The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Automotive V2X Market worth $19.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 5, 2022 -- The global Automotive V2X Market is projected to grow from USD 2.6 billion in 2022 to USD 19.5 billion by 2028, at a CAGR of 39.7%, according to a new report by MarketsandMarkets™. Factors such as developments in connected car technology, paired with increasing focus towards traffic safety are expected to augment revenues for the Automotive V2X Market. Advancements in 5G technology, in conjunction with development in autonomous vehicles will create favorable opportunities for this market.

Browse in-depth TOC on "Automotive V2X Market"
278 – Tables
73 – Figures         
286 – Pages

Download PDF Brochure:

Software segment is estimated to be fastest-growing market during the forecast period.

The software segment is expected to register the fastest growth during the forecast period. The software segment is also expected to be the largest market due to the advent of 5G technology and growing features in automotive V2X. With the rising V2X adoption, the demand for V2X software is expected to increase exponentially over the forecast period. The upcoming technologies in V2X software should be compatible with DSRC and C-V2X. Some of the main players in the Automotive V2X Market offer software solutions compatible with DSRC and C-V2X. For instance, Commsignia offers hardware and software components capable of supporting both DSRC and C-V2X.

V2G segment is expected to account for significant share in the Automotive V2X Market during the forecast period

V2G is a technology where electric vehicles communicate with the power grid to regulate the charging rate or return the electricity to the grid. The three key components of V2G are the location at which the vehicle connects to the electrical grid, EVSE, and the electric vehicle that manages SOC. V2G enables consumers to charge their electric vehicles and monitor costs through mobile phones. Governments in the Asia Pacific region are also focusing on the introduction of electric commercial vehicles. In September 2020, the Indian government announced plans to offer incentives worth USD 4.6 billion to companies establishing advanced battery manufacturing facilities to reduce oil imports while switching to EVs. Similarly, China is focusing on increasing electric vehicles to combat the rising emissions in the country. The Chinese government is providing significant subsidies for the electrification of vehicles, which, in turn, has increased the sales of electric vehicle charging stations in China. Owing to these parameters, V2G is likely to emerge as a promising segment during the forecast period.

Request FREE Sample Report: 

"Europe is expected to have significant share in the Automotive V2X Market by 2028."

Europe is expected to have significant growth in the Automotive V2X Market during the forecast period. The high sales of V2X-equipped vehicles would pave the way for other automotive OEMs to equip their vehicles with V2X. The improved infrastructural facilities compared to other regions would enable the easy incorporation of V2X in Europe. Europe is home to some of the top players in the Automotive V2X Market, such as Continental AG (Germany) and Robert Bosch GmbH (Germany). A few tests/trials are taking place in this region, among which many are conducted by the 5GAA for C-V2X. All these factors are expected to drive the European Automotive V2X Market during the forecast period.

The major players in Automotive V2X Market are Qualcomm Incorporated (US), Autotalks (Israel), Continental AG (Germany), Cohda Wireless (Australia), and Robert Bosch GmbH (Germany). These companies have strong product portfolio as well as strong distribution networks at the global level.

Get 10% Free Customization on this Report:

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting 

Browse Related Reports:

Autonomous / Self-Driving Cars Market by Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (Hatchback, Coupe & Sports Car, Sedan, SUV), Level of Autonomy (L1, L2, L3, L4, L5), Mobility Type, EV and Region - Global Forecast to 2030

ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region - Global Forecast to 2030

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, 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.

MarketsandMarkets's 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.

Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: [email protected]
Research Insight:
Visit Our Website:
Content Source:


SOURCE MarketsandMarkets