According to a research report published by Spherical Insights & Consulting, the Global Automotive V2X Market Size Expected to Grow from USD 0.6 Billion in 2023 to USD 38.49 Billion by 2033, at a CAGR of 51.61% during the forecast period 2023-2033.

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 V2X is referred to as a vehicle-to-everything technology. The system enables a vehicle to connect with another vehicle, road users, and infrastructure. The primary goal of the V2X system is to increase road safety, traffic flows on the road, and energy efficiency.  In metro cities, traffic congestion becomes a significant issue, so V2X technology provides the solution by allowing real-time communication between vehicle to vehicle, other surrounding infrastructure, a pedestrian, and other road users. The market is predicted to dominate due to the advanced innovation in the automobile industry, increasing urbanization as well as expanding the IT sector in terms of AI, 5G, and other resources that give potential future. However, the testing method is quite difficult and expensive, which hampers the market.

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Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the Global Automotive V2X Market Size, Share, and COVID-19 Impact Analysis, By Connectivity Type (DSRC, Cellular, and Others), By Communication Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

The cellular segment is expected to hold the largest share of the global automotive V2X market during the forecast period.  

On the basis of connectivity type, the global automotive V2X market is distributed into DSRC, cellular, and others. Among these, the cellular segment is expected to hold the largest share of the global automotive V2X market during the forecast period. The C-V2X enables the technologies directly connect to one other, via a cellular network. This technology gives real-time safety notifications related to road conditions and obstacles that prevent drivers from harsh incidents.

 The vehicle-to-vehicle (V2V) segment is anticipated to grow at the fastest CAGR in the global automotive V2X market during the projected timeframe.  

 Based on the communication type, the global automotive V2X is segmented into vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and Others. Among these, the vehicle-to-vehicle (V2V) segment is anticipated to grow at the fastest CAGR in the global automotive V2X market during the projected timeframe. V2V enables cars to broadcast their location, speed, direction, and other data multiple times per second. Surrounding vehicles with V2V technology can receive this data and use it to provide drivers with forward collision and lane change alerts.

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 Asia Pacific is anticipated to hold the largest share of the global automotive V2X market during the predicted timeframe.

 Asia-Pacific is expected to dominate the global automotive V2X market during the forecast period. The Asia-Pacific automotive V2X market expanded due to technological advancement in the automotive sector, as the growing impact of urbanization with economic rising disposable. Some regions are heavily populated with traffic problems and roadside safety so this will be helpful to solve the problem. V2X platform is assigned with telecoms and electronic control panels with the integration of the charging infrastructure that helps to boost the market in this region.

North America is predicted to develop at the quickest rate in the global automotive V2X market throughout the forecast period. North America is expected to have higher demand for automotive V2X systems than other regions because it is home to developed countries such as the United States, Canada, and Mexico. The market is being driven by the advancement of IoT and other information, communication, and technology, particularly in automobiles, as well as government measures to promote their adoption and integration.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global automotive V2X market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global automotive V2X market are Autotalks Ltd, Altran, HARMAN International, Continental AG, NXP Semiconductors, Infineon Technologies AG, Robert Bosch GmbH, Qualcomm Technologies, Inc., STMicroelectronics, Savari, Inc., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs

 Recent Development

• In August 2024, NISSAN Motor announced that they are ready to install FERMATA energy, with the V2X platform. It is seen in the upcoming NISAAN LEAF vehicle.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global automotive V2X market based on the below-mentioned segments:

 Global Automotive V2X Market, By Connectivity Type

• DSRC
• Cellular
• Others

 Global Automotive V2X Market, By Communication Type

• Vehicle-to-Vehicle (V2V)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Pedestrian (V2P)
• Others

Global Automotive V2X Market, Regional

• North America

• • US
  • Canada
  • Mexico

• Europe

• • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific

• • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America

• • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa

• • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

 Global Automotive V2X Market Size, Share, and COVID-19 Impact Analysis, By Connectivity Type (DSRC, Cellular, and Others), By Communication Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Global Semi-Automatic Transmission Market Size, Share, and COVID-19 Impact Analysis, By Transmission (Dual-Clutch Transmission (DCT), Automated Manual Transmission (AMT)), By Vehicle (Passenger Cars, Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Global Customized Car Market Size, Share, and COVID-19 Impact Analysis, By Type (Overall Modification, Local Modification), By Category (Performance, Cosmetic), By Vehicle (Sports Cars, Sedans, Sports Utility Vehicle (SUVs), Trucks, Motorcycles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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