Automotive V2X Communication Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 19.4 Billion by 2030, growing at a CAGR of 25.1% from 2024 to 2030.
Between 2018 and 2022, the automotive V2X communication market expanded significantly, largely due to innovations in connectivity technologies, including 5G, DSRC (Dedicated Short Range Communications), and C-V2X (Cellular Vehicle-to-Everything). The integration of these technologies allowed for real-time vehicle data exchange, which in turn improved road safety, reduced traffic congestion, and enhanced overall driving experiences. During this period, the market was also bolstered by increased investments in smart infrastructure and the widespread adoption of electric vehicles (EVs), all contributing factors that paved the way for the future of connected transport solutions.
Looking ahead, the demand for automotive V2X communication from 2023 to 2033 is expected to rise even more, as the world embraces next-gen automotive technologies, including autonomous driving, AI-powered traffic management systems, and enhanced vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication. Moreover, as governments worldwide focus on reducing carbon emissions and improving road safety, the automotive V2X communication market is projected to grow rapidly over the next decade. Projections indicate a compound annual growth rate (CAGR) of over 25% through 2033, with V2X technologies becoming critical for the realization of smart cities and autonomous vehicle fleets.
The growing reliance on connected ecosystems and autonomous vehicles is expected to make V2X communication an essential component of future mobility systems. As more OEMs (Original Equipment Manufacturers) and Tier 1 suppliers invest in V2X technology, the implementation of V2X communication infrastructure will expand, offering unparalleled opportunities for innovation and scalability. By 2033, the V2X market is set to witness widespread global adoption, with expected improvements in road safety, traffic management, and vehicle efficiency.
Get an In-Depth Research Analysis of the Global Automotive V2X Communication Market Size And Forecast [2025-2032]
The automotive V2X (Vehicle-to-Everything) communication market has witnessed substantial growth from 2018 to 2022, driven by rapid technological advancements, increasing demand for connected vehicles, and government initiatives promoting safety standards. This market has been at the forefront of the next-generation transportation ecosystem, enabling vehicles to communicate with each other and surrounding infrastructure, such as traffic signals, pedestrians, and even cloud systems. As the automotive industry continues to evolve towards smarter, safer, and more efficient mobility, V2X communication plays a pivotal role in shaping the future of transportation.
Autotalks
Continental
Delphi
NXP Semiconductors
Savari
Qualcomm Technologies
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 Automotive V2X Communication Market
ICE
EV
Based on Types the Market is categorized into Below types that held the largest Automotive V2X Communication market share In 2023.
V2V
V2I
V2R
Others
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 Automotive V2X 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 Automotive V2X Communication Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive V2X Communication Market, By Type
6. Global Automotive V2X Communication Market, By Application
7. Global Automotive V2X Communication Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive V2X Communication Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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