Global 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 C-V2X (Cellular Vehicle-to-Everything) Module Market is evolving at a rapid pace, driven by the growing demand for connected vehicles and the push toward smarter transportation systems. These modules, which enable direct communication between vehicles, infrastructure, and even pedestrians, are considered a cornerstone for the development of intelligent transportation networks (ITS). As more automotive manufacturers integrate C-V2X technology into their vehicles, the market is expected to experience significant growth in the coming years.
In 2023, the global C-V2X Module Market was valued at approximately USD 1.5 billion and is projected to reach USD 6 billion by 2030, growing at a CAGR of 22%. This growth can be attributed to the increasing adoption of autonomous vehicles, smart city infrastructure, and the development of 5G networks, which provide the necessary bandwidth for C-V2X applications. Key players in the market include Qualcomm, Ericsson, Intel, and Huawei, who are investing heavily in the development of advanced C-V2X solutions that promise to enhance road safety, reduce traffic congestion, and optimize vehicle performance.
The C-V2X technology operates through two main modes: direct communication (V2V, V2I) and network-based communication (V2N, V2P). These modes enable vehicles to exchange information in real time, allowing for improved decision-making and situational awareness. For instance, V2V communication can alert a driver about an impending collision, while V2I communication can optimize traffic signals to reduce waiting times.
The North American and European regions are the largest markets for C-V2X modules, owing to the early adoption of connected vehicle technologies and the push toward smarter transportation infrastructure. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate, driven by the increasing demand for connected vehicles in countries like China and Global.
The integration of C-V2X modules into vehicles is not without challenges. Issues such as standardization, cybersecurity concerns, and the high cost of implementation remain significant barriers. However, the long-term benefits of reduced accidents, smoother traffic flow, and energy savings are expected to outweigh these challenges, driving widespread adoption.
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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 Global 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
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 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. Global C-V2X Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global C-V2X Module Market, By Type
6. Global C-V2X Module Market, By Application
7. Global C-V2X Module Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global C-V2X Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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