Cellular Vehicle-to-EverythingMarket Overview:
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Global Cellular Vehicle-to-Everything Market is expected to grow at a CAGR of 9.21% during the forecast period and is expected to reach US$ 14.68 Bn by 2029.
Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
Rapid urbanisation, rising vehicle sales, manufacturing, and vehicle electrification are the main factors boosting the Cellular Vehicle-to-Everything (C-V2X) market's expansion. The market is expanding due to the global automotive industry's rapid expansion and rising vehicle demand. Adoption of cutting-edge technology and rising demand for autonomous vehicles are two additional key drivers of market expansion. Growing public awareness of the importance of driving safely and the popularity of vehicle telematics both contribute to market expansion. The major drivers of the market's growth in the near future are urbanisation and the rise of smart cities.
The market for cellular vehicle-to-everything (C-V2X) technology is divided into four categories: communication, vehicle type, application, and region. The primary factor anticipated to drive the vehicle-to-vehicle segment is an increase in safety concern due to an increase in traffic accidents, as this improves the vehicle safety features like lane changing warning and forward collision warning. The demand for passenger vehicles rises as a result of rising population in emerging economies and rapid urbanization, and as a result, the passenger vehicle segment of vehicle type will experience the highest growth rate during the forecast period, while light vehicles, which are used to transport goods, will experience moderate growth.
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Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Cellular Vehicle-to-Everything market are as follows:
• Qualcomm Technologies Inc.
• AT&T Solutions
• Autotalks Ltd.
• Commsignia Ltd.
• Robert Bosch GmbH
• Continental AG
• Intel Corporation
• Genvict, Huawei
• Huawei Technologies co. Ltd.
• Reliance Jio Infocomm Limited
• NTT Docomo
• Ficosa International SA
• Quectel Wireless
• Quectel wireless co. Ltd.
• Keysight Technologies
• Rohde & Schwarz
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Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Cellular Vehicle-to-Everything market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis onCellular Vehicle-to-EverythingMarket:
Due to a break in operations, end-user sectors where Cellular Vehicle-to-Everything are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Cellular Vehicle-to-Everything manufacturers, affecting the development of the Cellular Vehicle-to-Everything market in 2020. End-user business demand for Cellular Vehicle-to-Everything has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in theCellular Vehicle-to-EverythingMarket Report are:
Which segment had the largest share in the Cellular Vehicle-to-Everything market in 2021?
What is the competitive landscape of the Cellular Vehicle-to-Everything market?
Which are the key drivers aiding the Cellular Vehicle-to-Everything market growth?
Which region has the maximum share in the Cellular Vehicle-to-Everything market?
What will be the CAGR of the Cellular Vehicle-to-Everything market during the forecast period (2022-2027)?
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