Automotive V2X Market Segmentation:
By Vehicle Type Segment Analysis
In automotive V2x market, passenger cars segment is set to dominate revenue share of around 44.5% by the end of 2035, attributed to the increase in the integration of connected vehicle technology. Passenger car manufacturers implement V2X technology due to government-authored security protocols and technical safety standards. Multiple regulatory entities worldwide urge industry standards for vehicle communications to decrease traffic occurrences and strengthen road-based systems. Moreover, the 5G network transition is speeding up V2X deployment in passenger vehicles through its power to support low-latency communication and fast data transfers. Modern advancements are transforming the future of smart mobility through V2X technology, which stands as a mandatory feature in upcoming passenger vehicles.
Communication Type Segment Analysis
The vehicle-to-vehicle (V2V) segment in automotive V2x market is expected to register rapid growth during the forecast period, owing to increasing road safety initiatives and accident prevention norms to cater to rising road accidents. With the V2V technology, drivers can receive real-time data, vehicle speed, and their position and condition updates from the road. Modern technological innovations and strategic business partnerships continue to accelerate the rise of V2V communication systems. For instance, TTTech Auto expanded its collaboration with ZettaScale Technology to introduce Zetta Auto in July 2023 as a single solution that unites in-vehicle and V2X communication systems.
Our in-depth analysis of the global automotive vehicle-to-everything market includes the following segments:
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Communication Type |
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Vehicle Type |
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Connectivity Type |
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