The global Automotive Vehicle-To-Everything (V2X) Market is
expected to reach USD 26.72 billion by 2025 according to a new report by Grand
View Research, Inc. The automotive industry is undergoing a series of
transition, the industry moving towards digitalization and connected mobility.
There has been a significant rise in the use of electronics in the vehicles.
The vehicles today have shifted from being a conventional vehicle to
intelligent vehicles and are equipped with communication systems that alert or assist
the driver from a potential accident. Moreover, the rising consumer demand for
convenience features has enforced various OEMs to incorporate V2X communication
systems. The implementation of the of V2X communication will not only increase
the safety aspect but will also provide enhanced driving experience.
There are numerous benefits for implementation of V2X
communication systems, however they are surrounded by challenges. The main
challenge for automotive V2X market to grow is significantly is the need for
robust legal framework. Another important challenge is built a secure system
which ensures privacy, authenticity and security for all types of V2X
communication.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market
http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market
Further key findings from the report suggest:
- Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G and V2I communication type market
- With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about how is data security, anonymity and privacy maintained.
- Synchronized real-time data will be a key factor in determining the growth for the automotive V2X market.
- The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024.
- Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others.
- The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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