V2X Market Research Report - Global Forecast till 2023, by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), and Propulsion Type (ICE and EV) and by Regions - Global Forecast To 2023. MRFR Press Release/- Market Research Future published a cooked research report on global V2X market. The global market for the V2X is expected to witness significant growth between 2016 and 2023.

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The key players in the global V2X market are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), and Delphi Automotive (U.K.). In 2016, these companies accounted for a share of the global market.

However, the coverage and range limitation of V2X coupled with its slow data transfer is a major restraint in the market. Poor security offered by V2X technology, also acts as a hindrance to the widespread implementation of V2X. 

The V2X market is currently booming in the Asia Pacific region. Rapidly rising vehicle production in this region is one of the primary driving factors. Improving infrastructure in this region combined with improving living standards have positively impacted the automotive industry as a whole. Increasing incidence of vehicle electrification in the Asia Pacific region is also expected to impact the V2X market positively. Availability of cheap labor in Asia Pacific has also been a critical factor in the V2X market. Additionally rapidly growing automotive infrastructure in this region is expected to lay the groundwork for the rapid development of the automotive sector.

The global V2X market has been segmented by Communication Type as V2C, V2D, V2G, V2P, V2V and V2I. By component type, the market has been segmented as Hardware and Software. By propulsion type, the market has been segmented as ICE and EV. By region, the market for V2X has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.

North America and Europe are the two other leading regions, mainly, due to the established automotive industry. The existence of major manufacturers in this region, is also a key driver for the V2X industry. Massive investment in research and development enables manufacturers in this region to develop new techniques and products to tap capitalizing on the future market trends.

For more details browse this report at: https://www.marketresearchfuture.com/press-release/v2x-market

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