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  • Automotive V2X Market to Exceed $12,859 million by 2028




    (Transportation-News.com, February 25, 2020 ) According to the new market research report "Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region - Global Forecast to 2028", published by MarketsandMarkets, The Automotive V2X Market is projected to grow at a CAGR of 44.2% to reach USD 12,859 million by 2028 from an estimated USD 689 million in 2020.



    The demand for safe and connected vehicles, increased EV sales, government regulations to curb emissions, and need to reduce traffic congestion are driving the overall Automotive V2X Market. OEMs, in collaboration with automotive V2X players, have installed V2X in their models, which is expected to drive the growth of the Automotive V2X Market.



    Browse and in-depth TOC on Automotive V2X Market

    136 - Tables

    50 - Figures

    182 - Pages



    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90013236



    OBU is expected to hold the largest share of Automotive V2X Market, by unit



    The increase in sales of vehicles equipped with V2X is the key factor driving the OBU segment, as every vehicle will be equipped with OBUs for V2X communication. Some of the top players in the Automotive V2X Market offering OBUs are Denso, Cohda Wireless, and Savari, among others. OBUs are the main units used for all communications such as V2V, V2I, and V2P.



    ICE segment is estimated to be the fastest and largest Automotive V2X Market, by propulsion



    The growth of the ICE segment is due to the fact that V2X directly helps in improving fuel economy, which further helps reduce pollution. The pollution caused by transportation is a major issue faced across the globe. The optimization of traffic by application of the V2X would enable the reduction of fuel consumption. The number of ICE vehicles equipped with V2X is high, and more vehicles are expected to be launched during the forecast period. This would also drive the ICE V2X market.



    Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=90013236



    North America is expected to be the fastest Automotive V2X Market, by region



    The growth of the North American Automotive V2X Market can be attributed to the high sales of vehicles equipped with V2X, such as Cadillac CTS and Mercedes-Benz E-Class in the region. The presence of top V2X players such as Qualcomm Technologies, Harman International, and Savari would also contribute to the growth of the North American Automotive V2X Market.



    The Automotive V2X Market is dominated by globally established players such as Robert Bosch GMBH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (US), Autotalks Ltd. (Israel), and Delphi Technologies (UK). In September 2018, Autotalks announced the launch of the V2X solution. The second-generation V2X chipset is the only available solution capable of supporting both DSRC and C-V2X direct communications (PC5 protocol) at the highest security level. In April 2019, Qualcomm Technologies partnered with Audi AG, Ericsson, SWARCO Traffic Systems GmbH, and the University of Kaiserslautern to demonstrate the worlds first cross-border C-V2X direct communication in San Diego, California.



    Browse Related Report:



    Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, and Region - Global Forecast to 2027





    https://www.marketsandmarkets.com/Market-Reports/connected-car-market-102580117.html



    About MarketsandMarkets



    MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.



    Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



    MarketsandMarketss flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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    MarketsandMarkets INC.

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    Email: sales@marketsandmarkets.com

    Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-vehicle-to-everything-v2x-market.asp

    MarketsandMarkets

    Mr. Sanjay Gupta

    1-888-600-6441

    newsletter@marketsandmarkets.com

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