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(USGovernment-News.Com, April 06, 2023 ) As per Maximize Market research, the total global market for “Automotive V2X Market” was USD 1.88 Bn in 2021 and is expected to grow at a CAGR of 38.2 percent over the forecast period to reach USD 25.02 Bn by 2029.
Automotive V2X Market Report Scope and Research Methodology
The report includes an in-depth region-wise and segment-wise analysis of the Automotive V2X Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference.
The Automotive V2X Market is driven by increasing collaboration and innovations in connected vehicle technology, rapid urbanization and industrialization and increasing advancements in cellular V2x technology combined with 5G and AI technology. The market growth is hampered by the lack of Infrastructure.
Automotive V2X Market Regional Insights
During the forecast period, Asia Pacific is expected to dominate the market with the largest market share. The regional market growth is driven by the growth in the automotive industry, the increasing purchasing power of people and growing environmental concerns.
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
V2X Cybersecurity Market- The market size is expected to reach USD 4.60 Bn by 2029 at a CAGR of 18.3 percent during the forecast period.
Automotive LiDAR Sensor Market- The Market size is expected to reach USD 2.09 Bn by 2029 at a CAGR of 24.55 percent during the forecast period.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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