V2X Market for Automotive Highlights:
V2X Market for Automotive: 2018 Global Industry Forecast To 2023, is latest Global V2X Market Size, Share, Growth And Trends Analysis for Automotive From 2018 To 2023, comprises comprehensive information on V2X Market for Automotive by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), Propulsion Type (ICE and EV) and by Regions Forecast To 2023. The V2X global Market for Automotive is expected to witness significant growth between 2018 and 2023.
V2X Key Companies Market Analyzed In This Report Are:
NXP Semiconductors (Netherlands), Robert Bosch (Germany), Denso (Japan) and Delphi Automotive (U.K.), Continental (Germany), Qualcomm (US).
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V2X Market Insights:
V2X Automotive Market growth is boosted by factors such as, the growing demand for connectivity features in cars and the ability to carry out vehicle diagnostics. Rapidly rising safety concerns among individuals and increased emphasis by the insurance companies. Increasing demand for vehicles and the corresponding increasing production is expected to have significant contribution in the market. Rapidly developing infrastructure across the globe to accommodate the changing tide in the automotive industry, will have a positive impact on the market.
The total four wheeler production for the year 2015 was approximately 90 million units, and it is expected to witness further growth and reach more than 100 million units by the year 2020.
This becomes a primary factor driving the market, as the interiors of the automobiles have gained prevalence in recent times with numerous technological developments and rapidly increasing disposable income among the consumers. Thus, the growth of the market is expected to go hand in hand with the automotive industry.
The high initial cost associated with V2X may act as a major restraining factor in the V2X industry.
V2X Market Segmentation:
For easy understanding the V2X Global Market for Automotive is segmented by by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), Propulsion (ICE and EV) and Regions
V2X Market Regional Analysis:
This report covers major markets for V2X, includes four major regions of North America, Europe, Asia Pacific and Rest of the World.
The growth of the Asia Pacific region can be attributed to the adoption of passenger cars and therefore, the increase in adoption of V2X in the passenger cars. The recent shift in the preference for mileage to vehicle looks and features is also expected to result in the high demand for V2X. The V2X global market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector.
North America and Europe are the two other leading regions, mainly, due to the established automotive industry. The existence of major manufacturers in this region, is also a key driver for the V2X industry. Massive investment in research and development enables manufacturers in this region to develop new techniques and products to tap capitalizing on the future market trends.
The automotive industry in the Middle East and South America is at a nascent stage. The market for V2X is expected to have steady growth during the forecast period. These regions are expected to be lucrative in the future with many automotive manufacturers pumping investments to capitalize on the sufficient demand in these regions.
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List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
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