Automotive vehicle to everything (V2X) is a technology that helps increase road safety by means of advanced technological improvements in automotive electronics. V2X is based on the concept of intelligent transport system (ITS) and helps in efficient traffic management. This technology enables a vehicle to communicate with the neighbouring vehicles, any obstacles such as pedestrian, infrastructure, and even with a vehicle out of sight or any other elements in a traffic-congested area.

Some of the key factors propelling the market growth include growing demand for fully autonomous driving and safe vehicles, advancements in 5G technology, increased EV sales, government regulations to curb emissions, and need to reduce traffic congestion. However, latency/reliability challenges are restraining the market growth.

Some of the key players in automotive V2X market include Delphi Technologies, Mitsubishi Corporation, Stmicroelectronics, Cohda Wireless, Savari, Inc., Daimler AG, Audi AG, Huawei Technologies Co., LTD., and Tata Motors.

-Automotive V2X Global Market Outlook (2018-2027)
Statistics MRC