles, traffic lights, road signs, and other components of the transportation ecosystem, V2X technology aims to improve road safety, traffic efficiency, and the overall driving experience.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Offering (Hardware, Software)
By Vehicle Type (Passenger Car, Commercial Vehicle)
By Communication (Vehicle-To-Vehicle (V2v), Vehicle-To-Infrastructure (V2i), Vehicle-To-Pedestrian (V2p), Vehicle-To-Grid (V2g), Vehicle-To-Cloud (V2c), Vehicle-To Device (V2d))
By Technology (Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet & Asset Management, Parking Management System, Line Of Sight, Non-Line Of Sight, Backing, Others)
Key players
Altran
Autotalks Ltd.
Continental
HARMAN International
Infineon Technologies
NXP Semiconductors
Qualcomm Technologies Inc.
Robert Bosch
Savari Inc.
STMicroelectronics
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