Automotive V2X Market Size, Share, Trends & Competitive Analysis By Type: Vehicle-to-Vehicle Communication, Vehicle-to-Infrastructure Communication, Vehicle-to-Pedestrian Communication, Vehicle-to-Device Communication, Vehicle-to-Grid Communication By Application: By Connectivity: By Vehicle Type: By End User: By Communication Technology: By Regions, and Industry Forecast, Global Report 2024-2032

The global Automotive V2X Market size was valued at USD 1.19 Billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 44.5% during the forecast period, reaching a value of USD 23.32 Billion by 2030.

Automotive V2X Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analysing the Market landscape, consumer behaviour, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.


Automotive V2X, or Vehicle-to-Everything communication, is a cutting-edge technology that enables vehicles to communicate with each other and with various elements of the transportation infrastructure. Through V2X, vehicles can exchange vital information such as speed, position, and direction with nearby vehicles, traffic signals, pedestrians, and other roadside infrastructure. This communication allows for enhanced safety, improved traffic efficiency, and the facilitation of emerging technologies like autonomous driving.

One of the key components of Automotive V2X is its ability to significantly reduce the number of road accidents by providing drivers with real-time information about potential hazards and obstacles on the road. By enabling vehicles to communicate with each other and with the surrounding infrastructure, V2X technology helps prevent accidents, reduces traffic congestion, and enhances overall road safety. Additionally, V2X plays a crucial role in the development and implementation of autonomous vehicles, as it provides these vehicles with the data they need to navigate safely and efficiently.


The increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Automotive V2X technology plays a crucial role in enhancing the safety and efficiency of these systems by enabling vehicles to communicate with each other and with the surrounding infrastructure in real-time. Additionally, government regulations mandating the implementation of V2X technology to improve road safety are further driving market growth.

The high cost associated with the deployment of V2X infrastructure and systems. Additionally, concerns regarding data security and privacy are hindering market growth to some extent. However, the market presents numerous opportunities for growth, including the development of new and innovative applications for V2X technology, such as traffic management systems, fleet management solutions, and vehicle platooning systems.



The increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles, which require V2X technology for seamless communication between vehicles and their surroundings. Additionally, stringent government regulations mandating the implementation of V2X technology to enhance road safety are further fueling market growth.

The Automotive V2X market can be segmented by type into several categories, including Vehicle-to-Vehicle (V2V) communication, Vehicle-to-Infrastructure (V2I) communication, Vehicle-to-Pedestrian (V2P) communication, Vehicle-to-Device (V2D) communication, and Vehicle-to-Grid (V2G) communication. V2V communication allows vehicles to exchange information with each other in real-time, enabling advanced safety features such as collision avoidance and blind-spot detection. V2I communication enables vehicles to communicate with infrastructure elements such as traffic lights and road signs, providing drivers with valuable information about traffic conditions and potential hazards.

Furthermore, V2P communication enables vehicles to detect and communicate with pedestrians, cyclists, and other vulnerable road users, enhancing overall road safety. V2D communication allows vehicles to connect with other devices such as smartphones and tablets, enabling features like remote vehicle monitoring and control. Lastly, V2G communication enables vehicles to communicate with the power grid, facilitating features such as smart charging and grid stabilization.


One significant application is Advanced Driver Assistance Systems (ADAS), where V2X technology plays a crucial role in enhancing vehicle safety by enabling real-time communication between vehicles and their surroundings. Additionally, V2X technology is extensively used in traffic management systems to improve traffic flow, reduce congestion, and enhance overall transportation efficiency.

Emergency vehicle notification is another essential application of Automotive V2X technology. By enabling vehicles to communicate with emergency vehicles, V2X technology helps in the timely detection and notification of emergency situations, thus improving emergency response times and enhancing road safety. Moreover, V2X technology facilitates the development of intelligent traffic lights, allowing for dynamic control of traffic signals based on real-time traffic conditions, thus further optimizing traffic flow and reducing congestion.

Cooperative vehicle safety systems, fleet management solutions, vehicle platooning, and infotainment systems are among the other key applications driving the growth of the Automotive V2X market. These applications leverage V2X technology to enhance road safety, improve transportation efficiency, and provide drivers with enhanced connectivity and entertainment options.


Dedicated Short Range Communication (DSRC) is one of the primary connectivity technologies used in V2X communication. DSRC enables direct communication between vehicles and infrastructure within a short range, facilitating real-time exchange of critical safety and traffic information.

Cellular Vehicle-to-Everything (C-V2X) is another prominent connectivity technology driving the Automotive V2X market. C-V2X leverages cellular networks to enable communication between vehicles, infrastructure, pedestrians, and other road users. With its ability to support both direct short-range communication and wide-area communication, C-V2X offers enhanced reliability and coverage compared to DSRC, making it well-suited for a wide range of V2X applications.

Apart from DSRC and C-V2X, other connectivity options such as Wi-Fi, Bluetooth, and satellite communication also play a role in the Automotive V2X market. Wi-Fi and Bluetooth are commonly used for vehicle-to-device (V2D) communication, enabling vehicles to connect with smartphones, tablets, and other smart devices. Satellite communication, on the other hand, provides wide-area coverage, making it suitable for applications requiring communication over long distances or in remote areas.


Passenger cars represent a significant segment of the Automotive V2X market, with V2X technology being deployed to enhance safety, improve traffic efficiency, and provide drivers with advanced connectivity and infotainment features.

Commercial vehicles, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs), are also driving the growth of the Automotive V2X market. In commercial vehicle applications, V2X technology is used to optimize fleet management, improve vehicle safety, and enhance overall operational efficiency. Moreover, V2X communication is particularly beneficial for heavy commercial vehicles, as it enables them to exchange critical safety information with other vehicles and infrastructure, thus reducing the risk of accidents and improving road safety.

Two-wheelers represent another important segment of the Automotive V2X market. While the adoption of V2X technology in two-wheelers is relatively nascent compared to passenger cars and commercial vehicles, it is gaining traction owing to the increasing focus on motorcycle safety and the development of connected motorcycle solutions. V2X technology in two-wheelers enables features such as collision avoidance, blind-spot detection, and vehicle-to-infrastructure communication, thus enhancing the safety and connectivity of two-wheeled vehicles on the road.


OEMs play a pivotal role in driving the adoption of V2X technology in vehicles. They integrate V2X communication modules into new vehicles during the manufacturing process, offering consumers advanced safety, connectivity, and infotainment features right from the factory. As consumer demand for safer and more connected vehicles continues to rise, OEMs are increasingly incorporating V2X technology into their vehicle models, thus driving the growth of the Automotive V2X market.

Apart from OEMs, the aftermarket segment also contributes significantly to the Automotive V2X market. Aftermarket V2X solutions are designed to retrofit existing vehicles with V2X communication capabilities, thus enabling owners of older vehicles to benefit from advanced safety and connectivity features. Aftermarket V2X solutions are particularly popular among owners of older vehicles who wish to enhance the safety and connectivity of their vehicles without having to purchase a new car. Additionally, aftermarket V2X solutions are also widely used in commercial vehicles, where they help fleet operators improve vehicle safety, efficiency, and operational visibility.


Vehicle-to-Vehicle (V2V) communication allows vehicles to exchange information with each other in real-time, enabling features such as collision avoidance, emergency braking, and cooperative adaptive cruise control.

Vehicle-to-Infrastructure (V2I) communication enables vehicles to communicate with infrastructure elements such as traffic lights, road signs, and roadside sensors, providing drivers with valuable information about traffic conditions, road hazards, and other relevant data. Moreover, Vehicle-to-Cloud (V2C) communication enables vehicles to connect to the cloud, facilitating the exchange of data between vehicles and cloud-based services, such as navigation, traffic management, and remote vehicle diagnostics.

In addition to V2V, V2I, and V2C communication, other types of V2X communication technologies include Vehicle-to-Pedestrian (V2P) communication and Vehicle-to-Network (V2N) communication. V2P communication enables vehicles to detect and communicate with pedestrians, cyclists, and other vulnerable road users, thus enhancing overall road safety. On the other hand, V2N communication allows vehicles to connect to cellular networks, enabling wide-area communication and access to cloud-based services from anywhere, anytime.


North America holds a significant share of the market, driven by the presence of major automotive manufacturers and a strong focus on technological innovation. The region's favorable regulatory environment, along with government initiatives to improve road safety, is further fueling market growth. Additionally, the increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles is driving the demand for V2X technology in the region.

In Europe, stringent safety regulations and the presence of leading automotive manufacturers are driving the adoption of V2X technology. The region is witnessing increasing investments in smart transportation infrastructure, further boosting the demand for V2X communication systems. Moreover, government initiatives aimed at reducing road accidents and traffic congestion are driving market growth in Europe. In the Asia Pacific region, rapid urbanization, growing automotive production, and increasing investments in smart city projects are driving the adoption of V2X technology.


  • Continental AG
  • Qualcomm Technologies, Inc.
  • Delphi Technologies
  • Robert Bosch GmbH
  • NXP Semiconductors
  • Infineon Technologies AG
  • Autotalks Ltd.
  • Cohda Wireless
  • Denso Corporation
  • Harman International Industries, Inc.
  • Cisco Systems, Inc.
  • Intel Corporation
  • Huawei Technologies Co., Ltd.
  • TomTom N.V.
  • Panasonic Corporation
  • Visteon Corporation
  • Savari Inc.
  • Kapsch TrafficCom
  • Siemens AG
  • AT&T Inc.
  • Verizon Communications Inc.
  • Samsung Electronics Co., Ltd.
  • STMicroelectronics
  • LG Electronics Inc.
  • Texas Instruments Incorporated

Table of Contents
Executive Summary
Market Overview
Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
Automotive V2X Market, by Type
5.1. Vehicle-to-Vehicle (V2V) Communication
5.2. Vehicle-to-Infrastructure (V2I) Communication
5.3. Vehicle-to-Pedestrian (V2P) Communication
5.4. Vehicle-to-Device (V2D) Communication
5.5. Vehicle-to-Grid (V2G) Communication
Automotive V2X Market, by Application
6.1. Advanced Driver Assistance Systems (ADAS)
6.2. Traffic Management System
6.3. Emergency Vehicle Notification
6.4. Intelligent Traffic Lights
6.5. Cooperative Vehicle Safety Systems
6.6. Fleet Management
6.7. Vehicle Platooning
6.8. Infotainment Systems
6.9. Autonomous Driving
Automotive V2X Market, by Connectivity
7.1. Dedicated Short Range Communication (DSRC)
7.2. Cellular Vehicle-to-Everything (C-V2X)
7.3. Wi-Fi
7.4. Bluetooth
7.5. Satellite Communication
Automotive V2X Market, by Vehicle Type
8.1. Passenger Cars
8.2. Commercial Vehicles
8.3. Heavy Commercial Vehicles
8.4. Two-Wheelers
Automotive V2X Market, by Region
9.1. North America
9.2. Europe
9.3. Asia Pacific
9.4. Latin America
9.5. Middle East and Africa
Automotive V2X Market, by End User
10.1. OEMs (Original Equipment Manufacturers)
10.2. Aftermarket
Automotive V2X Market, by Communication Technology
11.1. Vehicle-to-Vehicle (V2V)
11.2. Vehicle-to-Infrastructure (V2I)
11.3. Vehicle-to-Cloud (V2C)
11.4. Vehicle-to-Pedestrian (V2P)
11.5. Vehicle-to-Network (V2N)
Automotive V2X Market, by Component
12.1. Hardware
12.2. Software
12.3. Services
Automotive V2X Market, by Distribution Channel
13.1. Online
13.2. Offline
Competitive Landscape
Company Profiles
(List of key companies operating in the market)
16.1. Research Methodology
16.2. Data Sources
16.3. Abbreviations
16.4. Disclaimer

Automotive V2X Market Segmentation:

By Type:

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

By Application:

  • Advanced Driver Assistance Systems (ADAS)
  • Traffic Management System
  • Emergency Vehicle Notification
  • Intelligent Traffic Lights
  • Cooperative Vehicle Safety Systems
  • Fleet Management
  • Vehicle Platooning
  • Infotainment Systems
  • Autonomous Driving

By Connectivity:

  • Dedicated Short Range Communication (DSRC)
  • Cellular Vehicle-to-Everything (C-V2X)
  • Wi-Fi
  • Bluetooth
  • Satellite Communication

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
  • Heavy Commercial Vehicles
  • Two-Wheelers

By End User:

  • OEMs (Original Equipment Manufacturers)
  • Aftermarket

By Communication Technology:

  • Vehicle-to-Vehicle (V2V)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Cloud (V2C)
  • Vehicle-to-Pedestrian (V2P)
  • Vehicle-to-Network (V2N)

By Geography:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Reasons to Buy this Report

  • Comprehensive Insights: Market research reports provide in-depth and comprehensive insights into various industries, markets, and sectors. These reports are prepared after extensive data collection, analysis, and interpretation, offering you valuable information and a clear understanding of market trends, dynamics, and opportunities.
  • Future Predictions: Market research reports often include future data statistics, forecasts, and predictions. These predictions are based on rigorous analysis and modeling techniques, taking into account various factors such as market growth drivers, challenges, and emerging trends. By accessing these future data stats, you can make informed decisions and develop strategies that align with the projected market scenarios.
  • Industry Analysis: Market research reports offer detailed industry analysis, including factors such as market size, market share, competitive landscape, and key players. These reports provide an overview of the industry's current status, growth potential, and competitive dynamics, enabling you to identify lucrative opportunities and stay ahead of the competition.
  • Market Trends and Opportunities: By purchasing market research reports, you gain access to up-to-date information on market trends and emerging opportunities. These reports highlight the latest consumer preferences, technological advancements, regulatory changes, and other influential factors shaping the market landscape. Keeping track of these trends helps you identify potential growth areas and adapt your business strategies accordingly.
  • Risk Mitigation: Investing in a market research report can help mitigate risks associated with market uncertainties. The reports provide insights into potential risks, challenges, and barriers to entry in specific markets or industries. With this knowledge, you can develop risk mitigation strategies, anticipate market fluctuations, and make informed decisions to minimize potential losses.
  • Investment Decision Support: Market research reports are valuable tools for investors, venture capitalists, and financial institutions. These reports provide reliable and data-driven information that aids in investment decision-making processes. By analyzing market research reports, investors can evaluate the market potential, assess the feasibility of investment opportunities, and gauge the expected returns on investment.
  • Product Development and Innovation: Market research reports offer insights into consumer preferences, needs, and demands. This information can be leveraged for product development and innovation. By understanding the market dynamics and consumer behavior, you can tailor your products or services to meet the evolving needs of your target audience, leading to enhanced customer satisfaction and market success.
  • Strategic Planning: Market research reports serve as a foundation for strategic planning. They provide a comprehensive overview of the market landscape, competitive positioning, and growth potential. With this knowledge, you can develop effective business strategies, set realistic goals, and allocate resources efficiently. Strategic planning based on accurate market research helps optimize your operations and improve your chances of success.
  • Market Entry and Expansion: For businesses looking to enter new markets or expand their existing operations, market research reports are indispensable. These reports provide insights into market dynamics, consumer behavior, regulatory frameworks, and competitive landscapes specific to the target markets. This information helps you assess the feasibility of market entry, identify potential obstacles, and develop market entry strategies that increase your chances of success.
  • Evidence-Based Decision Making: Market research reports provide evidence-based data and analysis, enabling you to make informed decisions. Rather than relying on assumptions or guesswork, you can base your decisions on reliable information and market insights. Evidence-based decision making reduces the risk of costly mistakes and increases the likelihood of achieving your business objectives.


With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.

This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.

Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.

With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:

  • Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of the marketplace

With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.

The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.

Primary Research:

Primary Research


Desk Research


Company Analysis


•       Identify key opinion leaders

•       Questionnaire design

•       In-depth Interviews

•       Coverage across the value chain


•       Company Website

•       Company Annual Reports

•       Paid Databases

•       Financial Reports


•       Market Participants

•       Key Strengths

•       Product Portfolio

•       Mapping as per Value Chain

•       Key focus segment


Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.

The aforementioned helps to:

  • Validate and improve data quality and strengthen the research proceeds
  • Develop a market understanding and expertise
  • Supply authentic information about the market size, share, growth, and forecasts

The primary research interview and discussion panels comprise experienced industry personnel.

These participants include, but are not limited to:

  • Chief executives and VPs of leading corporations specific to an industry
  • Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research:

A broad array of industry sources for the secondary research typically includes, but is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor  presentations for a competitive scenario and shape of the industry
  • Patent and regulatory databases to understand technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles, web-casts, and other related releases to evaluate the market
  • Internal and external proprietary databases, key market indicators, and relevant press releases for  market estimates and forecasts



•       Top executives of end-use industries

•       C-level executives of the leading Parenteral Nutrition companies

•       Sales manager and regional sales manager of the Parenteral Nutrition companies

•       Industry Consultants

•       Distributors/Suppliers


•       Annual Reports

•       Presentations

•       Company Websites

•       Press Releases

•       News Articles

•       Government Agencies’ Publications

•       Industry Publications

•       Paid Databases


Analyst Tools and Models:



·         Arriving at
Global Market Size

·         Arriving at
Market Size

·         Market Share
of Key Players

·         Key Market Players

·         Key Market Players

·         Market Share
of Key Players

·         Arriving at
Market Size

·         Arriving at
Global Market Size


Automotive V2X Market Dynamic Factors


  • Increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles.
  • Government regulations mandating the implementation of V2X technology for road safety.
  • Growing focus on smart city initiatives and the Internet of Things (IoT).


  • High cost associated with the deployment of V2X infrastructure and systems.
  • Concerns regarding data security and privacy.
  • Lack of standardized communication protocols.


  • Development of new applications for V2X technology, such as traffic management systems and vehicle platooning.
  • Integration of V2X communication into smart transportation infrastructure.
  • Growing demand for connected vehicles and mobility solutions.


  • Interoperability issues between different V2X communication technologies.
  • Regulatory challenges related to spectrum allocation and communication standards.
  • Ensuring the reliability and cybersecurity of V2X communication systems.

Frequently Asked Questions

The global Automotive V2X Market size was valued at USD 1.19 Billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 44.5% during the forecast period, reaching a value of USD 23.32 Billion by 2030.

Key factors driving the growth of the Automotive V2X Market include increasing demand for connected vehicles, advancements in wireless communication technologies, and government initiatives to improve road safety.

Current trends and advancements in the Automotive V2X Market include the adoption of 5G technology, development of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems, and integration of artificial intelligence for enhanced vehicle communication.

North America and Europe are expected to dominate the Automotive V2X Market, driven by the presence of key automotive manufacturers, supportive government regulations, and growing investments in smart transportation infrastructure.

Major challenges in the Automotive V2X Market include interoperability issues, concerns regarding data security and privacy, and the high cost of implementation. However, there are significant opportunities for market growth, such as the development of autonomous vehicles, increasing demand for real-time traffic and parking management solutions, and the emergence of smart cities initiatives.
Why Future Data Stats?
Examine Of Marketplace

Your Commercial Enterprise Can Develop Primarily Based On Exclusive Research Results, Along Side Insightful Services. It's Going To Also Allow You To Recognize Diverse Marketing Updates And Different Brand In A Extra Efficient Way.

1+ Million Marketplace Research Report

we performs all the essential studies and provide commonly accurate, result oriented income statistics, market facts, and data marketplace scenarios of the past and future. with experience of over 10 years our research report library cover collection of one million plus reports.

Prediction about the Worldwide Marketplace

so as to gain information on the worldwide markets future data stats offer most correct market prediction using both pessimistic view to benefit truthful concept of future development.

Traditional and Hybrid Methodologies

future data stats presents a holistic and extra accurate view of the marketplace through a aggregate of secondary and primary research and hybrid methodologies.