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Add to CartAutomotive Vehicle-to-Everything (V2X) Market
By Vehicle Type;
Passenger Car and Commercial VehicleBy Unit Type;
On-Board Unit and Roadside UnitBy Offering;
Hardware and SoftwareBy 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 EVBy Connectivity;
Cellular and DSRCBy 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 BackingBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Automotive V2X Market Overview
Automotive V2X Market (USD Million)
Automotive V2X Market was valued at USD 1,863.84 million in the year 2024. The size of this market is expected to increase to USD 21,913.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 42.2%.
Automotive Vehicle-to-Everything (V2X) Market
*Market size in USD million
CAGR 42.2 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 42.2 % |
| Market Size (2024) | USD 1,863.84 Million |
| Market Size (2031) | USD 21,913.16 Million |
| Market Concentration | Low |
| Report Pages | 316 |
Major Players
- Qualcomm Technologies, Inc.
- Continental AG
- Robert Bosch GmbH
- Autotalks LTD.
- Delphi Technologies
- NXP Semiconductors
- Infineon Technologies AG
- Denso Corporation
- Stmicroelectronics
- Harman International
- Cohda Wireless
- Savari.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Automotive Vehicle-to-Everything (V2X) Market
Fragmented - Highly competitive market without dominant players
The Automotive V2X (Vehicle-to-Everything) Market is expanding steadily as automakers integrate connected technologies to enhance driving intelligence. This ecosystem facilitates real-time communication between vehicles, infrastructure, and networks, fostering safer and more efficient road travel. Currently, over 55% of vehicle development programs include V2X capabilities to support seamless data exchange and proactive driving behavior.
Growing Integration with ADAS Platforms
The synergy between V2X systems and advanced driver assistance features is strengthening. Around 48% of automakers are now embedding V2X modules into safety architectures to enhance collision prevention and roadway awareness. These systems deliver timely alerts and enable rapid response to dynamic road conditions by leveraging continuous communication with external entities.
5G Deployment Enhancing Communication Speed
The integration of 5G networks and edge computing is revolutionizing V2X operations. Over 36% of current V2X innovation projects prioritize ultra-fast, low-latency connections. These advancements make it possible for vehicles to exchange mission-critical data instantly, paving the way for higher levels of automation and coordinated driving behavior.
Robust Growth Potential in Smart Mobility
As automotive systems evolve toward autonomy and intelligence, the V2X market is positioned for sustained expansion. More than 50% of connected vehicle platforms in development feature built-in V2X technologies. This indicates strong market momentum, driven by the growing need for real-time communication in next-generation mobility ecosystems.
Automotive V2X Market Recent Developments
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In February 2023, Harman International expanded its partnership with Honda, aiming to integrate advanced V2X and connected car technologies into upcoming vehicle models to enhance real-time communication and driving intelligence.
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In March 2023, LG Electronics partnered with Qualcomm Technologies to accelerate innovations in V2X and autonomous driving systems, utilizing the capabilities of Qualcomm’s Snapdragon platforms for next-gen mobility solutions.
Automotive V2X Market Segment Analysis
In this report, the Automotive V2X Market has been segmented by Vehicle Type, Unit Type, Offering, Communication, Propulsion, Connectivity, Technology, and Geography.
Automotive V2X Market, Segmentation by Vehicle Type
The Automotive V2X Market has been segmented by Vehicle Type into Passenger car and Commercial vehicle.
Passenger Car
The passenger car segment holds a significant share in the Automotive V2X Market, driven by growing demand for connected vehicle technology and road safety features. With increasing deployment in urban mobility solutions, this segment contributes to over 60% of the market share.
Commercial Vehicle
The commercial vehicle segment is witnessing steady adoption of V2X communication systems to enhance fleet management, route optimization, and driver assistance. It accounts for nearly 40% of the total market, especially prominent in logistics and public transportation sectors.
Automotive V2X Market, Segmentation by Unit Type
The Automotive V2X Market has been segmented by Unit Type into On-Board Unit and Roadside Unit.
On-Board Unit
The on-board unit segment dominates the Automotive V2X Market, accounting for over 65% of the total share. These units are essential for enabling vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, offering enhanced safety and real-time traffic management.
Roadside Unit
Roadside units play a critical role in supporting intelligent transportation systems by facilitating vehicle-to-everything (V2X) communication. Representing around 35% of the market, they are increasingly deployed at traffic intersections and highways to ensure seamless data exchange between infrastructure and vehicles.
Automotive V2X Market, Segmentation by Offering
The Automotive V2X Market has been segmented by Offering into Hardware and Software.
Hardware
The hardware segment forms the backbone of the Automotive V2X Market, contributing over 60% to the overall revenue. It includes essential components like antennas, communication modules, and processors that enable real-time V2X communication and connectivity in vehicles.
Software
Software solutions are gaining traction as they power the communication protocols, security layers, and data analytics essential for effective V2X operation. This segment accounts for nearly 40% of the market and is crucial in enabling adaptive and scalable V2X applications.
Automotive V2X Market, Segmentation by Communication
The Automotive V2X Market has been segmented by Communication into Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle-To-Grid (V2G), and Vehicle-To-Cloud (V2C)
Vehicle-To-Vehicle (V2V)
The V2V communication segment leads the market with over 35% share, facilitating real-time data exchange between vehicles. It enhances collision avoidance, lane change alerts, and cooperative driving features for improved road safety.
Vehicle-To-Infrastructure (V2I)
V2I communication supports interaction with traffic signals, roadside units, and urban infrastructure. Accounting for around 25% of the market, it plays a key role in traffic management and reducing urban congestion.
Vehicle-To-Pedestrian (V2P)
The V2P segment is emerging rapidly, aimed at enhancing pedestrian safety using smartphones or wearable devices to communicate with vehicles. Currently holding close to 10% of the market, it is gaining importance in smart city deployments.
Vehicle-To-Grid (V2G)
V2G systems enable vehicles to interact with the power grid for energy exchange and load balancing. Representing about 15% of the market, this segment is driven by the rise in electric vehicles and grid modernization efforts.
Vehicle-To-Cloud (V2C)
V2C communication allows vehicles to access cloud-based platforms for navigation, software updates, and data analytics. With a 15% share, it supports the broader ecosystem of connected mobility solutions.
Automotive V2X Market, Segmentation by Propulsion
The Automotive V2X Market has been segmented by Propulsion into ICE and EV.
ICE
Internal combustion engine (ICE) vehicles currently contribute to over 55% of the Automotive V2X Market. Integration of V2X modules in traditional vehicles is helping improve traffic safety and enable connected vehicle functionalities across mixed vehicle fleets.
EV
Electric vehicles (EVs) are rapidly adopting V2X technologies, supported by the growing focus on smart mobility and grid connectivity. Representing nearly 45% of the market, EVs leverage V2X for functions like vehicle-to-grid (V2G) communication and energy optimization.
Automotive V2X Market, Segmentation by Connectivity
The Automotive V2X Market has been segmented by Connectivity into Cellular and DSRC.
Cellular
The cellular segment dominates the Automotive V2X Market with over 60% share, leveraging 4G LTE and increasingly 5G networks for high-speed, low-latency communication. It enables broad coverage and seamless cloud connectivity for advanced V2X applications.
DSRC
Dedicated Short-Range Communication (DSRC) accounts for around 40% of the market. Known for its low-latency performance and proven reliability, DSRC is widely used in V2V and V2I systems, especially in established infrastructure setups.
Automotive V2X Market, Segmentation by Technology
The Automotive V2X Market has been segmented by Technology into 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
Automated Driver Assistance
Automated driver assistance holds over 20% of the Automotive V2X Market, enhancing real-time decision-making and collision avoidance. It integrates with sensors and V2X modules to improve overall driver safety.
Intelligent Traffic Systems
This segment contributes about 18% of the market, enabling efficient traffic signal communication, route optimization, and congestion reduction through V2X-enabled infrastructure integration.
Emergency Vehicle Notification
Emergency vehicle notification technology accounts for around 10%, allowing vehicles to receive early alerts about approaching emergency vehicles, enhancing response time and minimizing road hazards.
Passenger Information System
With nearly 8% share, this system offers real-time updates on route, weather, or delays, particularly valuable in public transportation and ride-sharing services integrated with V2X platforms.
Fleet & Asset Management
This segment holds approximately 12% of the market, utilizing V2X for location tracking, vehicle diagnostics, and efficient routing in logistics and commercial fleets.
Parking Management System
Parking management systems, with a 7% share, utilize V2X to identify vacant spots and support smart parking in congested urban environments.
Line Of Sight
Line of sight technologies represent about 6% of the market, ensuring direct communication between vehicles and infrastructure for uninterrupted data flow in open visibility scenarios.
Non-Line Of Sight
Non-line of sight V2X handles data transmission where direct visibility is blocked. This segment, accounting for 10%, is vital in urban and high-rise zones to prevent accidents and enable safe navigation.
Backing
The backing segment, holding close to 9%, uses V2X technology for reverse movement alerts and object detection, improving parking safety and maneuverability in tight spaces.
Automotive V2X Market, Segmentation by Geography
In this report, the Automotive V2X Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Automotive V2X Market Share (%), by Geographical Region
North America
North America leads the Automotive V2X Market with over 35% share, driven by early adoption of connected vehicle technologies and strong investments in smart transportation infrastructure across the U.S. and Canada.
Europe
Europe holds around 25% of the market, supported by stringent vehicular safety regulations and growing deployment of V2X-enabled vehicles in countries like Germany, France, and the U.K.
Asia Pacific
Asia Pacific is witnessing rapid growth and contributes approximately 28% to the market. Factors such as smart city projects, expanding automotive production, and rising EV adoption are fueling V2X integration in this region.
Middle East and Africa
The Middle East and Africa region accounts for about 6%, with increasing investments in intelligent transport systems and urban mobility solutions in countries like UAE and South Africa.
Latin America
Latin America holds a 6% share of the market, where connected mobility initiatives and government-backed infrastructure upgrades are gradually encouraging the adoption of V2X technology.
Automotive V2X Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Automotive V2X Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Safety Regulations and Standards
- Increasing Demand for Connected Vehicles
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Government Initiatives for Intelligent Transportation Systems : Government initiatives play a pivotal role in driving the growth of the global Automotive V2X (Vehicle-to-Everything) market, particularly in the realm of Intelligent Transportation Systems (ITS). Firstly, numerous governments worldwide are actively promoting the deployment of V2X technologies to enhance road safety and reduce traffic congestion.
These initiatives often involve substantial investments in infrastructure development, including the installation of V2X communication equipment along roadways and in vehicles. Additionally, regulatory bodies are formulating standards and guidelines to ensure interoperability and compatibility among V2X systems, fostering a conducive environment for market growth. Governments recognize the potential of V2X technology to revolutionize transportation systems, leading to the development of smart cities and efficient mobility solutions. By leveraging V2X capabilities for vehicle-to-infrastructure (V2I) communication, authorities can optimize traffic flow, manage intersections more effectively, and enable adaptive traffic signal control. Such initiatives not only improve the overall efficiency of transportation networks but also contribute to reducing carbon emissions and fuel consumption, aligning with sustainability objectives.
Government-sponsored pilot projects and demonstrations serve as catalysts for market expansion by showcasing the practical benefits of V2X technologies. These initiatives often involve collaboration between public agencies, automotive manufacturers, and technology providers to test V2X applications in real-world environments. By demonstrating the efficacy of V2X systems in improving safety, efficiency, and convenience, these projects instill confidence among stakeholders and drive broader adoption across various regions.
Restraints
- Infrastructure Limitations
- Concerns Regarding Data Privacy and Security
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Interoperability Challenges : The global automotive Vehicle-to-Everything (V2X) market holds immense potential for revolutionizing road safety, traffic efficiency, and overall driving experience. However, interoperability challenges pose a significant hurdle to its widespread adoption. Firstly, the lack of standardized protocols across different V2X communication technologies inhibits seamless integration between vehicles and infrastructure. This fragmentation not only complicates interoperability but also raises concerns regarding data security and privacy.
Without universally accepted standards, achieving reliable and efficient communication between diverse automotive systems becomes increasingly difficult. The diversity of stakeholders involved in the automotive V2X ecosystem further exacerbates interoperability challenges. Various automotive manufacturers, technology providers, regulatory bodies, and infrastructure operators each have their own preferences, standards, and development timelines. This diversity leads to a fragmented landscape where different entities may prioritize different aspects of V2X technology, hindering efforts to establish common interoperable frameworks. Bridging these differences and fostering collaboration among stakeholders is essential to address interoperability challenges effectively.
The rapid evolution of V2X technologies adds complexity to interoperability efforts. As new communication protocols, sensor technologies, and vehicle-to-infrastructure applications emerge, ensuring backward and forward compatibility becomes increasingly challenging. The dynamic nature of the automotive industry necessitates agile and adaptive approaches to standardization and interoperability testing. Collaborative initiatives and industry consortia play a crucial role in driving consensus on interoperability standards and facilitating interoperability testing and certification processes.
Opportunities
- Advancements in 5G Technology
- Integration of V2X with Autonomous Vehicles
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Potential for Enhanced Traffic Management : The global Automotive V2X (Vehicle-to-Everything) market holds immense potential for revolutionizing traffic management systems worldwide. V2X technology enables vehicles to communicate with each other, infrastructure, pedestrians, and other road users, paving the way for enhanced traffic management solutions. One key aspect contributing to this potential is the ability of V2X systems to provide real-time traffic information, including traffic density, road conditions, and potential hazards.
By leveraging this data, authorities can optimize traffic flow, reduce congestion, and improve overall road safety. The integration of V2X technology with existing traffic management infrastructure opens doors to more efficient transportation networks. With V2X-enabled traffic signals, for instance, vehicles can receive information about signal timings, allowing for smoother navigation and reduced stop-and-go traffic. Additionally, V2X can facilitate dynamic rerouting, guiding drivers away from congested routes and distributing traffic more evenly across road networks. These capabilities not only enhance the commuting experience but also contribute to reducing emissions and fuel consumption by minimizing idle time and unnecessary detours. As cities continue to grow and urbanization intensifies, the demand for innovative traffic management solutions becomes increasingly urgent.
V2X technology offers scalability and adaptability to meet the evolving needs of urban environments. By incorporating V2X into smart city initiatives, governments and transportation authorities can create interconnected ecosystems where vehicles, infrastructure, and pedestrians collaborate to optimize traffic flow, mitigate congestion, and improve overall mobility. The potential for enhanced traffic management through Automotive V2X is vast, promising a future where transportation systems are safer, more efficient, and more sustainable.
Automotive V2X Market Competitive Landscape Analysis
Key players in Automotive V2X Market include :
- Qualcomm Technologies, Inc.
- Continental AG
- Robert Bosch GmbH
- Autotalks LTD.
- Delphi Technologies
- NXP Semiconductors
- Infineon Technologies AG
- Denso Corporation
- Stmicroelectronics
- Harman International
- Cohda Wireless
- Savari.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Unit Type
- Market Snapshot, By Offering
- Market Snapshot, By Communication
- Market Snapshot, By Propulsion
- Market Snapshot, By Connectivity
- Market Snapshot, By Technology
- Market Snapshot, By Region
- Automotive V2X Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Safety Regulations and Standards
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Increasing Demand for Connected Vehicles
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Government Initiatives for Intelligent Transportation Systems
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- Restraints
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Infrastructure Limitations
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Concerns Regarding Data Privacy and Security
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Interoperability Challenges
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- Opportunities
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Advancements in 5G Technology
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Integration of V2X with Autonomous Vehicles
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Potential for Enhanced Traffic Management
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Automotive V2X Market, ByVehicle Type, 2021 - 2031 (USD Million)
- Passenger car
- Commercial vehicle
- Automotive V2X Market, By Unit Type, 2021 - 2031 (USD Million)
- On-Board Unit
- Roadside Unit
- Automotive V2X Market, By Offering, 2021 - 2031 (USD Million)
- Hardware
- Software
- Automotive V2X Market, By Communication, 2021 - 2031 (USD Million)
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Pedestrian (V2P)
- Vehicle-to-Grid (V2G)
- Vehicle-to-Cloud (V2C)
- Automotive V2X Market, By Propulsion, 2021 - 2031 (USD Million)
- ICE
- EV
- Automotive V2X Market, By Connectivity, 2021 - 2031 (USD Million)
- Cellular
- DSRC
- Automotive V2X Market, By Technology, 2021 - 2031 (USD Million)
- 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
- Backing
- Automotive V2X Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Automotive V2X Market, ByVehicle Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Qualcomm Technologies, Inc.
- Continental AG
- Robert Bosch GmbH
- Autotalks LTD.
- Delphi Technologies
- NXP Semiconductors
- Infineon Technologies AG
- Denso Corporation
- Stmicroelectronics
- Harman International
- Cohda Wireless
- Savari, Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market