239 Users Online
V2X (Vehicle to everything) Technology Market Segmented By Product Type that is Hardware V2X (Vehicle to everything) Technology, Software V2X (Vehicle to everything System) Technology with Unit Type that is On Board Unit, Roadside (Off Board) Unit
V2X (Vehicle to everything) Technology is medium to connect vehicles with other automobiles and with the Infrastructure technology. It acts as a communication system for the vehicle which help to connect to the entity which can affect the vehicle or in cases entity can be affected by vehicle.
V2X (Vehicle to everything) Technology is collective term to incorporate numerous other specific types of vehicle communication systems, such as V2V, V2P, V2D. The main aim of V2X (Vehicle to everything) Technology is to improve the road safety, energy savings and regulation in traffic congestion.
According to the recent data published by National Highway Traffic Safety Administration, after the implementation of V2V communication, to connect the vehicles with each other there has been significant reduction of about 13% which resulted in 493,000 lesser crashes.
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
The intense usage of vehicle and inception of high end vehicles has subsequently increased which is anticipated to develop the market for V2X (Vehicle to everything) technology in the global market through forecast years in the market.
The main purpose of V2X system is providing better passenger safety and regulation and efficient traffic. To serve this purpose and to inculcate more safety and comfort in driving automobile manufacturers like general motors and Toyota have already manufactured and introduced some of their vehicles with V2X (Vehicle to everything) technology for the vehicles in North America and Japan.
However, the real pathbreaker come in favor of V2X (Vehicle to everything) Technology is number of manufacturers such as Jaguar, Daimler, Ford, Land Rover, Geely, SAIC, Audi and BMW have started to support and push for the demonstrations and field trials for the development and inculcation of the technology in their vehicles and emerge as a pioneers in the division in order to bolster their sales in the global market.
Although, high initial cost and implementation only in the high end models and vehicles, less awareness about benefits of the technology is anticipated to limit the potential growth in the coming years for the market.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized Version| On the basis of Technology |
|
| On the basis of Product Type |
|
| On the basis of Vehicle Type |
|
| On the basis of Unit Type |
|
| On the basis of Connectivity Medium |
|
| On the basis of Application |
|
V2X (Vehicle to everything) Technology Market of Europe is anticipated to procure noteworthy traction in the forecast years with changes in the regulatory norms in the European Union region. Elevated traction towards Intelligent Transport System (ITS) in U.S. is anticipated to propel the demand for V2X (Vehicle to everything) Technology in North America region.
The countries in East Asia such as China with substantial vehicle fleet are trying to regulate their traffic and are also working to improve safety standards for passenger. To minimize these aforementioned problems and reduce its transportation challenges the country is expected to fuel up sales of V2X (Vehicle to everything) Technology Market in the region.
To effectively work and augment the adoption of V2X (Vehicle to everything) Technology Chinese NDRC (National Development and Reform Commission) aims for 90% of network coverage in the market by end of 2020. Also numerous manufacturers in the market of China are likely to push the swift growth in the market. The market of South Asia is anticipated to progress with steady though sluggish growth as less awareness amongst consumers in regards with Intelligent Transport System (ITS).
Sales Team
Client Partner
The key manufacturers for V2X (Vehicle to everything) Technology identified across the value chain are listed below:
The research report presents a comprehensive assessment of the V2X (Vehicle to everything) Technology Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to V2X (Vehicle to everything) Technology Market segments such as geographies, Technology, Vehicle Type, Unit Type, Application, and Connectivity Medium.
The global V2X (Vehicle to everything) Technology Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The global V2X (Vehicle to everything) Technology Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global V2X (Vehicle to everything) Technology Market report also maps the qualitative impact of various market factors on market segments and geographies.
