Global Automotive Vehicle-to-Everything (V2X) Market Size Study, by Device (Roadside Unit, Onboard Unit), by Communication (Vehicle-to-Vehicle, Vehicle-to-Infrastructure), by Connectivity, by Vehicle, and Regional Forecasts 2022-2032
The Global Automotive Vehicle-to-Everything (V2X) Market was valued at approximately USD 0.3 billion in 2023 and is poised to expand at a remarkable CAGR of 51.9% over the forecast period from 2024 to 2032. Vehicle-to-Everything (V2X) technology is revolutionizing the automotive sector by facilitating seamless communication between vehicles, infrastructure, and other connected devices. This innovation significantly enhances traffic efficiency, road safety, and autonomous driving capabilities. As the world moves toward intelligent transportation systems, V2X technology is emerging as a critical enabler of next-generation mobility solutions.
The rapid expansion of the V2X market is largely attributed to the growing push for autonomous driving, smart transportation systems, and advanced driver-assistance systems (ADAS). Governments worldwide are implementing stringent road safety regulations and promoting connected vehicle ecosystems, accelerating the adoption of V2X technologies. Additionally, advancements in 5G connectivity, AI-driven vehicle communication networks, and edge computing solutions are fueling market growth. For instance, countries like the United States, Germany, and China are investing significantly in intelligent transportation infrastructure, supporting widespread V2X deployment. However, cybersecurity concerns, high implementation costs, and interoperability challenges among various V2X communication standards may pose hurdles to market expansion.
Regionally, North America dominates the market, driven by high investments in autonomous and connected vehicle technologies, stringent government mandates, and the presence of key industry players. The European market follows closely, benefiting from government-backed initiatives such as Europe’s Cooperative Intelligent Transport Systems (C-ITS) strategy. Meanwhile, the Asia-Pacific (APAC) region is projected to witness the fastest growth, fueled by rapid urbanization, increasing adoption of electric vehicles (EVs), and government initiatives supporting smart city development. Countries like China, Japan, and South Korea are leading the charge in V2X integration, with major automakers and tech firms collaborating to enhance vehicular communication systems.
Major Market Players Included in This Report:
By Device:
North America:
The rapid expansion of the V2X market is largely attributed to the growing push for autonomous driving, smart transportation systems, and advanced driver-assistance systems (ADAS). Governments worldwide are implementing stringent road safety regulations and promoting connected vehicle ecosystems, accelerating the adoption of V2X technologies. Additionally, advancements in 5G connectivity, AI-driven vehicle communication networks, and edge computing solutions are fueling market growth. For instance, countries like the United States, Germany, and China are investing significantly in intelligent transportation infrastructure, supporting widespread V2X deployment. However, cybersecurity concerns, high implementation costs, and interoperability challenges among various V2X communication standards may pose hurdles to market expansion.
Regionally, North America dominates the market, driven by high investments in autonomous and connected vehicle technologies, stringent government mandates, and the presence of key industry players. The European market follows closely, benefiting from government-backed initiatives such as Europe’s Cooperative Intelligent Transport Systems (C-ITS) strategy. Meanwhile, the Asia-Pacific (APAC) region is projected to witness the fastest growth, fueled by rapid urbanization, increasing adoption of electric vehicles (EVs), and government initiatives supporting smart city development. Countries like China, Japan, and South Korea are leading the charge in V2X integration, with major automakers and tech firms collaborating to enhance vehicular communication systems.
Major Market Players Included in This Report:
- Qualcomm Technologies, Inc.
- Autotalks Ltd.
- Continental AG
- NXP Semiconductors
- Denso Corporation
- Huawei Technologies Co., Ltd.
- Robert Bosch GmbH
- Tesla, Inc.
- General Motors Company
- Ford Motor Company
- Toyota Motor Corporation
- ZTE Corporation
- Savari Inc.
- Infineon Technologies AG
- Hyundai Motor Company
By Device:
- Roadside Unit
- Onboard Unit
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Infrastructure (V2I)
- Cellular V2X (C-V2X)
- Dedicated Short-Range Communication (DSRC)
- Passenger Vehicles
- Commercial Vehicles
North America:
- U.S.
- Canada
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- Saudi Arabia
- South Africa
- Rest of MEA
- Historical Year: 2022
- Base Year: 2023
- Forecast Period: 2024-2032
- Market estimates and forecasts for 10 years (2022-2032).
- Annualized revenue and regional analysis for each market segment.
- Detailed geographical insights, including country-level market evaluations.
- Competitive landscape featuring major players and their market strategies.
- In-depth analysis of market drivers, challenges, and opportunities.
- Demand-side and supply-side assessments for precise market intelligence.
CHAPTER 1. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET EXECUTIVE SUMMARY
1.1. Global Automotive Vehicle-to-Everything (V2X) Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Device
1.3.2. By Communication
1.3.3. By Connectivity
1.3.4. By Vehicle
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
CHAPTER 2. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET DEFINITION AND RESEARCH ASSUMPTIONS
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
CHAPTER 3. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET DYNAMICS
3.1. Market Drivers
3.1.1. Autonomous Driving & ADAS Integration
3.1.2. Technological Advancements in 5G and IoT
3.1.3. Government Regulations and Smart Infrastructure Initiatives
3.2. Market Challenges
3.2.1. Cybersecurity Concerns and Data Privacy
3.2.2. High Implementation Costs & Interoperability Issues
3.3. Market Opportunities
3.3.1. Expansion of Intelligent Transportation Systems
3.3.2. Investment in R&D and Infrastructure Development
3.3.3. Integration of Electric and Autonomous Vehicles
CHAPTER 4. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET SIZE & FORECASTS BY DEVICE 2022-2032
5.1. Segment Dashboard
5.2. Global Automotive V2X Market: Device Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Roadside Unit
5.2.2. Onboard Unit
CHAPTER 6. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET SIZE & FORECASTS BY COMMUNICATION 2022-2032
6.1. Segment Dashboard
6.2. Global Automotive V2X Market: Communication Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Vehicle-to-Vehicle (V2V)
6.2.2. Vehicle-to-Infrastructure (V2I)
CHAPTER 7. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET SIZE & FORECASTS BY CONNECTIVITY AND VEHICLE 2022-2032
7.1. Segment Dashboard
7.2. Global Automotive V2X Market: Connectivity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Cellular V2X (C-V2X)
7.2.2. Dedicated Short-Range Communication (DSRC)
7.3. Global Automotive V2X Market: Vehicle Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.3.1. Passenger Vehicles
7.3.2. Commercial Vehicles
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Qualcomm Technologies, Inc.
8.1.2. Continental AG
8.1.3. Robert Bosch GmbH
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Qualcomm Technologies, Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Autotalks Ltd.
8.3.3. NXP Semiconductors
8.3.4. Denso Corporation
8.3.5. Huawei Technologies Co., Ltd.
8.3.6. Tesla, Inc.
8.3.7. General Motors Company
8.3.8. Ford Motor Company
8.3.9. Toyota Motor Corporation
8.3.10. Hyundai Motor Company
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
1.1. Global Automotive Vehicle-to-Everything (V2X) Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Device
1.3.2. By Communication
1.3.3. By Connectivity
1.3.4. By Vehicle
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
CHAPTER 2. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET DEFINITION AND RESEARCH ASSUMPTIONS
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
CHAPTER 3. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET DYNAMICS
3.1. Market Drivers
3.1.1. Autonomous Driving & ADAS Integration
3.1.2. Technological Advancements in 5G and IoT
3.1.3. Government Regulations and Smart Infrastructure Initiatives
3.2. Market Challenges
3.2.1. Cybersecurity Concerns and Data Privacy
3.2.2. High Implementation Costs & Interoperability Issues
3.3. Market Opportunities
3.3.1. Expansion of Intelligent Transportation Systems
3.3.2. Investment in R&D and Infrastructure Development
3.3.3. Integration of Electric and Autonomous Vehicles
CHAPTER 4. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET SIZE & FORECASTS BY DEVICE 2022-2032
5.1. Segment Dashboard
5.2. Global Automotive V2X Market: Device Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Roadside Unit
5.2.2. Onboard Unit
CHAPTER 6. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET SIZE & FORECASTS BY COMMUNICATION 2022-2032
6.1. Segment Dashboard
6.2. Global Automotive V2X Market: Communication Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Vehicle-to-Vehicle (V2V)
6.2.2. Vehicle-to-Infrastructure (V2I)
CHAPTER 7. GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET SIZE & FORECASTS BY CONNECTIVITY AND VEHICLE 2022-2032
7.1. Segment Dashboard
7.2. Global Automotive V2X Market: Connectivity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Cellular V2X (C-V2X)
7.2.2. Dedicated Short-Range Communication (DSRC)
7.3. Global Automotive V2X Market: Vehicle Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.3.1. Passenger Vehicles
7.3.2. Commercial Vehicles
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Qualcomm Technologies, Inc.
8.1.2. Continental AG
8.1.3. Robert Bosch GmbH
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Qualcomm Technologies, Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. Autotalks Ltd.
8.3.3. NXP Semiconductors
8.3.4. Denso Corporation
8.3.5. Huawei Technologies Co., Ltd.
8.3.6. Tesla, Inc.
8.3.7. General Motors Company
8.3.8. Ford Motor Company
8.3.9. Toyota Motor Corporation
8.3.10. Hyundai Motor Company
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
