VEHICLE-TO-EVERYTHING (V2X) TEST EQUIPMENT MARKET ANALYSIS

Vehicle-to-Everything (V2X) Test Equipment Market, By Product Type (By Device Type: Signal & Spectrum Analyzer, Simulator & Emulator, HIL Test System, RF Conformance & Communication Test Equipment), By Service Type (System Integration, Support & Maintenance, and Consulting), By Connectivity (DSRC Connectivity, Cellular Connectivity) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East& Africa)

Published In : Jul 2023
Code : CMI3256
Pages :170
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges And Opportunities

High cost of V2X testing

The major restraining factor for global vehicle-to-everything (V2X) test equipment market include high cost while performing the V2X testing. V2X testing are performed under virtual and real environments before commercializing this technology in the market. Performing V2X test in real environment require lot of time and money, owing to which companies prefer performing V2X testing using virtual function testing system, which involves testing using software simulators. These factors are expected to hamper the market over the forecast period.

Market Opportunity:

Future potential of 5G & AI technology coupled with the advancement in cellular-V2X (C-V2X) technology

Artificial intelligence (AI) and 5G have an important role in the future of the automotive industry, as predictive capabilities are becoming more prevalent in cars, personalizing the driving experience. In addition, 5G and AI is better equipped with V2X to carry out critical communications for safer & secure driving. Thus, this technology adoption of 5G-enabled V2X technology is expected to offer potential growth opportunities for market.