Cellular Vehicle-to-Everything (C-V2X) Market Size, Share, Trends & Competitive Analysis By Type: Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Vehicle-to-Pedestrian, Vehicle-to-Network By Application: Traffic Management, Infotainment, Parking Management, Emergency Vehicle Notification, Collision Avoidance, Autonomous Driving By Offering: By Communication Technology: By Vehicle Type: By End-User: By Regions, and Industry Forecast, Global Report 2024-2032

  • Report ID: FDS739
  • Forecast Period: 2023-2030
  • No. of Pages: 150+
  • Industry: Advanced Technology

The global Cellular Vehicle-to-Everything Market size was valued at USD 1.31 Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 30.1% during the forecast period, reaching a value of USD 11.12 Billion by 2032.

Cellular Vehicle-to-Everything 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.


Cellular Vehicle-to-Everything (C-V2X) technology enables vehicles to communicate directly with other vehicles, infrastructure, and road users. This advanced connectivity allows vehicles to share real-time information, enhancing safety, efficiency, and mobility on the roads. By utilizing cellular network standards, C-V2X provides a reliable and scalable platform for vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) communication.

The benefits of C-V2X are manifold. It empowers vehicles to anticipate and respond to potential hazards, reducing the risk of collisions. Additionally, C-V2X can optimize traffic flow, enabling vehicles to navigate more efficiently and reduce congestion. This technology also supports the integration of autonomous and semi-autonomous driving features, laying the foundation for a more connected and intelligent transportation system.


Firstly, the increasing demand for advanced driver assistance systems (ADAS) and autonomous driving capabilities is a significant market driver. Automakers recognize the importance of enhancing vehicle safety and efficiency, and C-V2X technology provides the necessary connectivity to enable these features. Additionally, government initiatives and regulations promoting the adoption of intelligent transportation systems have fueled the demand for C-V2X solutions. Governments and automotive manufacturers are collaborating to deploy advanced communication technologies that enhance vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) interactions. The rise in smart city initiatives and the push for autonomous vehicles also contribute to the market's growth. Enhanced data transfer speeds and reliability, provided by 5G networks, are facilitating the development of robust C-V2X systems that can handle complex real-time communication demands.

The high initial costs associated with implementing C-V2X infrastructure and integrating the technology into vehicles can pose a challenge, especially for smaller automotive manufacturers. Additionally, the need for standardization and interoperability across different C-V2X systems can slow down the widespread adoption of the technology. As 5G networks continue to expand and the demand for connected and autonomous vehicles grows, the market is poised to witness significant growth in the coming years. Moreover, the rapid development of 5G infrastructure and the integration of cellular technologies in modern vehicles are unlocking new capabilities and use cases for C-V2X systems. These advancements enable real-time data exchange, improved situational awareness, and enhanced decision-making for both vehicles and infrastructure, presenting lucrative opportunities for market growth. The high implementation costs associated with C-V2X systems and the need for widespread infrastructure development to support seamless connectivity.



At the forefront are the various communication modes that C-V2X technology enables, including Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Network (V2N) interactions. These communication modes empower vehicles to exchange critical information with their surroundings, enhancing safety, efficiency, and mobility. For instance, V2V communication allows cars to detect potential collisions and take evasive actions, while V2I connections enable vehicles to receive real-time traffic updates and optimize their routes. Furthermore, the growing demand for advanced driver assistance systems (ADAS) and autonomous driving capabilities fuels the adoption of C-V2X technology. Automakers recognize the importance of these features in providing a safer and more convenient driving experience for consumers, making C-V2X a key component in the development of future mobility solutions.


At the forefront is traffic management, where C-V2X enables vehicles to communicate with infrastructure and other road users to optimize traffic flow and reduce congestion. Additionally, C-V2X supports infotainment systems, allowing vehicles to provide passengers with real-time information, entertainment, and connectivity. Parking management is another key application, as C-V2X can help vehicles find available parking spaces and streamline the parking process. Furthermore, C-V2X technology plays a crucial role in emergency vehicle notification and collision avoidance, enhancing overall road safety. Lastly, the market is influenced by the growing demand for autonomous driving capabilities, as C-V2X provides the necessary connectivity and data exchange to enable advanced autonomous features.


Hardware components, such as on-board units and roadside units, facilitate the physical implementation of C-V2X technology in vehicles and infrastructure. Alongside the hardware, software plays a crucial role in enabling the seamless integration and operation of C-V2X systems. Automakers and technology providers develop advanced software algorithms to process and interpret the data exchanged between vehicles, infrastructure, and other road users. Moreover, the C-V2X market is characterized by the growing demand for comprehensive services, including installation, maintenance, and support. These services ensure the optimal performance and longevity of C-V2X systems, catering to the needs of both automotive manufacturers and transportation authorities.


Dedicated Short-Range Communication (DSRC) and Cellular-V2X (C-V2X). DSRC utilizes a dedicated wireless spectrum to enable direct communication between vehicles, infrastructure, and other road users, providing low-latency and reliable connectivity. In contrast, C-V2X leverages existing cellular network infrastructure, allowing vehicles to exchange data over cellular networks. This approach offers greater scalability, broader coverage, and the potential for seamless integration with 5G and future cellular technologies. The choice between DSRC and C-V2X is a crucial factor in the C-V2X market, as it determines the technological foundation for various applications, such as traffic management, collision avoidance, and autonomous driving. Automakers and transportation authorities must carefully evaluate the pros and cons of each communication technology to align with their specific requirements and long-term goals.


Commercial vehicles, such as trucks and buses, also play a crucial role, as C-V2X technology can optimize fleet management, improve logistical efficiency, and enhance driver safety. The need for better coordination and communication between commercial vehicles and their surrounding infrastructure further amplifies the importance of C-V2X in this segment. Furthermore, the rise of autonomous and semi-autonomous vehicles is a dominant factor in the C-V2X market. These advanced vehicles rely on seamless connectivity and data exchange to navigate safely and efficiently, making C-V2X a critical enabler for the development and deployment of autonomous driving capabilities.


OEMs play a pivotal role, as they integrate C-V2X technology into their vehicles during the manufacturing process, ensuring seamless integration and optimized performance. Alongside OEMs, the aftermarket segment is a growing force in the C-V2X market. Aftermarket suppliers offer a wide range of C-V2X hardware and software solutions that can be retrofitted into existing vehicles, catering to the needs of consumers and fleet operators who seek to upgrade their vehicles with advanced connectivity features. The interplay between OEMs and the aftermarket is a crucial factor in the C-V2X market, as it provides consumers with greater flexibility and choice in adopting this transformative technology. Both end-user segments drive the demand for C-V2X solutions, fueling the market's overall growth and innovation.


North America, led by the United States, is a prominent market, driven by early C-V2X deployments, supportive government initiatives, and the presence of major automotive and technology companies. Europe also emerges as a key C-V2X market, with countries like Germany, France, and the United Kingdom at the forefront of adoption. The region's focus on sustainable transportation and the integration of advanced connectivity solutions into vehicle platforms significantly contribute to the growth of the C-V2X market. Meanwhile, the Asia Pacific region, with its rapidly expanding automotive industry and growing emphasis on smart city development, represents a lucrative opportunity for C-V2X market participants.


  • Qualcomm Technologies, Inc.
  • Huawei Technologies Co., Ltd.
  • Intel Corporation
  • Samsung Electronics Co., Ltd.
  • Nokia Corporation
  • Ericsson
  • Autotalks Ltd.
  • Continental AG
  • Robert Bosch GmbH
  • Denso Corporation
  • NXP Semiconductors N.V.
  • Infineon Technologies AG
  • ZTE Corporation
  • HARMAN International (a Samsung company)
  • STMicroelectronics N.V.
  • Marvell Technology Group Ltd.
  • MediaTek Inc.
  • Sierra Wireless
  • Gemalto (a Thales company)
  • Telit Communications PLC
  • u-blox AG
  • Savari Inc.
  • Cohda Wireless Pty Ltd.
  • Ficosa Internacional SA
  • Capgemini Engineering (formerly Altran Technologies)

Table of Contents

  1. Executive Summary
  2. Market Overview
    2.1. Introduction to Cellular Vehicle-to-Everything (C-V2X)
    2.2. Key Market Drivers and Restraints
  3. Market Segmentation
    3.1. By Type
    • Vehicle-to-Vehicle (V2V)
    • Vehicle-to-Infrastructure (V2I)
    • Vehicle-to-Pedestrian (V2P)
    • Vehicle-to-Network (V2N)
      3.2. By Application
    • Traffic Management
    • Infotainment
    • Parking Management
    • Emergency Vehicle Notification
    • Collision Avoidance
    • Autonomous Driving
      3.3. By Offering
    • Hardware
    • Software
    • Services
      3.4. By Communication Technology
    • Dedicated Short-Range Communication (DSRC)
    • Cellular-V2X (C-V2X)
      3.5. By Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
    • Autonomous/Semi-Autonomous Vehicles
      3.6. By End-User
    • Original Equipment Manufacturers (OEMs)
    • Aftermarket
  4. Regional Analysis
    4.1. North America
    4.2. Europe
    4.3. Asia-Pacific
    4.4. Rest of the World
  5. Competitive Landscape
    5.1. Key Players and Their Offerings
    5.2. Market Share Analysis
    5.3. Strategic Initiatives
  6. Future Outlook and Conclusion
  7. Appendix
    7.1. Research Methodology
    7.2. Data Sources
    7.3. Abbreviations

Cellular Vehicle-to-Everything (C-V2X) Market Segmentation:

By Type:

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

By Application:

  • Traffic Management
  • Infotainment
  • Parking Management
  • Emergency Vehicle Notification
  • Collision Avoidance
  • Autonomous Driving

By Offering:

  • Hardware
  • Software
  • Services

By Communication Technology:

  • Dedicated Short-Range Communication (DSRC)
  • Cellular-V2X (C-V2X)

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
  • Autonomous/Semi-Autonomous Vehicles

By End-User:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

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)

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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.

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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


Cellular Vehicle-to-Everything Market Dynamic Factors


  • Increasing demand for road safety and traffic efficiency
  • Government initiatives and regulations promoting smart transportation
  • Advancements in 5G technology enhancing communication capabilities
  • Growth in smart city projects and autonomous vehicle development


  • High costs of developing and deploying C-V2X infrastructure
  • Data security and privacy concerns
  • Limited interoperability between different communication systems
  • Slow adoption in emerging economies


  • Integration with electric and autonomous vehicles
  • Advancements in AI and machine learning for better predictive analytics
  • Development of new applications and services in smart transportation
  • Potential for improved traffic management and reduced congestion


  • Ensuring data security and protecting user privacy
  • High infrastructure costs and funding limitations
  • Technical challenges in achieving seamless connectivity
  • Regulatory and standardization issues across different regions

Frequently Asked Questions

The global Cellular Vehicle-to-Everything Market size was valued at USD 1.31 Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 30.1% during the forecast period, reaching a value of USD 11.12 Billion by 2032.

Key factors include the increasing demand for enhanced road safety, government initiatives promoting smart transportation, advancements in 5G technology, and the rise of autonomous vehicle development.

Current trends include the integration of C-V2X with electric and autonomous vehicles, the use of AI and machine learning to improve system efficiency, and the development of smart city infrastructure.

North America, Europe, and Asia-Pacific are expected to dominate the C-V2X market, with significant contributions from the United States, China, Germany, and Japan.

Major challenges include high infrastructure costs, data security concerns, and regulatory hurdles. However, opportunities lie in technological advancements, smart city initiatives, and the potential for enhanced traffic management.
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