PUBLISHER: Grand View Research | PRODUCT CODE: 1654379
PUBLISHER: Grand View Research | PRODUCT CODE: 1654379
The global automotive vehicle-to-everything market size is expected to reach USD 155.17 billion by 2030 , registering a CAGR of 42.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transitions, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.
There are numerous benefits for the implementation of V2X communication systems, however, they are surrounded by challenges. The main challenge for the automotive V2X market to grow is the need for a robust legal framework. Another important challenge is to build a secure system that ensures privacy, authenticity, and security for all types of V2X communication.