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Automotive V2X Market
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Automotive V2X Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2001020, Published - July 2025

Segmented in Technology (DSRC, Cellular V2X), Communication Type (Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Vehicle-to-Pedestrian, Vehicle-to-Network, Others), Applications, Vehicle Type and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Automotive V2X Market Outlook

The growing field of Automotive V2X (Vehicle to Everything) is set to transform the transportation sector by driving forward the advancements in a technology focused societys growth and development. The market, for Automotive v2x was estimated at $2.2 billion in 2024. It is anticipated to increase to $24.7 billion by 2030 with projections indicating a growth to around $186.7 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 49.8% over the forecast period. This innovative communication technology holds the potential to redefine the way vehicles communicate with each other and their surroundings by offering levels of safety, reliability and ease, in our everyday travels.


With its wide range of connectivity options and capabilities in playt here are two aspects to Automotive VEX technology. VEX to VEX (Vehicle to Vehicle ) and VEX to I (Vehicle to Infrastructure). These components work together to enable the development of self driving cars The progression of this cutting edge trend has been remarkable in times thanks, to the arrival of 5th generation wireless technology leading to faster communication speeds, lower delays and better detection of nearby objects.


Market Size Forecast & Key Insights

2019
$2.2B2024
2029
$124B2034

Absolute Growth Opportunity = $122B

The Automotive V2X market is projected to grow from $2.2 billion in 2024 to $124 billion in 2034. This represents a CAGR of 49.8%, reflecting rising demand across Vehicle to Vehicle Communication (V2V), Connected Infotainment Services and Intelligent Traffic System (ITS).

The Automotive V2X market is set to add $122 billion between 2024 and 2034, with service providers targeting Vehicle-to-Infrastructure & Vehicle-to-Pedestrian Communication Type projected to gain a larger market share.

With Increasing adoption of advanced technologies, and Government regulations and initiatives, Automotive V2X market to expand 5590% between 2024 and 2034.

Opportunities in the Automotive V2X Market

Integration with Electric and Autonomous Vehicles

The emerging and quickly expanding sector of self driving vehicles offers an exciting opportunity for Vehicular, to Everything technology.

Smart Traffic Management Systems and Enhanced Driver Safety Mechanism

Given the urban development and increasing number of vehicles on the roads today presents a promising chance for implementing Vehicle to Vehicle technology in smart traffic control systems! An effective system that can manage traffic flow effectively by offering real time route suggestions and minimizing congestion would not boost efficiency but also play a vital role, in promoting environmental sustainability through lower CO₂ emissions.

Despite the progress in technology today and despite all the advancements weve made far in that realm road accidents continue to be a significant issue worldwide that we are grappling with. This has led to a growing recognition and realization of the importance of combining V two X technology with driver assistance systems . By enabling communication among vehicles pedestrians and infrastructure V two X has the potential to warn drivers about potential collisions, road dangers and much more. This could lead to improvements in ensuring vehicular safety for everyone, on the road.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's automotive VTX market is significantly influenced by leading car manufacturers and a notable emphasis on improving road safety using technology along with regulations in place to support this cause efficiently. The market is highly competitive with VTX technology mostly integrated into premium vehicles. There are chances, for development by extending these technologies to a wider range of vehicles and the increasing popularity of connected transportation solutions.

North America Outlook

In North America— in the United States—the Automotive Vehicular to Everything market stands out with its focus on autonomous vehicle studies and the seamless incorporation of Vx technology aided by strict safety regulations imposed by the government officials there. This region's market scenario is characterized by research and development efforts that spawn patents and encourage technological partnerships—ultimately paving the way for significant growth prospects in various sectors such, as smart city initiatives and the rollout of 5th generation wireless technology.

North America Outlook

In North America— in the United States—the Automotive Vehicular to Everything market stands out with its focus on autonomous vehicle studies and the seamless incorporation of Vx technology aided by strict safety regulations imposed by the government officials there. This region's market scenario is characterized by research and development efforts that spawn patents and encourage technological partnerships—ultimately paving the way for significant growth prospects in various sectors such, as smart city initiatives and the rollout of 5th generation wireless technology.

Europe Outlook

In Europe's automotive VTX market is significantly influenced by leading car manufacturers and a notable emphasis on improving road safety using technology along with regulations in place to support this cause efficiently. The market is highly competitive with VTX technology mostly integrated into premium vehicles. There are chances, for development by extending these technologies to a wider range of vehicles and the increasing popularity of connected transportation solutions.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Germany, China, Japan, South Korea are expected to grow at 47.8% to 69.7% CAGR

2

Emerging Markets : India, Brazil, South Africa are expected to grow at 37.3% to 51.8% CAGR

Market Analysis Chart

The popularity of Automotive V​ehicle to Everything (V​ technology is on the rise due to three factors; enhancing safety measures on the road​s​ improving traffic flow efficiency​​ and technological progressions​​. To begin with​ adopting V​ leads to a driving environment by enabling vehicles to interact with each other and various road components as well as pedestrians about any potential dangers or risks, in advance​​. The capability to anticipate and warn drivers about situations effectively lowers the chances of accidents occurring and ultimately saves lives.

Recent Developments and Technological Advancement

December 2024

GM revealed that they will be integrating Vehicle, to X ( communication technology in all their 2025 vehicle lineup.

October 2024

Ford and Qualcomm teamed up to introduce Cellular Vehicle to Vehicle technology to enhance the safety of roads.

June 2024

Harman International has unveiled a cutting edge Vehicular to everything solutionthat'sready for 5th generation networks to enhance communication, in self driving vehicles.

The Vehicular communication market has seen progress lately due to the increased emphasis on automotive connectivity and the development of self driving cars as key areas of focus. The emergence and swift expansion of 5th generation technology is among the trends, in this field.

Impact of Industry Transitions on the Automotive V2X Market

As a core segment of the Automotive industry, the Automotive V2X market develops in line with broader industry shifts. Over recent years, transitions such as Shift to Electric Vehicles and Integration of AI and IoT have redefined priorities across the Automotive sector, influencing how the Automotive V2X market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift to Electric Vehicles:

The worldwide Automotive VTX market is experiencing impact from the shift to electric cars. The emphasis on creating connections and communication setups within these vehicles is crucial for ensuring safe data transfer and enabling intelligent charging methods that are propelling market expansion. Electric vehicles and VTX technology mutually support one another – where VTX boosts EV effectiveness and EV uptake stimulates increased interest, in VTX solutions. VTX technology has the capability to regulate energy usage according-to traffic conditions resulting in environmentally friendly and effective driving practices.

2

Integration of AI and IoT:

AI along with the IOT is having an impact on the current evolution of the Automotive Vehicular, to Everything .

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Automotive industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Automotive industry cascade into the Automotive V2X market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Adoption of Advanced Technologies, and Surge in Demand for Real-Time Traffic and Incident Alerts

The automotive sector is also seeing a rise in the integration of cutting edge technologies such, as AI and the IOT . These innovations are also reshaping vehicles into smart and interconnected systems that enhance safety and efficiency while improving the overall driving experience.
As traffic jams worsen globally the need for traffic control and accident notifications is also, on the rise.
Countries worldwide are also introducing rules to improve the safety and efficiency of vehicles leading to the advancement and use of Vehicular to Everything technologies. These guidelines are also designed to boost road safety and alleviate traffic congestion fostering the expansion of V ̶ to Everything solutions, within transportation networks and urban areas.

Restraint: Cybersecurity Concerns

The Automotive VTX technology includes sharing information between vehicles and other entities that impact them bidirectionally; nevertheless this interaction raises concerns about cyber attacks possibility. Even with cybersecurity progressions made due, to threats the market growth faces a major challenge. The apprehension of scenarios where vehicles are hacked and manipulated remotely could potentially impede consumers willingness to adopt VTX technologies consequently hindering market expansion.

Challenge: High Infrastructure Costs

Implementating and advancing Vehicular to everything technology demands funding for infrastructure enhancements. The process of updating transportation systems to support V technology incurs substantial expenses such as investment, in V communication systems roadside communication units and backend servers.

Supply Chain Landscape

Component Manufacturing

NXP Semiconductors

Continental AG

Test Equipment Production

Tektronix

Rohde & Schwarz

Firmware Development
Cohda Wireless / Savari Inc
End-User Automotive Industries
General Motors / Volkswagen Group
Component Manufacturing

NXP Semiconductors

Continental AG

Test Equipment Production

Tektronix

Rohde & Schwarz

Firmware Development

Cohda Wireless

Savari Inc

End-User Automotive Industries

General Motors

Volkswagen Group

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Vehicle Safety and Collision Avoidance
Automotive and Transportation
Continental AG, Qualcomm
Deploying advanced sensor technologies and AI-driven algorithms for real-time analytics and decision-making
Traffic Management and Efficiency
Infrastructure and Public Policy
Kapsch TrafficCom, Cisco Systems
Implementing cloud-based platforms for seamless vehicle-infrastructure communication, focusing on optimizing urban traffic flow
Autonomous and Assisted Driving
Automotive and AI Technology
Waymo, Nvidia
Investing heavily in R&D for AI and machine learning technologies, working on perfecting V2X for autonomous driving
Fleet Management
Logistics and Supply Chain
TomTom, Garmin
Developing GPS enabled V2X solutions for real-time fleet tracking and operations optimization

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Automotive V2X market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Automotive V2X in Connected Infotainment Services, Vehicle to Vehicle Communication (V2V) and Intelligent Traffic System (ITS)

Connected Infotainment Services

Connected infotainment services are a product of V2X technology that offers both entertainment and informative features to enhance the driving experience by providing real time traffic updates and weather reports along with navigation services and streaming media content for an enjoyable ride, with connectivity while traveling.

Vehicle to Vehicle Communication (V2V)

Vehicle to Vehicle communication technology plays a role in Automotive Vehicular Communication applications facilitating the real time exchange of information between vehicles to alert them about potential dangers or upcoming collisions thereby minimizing the risk of accidents and improving overall road safety standards. Prominent industry players like General Motors and Audi AG are leading the way in utilizing Vehicular Communication capabilities, within their vehicle fleets.

Intelligent Traffic System (ITS)

Automotive Vehicular to everything technology plays a role in improving traffic management and efficiency through Intelligent Transportation Systems . By utilizing traffic information to enhance traffic signal coordination and alleviate congestion issues while ensuring seamless vehicle flow on the roads. One distinctive aspect of ITS is its ability to harmonize with city frameworks for enhancing urban transportation networks. Key industry leaders such as Siemens and Cisco are at the forefront of implementing ITS solutions integrated with Vehicular, to everything technology.

Automotive V2x vs. Substitutes:
Performance and Positioning Analysis

Automotive Vehicular Communication enables vehicles to communicate with each other for enhanced road safety compared to traditional RADAR or LIDAR systems. VVC stands out in the autonomous vehicle market due, to its promising growth opportunities focusing on safety and efficiency features.

Automotive V2X
  • Cellular Vehicle to Everything /
  • Dedicated Short Range Communications
    Improved road safety, Enhanced traffic efficiency
    High implementation costs, Dependence on extensive infrastructure upgrades
    Enhanced safety features, Eco-friendly initiatives
    Significant infrastructural changes, High implementation costs

Automotive V2x vs. Substitutes:
Performance and Positioning Analysis

Automotive V2X

  • Improved road safety, Enhanced traffic efficiency
  • High implementation costs, Dependence on extensive infrastructure upgrades

Cellular Vehicle to Everything / Dedicated Short Range Communications / Autonomous Sensor Based Technologies

  • Enhanced safety features, Eco-friendly initiatives
  • Significant infrastructural changes, High implementation costs

Automotive Vehicular Communication enables vehicles to communicate with each other for enhanced road safety compared to traditional RADAR or LIDAR systems. VVC stands out in the autonomous vehicle market due, to its promising growth opportunities focusing on safety and efficiency features.

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Research Methodology

This market research methodology defines the Automotive V2X market scope, captures reliable data, and validates findings through integrated primary and secondary research. The framework ensures accurate market sizing, demand-supply analysis, and competitive benchmarking specific to service-driven business models.


Secondary Research Approach


We begin secondary research by defining the targeted market at both global and regional levels. Positioned within the Automotive ecosystem, we analyze Automotive V2X adoption across Collision Avoidance, Traffic Management, and Emergency Vehicle Notification Applications. Data is systematically collected from Professional Associations, Industry-specific Service Registries, company annual reports, country level ministerial sources and other credential sources, enabling detailed mapping of service delivery models, pricing structures, regulatory compliance, and technology enablers.


Key Sources Referenced:


We benchmark service providers such as Qualcomm Technologies Inc, Continental AG, and Intel Corporation, using industry databases, client case studies, annual reports, and partnership disclosures. This secondary research identifies market drivers and constraints, providing the foundation for validation through primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Component Manufacturing, Test Equipment Production, and Firmware Development. Our geographic coverage spans Americas (45%), Europe (30%), and Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally secure a 70% response rate, while in-depth interviews achieve 84% engagement, ensuring a 91% confidence level with ±8.5% margin of error.


Through targeted questionnaires and in-depth interviews, we capture customer satisfaction, vendor selection criteria, service delivery effectiveness, outsourcing vs in-house trade-offs, and post-service value realization. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate the global Automotive revenues to estimate the Automotive V2X segment, guided by enterprise spending, outsourcing penetration, and service intensity ratios. In the Bottom-up approach, we aggregate project-level, contract-level, and client-spending data at the country and industry levels to construct detailed adoption models. By reconciling both methods, we ensure forecast accuracy and statistical robustness.


We evaluate the service value chain, covering Component Manufacturing (NXP Semiconductors, Continental AG), Test Equipment Production (Tektronix, Rohde & Schwarz), and Firmware Development. Our parallel substitute analysis examines alternative models such as Cellular Vehicle to Everything, Dedicated Short Range Communications, and Autonomous Sensor Based Technologies, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading service providers such as Qualcomm Technologies Inc, Continental AG, and Intel Corporation, evaluating their strengths in workforce capacity, global delivery centers, client engagement models, pricing competitiveness, and digital transformation capabilities. By analyzing company revenues, service portfolios, and client contracts, we derive comparative market shares, competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, contract analysis, and company benchmarking, supported by our proprietary Directional Superposition methodology, ensures us precise forecasts and actionable strategic insights into the Automotive V2X market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Automotive V2X Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 3.3 billion
Revenue Forecast in 2034USD 124 billion
Growth RateCAGR of 49.8% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20242.2 billion
Growth OpportunityUSD 122 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20242.2 billion USD
Market Size 20277.4 billion USD
Market Size 202916.5 billion USD
Market Size 203024.7 billion USD
Market Size 2034124 billion USD
Market Size 2035186 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredTechnology, Communication Type, Applications, Vehicle Type
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledQualcomm Technologies Inc, Continental AG, Intel Corporation, NXP Semiconductors, Delphi Technologies, Robert Bosch GmbH, Infineon Technologies AG, TomTom International BV, Harman International, Cisco Systems Inc, AUDI AG and BMW AG
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Automotive V2X Market Size, Opportunities & Strategic Insights, by Technology

4.1DSRC
4.2Cellular V2X
Chapter 5

Automotive V2X Market Size, Opportunities & Strategic Insights, by Communication Type

5.1Vehicle-to-Vehicle
5.2Vehicle-to-Infrastructure
5.3Vehicle-to-Pedestrian
5.4Vehicle-to-Network
5.5Others
Chapter 6

Automotive V2X Market Size, Opportunities & Strategic Insights, by Applications

6.1Collision Avoidance
6.2Traffic Management
6.3Emergency Vehicle Notification
6.4ADAS
6.5Fleet & Asset Management
6.6Others
Chapter 7

Automotive V2X Market Size, Opportunities & Strategic Insights, by Vehicle Type

7.1Passenger Cars
7.2Commercial Vehicles
Chapter 8

Automotive V2X Market, by Region

8.1North America Automotive V2X Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Automotive V2X Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Automotive V2X Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Automotive V2X Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Automotive V2X Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Automotive V2X Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Qualcomm Technologies Inc
9.2.2Continental AG
9.2.3Intel Corporation
9.2.4NXP Semiconductors
9.2.5Delphi Technologies
9.2.6Robert Bosch GmbH
9.2.7Infineon Technologies AG
9.2.8TomTom International BV
9.2.9Harman International
9.2.10Cisco Systems Inc
9.2.11AUDI AG
9.2.12BMW AG