Automotive Vehicle-to-Everything (V2X) Market Predicted Double-Digit Growth Rate by 2024
Sarasota, FL -- (SBWIRE) -- 08/30/2017 -- Automotive Vehicle-to-Everything (V2X) Market: Overview
Vehicle-to-everything (V2X) communiqué is the passing of data from a vehicle to any unit that may influence the vehicle. It is a vehicular transportation system that assimilates other more precise types of communication such as V2V (vehicle-to-vehicle), V2P (vehicle-to-pedestrian), V2I (vehicle-to-infrastructure), V2G (vehicle-to-grid) and V2D (vehicle-to-device). V2X communication is generally based on WLAN expertise and works directly among vehicles or the communications, which outline a vehicular ad-hoc network because two V2X senders come in each other's collection. Therefore, it does not need any communications or infrastructure for vehicles to commune, which is the main element to guarantee security in remote or less developed areas. It is mainly well matched for V2X communication because of its less latency and the capability to communicate instantaneously.
In short, vehicle-to-everything communications, which summarize a truly connected vehicle which is able to commune with other traffic lights, pedestrians, vehicles, toll gates, and the owner's home, to be safe, clean and ultimately autonomous and self-driving vehicles.
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Automotive Vehicle-to-Everything (V2X) Market: Growth Factors
The development of the global Automotive Vehicle-to-Everything (V2X) Market driven by growing requirement for secured roads, lesser traffic congestion and lower fuel consumption. Moreover, improving security apprehension with energy saving fueling for the global automotive vehicle-to-everything (V2X) market. Macroeconomic characteristics such as growing economy, expansion in non-refundable income, a rapid growth rate of urbanization, as well as industrialization are also motivating the global market. Assimilation of a value chain, rising automation, and technological improvement are several factors trending in the global automotive vehicle-to-everything (V2X) market in the coming years.
Automotive Vehicle-to-Everything (V2X) Market: Segmentation
The global automotive vehicle-to-everything (V2X) market is divided by application, connectivity type, offering, vehicle type, region, and communication type. By vehicle type, the global market divided into viable and passenger based vehicle. By application, the global automotive vehicle-to-everything (V2X) market divided into the analytical continuation, secluded monitoring and diagnostics, parking managing system, flotilla and asset organization, commuter data system, urgent situation vehicle notification, intelligent travel system, and computerized driver assistance.
By communication type, the global market divided into a motor vehicle to motor vehicle, the motor vehicle to home, motor vehicle to network, the motor vehicle to grid, and a motor vehicle to infrastructure. Along with these, the motor vehicle to motor vehicle section accounts for comparatively high profits market share in the market followed by motor vehicle to network segment in the coming years. By connectivity type, the global market is divided into DSRC and cellular. Along with this DSRC is projected to have major expansion rate in the coming years.
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Automotive Vehicle-to-Everything (V2X) Market: Regional Analysis
On the basis of geography, the global automotive vehicle-to-everything (V2X) market is divided into regions such as Western Europe, Eastern Europe, Japan, North America, and Asia Pacific except Africa, Japan, Latin America, and the Middle East. Among these regions, Western Europe is pursued by North America in the global market, owing to a huge demand for automotive across the region. Japan and Eastern Europe may also account for major revenue share in the global automotive vehicle-to-everything market, owing to rapid technological development across the provinces in the near future.
The Middle East, Latin America, and Africa are expected to have comparatively huge prospect for automotive vehicle-to-everything key market players, ascribed to increasing economy and industrialization. On the whole, the viewpoint for the global automotive vehicle-to-everything market will have a positive expansion in the coming years.
Automotive Vehicle-to-Everything (V2X) Market: Competitive players
Few players in the global automotive vehicle-to-everything (V2X) market include Continental AG, Infineon Technologies AG, Qualcomm Inc., Toyota Motor Corporation, Delphi Automotive PLC, Cohda Wireless Pty, Savari Technologies Pvt. Ltd., Kapsch TrafficCom, eTrans Systems, Arada Systems Inc., Denso Corporation, AutoTalks Ltd., Arada Systems, Volkswagen AG, General Motors Company, Daimler AG, and BMW Group.
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Automotive Vehicle-to-Everything (V2X) Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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