Automotive V2X Market Report - By Offering (Hardware, Software), By Communication Type (Vehicle-to-Vehicle (V2V) Communication, Vehicle-to-Infrastructure (V2I) Communication, Vehicle-to-Pedestrian (V2... ... le-to-Pedestrian (V2P) Communication, Vehicle-to-Home (V2H) Communication, Vehicle-to-Grid (V2G) Communication, Vehicle-to-Network (V2N) Communication), By Connectivity Type (Dedicated Short Range Communications (DSRC), Cellular Connectivity), By Vehicle Propulsion Type (Internal Combustion Engine (I.C.E.), (Passenger Vehicles, Commercial Vehicle), Electric Vehicle)), By Sales Channel (OEM, Aftermarket), and Others Read more
- Automotive
- Sep 2024
- 183
- PDF, Excel, PPT
Market Definition
Automotive V2X or “vehicle to everything” is a technology that uses different sensors, cameras, and network connectivity to help an automobile effectively communicate with its driver and surroundings. This technology is an important aspect of connected mobility and will help improve road safety and vehicle efficiency, and reduce traffic congestion while improving customer experience.
Market Insights & Analysis: Global Automotive V2X Market (2024-30):
The Global Automotive V2X Market size is valued at USD 0.74 billion in 2024 & is projected to reach USD 11.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2024-30. The growth in the market is driven mainly due to the adoption of connectivity technologies in automobiles which gradually becoming a standard. This is largely due to the policy shift of the countries globally to improve their road safety. Auto manufacturers are deploying V2X technologies coupled with AI and 5G to enhance driver experience whilst complying with government guidelines. Additionally, these technologies are driving the adoption of autonomous and electric vehicles.
With increasing dependency on technology and a surge in the tech-savvy population, there has been an increase in demand for the deployment of network connectivity in vehicles. More than 90% of all new vehicles worldwide will be connected by 2030 and 45% of them will have intermediate to advanced connectivity features like multisensory interactions for all occupants, connection to other ecosystems and platforms, and intelligent decision-making through seamless environmental linkages.
| Report Coverage | Details |
|---|---|
| Historical Years | 2019-22 |
|
Base Years
|
2023
|
|
Forecast Years
|
2024-30
|
| Market Value in 2024 | USD 0.74 Billion |
| Market Value by 2030 | USD 11.5 Billion |
| CAGR (2024-30) | 48% |
| Leading Region | Asia-Pacific |
| Top Key Players | Continental AG, Lear Corporation, Qualcomm, Inc., NXP Semiconductors, LG Vehicle Component Solutions, Commsignia, HARMAN International, Mobileye, Miovision, Infineon Technologies AG, Denso Corporation, Autotalks Ltd., Cohda Wireless, Neusoft Corporation, Huawei Technologies Co. Ltd. and Others. |
| Key Report Highlights |
|
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Global Automotive V2X Market Driver:
Policy Push Regarding Road Safety – The Global Automotive V2X Market shows healthy growth due to rising awareness and policy push regarding road safety. According to the United Nations, each year around 1.19 million deaths happen due to traffic accidents. To prevent such tragedies and improve road safety, authoritative bodies and automobile manufacturers are adopting smart connectivity technologies such as vehicle-to-everything (V2X). For Instance,
- August 2024: The US Department of Transportation announced that they will be deploying V2X technology throughout the country aligning with their commitment to decrease fatalities on road to zero
- September 2023: 5G Automotive Association in an open statement highlighted the commitment of the European automakers representing 70% of the market to adopt the 5G-V2X as the technology for direct connectivity in automobiles
These developments highlight the positive future outlook of the Global Automotive V2X Market, where it is expected to see a significant number of new automobiles getting equipped with smart connectivity from the start.
- Introduction
- Product Definition
- Research Process
- Market Segmentation
- Assumptions
- Executive Summary
- Global Automotive V2X Market Policies and Regulations
- Global Automotive V2X Market, Government Grants
- Global Machine Learning Market, Start-up Ecosystem
- Entrepreneurial Activity
- Year-on-Year Funding Received
- Funding Received by Top Companies
- Key Investors Active in the Market
- Series-wise Funding Received
- Seed Funding
- Angel Investing
- Venture Capitalists (VC) Funding
- Others
- Global Automotive V2X Market Dynamics
- Drivers
- Challenges
- Impact Analysis
- Global Automotive V2X Market Trends & Insights
- Global Automotive V2X Market Hotspots & Opportunities
- Global Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Billion)
- Market Share & Analysis
- By Offering
- Hardware- Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
- By Communication Type
- Vehicle-to-Vehicle (V2V) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Infrastructure (V2I) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Pedestrian (V2P) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Home (V2H) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Grid (V2G) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Network (V2N) Communication- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type
- Dedicated Short Range Communications (DSRC) - Market Size & Forecast 2019-2030, USD Million
- Cellular Connectivity- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type
- Internal Combustion Engine (I.C.E.)
- Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
- Commercial Vehicle- Market Size & Forecast 2019-2030, USD Million
- Electric Vehicle- Market Size & Forecast 2019-2030, USD Million
- Internal Combustion Engine (I.C.E.)
- By Sales Channel
- OEM- Market Size & Forecast 2019-2030, USD Million
- Aftermarket- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Company
- Competition Characteristics
- Market Share & Analysis
- Competitive Matrix
- By Offering
- Market Size & Analysis
- North America Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million/Billion)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Country
- The U.S.
- Canada
- Mexico
- Rest of North America
- The US Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Canada Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Mexico Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- South America Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million/ Billion)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Country
- Brazil
- Rest of South America
- Brazil Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million/Billion)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Country
- The U.K.
- Italy
- Germany
- France
- Spain
- Benelux
- Rest of Europe
- The UK Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Italy Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Germany Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- France Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Spain Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Benelux Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Middle East & Africa Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million/Billion)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Country
- Saudi Arabia
- UAE
- Turkey
- Israel
- Rest of Middle East & Africa
- Saudi Arabia Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- UAE Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Turkey Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Israel Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million/Billion)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- China Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Japan Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- India Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- South Korea Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues (USD Million)
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Australia Automotive V2X Market Outlook, 2019-2030F
- Market Size & Analysis
- Revenues
- Market Share & Analysis
- By Offering- Market Size & Forecast 2019-2030, USD Million
- By Communication Type- Market Size & Forecast 2019-2030, USD Million
- By Connectivity Type- Market Size & Forecast 2019-2030, USD Million
- By Vehicle Propulsion Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Automotive V2X Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Company Profiles
- Continental AG
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Lear Corporation
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Qualcomm, Inc.
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- NXP Semiconductors
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- LG Vehicle Component Solutions
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Commsignia
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- HARMAN International
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Mobileye
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Miovision
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Infineon Technologies AG
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Denso Corporation
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Autotalks Ltd.
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Cohda Wireless
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Neusoft Corporation
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Huawei Technologies Co., Ltd.
- Product/ Solution Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Others
- Continental AG
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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