PUBLISHER: The Business Research Company | PRODUCT CODE: 1681909
PUBLISHER: The Business Research Company | PRODUCT CODE: 1681909
Automotive Vehicle-to-Everything (V2X) communications encompass technologies enabling vehicles to exchange real-time data with various elements in their surroundings. This facilitates the transmission of information such as speed, location, and direction electronically and in real-time, thereby enhancing safety, traffic efficiency, and enabling advanced driver assistance systems (ADAS) and autonomous driving.
The primary types of automotive vehicle to everything (V2X) communications include Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Pedestrian (V2P) communication. V2V communication involves data exchanges between two or more automobiles, enabling the transmission of Basic Safety Messages (BSMs) such as speed, heading, brake status, and other vehicle information across the radiofrequency spectrum. These technologies encompass various applications, including automated driver assistance, intelligent traffic systems, emergency vehicle notification, passenger information systems, fleet and asset management, and parking management systems. They cater to a range of applications such as road safety services, automatic parking systems, emergency vehicles, and automotive services.
The automotive vehicle to everything (V2X) communications market research report is one of a series of new reports from The Business Research Company that provides automotive vehicle to everything (V2X) communications market statistics, including automotive vehicle to everything (V2X) communications industry global market size, regional shares, competitors with a automotive vehicle to everything (V2X) communications market share, detailed automotive vehicle to everything (V2X) communications market segments, market trends and opportunities, and any further data you may need to thrive in the automotive vehicle to everything (V2X) communications industry. This automotive vehicle to everything (V2X) communications market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive vehicle to everything (V2X) communications market size has grown exponentially in recent years. It will grow from $3.6 billion in 2024 to $4.48 billion in 2025 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to increased awareness about traffic safety benefits, increased consumer demand for advanced safety features, growth in the concern about cybersecurity threats, growth in the need for enhanced situational awareness and collision avoidance systems, growth in investments in research and development.
The automotive vehicle to everything (V2X) communications market size is expected to see exponential growth in the next few years. It will grow to $10.68 billion in 2029 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to increasing demand for connected vehicles, rising industrialization and urbanization, increasing demand for advanced technology, increasing focus on smart cities, rising adoption of smart automobiles. Major trends in the forecast period include technological advancements, accelerated deployment of 5G networks, integration with connected and autonomous vehicles, expansion of cellular V2X (C-V2X) technology, smart city infrastructure.
The growing demand for connected vehicles is expected to drive the expansion of the automotive vehicle-to-everything (V2X) communications market in the future. Connected vehicles are equipped with internet connectivity and onboard sensors or devices that enable them to communicate with other vehicles, infrastructure, and external systems. This demand is rising due to factors such as 5G connectivity, heightened safety focus, and consumer preference for enhanced connectivity features. Automotive V2X communications enable connected vehicles to interact with each other and their surroundings, leading to safer, more efficient, and environmentally friendly transportation systems. For instance, in April 2024, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, reported nearly 14 million new electric car registrations globally in 2023, a 35% year-on-year increase, with sales rising by 3.5 million units compared to 2022. Thus, the increasing demand for connected vehicles is boosting the automotive V2X communications market.
Leading companies in the automotive vehicle-to-everything (V2X) communications market are concentrating on developing innovative technological solutions, such as advanced chipsets, to improve communication between vehicles. These advanced chipsets enhance connectivity by enabling real-time data exchange among vehicles, infrastructure, and road users, which boosts safety and traffic management. For example, in September 2022, Autotalks Ltd., an Israel-based semiconductor firm, introduced the TEKTON3 and SECTON3 chipsets. These chipsets specialize in advanced V2X communications, significantly enhancing road safety and supporting autonomous driving features. The third-generation chipsets are designed to support both Dedicated Short-Range Communications (DSRC) and 5G Cellular V2X (C-V2X) technologies, ensuring compatibility with both current and future V2X needs. Additionally, they are the first chipsets to receive Functional Safety certification under ISO 26262 ASIL B, making them ideal for critical automotive applications like automatic braking.
In March 2024, Qualcomm Inc., a US-based technology company, acquired Autotalks Ltd. for an undisclosed sum. The goal of this acquisition is to enhance road safety and mobility by integrating V2X communication solutions into Qualcomm's product portfolio. Autotalks Ltd., an Israel-based company, specializes in V2X (vehicle-to-everything) communication technologies that improve automotive safety systems.
Major companies operating in the automotive vehicle to everything (V2X) communications market are Volkswagen Group, Toyota Motor Corporation, The Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, AT&T Inc., Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Tesla Inc., Nissan Motor Corporation, Panasonic Holdings Corporation, Cisco Systems Inc., Denso Corporation, Qualcomm Technologies Inc., Continental AG, Volvo Car Corporation, Aptiv PLC, NXP Semiconductors N.V., BorgWarner Inc., Visteon Corporation, Harman International Industries Inc., Mobileye
Europe was the largest region in the automotive vehicle to everything (V2X) communications market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive vehicle to everything (V2X) communications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automotive vehicle to everything (V2X) communications market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive vehicle to everything (V2X) communications market consists of revenues earned by entities by providing services such as vehicle-to-grid (V2G) communication, vehicle-to-cloud (V2C) communication, vehicle-to-device (V2D) communication, traffic management and optimization, and road condition monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The automotive vehicle to everything (V2X) communications market also includes sales of on-board units (OBUs), roadside units (RSUs), V2X antennas, V2X testing and certification tools, and V2X sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Vehicle To Everything (V2X) Communications Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive vehicle to everything (v2x) communications market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive vehicle to everything (v2x) communications ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive vehicle to everything (v2x) communications market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.