SAN FRANCISCO, March 14, 2017 /PRNewswire/ --
The global automotive vehicle-to-everything (V2X) market is expected to reach USD 26.72 billion by 2025 according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transition, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in the vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the of V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.
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There are numerous benefits for implementation of V2X communication systems, however they are surrounded by challenges. The main challenge for automotive V2X market to grow is significantly is the need for robust legal framework. Another important challenge is built a secure system which ensures privacy, authenticity and security for all types of V2X communication.
Browse full research report with TOC on"Automotive Vehicle-to-Everything (V2X) Market Analysis By Communication Type, By Connectivity Type, By Vehicle Type, By Region (North America, South America, Asia Pacific, Europe), And Segment Forecasts, 2014 - 2025 " at: http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market
Further key findings from the report suggest:
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Grand View Research has segmented the global automotive vehicle-to-everything market on the basis of communication type, connectivity type, vehicle type, and region:
Read Our Blog: http://www.grandviewresearch.com/blog/automotive-vehicle-to-everything-v2x-market-size-share
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
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