In 2021, the global v2x market stood at USD 744 million. Recording a CAGR of 38.6% from 2022 to 2028, the worth is projected to reach ~USD 7,310 million by 2028, according to a new report by Gen Consulting Company.
This industry report offers market estimates of the global market, followed by a detailed analysis of the component, connectivity, communication, propulsion, unit, and region. The global market data on v2x can be segmented by component: hardware, software. Globally, the hardware segment made up the largest share of the v2x market. V2x market is further segmented by connectivity: cellular-v2x (C-V2X), dedicated short-range communications (DSRC). The DSRC segment captured the largest share of the market in 2021. Based on communication, the v2x market is segmented into: vehicle-to-cloud (V2C), vehicle-to-device (V2D), vehicle-to-grid (V2G), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-vehicle (V2V). According to the research, the V2V segment had the largest share in the global v2x market. On the basis of propulsion, the v2x market also can be divided into: internal combustion engines (ICE), electric vehicles (EV). The ICE segment held the largest revenue share in 2021. V2x market by unit is categorized into: onboard units, roadside units. The v2x market by region can be segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
The global v2x market is highly competitive. Some of the leading companies operating in the market are Arada Systems Inc. (Lear Corporation), Continental AG, DENSO Corporation, Derq Inc., Harman International Industries Inc., Huawei Technologies Co. Ltd., Infineon Technologies AG, NXP Semiconductors N.V., Qualcomm Inc., Robert Bosch GmbH, STMicroelectronics N.V., The Kapsch Group, Visteon Corporation.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 38.6% |
| Pages | 25 |
| Key Players | Arada Systems Inc. (Lear Corporation), Continental AG, DENSO Corporation, Derq Inc., Harman International Industries Inc., Huawei Technologies Co. Ltd., Infineon Technologies AG, NXP Semiconductors N.V., Qualcomm Inc., Robert Bosch GmbH, STMicroelectronics N.V., The Kapsch Group, Visteon Corporation |
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