Automotive Vehicle to Everything Market Share

APAC Market Statistics

The Asia Pacific automotive V2X market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037 backed by the presence of a strong manufacturing network in the region, the growing sale of vehicles, as well as rising awareness amongst the populace about the benefits of V2X. It was found that China sold over 25 million vehicles in 2020, which included nearly 19,994,000 cars. The important stakeholders in this region operating on automotive vehicle-to-everything advancement are wireless communications technology suppliers and automotive OEMs. In regard to technological advancement, Japan and China are expected to dominate the Asia Pacific region. In Chongqing, for instance, a vehicle-to-everything pilot zone within 20 kilometers of Yongchuan district is evaluating level 4 automated vehicles, which can drive almost entirely autonomously.

North American Market Forecast

On the other hand, North America is expected to experience substantial sales growth owing to the increased implementation of vehicle-to-everything technology by big manufacturers in this region. For instance, Honda is utilizing the high-density V2X surroundings of its type, the US State Route 33 Smart Mobility Corridor, in collaboration with the Ohio Department of Transportation. Correspondingly, Audi declared a pilot program for cellular vehicle-to-everything implementations beginning in Q3 2020 in collaboration with the Virginia Department of Transportation. Furthermore, there has been an increasing trend of connected motorcycle, that is expected to drive the market’s growth in the region.