According to recent findings, the  Automotive V2X Market size is valued at USD 0.74 billion in 2024 & is projected to reach USD 11.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2024-30. 

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Automotive V2X Overview:

The growth in the market is driven mainly due to the adoption of connectivity technologies in automobiles which gradually becoming a standard. This is largely due to the policy shift of the countries globally to improve their road safety. Auto manufacturers are deploying V2X technologies coupled with AI and 5G to enhance driver experience whilst complying with government guidelines. Additionally, these technologies are driving the adoption of autonomous and electric vehicles.

With increasing dependency on technology and a surge in the tech-savvy population, there has been an increase in demand for the deployment of network connectivity in vehicles. More than 90% of all new vehicles worldwide will be connected by 2030 and 45% of them will have intermediate to advanced connectivity features like multisensory interactions for all occupants, connection to other ecosystems and platforms, and intelligent decision-making through seamless environmental linkages.

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Automotive V2X Outlook and Future Trends :

Rising Adoption of Vehicle-to-Everything (V2X) with 5G – Earlier V2X technology had a latency problem which would effectively limit their ability to perform efficiently. As the world is going through a mass deployment of 5G, automakers are looking at 5 G-enabled C-V2X or V2X for better performance and reliable communication of connectivity systems. Through 5G, vehicles integrated with the V2X connectivity can now get real-time updates, blind spot monitoring, and an efficient Vehicle-to-Infrastructure (V2I) communication system. This will allow connected vehicles on the road to have better situational awareness by effectively communicating with each other and their surrounding infrastructures. Recently, Autotalks in collaboration with Rolling Wireless will provide the first 5G V2X connectivity solutions for vehicles and e-bikes in the market.

Global Automotive V2X Segmentation Analysis:

By Offering

• Hardware- Market Size & Forecast 2019-2030, USD Million
• Software- Market Size & Forecast 2019-2030, USD Million

By Communication Type

• Vehicle-to-Vehicle (V2V) Communication- Market Size & Forecast 2019-2030, USD Million
• Vehicle-to-Infrastructure (V2I) Communication- Market Size & Forecast 2019-2030, USD Million
• Vehicle-to-Pedestrian (V2P) Communication- Market Size & Forecast 2019-2030, USD Million
• Vehicle-to-Home (V2H) Communication- Market Size & Forecast 2019-2030, USD Million
• Vehicle-to-Grid (V2G) Communication- Market Size & Forecast 2019-2030, USD Million
• Vehicle-to-Network (V2N) Communication- Market Size & Forecast 2019-2030, USD Million

According to reports, The Vehicle-to-Vehicle (V2V) type of communication holds the largest market share in the Global Automotive V2X Market.

By Connectivity Type

• Dedicated Short Range Communications (DSRC) - Market Size & Forecast 2019-2030, USD Million
• Cellular Connectivity- Market Size & Forecast 2019-2030, USD Million

By Vehicle Propulsion Type

• Internal Combustion Engine (I.C.E.)
  • Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
  • Commercial Vehicle- Market Size & Forecast 2019-2030, USD Million
• Electric Vehicle- Market Size & Forecast 2019-2030, USD Million

According to reports,Internal Combustion Engine vehicles hold the largest market share in the Global Automotive V2X Market based on the vehicle propulsion type segment. 

By Sales Channel

• OEM- Market Size & Forecast 2019-2030, USD Million
• Aftermarket- Market Size & Forecast 2019-2030, USD Million

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific.

According to reports, The Asia Pacific region accounts for the largest market share in the Global Automotive V2X Market, as it accounts for the largest number of automobile sales specifically from China, India, Japan, and South Korea.

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Some of the Market players in the Global Automotive V2X are:

• Continental AG
• Lear Corporation
• Strategic Initiatives           
• Qualcomm, Inc.
• NXP Semiconductors
• LG Vehicle Component Solutions
• Commsignia
• HARMAN International
• Mobileye
• Miovision
• Infineon Technologies AG
• Denso Corporation
• Autotalks Ltd.
• Cohda Wireless
• Neusoft Corporation
• Huawei Technologies Co., Ltd.
•  

Automotive V2X Recent Development:

• August 2024: Commsignia and Bosch have joined forces to provide safety solutions for the vulnerable road users. Combing Bosch’s camera with AI-driven video analytics coupled with Commsignia’s V2X solution to create a digital twin of the traffic for better road safety on vulnerable roads.

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Key Highlights of the Report – Unlock Valuable Market Insights

• Market Size, Share & Future Projections – Understand the current market dimensions and forecasted growth trajectory.
• In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
• Company Strategies & Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
• Key Stakeholders & Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
• Import & Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
• Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
• Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
• Market Trends & Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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