Automotive V2X Market by Technology (Cellular Vehicle-to-Everything (C-V2X), Dedicated Short Range Communication (DSRC), Evaluation Of Emerging Technologies), Component (Hardware, Services, Software), Communication Type, End-User, Application, Vehicle Type - Global Forecast 2025-2030

The Automotive V2X Market size was estimated at USD 4.90 billion in 2023 and expected to reach USD 6.53 billion in 2024, at a CAGR 33.70% to reach USD 37.48 billion by 2030.

Vehicle-to-Everything (V2X) technology is an automotive communication system where vehicles communicate with various entities like other vehicles (V2V), infrastructure (V2I), networks (V2N), and pedestrians (V2P) to enhance road safety, traffic efficiency, and energy conservation. The necessity of V2X is driven by escalating road safety concerns, congestion pressures, stringent emissions regulations, and the evolution of autonomous driving systems. With application areas spanning crash prevention, real-time alerts, navigation optimization, and infotainment enhancement, V2X serves automotive manufacturers, smart city projects, and urban planning initiatives. Key growth factors are surging vehicular autonomy, governmental support for smart transport infrastructure, and IoT advancements. The market is witnessing significant opportunities in integrating V2X with 5G technology for real-time seamless communications and the deployment of advanced driver-assistance systems (ADAS). However, challenges loom in the form of cybersecurity threats, high installation costs, and a lack of standardized protocols across different regions hindering interoperability. Innovating around cybersecurity measures, such as blockchain for secure data exchange, and research in adaptive machine learning systems for predictive analytics in traffic management could propel market dynamics. Additionally, fostering partnerships between automakers and tech companies can accelerate technological adoption and overcome existing limitations. The V2X market exhibits a competitive nature characterized by rapid technological advancements and a high emphasis on research and development. Sustainable growth will rely on bolstering public-private partnerships and fostering international collaboration on standardization, which could address regional challenges. As the market matures, continuous innovation, regulatory alignment, and a focus on cost reduction will be pivotal in unlocking its full potential. The traction toward smarter cities and electric vehicles also presents fertile ground for the expansion of V2X technologies, potentially redefining urban mobility landscapes.

The market dynamics represent an ever-changing landscape of the Automotive V2X Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Unveiling the dynamic catalysts propelling the rise of V2X technologies in the automotive industry
  • Identifying the fundamental drivers encouraging widespread implementation of V2X technology in vehicles
  • Diverse factors explaining the development and global push towards implementing V2X in modern vehicles
• Market Restraints
  • Identifying key challenges that hinder the growth and adoption of automotive V2X technology across global markets
  • Exploring technical limitations and infrastructure deficits in the deployment of integrated V2X systems
  • Understanding regulatory and standardization barriers that impede widespread V2X implementation
• Market Opportunities
  • V2X's role in improving vehicular safety systems offering potential for insurance industry partnerships
  • Advancing V2X infrastructure to facilitate seamless integration with public transportation networks
  • Exploring advanced V2X technology to enhance traffic management systems in urban environments
• Market Challenges
  • Addressing the competition from alternative technologies like autonomous driving and ADAS solutions
  • Exploring the numerous challenges faced in the implementation and adoption of automotive V2X
  • Recognizing the challenges in ensuring interoperability between diverse automotive and infrastructure systems

• Communication Type: Rising usage of vehicle-to-vehicle communication for road safety

  Vehicle-to-cloud communication enables vehicles to communicate with applications running in cloud computing environments to improve situational awareness and increase road efficiency and safety. The vehicle-to-cloud (V2C) type allows vehicles to access real-time data from external sources such as traffic, weather, and other information. Vehicle-to-device (V2D) is usually implemented via Bluetooth protocol with smart devices to exchange information, providing enhanced support services such as navigation assistance, remote diagnostics, and over-the-air updates. Vehicle-to-grid (V2G) is preferably utilized in battery-operated vehicles to balance electric grids during peak loads and reduce energy costs by allowing vehicles to return electricity to the grid when necessary. Vehicle-to-infrastructure (V2I) is part of intelligent transportation systems (ITS), offering a bidirectional exchange of information between the vehicle and the road infrastructure. Vehicle-to-infrastructure communication type captures information from data broadcasted from the ITS (weather conditions, accidents, and speed limits) and sensors installed in the road infrastructure (cameras, traffic lights, lane markers, streetlights, road signs, and parking meters). 360-degree cameras, LiDAR technology to facilitate collision warnings, and blind spot warnings are provided to detect pedestrians through vehicle-to-pedestrian (V2P) communication systems. Vehicle-to-vehicle (V2V) communication exchanges data between vehicles to increase drivers’ situational awareness and overall road safety by providing real-time updates about any nearby obstacles & dangers.

• Connectivity: Increasing adoption of cellular-V2X communication to exchange messages between vehicles

  Cellular V2X communication uses 3GPP standardized 4G LTE or 5G mobile cellular connectivity to exchange messages between vehicles, pedestrians, and wayside traffic control devices such as traffic signals. It utilizes the existing cellular infrastructure to provide a wide range of communication capabilities for vehicles, including vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N) communications. ​​Dedicated short-range communications is a technology for directly exchanging vehicle-to-everything data and other intelligent transportation systems between vehicles, other road users, and roadside infrastructure.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive V2X Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Automotive V2X Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive V2X Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive V2X Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Panasonic Launches Cirrus 2.0, Advanced V2X Platform to Boost Road Safety and Mobility for State DOTs and Fleet Operators

  Panasonic Corp. introduced Cirrus 2.0, an enhanced version of its Cirrus by Panasonic platform for managing vehicle-to-everything (V2X) ecosystems. This updated platform provides an industry-leading cloud toolkit designed for state Departments of Transportation (DOTs) and commercial fleet operators, aiming to improve roadway mobility and enhance safety through V2X technologies. Currently, select U.S. state DOTs and fleet operators use Cirrus by Panasonic to manage V2X operations across hundreds of infrastructure devices, supporting essential vehicles such as snowplows, emergency response vehicles, transit buses, and maintenance fleets. [Published On: April 23, 2024]

• Autotalks and Rohde & Schwarz Collaborate to Enhance Road Safety with Advanced 5G-V2X Test Setup

  Autotalks, a global company in Vehicle-to-Everything (V2X) communication solutions, has collaborated with Rohde & Schwarz to verify the performance of their third-generation V2X chipsets, TEKTON3 and SECTON3. Utilizing the advanced 5G-V2X capabilities of the R&S CMP180 radio communication tester, the companies are planning to jointly present a 5G-V2X test setup. This collaboration is crucial for ensuring the correct operation of 5G-V2X technology, which enhances vehicle communications for improved road safety and efficiency, pivotal for the advancement of autonomous driving. The R&S CMP180 platform supports both cellular and non-cellular wireless technologies, now including 5G-V2X, allowing comprehensive testing of Autotalks' full range of V2X technologies using a single instrument. [Published On: February 26, 2024]

• Danlaw Acquires Cohda Wireless to Boost Global V2X Innovation and Improve Urban and Mining Safety

  Danlaw, Inc., an innovator in Vehicle-to-Everything (V2X) technology, has announced its acquisition of Cohda Wireless, as a significant step forward in Danlaw's global expansion strategy, focused on enhancing connected vehicle safety and developing smart city solutions. By combining the expertise and resources of both companies, this strategic move aims to accelerate the creation and deployment of comprehensive V2X solutions, benefiting vehicles, urban environments, and even underground mining operations. [Published On: January 08, 2024]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive V2X Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Automotive V2X Market, highlighting leading vendors and their innovative profiles. These include Capgemini SE, Cohda Wireless Pty Ltd., Continental AG, Denso Corporation, Fermata Energy LLC, Ford Motor Company, Gateworks Corporation, General Motors, Huawei Technologies Co., Ltd., Hyundai Motor Company, Infineon Technologies AG, Intel Corporation, International Business Machines Corporation, Kapsch TrafficCom AG, Lear Corporation, LG Electronics Inc., Microsec Ltd., Nokia Corporation, NTT Docomo, Inc., NXP Semiconductors N.V., Panasonic Holdings Corporation, Qualcomm Incorporated, Quectel Wireless Solutions Co., Ltd., Robert Bosch GmbH, Rohde & Schwarz GmbH & Co. KG, Samsung Electronics Co., Ltd., Siemens AG, STMicroelectronics N.V., TDK Corporation, Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated, Thales Group, Toyota Motor Corporation, u-blox AG, Valeo S.A., Vector Informatik GmbH, Visteon Corporation, and Volkswagen AG.

This research report categorizes the Automotive V2X Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Technology
  • Cellular Vehicle-to-Everything (C-V2X)
  • Dedicated Short Range Communication (DSRC)
  • Evaluation Of Emerging Technologies
  • Vehicle-to-Grid (V2G)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Network (V2N)
  • Vehicle-to-Pedestrian (V2P)
  • Vehicle-to-Vehicle (V2V)
• Component
  • Hardware
    • Antenna
    • Controllers
    • Interfaces
    • Sensors
  • Services
    • Consulting Services
    • Installation Services
    • Support & Maintenance Services
  • Software
    • Communication Suite
    • Cybersecurity
    • Data Management
    • Network Management
• Communication Type
  • Broadcast
  • Multicast
  • Unicast
• End-User
  • Automobile Manufacturers
  • Logistics & Fleet Management Companies
  • Public Safety Organizations
  • Transportation Departments
• Application
  • Infotainment And Location-Based Features
    • Enhanced Route Planning
    • Local Content
    • Proximity Alerts
  • Payment
    • Electronic Toll Collection
    • Parking Management
  • Remote Monitoring And Diagnostics
    • Predictive Maintenance
    • Real-Time Vehicle Monitoring
  • Safety
    • Collision Avoidance System
    • Emergency Vehicle Notification
    • Intersection Coordination
  • Traffic Management
    • Green Light Optimal Speed Advisory
    • Signal Optimization
    • Traffic Jam Warning
• Vehicle Type
  • Commercial Vehicles
    • Heavy Commercial Vehicles
      • Buses
      • Trucks
    • Light Commercial Vehicles
  • Passenger Vehicles
    • Hatchbacks
    • Sedans
    • SUVs

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?