Vehicle-to-Device (V2D) Communication Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 5.8 Billion by 2033, exhibiting a CAGR of 16.5% from 2026 to 2033.
The Vehicle-to-Device (V2D) Communication Market was valued at USD 3.6 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 35.2% from 2023 to 2030. This robust growth can be attributed to the increasing adoption of connected technologies in automotive sectors and the demand for advanced safety and convenience features in vehicles. The market's expansion is further driven by the proliferation of smart devices and the growing emphasis on integrating vehicles with IoT (Internet of Things) technologies to enhance the overall driving experience. The rise of autonomous driving systems, along with advancements in real-time communication and data-sharing protocols, also plays a significant role in propelling the market forward. The integration of V2D communication systems with smart infrastructure and the push toward smart cities will continue to contribute to the overall market growth.
Regionally, North America dominates the Vehicle-to-Device Communication Market, accounting for the largest share in 2022. The region's advanced automotive industry, high-tech infrastructure, and regulatory support for connected vehicle technologies have fueled market growth. The European market follows closely, driven by strong automotive manufacturing capabilities and the push for green and autonomous vehicle technologies. The Asia-Pacific region, particularly China and Japan, is expected to experience the highest growth rate over the forecast period, owing to the rapid adoption of smart devices and the increasing number of electric and autonomous vehicles in the region. Latin America and the Middle East & Africa are anticipated to witness steady growth due to rising infrastructure investments and the gradual adoption of V2D communication systems in these regions.
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Tesla
Alphabet
Amazon
Cohda Wireless
Aptiv
Baidu
Intel
Mobileye
Bosch
Cisco
Continental AG
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. 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 Global Vehicle-to-Device (V2D) Communication Market
Dedicated Short-Range Communication (DSRC)
Cellular Vehicle-to-Everything (C-V2X)
Wi-Fi and Bluetooth Technologies
Hybrid Communication Systems
Traffic Management Systems
In-Vehicle Infotainment Systems
Emergency Services and Safety Protocols
Navigation and Route Optimization
Passenger Cars
Commercial Vehicles
Public Transport Vehicles
Two-wheelers
Smartphones and Tablets
Wearable Devices
Smart Home Devices
Industrial Equipment
Individual Consumers
Fleet Operators
Public Transportation Authorities
Logistics and Delivery Services
US (United States, US 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 Global Vehicle-to-Device (V2D) Communication 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. Global Vehicle-to-Device (V2D) Communication Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vehicle-to-Device (V2D) Communication Market, By Type
6. Global Vehicle-to-Device (V2D) Communication Market, By Application
7. Global Vehicle-to-Device (V2D) Communication Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vehicle-to-Device (V2D) Communication Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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