The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the automotive vehicle to everything (v2x) communications market’s growth in recent years?
The increasing demand for connected vehicles will propel the growth of the automotive vehicle to everything (V2X) communications market going forward. Connected vehicles refer to automobiles equipped with internet connectivity and onboard sensors or gadgets that allow them to communicate with other vehicles, infrastructure, and external systems. The demand for connected vehicles is rising due to several factors, such as 5G connectivity, an increasing focus on safety, and consumer demand for enhanced connectivity features. Automotive vehicle-to-everything (V2X) communications allow connected vehicles to communicate and work with one another and with their surroundings, resulting in safer, more efficient, and environmentally friendly transportation systems. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, nearly 14 million new electric cars were registered globally in 2023. Electric car sales in 2023 rose by 3.5 million units compared to 2022, reflecting a 35% year-on-year growth. Therefore, the increasing demand for connected vehicles is driving the growth of the automotive vehicle to everything (V2X) communications market.
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How does the future projection of the automotive vehicle to everything (v2x) communications market size compare to its historical growth?
The automotive vehicle to everything (V2X) communications market size has grown exponentially in recent years. It will grow from $3.6 billion in 2024 to $4.48 billion in 2025 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to increased awareness about traffic safety benefits, increased consumer demand for advanced safety features, growth in the concern about cybersecurity threats, growth in the need for enhanced situational awareness and collision avoidance systems, growth in investments in research and development.
The automotive vehicle to everything (V2X) communications market size is expected to see exponential growth in the next few years. It will grow to $10.68 billion in 2029 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to increasing demand for connected vehicles, rising industrialization and urbanization, increasing demand for advanced technology, increasing focus on smart cities, rising adoption of smart automobiles. Major trends in the forecast period include technological advancements, accelerated deployment of 5G networks, integration with connected and autonomous vehicles, expansion of cellular V2X (C-V2X) technology, smart city infrastructure.
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Which key players are shaping the future of the automotive vehicle to everything (v2x) communications market?
Major companies operating in the automotive vehicle to everything (V2X) communications market are Volkswagen Group, Toyota Motor Corporation, The Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, AT&T Inc., Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Tesla Inc., Nissan Motor Corporation, Panasonic Holdings Corporation, Cisco Systems Inc., Denso Corporation, Qualcomm Technologies Inc., Continental AG, Volvo Car Corporation, Aptiv PLC, NXP Semiconductors N.V., BorgWarner Inc., Visteon Corporation, Harman International Industries Inc., Mobileye
What trends will propel the growth and evolution of the automotive vehicle to everything (v2x) communications market?
Major companies operating in the automotive vehicle-to-everything (V2X) communications market are focused on developing innovative technology solutions, such as advanced chipsets to enhance communication capabilities among vehicles. Advanced chipsets in automotive V2X communications improve connectivity by facilitating real-time data exchange among vehicles, infrastructure, and road users, enhancing safety and traffic management. For instance, in September 2022, Autotalks Ltd., an Israel-based semiconductor company, launched the TEKTON3 and SECTON3 chipsets, which specialize in advanced Vehicle-to-Everything (V2X) communications, significantly improving road safety and enabling autonomous driving features. These third-generation chipsets are uniquely equipped to support both Dedicated Short-Range Communications (DSRC) and 5G Cellular V2X (C-V2X) technologies, ensuring compatibility with both existing and future V2X requirements. They are the first chipsets certified for Functional Safety according to ISO 26262 ASIL B, making them suitable for critical automotive applications such as automatic braking.
Which regions are expected to become dominant players in the automotive vehicle to everything (v2x) communications market?
Europe was the largest region in the automotive vehicle to everything (V2X) communications market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive vehicle to everything (V2X) communications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the automotive vehicle to everything (v2x) communications market, and how are they evolving?
The automotive vehicle to everything (V2X) communications market covered in this report is segmented –
1) By Type: Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Pedestrian
2) By Technology: Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet And Asset Management, Parking Management System, Line Of Sight, Non-line Of Sight, Backing, Other Technologies
3) By Application: Road Safety Services, Automatic Parking Systems, Emergency Vehicles, Auto Car Services
Subsegments:
1) By Vehicle-To-Vehicle: Collision Avoidance, Cooperative Driving, Traffic Flow Optimization
2) By Vehicle-To-Infrastructure: Traffic Signal Control, Smart Parking Solutions, Roadside Unit (RSU) Communication, Tolling And Payment Systems
3) By Vehicle-To-Pedestrian: Pedestrian Safety Alerts, Smart Crosswalks, Pedestrian Detection And Communication
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How is the automotive vehicle to everything (v2x) communications market defined, and what are its core characteristics?
Automotive vehicle to everything (V2X) communications refer to the technologies that allow vehicles to communicate real-time data with numerous elements in their surroundings. This technology allows cars to transmit information such as speed, location, and direction electronically and in real-time to improve safety, traffic efficiency, and enable advanced driver assistance systems (ADAS) and autonomous driving.
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