V2X Communication Market to Record an Impressive
Growth By 2026
V2X Communication Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Vehicle-to-everything (V2X) is the technology, which enables cars to communicate with their
surroundings by passing the information from one vehicle to other vehicle or any object and vice
versa. It is a vehicular communication system that includes different types of communication
systems such as V2I (Vehicle-to-Infrastructure), V2V (Vehicle-to-vehicle), V2P (Vehicle-to-
Pedestrian), V2D (Vehicle-to-device), V2G (Vehicle-to-grid), V2H (Vehicle-to-home), V2N (Vehicle-
to-Network), and V2C (Vehicle-to-Cloud).
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Rising concerns regarding safety is the major factor driving growth of the global V2X
communication market
Rising concerns regarding safety has led to adoption of connected vehicles and this is a major
factor driving growth of the market. Connected vehicles are equipped with communication
systems, which aids in reducing the risk of an accident. Communication systems in vehicles
deliver a definite information of traffic situation across the road network. Moreover, it helps in
obtaining information of traffic flows and in turn aids in reducing vehicles congestion. This also
reduces the possibility of road accidents. For instance, according to World Health Organization