According to the new market research report on the automotive V2X market, the market is expected to be valued at USD 767.5 million in 2017 and is expected to reach USD 2.8 billion by 2022, at a CAGR of 29.69% between 2017 and 2022.
The benefits of V2I communication such as decrease in number of accident by notifying the drivers about the information obtained through the communications between the vehicles and sensors installed on the road and efficient traffic management are the major factors expected to drive the automotive V2I market. The factors restraining the market include lack of cellular coverage in developing countries, cost burden on consumers, and lack of infrastructure in the automotive V2X market.
Automotive V2I is expected to grow at the highest rate. The benefits of V2I communication such as the decrease in the number of accident by notifying the drivers about the information obtained through the communications between the vehicles and sensors installed on the road and efficient traffic management are expected to drive the automotive V2I market. In August 2016, Audi announced that it would launch the first V2I technology called Traffic light information on selected models such as Audi Q7, A4, and A4 in the U.S. by early 2017.
Asia-Pacific is expected to grow at the highest rate in the automotive V2X market. This region has emerged as a hub for automotive production; OEMs and suppliers have set up production facilities to cater to the growing demand for automobile in the market. This region houses established automakers such as Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan).
- AT&T Inc.
- Audi AG
- Autotalks Limited
- Cisco Systems, Inc.
- Cohda Wireless Pty Ltd.
- Continental AG
- Daimler AG
- Delphi Automotive Plc
- Harman International Industries, Inc.
- Infineon Technologies AG
- Intel Corporation
- International Business Machines Corporation
- Mobileye NV
- NVidia Corporation
- NXP Semiconductors N.V.
- PTC Inc.
- Qualcomm Inc.
- Robert Bosch Gmbh
- Tomtom N.V.
- Vodafone Group Plc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Vehicle-To-Everything Market, by Offering
8 Automotive Vehicle-To-Everything Market, by Communication Type
9 Automotive Vehicle-To-Everything Market, by Vehicle Type
10 Automotive Vehicle-To-Everything Market, by Connectivity Type
11 Automotive Vehicle-To-Everything Market, by Application
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/hs84k8/automotive
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---automotive-vehicle-to-everything-v2x-market-to-reach-28-billion-by-2022-with-toyota-hyundai--honda-leading-the-way-300371200.html
SOURCE Research and Markets