LONDON, March 8, 2017 /PRNewswire/ --
The global vehicle-to-everything (V2X) communications market is expected to see significant growth over the next ten years. Some of the major drivers behind the growth will be stringent safety regulations, increased demand for connectivity and development of autonomous vehicles. Meanwhile, growth will shift from North America and Western Europe to Asia, especially China.
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The V2X market has evolved through a raft of regulations, and government and private investments. It will see further legislations and renewed market growth on the back of rapid adoption of V2V and V2I communication technologies.
Commodity Inside understands that demand for automotive connectivity is at its embryonic stage and has an enormous growth potential. V2X communication technologies will enhance existing safety features and help developing new applications. With automakers planning to introduce fully autonomous vehicles by 2021, V2X will be one of the major beneficiaries and will see a surge in sales.
The deployment of 5G cellular technology will also put pressure on the existing dedicated short-range communications (DSRC) technology. However, both technologies would have limitations, so both will continue to be used over the next ten years. The 5G technology will open new opportunities for big data and big data analytics, allowing the fastest transmission of the vast amount of live data.
The expected high growth and rising adoption have also opened new opportunities for high-tech companies. Vehicles are increasingly becoming vulnerable to hacking as they are interacting with others vehicles and devices. Consequently, this has opened new venues for cyber security companies which are penetrating quite rapidly in the automotive market.
REPORT DETAILS
Global Vehicle-to-Everything (V2X) Communications Market out to 2027 is a valuable resource necessary for examining the global V2X communications market. We have employed a very sophisticated and robust approach to assess the automotive market by taking into account various demand and supply dynamics as well as technological developments. The report has also encompassed different segmentations of the market and strategic directions for OEMs and Tier-1 suppliers going forward. The report covers the following key aspects:
Global Vehicle-to-Everything (V2X) Communications Market out to 2027 provides you with the following in-depth analysis:
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About Commodity Inside
Commodity Inside (https://commodityinside.com/) is an independent privately owned company provides market research analysis, consulting and training to the commodities market. We specialise in glass, metal, paper and plastic industries and its end use sectors such as construction, automotive, packaging and white goods. Our consultancy arm offers specialist expertise to companies in these sectors, and helping them in making the right decisions.
For further information about this report and additional research, please contact:
Obaid Shah
Downstream Industries
Email: o.shah@commodityinside.com
Tel: +44 (0) 207 14 00002
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