C-V2X Module Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 5.3 Billion by 2030, growing at a CAGR of 17.4% from 2024 to 2030.
During the 2018 to 2022 period, the market saw steady growth with prominent players in the automotive and telecommunications industries investing heavily in the development of C-V2X solutions. The major drivers for this growth included the growing demand for safety features, government initiatives, and the increasing need for traffic management systems. Additionally, the deployment of 5G networks played a crucial role in enhancing the capabilities of C-V2X modules, enabling faster communication speeds and lower latency. As a result, the market became increasingly attractive to both established and new players in the technology and automotive sectors.
However, as we look ahead to the period from 2023 to 2033, the demand for C-V2X modules is expected to accelerate. This will be driven by further advancements in autonomous driving technology, which will require seamless vehicle-to-vehicle and vehicle-to-infrastructure communication for safe and efficient operations. The rapid expansion of 5G networks and the evolution of 6G technology will likely provide the necessary infrastructure to support the growing demand for real-time data exchange. Furthermore, the continued push for smart cities and the integration of IoT technologies into urban planning will play a critical role in the widespread adoption of C-V2X modules.
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The C-V2X (Cellular Vehicle-to-Everything) module market has witnessed significant growth between 2018 and 2022, driven by advances in cellular communication technologies and the increased adoption of connected vehicles. As the automotive industry shifts toward autonomous driving and smarter traffic systems, C-V2X technology has emerged as a key enabler of communication between vehicles, infrastructure, and pedestrians. This shift has led to an increased demand for C-V2X modules in the market. In 2018, the demand was relatively moderate, but by 2022, the market had expanded significantly, propelled by the growth of 5G technology and smart city infrastructure initiatives.
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, 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 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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