Automotive Vehicle-to-Everything (V2X) Market

Global Automotive Vehicle-to-Everything (V2X) Market Size

The global automotive vehicle-to-everything (v2x) market was valued at USD 8.19 billion in 2024 and is anticipated to reach USD 11.45 billion in 2025 from USD 167.05 billion by 2033, growing at a CAGR of 39.80% during the forecast period 2025 to 2033.

MARKET OVERVIEW

It doesn't need to bother with any interchanges or frameworks for vehicles to cooperate, which is the primary component of ensuring security in remote or less developed territories. It is fundamentally very much coordinated for V2X correspondence in light of its lower dormancy and the capacity to communicate momentarily.

The vehicle business is experiencing a progression of change, with the industry moving towards digitalization and associated versatility. There has been a critical ascent in the use of hardware in vehicles. The vehicles today have moved from ordinary vehicles to insightful vehicles and are furnished with communication systems that alert or help the driver from a potential accident. Besides, the rising purchaser interest in accommodation highlights has led to different OEMs consolidating V2X communication frameworks. The usage of the V2X communication won't just increase the security aspect, but will also provide an improved driving experience.

MARKET DRIVERS

The expansion in the global automobile vehicle-to-everything (V2X) market is driven by expanding requirements for more secure streets, lower fuel wastage, and fewer traffic clogs. Besides, expanding security worries with energy saving are fueling the worldwide vehicle-to-everything business. Macroeconomic factors, for example, developing economies, rising extra cash, and rapid pace of urbanization, as well as industrialization, are likewise driving the global automobile vehicle-to-everything industry. Joining the significant value chain, expanding automation, and technological progression are a portion of the elements trending in the global vehicle-to-everything market over the forecast period.

MARKET RESTRAINTS

The main challenge for the automotive V2X market to grow significantly is the need for a robust legal framework. Another important challenge is to build a secure system that ensures privacy, authenticity, and security for all types of V2X communication.

REPORT COVERAGE

SEGMENT ANALYSIS

By Offering Insights

Among these, the software is expected to grow at a moderately high CAGR over the conjecture time frame.

By Communication Analysis Insights

Among these, the vehicle-to-vehicle portion represents a generally high-income share in the worldwide vehicle-to-everything (V2X) market, followed by the vehicle-to-network section over the foreseeable time. The V2V communication fragment is expected to have the most significant portion of the global automobile V2X market. V2V improves vehicle security through features such as forward collision warning (FCW) and lane change warning (LCW). The developing security worries among people in general and the government's contribution to expanding car crashes a significant driving variables for the development of the automobile V2V market.

By Connectivity Insights

Among these, DSRC is expected to have a huge development rate over the estimated time frame. The progressions in 5G innovations would empower the use of 5 G-V2X, which is expected to offer better performance as far of cybersecurity and taking care of countless messages in blocked traffic conditions. Another factor that would drive the cellular portion is the expense related to equipment parts. The DSRC fragment, to perform V2P communication, requires extra hardware segments, which makes it costly compared with C-V2X.

By Technology Insights

Among these, the automated driver assistance section is developing at a moderately high CAGR in the global automobile vehicle-to-everything market.

By Vehicle Insights

Of these, the passenger section is developing at a generous rate in the worldwide vehicle-to-everything (V2X) market, with the commercial segment expected to represent a moderately high-income share over the estimated period.

REGIONAL ANALYSIS

North America is expected to rule the global vehicle-to-everything (V2X) market as far of value, credited to the popularity of eco-friendly vehicles in the region. Europe is expected to have the most significant portion of the global automotive V2X market during the foreseen period. The improved framework facility in Europe permits a simple arrangement of V2X. The presence of top players in the Robert Bosch GmbH, Continental AG, and Delphi Technologies, alongside huge scope appropriation of V2X-equipped vehicles, is relied upon to significantly affect the European automobile V2X market. The Middle East, Latin America, and Africa are anticipated to have similar possibilities for automotive vehicle-to-everything key market players, attributed to expanding economy and industrialization.

KEY MARKET PLAYERS

Continental AG, Infineon Technologies AG, Qualcomm Inc., Toyota Motor Corporation, Delphi Automotive PLC, Cohda Wireless Pty, Savari Technologies Pvt. Ltd., Kapsch TrafficCom, eTrans Systems, Arada Systems Inc., Denso Corporation, AutoTalks Ltd., Volkswagen AG, General Motors Company, Daimler AG, BMW Group. These are the market players that dominate the global automotive vehicle-to-everything market.

RECENT HAPPENINGS IN THE MARKET 

•  The innovative organization Continental is building up an adaptable 5G hybrid stage that permits both mobile network communication and quick and solid direct exchange of information. These advantages are being acknowledged with a first client grant for this 5 G-Hybrid-V2X arrangement.
• The configurable AI-500-095 Dual-Mode RSU with the 9150 C-V2X chipset gives direct correspondence of Signal Phase and Timing (SPaT) and Basic Safety Messages (BSMs) to equipped vehicles and cell phones.
• Toyota has put Connected-Car Tech plans on hold. The automaker had said it would empower V2X beginning in 2021; however, it has now suspended the venture.

MARKET SEGMENTATION

This research report on the global automotive vehicle-to-everything market is segmented and sub-segmented into the following categories.

By Offering

• Hardware
• Software 

By Communication Analysis

• Vehicle-to-Vehicle (V2V)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Pedestrian (V2P)
• Vehicle-to-Grid (V2G)
• Vehicle-to-Cloud (V2C)
• Vehicle-to-Device (V2D)

By Propulsion

• ICE
• EV

By Connectivity

• Cellular
• DSRC

By Technology

• Automated driver assistance
• Intelligent traffic systems
• Emergency vehicle notification
• Passenger information system
• Fleet & asset management
• Parking management system
• Line of sight
• Non-line of sight
• Backing
• Others

By Vehicle Type

• Passenger car
• Commercial vehicle

By Unit Type

• On-Board Unit
• Roadside Unit

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America
• Middle East and Africa