Home > Automotive > Automotive Technology > Vehicle Interface > Automotive Vehicle-To-Everything (V2X) Market

Automotive Vehicle-To-Everything (V2X) Market Trends

Report ID: GMI5844
Published Date: May 2023
Report Format: PDF

Download Free Sample

Automotive Vehicle-to-Everything (V2X) Market Trends

The increasing demand for cars with advanced safety, comfort, and convenience systems is surging the adoption of autonomous and connected vehicles. The rising demand for fundamental vehicle connectivity applications including real-time updates, navigation, and in-car infotainment has been largely attributed to the increased demand for connected car services. The growing demand for connectivity solutions, the introduction of the Internet of Things (IoT) in the automotive industry, and the increasing demand for an improved driving experience are the major factors contributing to the adoption of connected vehicles.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive V2X reached USD 2.5 Billion in 2022 and is will grow at 25% CAGR during 2023 to 2032, owing to increasing development of smart cities, along with government focus on providing smart transportation through smart infrastructures such as advanced traffic signals, surveillance cameras, and toll stations.

The autonomous Driving segment is anticipated to witness 28% growth between 2023 and 2032, on account of emphasis to increase road safety through greater precision & accuracy in path planning offered by V2X technology for autonomous driving.

The automotive vehicle-to-everything (V2X) industry in Asia Pacific is a fastest growing region with a growth rate of 26% through 2032, attributed to high rate of technological advancements in the automotive and communications sectors in numerous nations across the region, along with widespread deployment of V2X technology.

Dreem 124, Eight Sleep , Emfit Ltd., Garmin Ltd. , Google LLC, Koninklijke Philips, N.V., Motive Inc, Oura Health oy, Sleepace, SLEEPON, Sleepme Inc., Sleep Number Corporation, Tempur Pedic North America, LLC, Ultrahuman Healthcare Pvt Ltd, Whoop, Withings, and Xiaomi Corporation.