North America C-V2X Module Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 18.5% from 2024 to 2030.
The North American automotive industry is undergoing a significant transformation with the integration of Cellular Vehicle-to-Everything (C-V2X) technology. This advancement enables vehicles to communicate seamlessly with each other, infrastructure, pedestrians, and cyclists, thereby enhancing road safety and paving the way for autonomous driving. In 2023, the North America C-V2X market was valued at approximately USD 1.21 billion, with projections estimating it to reach USD 39.54 billion by 2033, reflecting a compound annual growth rate (CAGR) of 41.81% during this period. citeturn0search0 This rapid growth underscores the escalating demand for C-V2X modules across various sectors. **Key Applications of C-V2X Modules:** - **Safety Enhancements:** C-V2X technology facilitates critical safety applications such as forward collision warnings, lane change warnings, and emergency vehicle alerts. These features are vital in reducing traffic accidents and fatalities. citeturn0search8 - **Traffic Management:** By enabling vehicles to communicate with traffic signals and infrastructure, C-V2X supports intelligent traffic systems that optimize traffic flow, reduce congestion, and improve overall transportation efficiency. - **Autonomous Driving:** C-V2X serves as a foundational component for autonomous vehicles, providing the necessary communication framework for vehicles to navigate complex environments safely. **Industry Requirements and Adoption:** The automotive industry in North America is actively adopting C-V2X technology to meet stringent safety standards and consumer expectations for advanced driver-assistance systems (ADAS). Major automotive manufacturers, including Ford, General Motors, and Toyota, are investing heavily in C-V2X integration to enhance vehicle safety features and support the development of autonomous driving capabilities. citeturn0search4 Additionally, the Federal Communications Commission (FCC) has finalized new rules to advance C-V2X communications technology, promoting the efficient use of 30 megahertz of spectrum in the 5.9GHz band for Intelligent Transportation Systems (ITS). This regulatory support is crucial for the widespread deployment of C-V2X technology across the region. citeturn0news6 In summary, the North American C-V2X module market is poised for substantial growth, driven by the automotive industry's commitment to safety, efficiency, and innovation. The integration of C-V2X technology is set to revolutionize transportation, offering enhanced safety features, improved traffic management, and a solid foundation for autonomous driving.
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SIMCom Wireless
Gosuncn
Neoway
GoHigh Group
Quectel
Qualcomm
Fibocom
LG Innotek
Autotalks
Alps Alpine
Sichuan AI-Link
Huawei
ZTE
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America C-V2X Module Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest C-V2X Module market share In 2023.
5G
4G
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America C-V2X Module Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America C-V2X Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America C-V2X Module Market, By Type
6. North America C-V2X Module Market, By Application
7. North America C-V2X Module Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America C-V2X Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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