Global Automotive V2X Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger car and Commercial vehicle.

By Unit Type;

On-Board Unit and Roadside Unit.

By Offering;

Hardware and Software.

By Communication;

Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Grid (V2G) and Vehicle-to-Cloud (V2C).

By Propulsion;

ICE and EV.

By Connectivity;

Cellular and DSRC.

By Technology;

Automated driver assistance, Intelligent traffic systems, Emergency vehicle notification, Passenger information system, Fleet & asset management, Parking management system, Line of sight, Non-line of sight and Backing.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn140156924 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive V2X Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive V2X Market was valued at USD 1,310.71 million. The size of this market is expected to increase to USD 15,410.10 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 42.2%.

The Global Automotive V2X (Vehicle-to-Everything) Market is undergoing rapid evolution, driven by advancements in connectivity and the growing demand for safer and more efficient transportation solutions. V2X technology enables vehicles to communicate with each other, as well as with surrounding infrastructure and other road users, including pedestrians and cyclists. This communication occurs through a variety of channels such as Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Cloud (V2C), collectively enhancing situational awareness and enabling new functionalities to improve road safety, traffic efficiency, and overall driving experience.

The automotive industry's shift towards V2X technology is fueled by several factors, including the increasing adoption of connected and autonomous vehicles, growing concerns about road safety, and government initiatives aimed at reducing traffic congestion and emissions. V2X-enabled vehicles can exchange real-time information about their location, speed, direction, and other relevant data, enabling them to anticipate and react to potential hazards more effectively. Moreover, V2X facilitates the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies, laying the groundwork for the future of mobility.

Despite the promising benefits, the widespread deployment of V2X faces challenges such as interoperability issues, cybersecurity concerns, and the need for significant infrastructure investments. Standardization efforts are underway to address compatibility issues and ensure seamless communication among vehicles and infrastructure from different manufacturers and regions. Additionally, robust cybersecurity measures are essential to safeguard V2X networks against potential cyber threats and ensure the integrity and privacy of transmitted data. Moreover, the successful implementation of V2X technology requires collaboration among automakers, technology providers, regulatory bodies, and other stakeholders to establish common standards, address regulatory barriers, and accelerate market adoption.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Unit Type
    3. Market Snapshot, By Offering
    4. Market Snapshot, By Communication
    5. Market Snapshot, By Propulsion
    6. Market Snapshot, By Connectivity
    7. Market Snapshot, By Technology
    8. Market Snapshot, By Region
  4. Global Automotive V2X Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety Regulations and Standards

        2. Increasing Demand for Connected Vehicles

        3. Government Initiatives for Intelligent Transportation Systems

      2. Restraints
        1. Infrastructure Limitations

        2. Concerns Regarding Data Privacy and Security

        3. Interoperability Challenges

      3. Opportunities
        1. Advancements in 5G Technology

        2. Integration of V2X with Autonomous Vehicles

        3. Potential for Enhanced Traffic Management

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive V2X Market, ByVehicle Type, 2020 - 2030 (USD Million)
      1. Passenger car
      2. Commercial vehicle.
    2. Global Automotive V2X Market, By Unit Type, 2020 - 2030 (USD Million)
      1. On-Board Unit
      2. Roadside Unit.
    3. Global Automotive V2X Market, By Offering, 2020 - 2030 (USD Million)
      1. Hardware
      2. Software
    4. Global Automotive V2X Market, By Communication, 2020 - 2030 (USD Million)
      1. Vehicle-to-Vehicle (V2V)
      2. Vehicle-to-Infrastructure (V2I)
      3. Vehicle-to-Pedestrian (V2P)
      4. Vehicle-to-Grid (V2G)
      5. Vehicle-to-Cloud (V2C)
    5. Global Automotive V2X Market, By Propulsion, 2020 - 2030 (USD Million)
      1. ICE
      2. EV
    6. Global Automotive V2X Market, By Connectivity, 2020 - 2030 (USD Million)
      1. Cellular
      2. DSRC
    7. Global Automotive V2X Market, By Technology, 2020 - 2030 (USD Million)
      1. Automated driver assistance
      2. Intelligent traffic systems
      3. Emergency vehicle notification
      4. Passenger information system
      5. Fleet & asset management
      6. Parking management system
      7. Line of sight
      8. Non-line of sight
      9. Backing
    8. Global Automotive V2X Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Qualcomm Technologies, Inc.
      2. Continental AG
      3. Robert Bosch GmbH
      4. Autotalks LTD.
      5. Delphi Technologies
      6. NXP Semiconductors
      7. Infineon Technologies AG
      8. Denso Corporation
      9. Stmicroelectronics
      10. Harman International
      11. Cohda Wireless
      12. Savari, Inc.
  7. Analyst Views
  8. Future Outlook of the Market