Automotive V2X Market by Communication Type, Connectivity (Cellular-V2X Communication, Dedicated Short-Range Communication), Offering, Vehicle Type

List of Tables

The Automotive V2X Market was valued at USD 4.90 billion in 2023, expected to reach USD 6.53 billion in 2024, and is projected to grow at a CAGR of 33.70%, to USD 37.48 billion by 2030.

The scope of the Automotive Vehicle-to-Everything (V2X) technology encompasses the communication between vehicles and any entity that may affect or be affected by the vehicular operation. This includes Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Network (V2N) interactions. The necessity for V2X is driven by the growing need for enhanced road safety, traffic efficiency, and reduced environmental impact. The application of V2X technology extends to traffic management systems, autonomous driving, intelligent transportation systems, and emergency vehicle notifications, making it vital for advancing smart city initiatives. The end-use scope includes automotive OEMs, governmental bodies, and technology providers.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.90 billion
Estimated Year [2024]	USD 6.53 billion
Forecast Year [2030]	USD 37.48 billion
CAGR (%)	33.70%

Key influencing growth factors include advancements in 5G technology, increasing government investments in intelligent transportation systems, and rising demand for autonomous vehicles. The latest potential opportunities lie in the integration of V2X with smart infrastructure and the development of edge computing capabilities to handle massive data flows efficiently. Companies are recommended to focus on partnerships with telecom providers and municipalities to deploy V2X networks and consider investment in AI and machine learning for predictive analytics to enhance V2X applications.

However, the market faces limitations such as regulatory hurdles, high deployment costs, and interoperability challenges across different regions and systems. Cybersecurity is another significant concern, as the increase in connectivity also raises the potential for cyber threats. Innovative areas for research include developing low-latency communication protocols, enhancing network security measures, and exploring the integration of blockchain technology for secure transactions. The market overall is dynamic, characterized by rapid technological advancements and regulatory evolution, necessitating a flexible approach to strategy and development. Businesses operating in this space can gain a competitive edge by leveraging cutting-edge technology and forming strategic alliances that expand their footprint in this burgeoning field.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automotive V2X Market

The Automotive V2X Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing demand for in-vehicle connectivity solutions
- Government focus on road safety features
- Rising demand for cloud-based V2X communication in traffic systems
Market Restraints
- High cost of implementation and limitations of automotive V2X system
Market Opportunities
- Potential of 5G & AI technology coupled with the advancements in cellular-V2X (CV2X) technology
- Potential of V2X technology to enhance environmental sustainability
Market Challenges
- Security and privacy issues associated with V2X communication systems

Porter's Five Forces: A Strategic Tool for Navigating the Automotive V2X Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive V2X Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automotive V2X Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive V2X Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automotive V2X Market

A detailed market share analysis in the Automotive V2X Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automotive V2X Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive V2X Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Automotive V2X Market, highlighting leading vendors and their innovative profiles. These include Rohde & Schwarz GmbH & Co. KG, Lear Corporation, Fermata Energy LLC, STMicroelectronics N.V., General Motors, TDK Corporation, Continental AG, Thales Group, NTT Docomo, Inc., Gateworks Corporation, Huawei Technologies Co., Ltd., Volkswagen AG, Siemens AG, Vector Informatik GmbH, Visteon Corporation, Hyundai Motor Company, u-blox AG, Telefonaktiebolaget LM Ericsson, Ford Motor Company, Samsung Electronics Co., Ltd., Qualcomm Incorporated, NXP Semiconductors N.V., Quectel Wireless Solutions Co., Ltd., Robert Bosch GmbH, LG Electronics Inc., Capgemini SE, Panasonic Holdings Corporation, Infineon Technologies AG, Valeo S.A., Kapsch TrafficCom AG, Texas Instruments Incorporated, Denso Corporation, Intel Corporation, Microsec Ltd., Cohda Wireless Pty Ltd., Toyota Motor Corporation, Nokia Corporation, and International Business Machines Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive V2X Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Communication Type, market is studied across Vehicle-to-Cloud, Vehicle-to-Device, Vehicle-to-Grid, Vehicle-to-Infrastructure, Vehicle-to-Pedestrian, and Vehicle-to-Vehicle.
Based on Connectivity, market is studied across Cellular-V2X Communication and Dedicated Short-Range Communication.
Based on Offering, market is studied across Infrastructure-Based and Vehicle-Based. The Infrastructure-Based is further studied across Communication Infrastructure, Roadside Units, and Traffic Management Systems. The Vehicle-Based is further studied across Connected Vehicle Applications, In-Vehicle Displays, and On-Board Units.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-205091A8587F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for in-vehicle connectivity solutions
  - 5.1.1.2. Government focus on road safety features
  - 5.1.1.3. Rising demand for cloud-based V2X communication in traffic systems
- 5.1.2. Restraints
  - 5.1.2.1. High cost of implementation and limitations of automotive V2X system
- 5.1.3. Opportunities
  - 5.1.3.1. Potential of 5G & AI technology coupled with the advancements in cellular-V2X (CV2X) technology
  - 5.1.3.2. Potential of V2X technology to enhance environmental sustainability
- 5.1.4. Challenges
  - 5.1.4.1. Security and privacy issues associated with V2X communication systems
5.2. Market Segmentation Analysis
- 5.2.1. Communication Type: Rising usage of vehicle-to-vehicle communication for road safety
- 5.2.2. Connectivity: Increasing adoption of cellular-V2X communication to exchange messages between vehicles
- 5.2.3. Offering: Growing preference for automotive V2X for traffic management systems
- 5.2.4. Vehicle Type: Increasing application of automotive V2X for passenger cars to create safe and connected vehicles
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automotive V2X Market, by Communication Type

6.1. Introduction
6.2. Vehicle-to-Cloud
6.3. Vehicle-to-Device
6.4. Vehicle-to-Grid
6.5. Vehicle-to-Infrastructure
6.6. Vehicle-to-Pedestrian
6.7. Vehicle-to-Vehicle

7. Automotive V2X Market, by Connectivity

7.1. Introduction
7.2. Cellular-V2X Communication
7.3. Dedicated Short-Range Communication

8. Automotive V2X Market, by Offering

8.1. Introduction
8.2. Infrastructure-Based
- 8.2.1. Communication Infrastructure
- 8.2.2. Roadside Units
- 8.2.3. Traffic Management Systems
8.3. Vehicle-Based
- 8.3.1. Connected Vehicle Applications
- 8.3.2. In-Vehicle Displays
- 8.3.3. On-Board Units

9. Automotive V2X Market, by Vehicle Type

9.1. Introduction
9.2. Commercial Vehicles
9.3. Passenger Cars

10. Americas Automotive V2X Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive V2X Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive V2X Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Panasonic Launches Cirrus 2.0, Advanced V2X Platform to Boost Road Safety and Mobility for State DOTs and Fleet Operators
- 13.3.2. Autotalks and Rohde & Schwarz Collaborate to Enhance Road Safety with Advanced 5G-V2X Test Setup
- 13.3.3. Danlaw Acquires Cohda Wireless to Boost Global V2X Innovation and Improve Urban and Mining Safety
- 13.3.4. Hyundai Mobis and Autotalks Collaborate to Implement Cutting-edge V2X Technology for Connected Cars
- 13.3.5. TTTech Auto, ZettaScale Extend Collaboration to Launch in-Vehicle, V2X Service
- 13.3.6. Qualcomm Acquires Autotalks to Boost Snapdragon's Automotive Safety Technology, Reportedly for USD 350-400M
- 13.3.7. FCC Waiver Enables Harman to Deploy C-V2X Technology
- 13.3.8. LG Innotek Preoccupying the Autonomous Driving Vehicle Components Market with 2nd Generation '5G-V2X Cellular Module
- 13.3.9. Applied Information Granted Patent to Streamline Data and Reduce Bandwidth for Cellular Vehicle to Everything Communications up to 97%
- 13.3.10. VicOne and DFI Expand Partnership to Provide Advanced Embedded Automotive Cybersecurity Solutions for Safely Integrating Connected Cars and Smart Cities
- 13.3.11. MobileDrive Details ADAS-Focused Technology Partnership with Siemens
- 13.3.12. Charging Firm Indra Receives New Tranche of Investment
- 13.3.13. Hankook & Company Acquires Autonomous Driving Technology from 3Secondz
- 13.3.14. HARMAN and American Center for Mobility (ACM) Announce Strategic Collaboration at MWC 2023
- 13.3.15. Phoenix Motorcars & Fermata Energy Form Long-Term Partnership for V2X Bidirectional Charging
- 13.3.16. UK announces GBP 16 Million (USD 19.57 million) in V2X and Demand Side Response Projects
- 13.3.17. CEVA and Autotalks Expand Collaboration to Create World's First 5G-V2X Solution
- 13.3.18. Quectel Launches Automotive Grade 5G NR Release 16 Modules to Support Autonomous Driving

Companies Mentioned

1. Rohde & Schwarz GmbH & Co. KG
2. Lear Corporation
3. Fermata Energy LLC
4. STMicroelectronics N.V.
5. General Motors
6. TDK Corporation
7. Continental AG
8. Thales Group
9. NTT Docomo, Inc.
10. Gateworks Corporation
11. Huawei Technologies Co., Ltd.
12. Volkswagen AG
13. Siemens AG
14. Vector Informatik GmbH
15. Visteon Corporation
16. Hyundai Motor Company
17. u-blox AG
18. Telefonaktiebolaget LM Ericsson
19. Ford Motor Company
20. Samsung Electronics Co., Ltd.
21. Qualcomm Incorporated
22. NXP Semiconductors N.V.
23. Quectel Wireless Solutions Co., Ltd.
24. Robert Bosch GmbH
25. LG Electronics Inc.
26. Capgemini SE
27. Panasonic Holdings Corporation
28. Infineon Technologies AG
29. Valeo S.A.
30. Kapsch TrafficCom AG
31. Texas Instruments Incorporated
32. Denso Corporation
33. Intel Corporation
34. Microsec Ltd.
35. Cohda Wireless Pty Ltd.
36. Toyota Motor Corporation
37. Nokia Corporation
38. International Business Machines Corporation