Vehicle-to-Everything (V2X) Part of connected car solutions | will be a critical factor in the success of autonomous cars


Posted May 18, 2022 by Parthm

Global vehicle-to-everything (V2X) market will reach $1,692.7 billion by 2030, growing by 64.6% annually over 2020-2030 driven by growing demand for fully autonomous driving and safe vehicles, advancements in 5G technology

 
V2X technology for the automotive industry

V2X is a technology that enables communication between vehicles and surrounding infrastructure. This allows them to provide each other with real-time information, such as traffic congestion and nearby hazards. It also allows for two-way communication between vehicles and infrastructure, which enables the building of smart cities.

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V2X use cases include:

Vehicle-to-vehicle communications (V2V): Vehicles can communicate with each other through wireless networks when they're within range of each other's radio frequencies, allowing drivers to share information about road conditions, traffic flow and possible collisions.

Vehicle-to-infrastructure communications (V2I): The vehicle's embedded computer communicates with roadside devices using dedicated short range communication (DSRC) signals or Wi-Fi, enabling things like dynamic speed limits that vary based on real time traffic conditions; automated payments at toll booths; emergency alerts delivered through connected devices inside the car; signs that are automatically changed by an app downloaded onto your phone; or even streetlights that turn green when you approach them.*

V2X technology for the telecommunication and information technology sector

Vehicle-to-Everything (V2X) technology is a system that enables vehicles to communicate with each other and their surroundings. This includes having the ability to connect with traffic lights, road barriers and other cars. The results of this can be seen in the telecommunication and information technology sector where V2X connects vehicles with each other and infrastructure.

One example of this is found on highways where drivers can use V2X to make informed decisions about the best route based on current traffic conditions. Another example is seen when drivers are prevented from turning into an intersection because another car has already entered it; they will receive an alert that they need to wait until the way is clear before proceeding through it themselves. These types of alerts help reduce accidents while also improving efficiency on roads by decreasing congestion caused by unnecessary lane changes or stops at intersections when no one else is around them at that time

V2X technology for the transportation sector

V2X technology for the transportation sector is a technology that helps improve traffic flow by allowing vehicles to communicate with each other and infrastructure, such as road-side cameras and traffic lights. It can also help prevent accidents by warning drivers of potential hazards.

V2X technology can be used in the transportation sector to help improve traffic flow, prevent accidents, and make tolls and parking payments easier. It can also be used in route planning applications where V2X communicates with other vehicles on the road (such as E-Z Pass) so that drivers know what's ahead without having to look at their GPS device or mobile phone while driving.

V2X technology for the building, home and business security sector

V2X technology can be used to improve the security of homes and businesses. The concept of V2X communication is based on vehicle-to-vehicle (V2V) communication and vehicle-to-infrastructure (V2I) communication. V2X services are provided by means of wireless communications, such as cellular networks or dedicated short range communications (DSRC).

Global vehicle-to-everything (V2X) market will reach $1,692.7 billion by 2030, growing by 64.6% annually over 2020-2030 driven by growing demand for fully autonomous driving and safe vehicles, advancements in 5G technology, increased electric vehicles (EV) sales, government regulations to curb emissions, and need to reduce traffic congestion.

The market for V2X technology is likely to be more specialized, with the automotive sector being the largest market for this technology. However, there are other sectors that could benefit from the use of V2X technology. These include heavy vehicles, public transportation and logistics vehicles, light commercial vehicles (LCVs), and municipal buses.

The report studies the global Vehicle-to-Everything (V2X) market size by players, regions, product types and end industries; The report is based on studies on 2015-2021 and provides forecast from 2022 till 2030 with 2021 as the base year; trade balance; import/export; demand by regions; product types and end industries.
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Issued By Parth Mane
Business Address 84, Sathe Pimplener, Pimple Nilakh
Country India
Categories Automotive
Tags vehicletoeverything v2x market 2022 , vehicletoeverything v2x market share , vehicletoeverything v2x market size
Last Updated May 18, 2022