The global market for V2X has been segmented on the basis of communication type, propulsion and component type. Based on the communication type, the market has been segmented into V2V, V2C, V2G, V2D, V2P, and V2I. Based on the component type, the market has been segmented as Hardware and Software. By propulsion type, the global V2X market has been segmented into ICE and EV.
The V2X market has observed significant growth in recent times primarily due to the initiation of advanced technology in vehicles as innovative driver assistance systems. Rapidly growing safety concerns among individuals and augmented emphasis by the insurance companies, the market for V2X is anticipated to register a high growth rate. Increasing demand for vehicles and the consistently growing production is expected to have a significant contribution in the V2X market. Fast developing infrastructure across the globe to accommodate the changing tide in the automotive industry, will have an encouraging impact on the V2X market. Moreover, increasing demand for real-time traffic data and the expansion of connected vehicles are projected to further enhance the need for V2X in the market. With government authorities framing policies to support major automotive producers to push for technological advancement, the demand for V2X is slated for rapid growth during the assessment period.
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MRFR profiled key global V2X Market players. They are:
Toyota Motor Sales, USA, Inc. (Japan), The Hyundai Motor Company (South Korea), Daimler AG (Mercedes-Benz) (Germany), BMW (Germany), General Motors Company (U.S.), Groupe Renault (France), Mazda Motor Corporation (Japan), Hydrogenics (Canada), Kia Motor Corporation (South Korea), Tata Motors Limited (India)
The global V2X Market is studied for various segments by Market Research Future. The segmentations have been carried out on the basis of technology, vehicle type, and region. Based on technology, the global HFCV market is segmented into proton exchange membrane fuel cell, solid oxide fuel cell, and alkaline fuel cell. Based on vehicle type, the market is segmented into passenger car and commercial vehicle.
On the basis of region, the global V2X market has been studied in North America, Asia Pacific, Europe, Middle East & Africa, and South America.
The Asia Pacific region is one of the major regional markets across the globe for V2X and is slated to record a substantial market share over the review period. The V2X market is presently booming in the Asia Pacific region. The rising vehicle manufacture in this region is one of the major driving factors for the growth of the market. Improving infrastructure in this region, along with developing living standards, has positively impacted the automotive industry as a whole. Increasing The availabilityincidence of vehicle electrification in the Asia Pacific region is also expected to impact the V2X market positively. The cheap labor in the Asia Pacific has also been a critical factor in the V2X market. Additionally, the rapidly rising automotive infrastructure in this region is projected to lay the foundation for the rapid expansion of the automotive sector.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
5 V2X, By Communication Type
List Of Tables
TABLE 1 EUROPE V2X, BY REGION 2011-2027, ($ MILLION) 19
TABLE 2 EUROPE V2X FOR ICE, BY REGION 2011-2027, (MILLION) 19
TABLE 3 EUROPE V2X FOR EV, BY REGION 2011-2027, (MILLION) 20
TABLE 4 EUROPE V2X FOR HARDWARE, BY REGION 2011-2027, (MILLION) 20
TABLE 5 EUROPE V2X FOR SOFTWARE, BY REGION 2011-2027, (MILLION) 20
TABLE 6 EUROPE V2X FOR V2C, BY REGION 2011-2027, (MILLION) 2
TABLE 7 EUROPE V2X FOR V2D, BY REGION 2011-2027, (MILLION) 21
TABLE 8 EUROPE V2X FOR V2G, BY REGION 2011-2027, (MILLION) 21
TABLE 9 EUROPE V2X, BY COMMUNICATION TYPE 2011-2027, (MILLION) 22
List Of Figures
FIGURE 1 Supply Chain: V2X 16
FIGURE 2 Porters Five Forces 17
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