Automotive V2X Market worth $9.5 billion by 2030 – Exclusive Report by MarketsandMarkets™

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Chicago, Feb. 05, 2024 (GLOBE NEWSWIRE) — Automotive V2X market is projected to grow from USD 0.5 billion in 2023 to USD 9.5 billion by 2030, at a CAGR of 51.9%, according to a new report by MarketsandMarkets™. 

Browse and in-depth TOC on “Automotive V2X Market”   
309 – Tables
96 – Figures      
332 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90013236

Report Attributes
Details

Market size value in 2023:
USD 0.5 billion

Projected to reach 2030:
USD 9.5 billion

CAGR:
51.9%

Forecast Period:
2023-2030

Largest Market:
Asia Pacific

Region Covered:
Asia Pacific, Europe, North America, and RoW

Segments Covered:
Offering, Aftermarket Offering, Communication, Propulsion, Connectivity, Technology, Vehicle Type, Unit, and Region

Companies Covered:
Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., LTD. (China), NXP Semiconductors (Netherlands).

Factors such as advancements in connected car technology, coupled with a heightened emphasis on traffic safety, supportive government initiatives, and regulatory frameworks, are anticipated to contribute significantly to the revenue growth of the automotive Vehicle-to-Everything (V2X) market. C-V2X (Cellular Vehicle-to-Everything) leverages 5G technology to enable advanced connected mobility capabilities through V2X communication. The high data transfer speeds and low latency of 5G networks facilitate real-time communication between vehicles, infrastructure, and pedestrians, enhancing safety features, enabling efficient traffic management, and paving the way for autonomous driving in the rapidly evolving landscape of connected transportation. The evolution of 5G technology, combined with progress in autonomous vehicles, …

Full story available on Benzinga.com


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