PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1684308
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1684308
Cellular Vehicle-to-everything Market size was valued at US$ 912.8 Million in 2024, expanding at a CAGR of 31.62% from 2025 to 2032.
Cellular Vehicle-to-Everything (C-V2X) is an advanced communication technology that enables vehicles to interact with their surroundings, including other vehicles, infrastructure, pedestrians, and networks. It enhances road safety, traffic efficiency, and autonomous driving capabilities. The Vehicle-to-Vehicle (V2V) segment dominates the market, as it improves collision prevention and real-time data sharing. Supported by 5G technology, C-V2X is gaining traction worldwide, with automakers and governments investing in intelligent transportation systems to create safer and more connected roadways.
Cellular Vehicle-to-everything Market- Market Dynamics
Need for efficient transportation to propel market demand
The Cellular Vehicle-to-Everything (C-V2X) market is growing rapidly, driven by the need for safer and more efficient transportation. The Vehicle-to-Vehicle (V2V) segment dominates the market, enabling real-time communication between cars to prevent accidents and improve traffic flow. Leading automakers and tech firms, including Qualcomm, Huawei, Ford, and BMW, are investing in C-V2X technology. This system enhances road safety by allowing vehicles to share data on speed, location, and road conditions. With advancements in 5G networks, C-V2X adoption is expected to rise significantly.
Cellular Vehicle-to-everything Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 31.62% over the forecast period (2025-2032)
Based on Communication Type segmentation, Vehicle-to-Vehicle - V2V was predicted to show maximum market share in the year 2024
Based on application segmentation, autonomous was the leading application in 2024
Based on Component segmentation, Hardware was the leading component in 2024
On the basis of region, North America was the leading revenue generator in 2024
The Global Cellular Vehicle-to-everything Market is segmented on the basis of Communication Type, Application, Component, vehicle type, and Region.
Based on Communication Type the market is segmented into Vehicle-to-Person (V2P), Vehicle-to-Infrastructure (V2I), Vehicle-to-Network (V2N) and Vehicle-to-Vehicle (V2V). The Vehicle-to-Vehicle (V2V) segment leads the market, as it enhances road safety by enabling real-time data exchange between vehicles. Other key communication types include Vehicle-to-Person (V2P) for pedestrian safety, Vehicle-to-Infrastructure (V2I) for smart traffic management, and Vehicle-to-Network (V2N) for cloud-based updates and navigation support.
Based on Component, the market is segmented into Hardware and Software. The hardware segment dominates, driven by the need for onboard units (OBUs), sensors, and communication modules that facilitate seamless data transmission. The software segment, including AI-driven analytics and cloud platforms, is growing rapidly as vehicles become more connected.
Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. The passenger vehicle segment leads due to rising demand for advanced driver assistance systems (ADAS), autonomous driving, and enhanced connectivity in personal cars. Commercial vehicles also benefit from C-V2X for fleet management and logistics efficiency.
Based on Application, the market is segmented into Fleet Management, Autonomous Driving, Collision Avoidance, Intelligent Traffic Systems, Parking Management Systems and Others. Autonomous driving is the dominant application, as self-driving cars rely heavily on C-V2X for real-time communication. Other applications include fleet management, collision avoidance, intelligent traffic systems, and parking management, ensuring safer and more efficient transportation.
Cellular Vehicle-to-everything Market- Geographical Insights
The Cellular Vehicle-to-Everything (C-V2X) market is led by the Vehicle-to-Infrastructure (V2I) segment, driven by rising smart city projects and government investments in intelligent transportation systems. North America dominates due to strong 5G deployment and supportive regulations, while Asia-Pacific is growing rapidly with increasing vehicle connectivity in China and Japan. Europe also sees significant adoption with smart road initiatives. V2I technology improves traffic management, reduces congestion, and enhances road safety, making it a key driver in the global C-V2X market.
The Cellular Vehicle-to-Everything (C-V2X) market is dominated by the vehicle-to-infrastructure (V2I) segment, driven by the rising adoption of smart traffic management systems and connected road infrastructure. V2I enables real-time communication between vehicles and traffic signals, road signs, and toll systems, improving safety and reducing congestion. Leading companies in the C-V2X market include Qualcomm, Huawei, Autotalks, Continental AG, Bosch, and Ericsson. Growing investments in smart cities and 5G deployment are further boosting the demand for V2I solutions, making roads safer and transportation more efficient for the future.
In June 2023, Peachtree Corners, a smart city powered by real-world connected infrastructure, partnered with Audi of America Inc. to enhance the practical deployment of Cellular Vehicle-to-Everything (C-V2X) technology within the Curiosity Lab ecosystem. This initiative enables vehicles to communicate with city-owned streets, traffic signals, crosswalks, and vulnerable road users (VRUs) to improve safety and efficiency.
In November 2022, Quectel Wireless Solutions, a leading IoT and automotive solutions provider, introduced the AG18 module, a next-generation C-V2X module with PC5 direct communications, allowing vehicles to seamlessly interact with their surroundings for enhanced traffic management and road safety.