V2X Market by Vehicle Type (PC, CV), V2X Communication Type (V2I, V2V+V2I, V2V+V2N), V2X Charging Type (V2L, V2H+V2L), Connectivity (CV2X, DSRC), Propulsion (ICE, EV), Offering, Technology, Fitment, Unit, and Region - Global Forecast to 2035

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USD 4.05
MARKET SIZE, 2035
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CAGR 26.1%
(2026-2035)
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350
REPORT PAGES
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250
MARKET TABLES

OVERVIEW

automotive-vehicle-to-everything-v2x-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The V2X market is projected to grow from USD 0.50 billion in 2026 to USD 4.05 billion by 2035, at a CAGR of 26.1%. The market is transitioning toward connected mobility systems, driven by regulatory mandates, C-V2X communication, 5G-based vehicle connectivity, and intelligent transportation infrastructure. Market growth is supported by government-funded V2X programs, OEM integration of communication units, and rising demand for low-latency vehicle-to-vehicle and vehicle-to-infrastructure messaging. Adoption of C-V2X chipsets, onboard units (OBUs), roadside units (RSUs), and cellular positioning technologies is expanding safety applications such as intersection collision warnings, emergency braking alerts, vulnerable road user detection, and road hazard notifications. Increasing deployment of 5G NR V2X, cooperative perception, and edge computing is enabling more advanced applications that require real-time sharing of vehicle and infrastructure data. Asia Pacific remains a leading regional market, driven by China's vehicle road cloud integration initiatives, Japan's cooperative intelligent transport systems, South Korea's connected mobility programs, and growing smart transportation investments in India.

KEY TAKEAWAYS

  • By Region
    Asia Pacific is projected to lead the V2X market during the forecast period. This segment is projected to grow from USD 0.33 billion in 2026 to USD 2.88 billion in 2035 at a CAGR of 27.3%.
  • By Vehicle Type
    The passenger cars segment is projected to lead the V2X market during the forecast period. This segment is projected to grow from USD 5.41 billion in 2026 to USD 39.33 billion by 2033 at a CAGR of 24.8%.
  • By Propulsion
    The EV segment is projected to lead the V2X market during the forecast period. This segment is projected to grow from USD 0.90 billion in 2026 to USD 2.25 billion in 2035 at a CAGR of 31.8%.
  • By Communication Type
    The V2V+V2N segment is projected to lead the V2X market during the forecast period. This segment is projected to grow from USD 0.18 billion in 2026 to USD 1.63 billion by 2035 at a CAGR of 27.9%.
  • By Connectivity Type
    The C-V2X segment is projected to lead the V2X market during the forecast period.
  • By Offering Type
    The software segment is projected to lead the V2X market during the forecast period.
  • By Technology
    The Automated Driver Assistance segment is projected to lead the V2X market during the forecast period.
  • By V2X Charging Type
    The V2L segment is projected to lead the V2X market during the forecast period.
  • By Unit
    The Onboard unit segment is projected to lead the V2X market during the forecast period.
  • Competitive Landscape
    The V2X market is dominated by key players, such as Qualcomm Incorporated (US), HARMAN International (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors (Netherlands), and AUMOVIO SE (Germany).
  • Competitive Landscape
    The V2X market is dominated by other key players, such as Marben Products (France), Capgemini (France), Nokia Corporation (Finland), Ficosa Internacional (Spain), and Vector Informatik GmbH (Germany).

The V2X market is expected to be driven by C-V2X integration, 5G NR V2X development, connected road infrastructure investments, and OEM demand for cooperative safety systems. OBUs, RSUs, V2X chipsets, and antennas will see broader adoption across V2V, V2I, and V2N communication applications. Growth opportunities will center on retrofit V2X units, software-upgradeable communication modules, cooperative perception, and edge computing, supporting collision warnings, intersection safety, and real-time hazard detection across passenger cars and commercial vehicles.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The V2X market is shifting from standalone vehicle communication systems toward integrated, connected, and cooperative mobility solutions. Traditional vehicle connectivity is increasingly complemented by C-V2X, 5G NR V2X, vehicle-to-infrastructure communication, roadside units, edge computing, and cooperative perception technologies. OEMs, Tier 1 suppliers, semiconductor companies, and infrastructure operators are adopting these solutions to improve road safety, enable real-time hazard warnings, support traffic management, and advance connected and automated driving. This transition is creating revenue opportunities across V2X chipsets, onboard units, roadside infrastructure, software platforms, cybersecurity, and connectivity services, while enabling faster hazard detection, improved traffic efficiency, enhanced interoperability, and greater integration between vehicles, roads, and communication networks.

automotive-vehicle-to-everything-v2x-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • V2X becoming complementary perception layer for ADAS and automated driving
  • Integration of C-V2X directly into next-generation automotive E/E and connectivity architectures
RESTRAINTS
Impact
Level
  • Low V2X penetration creates “network-effect” barrier to value realization
  • Interoperability, cybersecurity, and trust requirements complicate large-scale deployment  
OPPORTUNITIES
Impact
Level
  • Retrofitting existing vehicles with aftermarket V2X devices
  • Commercialization of V2X-enabled smart corridors and connected intersections
CHALLENGES
Impact
Level
  • Unclear commercial ownership and monetization of V2X services
  • Lack of interoperability across vehicle and infrastructure ecosystems

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: V2X becoming complementary perception layer for ADAS and automated driving

Growing adoption of advanced driver assistance systems (ADAS) and automated driving technologies is increasing demand for V2X communication solutions that complement onboard sensors such as cameras, radar, and LiDAR. V2X enables vehicles to exchange real-time information about road hazards, traffic signals, surrounding vehicles, and vulnerable road users, improving situational awareness, collision avoidance, and cooperative driving capabilities.

Restraint:Low V2X penetration creates “network-effect” barrier to value realization

Limited deployment of V2X-enabled vehicles and roadside infrastructure restricts the effectiveness of V2X communication systems. The benefits depend on widespread adoption across vehicles, road infrastructure, and connected traffic networks. Differences in communication standards, infrastructure readiness, and regional deployment rates can delay adoption and limit near-term returns on investment for automotive manufacturers and technology providers.

Opportunity: Retrofitting existing vehicles with aftermarket V2X devices

Retrofitting existing vehicles with aftermarket V2X communication devices creates opportunities for suppliers to expand adoption beyond newly manufactured vehicles. Aftermarket onboard units and retrofit communication modules can enable vehicle-to-vehicle and vehicle-to-infrastructure messaging, supporting hazard alerts, intersection safety, and traffic information services. Fleet operators, commercial vehicle owners, and public transport providers represent potential customer groups for retrofit solutions.

Challenge: Unclear commercial ownership and monetization of V2X services

The V2X market faces challenges in establishing clear revenue models and commercial ownership across automotive OEMs, semiconductor suppliers, telecom operators, infrastructure providers, software developers, and public authorities. Uncertainty over who funds roadside infrastructure, manages connected data, and pays for ongoing services can slow commercialization. Suppliers must establish viable business models through hardware sales, software licensing, connectivity subscriptions, data services, and partnerships while addressing cybersecurity, privacy, interoperability, and deployment costs.

V2X MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
company logo
Develops C V2X chipsets, connectivity platforms, and communication technologies that enable vehicle-to-vehicle, vehicle-to-infrastructure, and vehicle-to-pedestrian communication. Low latency communication, improved road safety, real-time hazard alerts, and support for connected and automated vehicles.
company logo
Provides automotive connectivity solutions, connected vehicle platforms, and V2X technologies for communication between vehicles and surrounding infrastructure. Enhanced driver awareness, improved traffic safety, real-time information sharing, and seamless vehicle connectivity.
company logo
Develops intelligent vehicle connectivity solutions, C V2X technologies, and communication infrastructure supporting connected transportation and intelligent road systems. Improved traffic management, reduced collision risks, enhanced road efficiency, and reliable communication between vehicles and infrastructure.
company logo
Supplies automotive V2X chipsets, secure communication technologies, and semiconductor solutions for onboard vehicle units and roadside infrastructure. Secure data exchange, low latency communication, improved intersection safety, and support for intelligent transportation systems.
company logo
The company name requires confirmation. If this refers to an automotive technology or connectivity supplier, its use case should be aligned with its specific V2X products and services. Benefits depend on the company's actual V2X portfolio and should be verified before inclusion in the report.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The V2X market ecosystem comprises vehicle OEMs, engineering service providers, V2X solution providers, OBU and RSU suppliers, and antenna suppliers that collaborate to develop, integrate, and deploy connected vehicle communication technologies. Vehicle OEMs, including Volkswagen, General Motors, and Hyundai, integrate V2X technologies into connected vehicle platforms. Engineering service providers such as FEV, Capgemini Engineering, and Altran support system engineering, software development, and vehicle integration. V2X solution providers, including Qualcomm, NXP Semiconductors, and STMicroelectronics, supply communication chipsets and connectivity technologies, while OBU and RSU suppliers such as Harman, Autotalks, and other specialized providers support vehicle and infrastructure communication. V2X providers, including Qualcomm, NXP, STMicroelectronics, and Cohda Wireless, contribute to communication platforms and V2X technology development. Antenna suppliers such as Molex and Laird Connectivity provide RF components that enable reliable wireless communication between vehicles, roadside infrastructure, and network systems.

automotive-vehicle-to-everything-v2x-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

automotive-vehicle-to-everything-v2x-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

By Vehicle Type

Passenger cars account for significant V2X demand due to high production volumes and increasing integration of connected safety features. LCVs are adopting V2X for fleet safety and urban logistics, while HCVs offer opportunities in collision prevention, platooning, and highway traffic coordination.

By Propulsion

ICE vehicles contribute through high production volumes, while hybrid and electric vehicles support the integration of connected safety and intelligent mobility functions. BEVs offer opportunities for V2X integration through advanced electronic architectures and connected vehicle platforms.

By V2X Communication Type

V2V and V2I communication support collision warnings, intersection safety, and infrastructure alerts. V2N enables cloud connectivity, traffic information, and hazard notifications, while combined communication configurations support broader connected mobility applications.

By Connectivity Type

DSRC supports short-range safety messaging, while C-V2X enables direct vehicle communication and network connectivity. 5G NR V2X is gaining importance for advanced cooperative driving, low-latency data exchange, and future automated driving applications.

By Offering Type

Hardware accounts for demand for OBUs, RSUs, chipsets, and antennas. Software supports communication protocols, cybersecurity, and data processing, while services cover system integration, testing, deployment, and maintenance.

By Technology Type

C-V2X remains a key technology for connected vehicle communication, supported by direct communication and cellular network connectivity. 5G NR V2X, cooperative perception, edge computing, and advanced positioning are expanding capabilities for real-time hazard detection and cooperative driving.

By V2X Charging Type

V2L enables electric vehicles to supply power to external devices and equipment, creating opportunities for connected power management and load monitoring. V2G supports bidirectional electricity flow between vehicles and the grid, while V2H enables vehicle batteries to power residential loads. V2X communication supports coordination between vehicles, charging infrastructure, and energy management systems for optimized power distribution and real-time monitoring.

By Fitment Type

OEM fitment is supported by factory integration of V2X modules into vehicle electronic architectures. Aftermarket fitment offers retrofit opportunities for existing vehicles and commercial fleets, particularly where connected safety deployment requires upgrades to vehicles already in operation.

By Unit

OBUs account for vehicle-to-vehicle communication demand, enabling V2V messaging, infrastructure connectivity, and real-time safety alerts. RSUs support infrastructure-side communication by transmitting signal phase and timing data, road hazard warnings, and traffic information. Integrated telematics units with embedded V2X capabilities offer OEMs opportunities to reduce hardware duplication and simplify vehicle integration.

REGION

Asia Pacific is leading the automotive V2X market

Asia Pacific holds the largest share of the V2X market, led by China, Japan, and other Southeast Asian countries, supported by high vehicle production, government-backed intelligent transportation initiatives, and expanding connected vehicle infrastructure. China leads regional adoption through vehicle road cloud integration projects and C-V2X deployment, while Japan and South Korea advance cooperative intelligent transport systems and connected vehicle technologies. India and Southeast Asia present growth opportunities through smart city projects, highway connectivity, and increasing demand for vehicle safety applications. Growing investments in roadside units, 5G connectivity, and vehicle communication systems are supporting regional market expansion.

automotive-vehicle-to-everything-v2x-market Region

V2X MARKET: COMPANY EVALUATION MATRIX

Qualcomm is categorized as a Star player in the V2X market, supported by its strong position in C-V2X chipsets, connected vehicle platforms, and cellular communication technologies. Its V2X solutions enable vehicle-to-vehicle, vehicle-to-infrastructure, and vehicle-to-network communication for collision avoidance, cooperative driving, and real-time road safety alerts. By integrating 5G connectivity, positioning, and automotive computing capabilities, and collaborating with global automotive manufacturers, it strengthens its market position. Bosch is categorized as a key Emerging player in the V2X market, supported by its automotive electronics, connected mobility, and intelligent transportation system capabilities. Its expertise in vehicle connectivity, automotive system integration, and road safety technologies supports the development of connected vehicle applications. Established OEM relationships and growing demand for interoperable communication systems create opportunities for Bosch to expand its presence in the global V2X market.

automotive-vehicle-to-everything-v2x-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 0.40 Billion
Market Size in 2026 (Value) USD 0.50 Billion
Market Forecast in 2035 (Value) USD 4.05 Billion
Growth Rate CAGR of 26.1% from 2026–2035
Years Considered 2022–2035
Base Year 2025
Forecast Period 2026-2035
Units Considered Value (USD Million), Volume (Thousand Units)
Report Coverage Revenue Forecast, Competitive Landscape, Company Share, Growth Factors and Trends
Segments Covered By Offering, By V2X Charging, By Propulsion, By V2X Communication, By Connectivity, By Vehicle Type, By Unit, By Fitment, By Technology
Regional Scope Asia Pacific, North America, Europe, and Rest of the World

WHAT IS IN IT FOR YOU: V2X MARKET REPORT CONTENT GUIDE

automotive-vehicle-to-everything-v2x-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
V2X Market Segmentation Developed separate analysis by communication type, including V2I, V2V + V2I, V2V + V2N, and V2V + V2I + V2N, along with hardware, software, and services. Helps prioritize high growth communication segments and technology opportunities.
V2X Demand Drivers Mapped demand drivers including connected vehicle adoption, ADAS integration, automated driving, road safety requirements, 5G connectivity, intelligent transportation systems, and government initiatives. Supports technology planning, market entry, and investment decisions.
OEM and Supplier Benchmarking Benchmarked automotive OEMs, Tier 1 suppliers, semiconductor manufacturers, connectivity providers, and V2X technology companies based on product portfolios, communication technologies, partnerships, and market presence. Enables competitive positioning and partnership evaluation.
Vehicle Platform Analysis Assessed V2X requirements across passenger cars, SUVs, LCVs, HCVs, buses, and commercial vehicle fleets, considering connectivity architecture, onboard units, communication standards, and vehicle integration requirements. Identifies platform specific connectivity requirements and future technology needs.
Application Level Insights Analyzed demand across vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-network, and vehicle-to-pedestrian applications, including collision avoidance, traffic signal coordination, hazard alerts, cooperative driving, and connected mobility services. Supports targeted product development and application specific positioning.
Regional Market Deep Dive Delivered country-level analysis covering V2X-enabled vehicle sales, communication technology adoption, connected road infrastructure, regulatory frameworks, 5G deployment, OEM presence, and supplier activity across key regional markets. Supports regional expansion, investment planning, and market prioritization.
Regulatory and Compliance Assessment Evaluated regional V2X regulations, spectrum allocation, communication standards, cybersecurity requirements, data privacy rules, and vehicle safety frameworks across the US, Europe, China, Japan, and other key markets. Identifies compliance driven demand and reduces regulatory and market entry risks.
V2X Technology Mapping Mapped DSRC and C-V2X technologies, including 4G LTE V2X, 5G NR V2X, onboard units, roadside units, communication chipsets, antennas, cloud connectivity, and edge computing solutions. Improves technology visibility and supports future product development and partnership strategies.
Technology Investment Analysis Assessed investment trends across V2X chipsets, 5G connectivity, connected vehicle platforms, cybersecurity, cooperative driving technologies, roadside infrastructure, and software-based V2X services. Identifies emerging technologies and future investment opportunities.
CAPEX and Deployment Analysis Evaluated infrastructure deployment costs, onboard unit integration, roadside unit installation, communication network requirements, software development, cybersecurity investments, and ongoing maintenance costs. Supports infrastructure planning, technology investment, deployment decisions, and cost optimization.
Strategic Recommendations Provided recommendations on communication technology priorities, OEM targeting, supplier partnerships, regional expansion, infrastructure collaboration, software monetization, and V2X ecosystem development. Enables informed investment decisions, stronger competitive positioning, and sustainable market growth.

RECENT DEVELOPMENTS

  • July 2026 : BMW Group named Qualcomm as its lead compute silicon provider for digital cockpit and next-generation ADAS and automated driving systems for the next decade. The agreement covers unified compute platforms across vehicle domains, supporting connected, automated driving, and future V2X-capable architectures.
  • July 2026 : Qualcomm Technologies collaborated with Hyundai Mobis to demonstrate a V2X solution designed to detect non-line-of-sight hazards, including obstructed vehicles and two-wheelers, enabling earlier warnings and supporting braking interventions to improve road safety.
  • May 2026 : Stellantis and Qualcomm expanded their multi-year technology partnership for next-generation vehicle architectures. Stellantis will adopt Snapdragon Digital Chassis driver assistance, cockpit, and connectivity platforms across brands, enabling unified compute, connected services, and ADAS features that support future C-V2X and broader V2X capabilities.
  • April 2026 : Bosch and Qualcomm extended their strategic partnership into advanced driver-assistance systems, agreeing to co-develop scalable, cost-optimized vehicle ADAS solutions. The partnership targets camera, radar, and domain controller platforms that support higher levels of automation
  • Jan 2026 : HARMAN announced enhanced Ready Aware safety capabilities that use existing 4G/5G connectivity and machine-learning-based alert confidence to improve road-hazard awareness and reduce false alerts.
  • August 2025 : Cohda Wireless and Danlaw formed a collaboration with Integrity Security Services to demonstrate secure vehicle-to-network-to-everything communications using routelink RSUs and SCMS security technology.
  • March 2025 : HARMAN formed a technology collaboration with HERE Technologies to develop direct and cloud-based V2X driver-assistance systems for road-hazard alerts, wrong-way-driver warnings, and support for evolving Euro NCAP requirements.

 

Table of Contents

checkmarkExclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Highlights the market structure, growth drivers, restraints, and near-term inflection points influencing performance.
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
4.2.4
CHALLENGES
 
 
 
4.3
UNMET NEEDS AND WHITE SPACES
 
 
 
 
4.4
V2X-ENABLED COOPERATIVE PERCEPTION & AUTOMATED DRIVING
 
 
 
 
 
 
4.4.1.1
SENSOR AUGMENTATION
 
 
 
 
4.4.1.2
NON-LINE-OF-SIGHT PERCEPTION
 
 
 
 
4.4.1.3
INTERSECTION AWARENESS
 
 
 
 
4.4.1.4
VRU DETECTION
 
 
 
 
4.4.1.5
EMERGENCY-VEHICLE ALERTS
 
 
 
 
4.4.1.6
PLATOONING AND L2+/L3 APPLICATIONS
 
5
INDUSTRY TRENDS
This section summarizes market dynamics, key shifts, and high-impact trends shaping demand outlook.
 
 
 
 
 
5.1
MACROECONOMIC INDICATORS
 
 
 
 
 
5.1.1
INTRODUCTION
 
 
 
 
5.1.2
GDP TRENDS AND FORECAST
 
 
 
 
5.1.3
TRENDS IN AUTOMOTIVE V2X MARKET
 
 
 
 
5.1.4
TRENDS IN AUTOMOTIVE INDUSTRY
 
 
 
5.2
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.3
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.4
PRICING ANALYSIS
 
 
 
 
 
 
5.4.1
INDICATIVE PRICING ANALYSIS, BY OFFERING, 2024-2026
 
 
 
 
5.4.2
INDICATIVE PRICE TREND, BY REGION, 2024–2026
 
 
 
5.5
KEY CONFERENCES & EVENTS, 2026-2027
 
 
 
 
5.6
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.7
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.8
BILL OF MATERIALS
 
 
 
 
5.9
CASE STUDY ANALYSIS
 
 
 
 
 
5.9.1
PILOT PROJECT ON VIRGINIA SMART ROAD
 
 
 
 
5.9.2
VEHICLE POSITIONING ACCURACY IN NEW YORK
 
 
 
 
5.9.3
TOWARDS ZERO ROAD SAFETY STRATEGY
 
 
 
 
5.9.4
PREPARING ROADS FOR AUTONOMOUS VEHICLES
 
 
 
 
5.9.5
PILOT PROJECT ON SAN DIEGO ROADWAYS
 
 
 
 
5.9.6
ECOCAR MOBILITY CHALLENGE
 
 
 
 
5.9.7
TRANSFORMING SNOW REMOVAL IN DENVER WITH V2X TECHNOLOGY
 
 
 
 
5.9.8
IMPLEMENTATION OF NISSAN LEAF IN DURHAM (US)
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
 
6.1.1
5G NR V2X
 
 
 
 
6.1.2
COOPERATIVE PERCEPTION / SENSOR SHARING
 
 
 
 
6.1.3
PREDICTIVE QOS & ADAPTIVE V2X
 
 
 
 
6.1.4
V2X AS A SERVICE
 
 
 
6.2
ADJACENT TECHNOLOGIES
 
 
 
 
 
6.2.1
EDGE COMPUTING / MEC FOR V2X
 
 
 
 
6.2.2
V2N2X / HYBRID DIRECT + NETWORK V2X
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
FUTURE APPLICATIONS
 
 
 
 
 
6.5.1
COOPERATIVE AUTONOMOUS DRIVING
 
 
 
 
6.5.2
REAL-TIME COOPERATIVE PERCEPTION
 
 
 
 
6.5.3
PREDICTIVE V2X
 
 
 
 
6.5.4
V2X + DIGITAL TWINS / DYNAMIC HD MAPS
 
 
 
 
6.5.5
COOPERATIVE TRAFFIC FLOW & INTERSECTION INTELLIGENCE
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
COUNTRY-WISE REGULATIONS
 
 
 
 
 
7.1.1.1
V2X SPECTRUM ALLOCATION
 
 
 
 
7.1.1.2
V2X TECHNOLOGY REGULATORY DIRECTION
 
 
 
 
7.1.1.3
C-ITS & AUTOMATED DRIVING REGULATIONS
 
 
 
7.1.2
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
8.4
BUYING CRITERIA
 
 
 
9
AUTOMOTIVE V2X MARKET, BY OFFERING
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
HARDWARE
 
 
 
 
9.3
SOFTWARE
 
 
 
 
9.4
KEY PRIMARY INSIGHTS
 
 
 
10
AUTOMOTIVE V2X MARKET, BY CHARGING
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
V2L
 
 
 
 
10.3
V2H
 
 
 
 
10.4
V2G
 
 
 
 
10.5
KEY PRIMARY INSIGHTS
 
 
 
11
AUTOMOTIVE V2X MARKET, BY PROPULSION
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
INTERNAL COMBUSTION ENGINE (ICE)
 
 
 
 
11.3
ELECTRIC VEHICLE (EV)
 
 
 
 
11.4
KEY PRIMARY INSIGHTS
 
 
 
12
AUTOMOTIVE V2X MARKET, BY COMMUNICATION
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
V2I
 
 
 
 
12.3
V2V+V2I
 
 
 
 
12.4
V2V+V2N
 
 
 
 
12.5
V2V+V2I+V2N
 
 
 
 
12.6
V2P
 
 
 
 
12.7
KEY PRIMARY INSIGHTS
 
 
 
13
AUTOMOTIVE V2X MARKET, BY VEHICLE TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
PASSENGER CARS
 
 
 
 
13.3
COMMERCIAL VEHICLES
 
 
 
 
13.4
KEY PRIMARY INSIGHTS
 
 
 
14
AUTOMOTIVE V2X MARKET, BY CONNECTIVITY
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
DEDICATED SHORT-RANGE COMMUNICATIONS (DSRC)
 
 
 
 
14.3
CELLULAR VEHICLE-TO-EVERYTHING (C-V2X)
 
 
 
 
14.4
KEY PRIMARY INSIGHTS
 
 
 
15
AUTOMOTIVE V2X MARKET, BY UNIT
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
15.1
INTRODUCTION
 
 
 
 
15.2
ON-BOARD UNIT (OBU)
 
 
 
 
15.3
ROADSIDE UNIT (RSU)
 
 
 
 
15.4
KEY PRIMARY INSIGHTS
 
 
 
 
15.5
INTRODUCTION
 
 
 
 
15.6
PLUG AND PLAY
 
 
 
 
15.7
RETROFIT
 
 
 
 
15.8
INTEGRATED FITMENT
 
 
 
 
15.9
KEY PRIMARY INSIGHTS
 
 
 
16
AUTOMOTIVE V2X MARKET, BY TECHNOLOGY
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
16.1
INTRODUCTION
 
 
 
 
16.2
AUTOMATED DRIVER ASSISTANCE
 
 
 
 
16.3
INTELLIGENT TRAFFIC SYSTEM
 
 
 
 
16.4
EMERGENCY VEHICLE NOTIFICATION
 
 
 
 
16.5
PASSENGER INFORMATION SYSTEM
 
 
 
 
16.6
FLEET & ASSET MANAGEMENT
 
 
 
 
16.7
PARKING MANAGEMENT SYSTEM
 
 
 
 
16.8
LINE OF SIGHT
 
 
 
 
16.9
NON-LINE OF SIGHT
 
 
 
 
16.10
BACKING
 
 
 
 
16.11
OTHERS
 
 
 
 
16.12
KEY PRIMARY INSIGHTS
 
 
 
17
AUTOMOTIVE V2X MARKET,, BY REGION
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
17.1
ASIA PACIFIC
 
 
 
 
 
17.1.1
CHINA
 
 
 
 
17.1.2
JAPAN
 
 
 
 
17.1.3
INDIA
 
 
 
 
17.1.4
SOUTH KOREA
 
 
 
17.2
EUROPE
 
 
 
 
 
17.2.1
GERMANY
 
 
 
 
17.2.2
FRANCE
 
 
 
 
17.2.3
SPAIN
 
 
 
 
17.2.4
ITALY
 
 
 
 
17.2.5
UK
 
 
 
17.3
NORTH AMERICA
 
 
 
 
 
17.3.1
US
 
 
 
 
17.3.2
CANADA
 
 
 
 
17.3.3
MEXICO
 
 
 
17.4
REST OF THE WORLD
 
 
 
 
 
17.4.1
BRAZIL
 
 
 
 
17.4.2
ARGENTINA
 
 
 
 
17.4.3
IRAN
 
 
18
COMPETITIVE LANDSCAPE
 
 
 
 
 
18.1
OVERVIEW
 
 
 
 
18.2
KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
 
 
 
 
18.3
MARKET SHARE ANALYSIS,
 
 
 
 
 
18.4
REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS,
 
 
 
 
 
18.5
BRAND/ PRODUCT COMPARISON
 
 
 
 
 
18.6
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
18.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
18.7.1
STARS
 
 
 
 
18.7.2
EMERGING LEADERS
 
 
 
 
18.7.3
PERVASIVE PLAYERS
 
 
 
 
18.7.4
PARTICIPANTS
 
 
 
 
18.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
18.7.6
COMPANY FOOTPRINT
 
 
 
 
18.7.7
REGION FOOTPRINT
 
 
 
 
18.7.8
VEHICLE TYPE FOOTPRINT
 
 
 
 
18.7.9
OFFERING FOOTPRINT
 
 
 
 
18.7.10
COMMUNICATION FOOTPRINT
 
 
 
18.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
18.8.1
PROGRESSIVE COMPANIES
 
 
 
 
18.8.2
RESPONSIVE COMPANIES
 
 
 
 
18.8.3
DYNAMIC COMPANIES
 
 
 
 
18.8.4
STARTING BLOCKS
 
 
 
 
18.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
LIST OF KEY STARTUPS/SMES
 
 
 
 
 
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
 
 
 
 
18.9
COMPETITIVE SCENARIO
 
 
 
 
 
18.9.1
PRODUCT LAUNCHES AND DEVELOPMENTS
 
 
 
 
18.9.2
DEALS
 
 
 
 
18.9.3
EXPANSIONS
 
 
 
 
18.9.4
OTHERS
 
 
19
COMPANY PROFILES
 
 
 
 
 
19.1
KEY PLAYERS
 
 
 
 
 
19.1.1
QUALCOMM INCORPORATED
 
 
 
 
 
19.1.1.1
BUSINESS OVERVIEW
 
 
 
 
19.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
19.1.1.3
PRODUCT DEVELOPMENT/ENRICHMENT
 
 
 
 
19.1.1.4
DEALS
 
 
 
 
19.1.1.5
MNM VIEW
 
 
 
19.1.2
HARMAN INTERNATIONAL
 
 
 
 
19.1.3
HUAWEI TECHNOLOGIES
 
 
 
 
19.1.4
NXP SEMICONDUCTORS
 
 
 
 
19.1.5
AUMOVIO SE
 
 
 
 
19.1.6
ROBERT BOSCH GMBH
 
 
 
 
19.1.7
COHDA WIRELESS
 
 
 
 
19.1.8
INFINEON TECHNOLOGIES AG
 
 
 
 
19.1.9
DENSO CORPORATION
 
 
 
 
19.1.10
STMICROELECTRONICS
 
 
 
 
19.1.11
HYUNDAI MOBIS
 
 
 
 
19.1.12
KAPSCH TRAFFICCOM
 
 
 
19.2
OTHER KEY PLAYERS
 
 
 
20
RESEARCH METHODOLOGY
 
 
 
 
 
20.1
RESEARCH DATA
 
 
 
 
 
20.1.1
SECONDARY DATA
 
 
 
KEY DATA FROM SECONDARY SOURCES
 
 
 
 
 
 
20.1.2
PRIMARY DATA
 
 
 
KEY DATA FROM PRIMARY SOURCES
KEY PRIMARY PARTICIPANTS
BREAKDOWN OF PRIMARY INTERVIEWS

 

 

Methodology

Various secondary sources, directories, and databases were used to identify and collect information for an extensive V2X market study. The study involved four main activities in estimating the current size of the V2X market: secondary research, validation through primary research, assumptions, and market analysis. The research study involved various secondary sources, such as company annual reports/presentations, industry association publications, automotive wiring harness magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, which were used to identify and collect information for an extensive study of the V2X market. Primary sources like experts from automotive OEMs, Tier 1 suppliers, and V2X providers were interviewed to obtain and verify critical information and assess prospects and market estimations.

Secondary Research

Secondary sources referred to for this research study included automotive V2X industry organizations; corporate filings such as annual reports, investor presentations, and financial statements; trade and business whitepapers and databases; and articles from recognized associations and government publishing sources. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews were conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across four major regions, namely, Asia Pacific- 35%, Europe- 25%, North America- 25%, and the Rest of the World-5%. Approximately 60% and 40% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primary data, various departments within organizations, such as sales, operations, and administration, were consulted to provide a holistic viewpoint in our report.

Brief sessions with highly experienced independent consultants were conducted to reinforce findings from primaries after interacting with industry experts. This, along with the in-house subject matter experts’ opinions, led to the findings described in the remainder of this report.

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations. The primary sources from the demand side included end users, such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.

Breakdown of Primary Interviews

V2X Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The V2X market was estimated and validated using both top-down and bottom-up approaches. In the top-down approach, the global V2X market value was derived through revenue analysis of key market players. V2X penetration rates are estimated using secondary research, industry databases, and primary interviews. Country-level market values were allocated to individual segments based on their respective shares, aggregated to derive regional market values, and consolidated to estimate the global market by communication type. The same approach was followed for other segments, including vehicle type, propulsion, connectivity, offering, communication unit, and fitment. In the bottom-up approach, country-level V2X-enabled vehicle volumes were identified using paid databases, vehicle production data, secondary research, and OEM model mapping. Vehicle production volumes are multiplied by the average selling price of V2X communication systems to estimate market size by communication type in terms of volume (thousand units) and value (USD million). Country-level estimates were aggregated to derive regional market values. Both approaches were cross-validated through primary interviews with OEMs, Tier 1 suppliers, V2X module manufacturers, and industry experts to establish the final V2X market estimate.

V2X Market: Top-Down and Bottom-Up Approach

V2X Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

According to NXP Semiconductors (Netherlands), V2X technology enables cars to communicate with their surroundings and makes driving safer and more efficient for everyone. V2X is communication technology that helps connect vehicles with infrastructure and thus facilitates the implementation of an intelligent transport system. It allows vehicles to communicate with the moving traffic system in their surrounding environment. It operates at 5.9GHz frequency globally.

Key Stakeholders

  • Automotive Original Equipment Manufacturers (OEMs)
  • Electronic Design Automation (EDA) and Internet Protocol (IP) Core Vendors
  • Navigation Devices and GPS Manufacturers
  • ODM and OEM Technology Solution Providers
  • Regulatory and Transportation Authorities
  • Software Providers
  • V2X Providers
  • Organizations, Forums, Alliances, and Associations
  • State & National Regulatory Authorities
  • V2X Network Providers
     

Report Objectives

  • To segment and forecast the V2X market in terms of value (USD million) and volume (thousand units)
    • By offering (hardware and software)
    • By V2X charging type (V2L, V2H, and V2G)
    • By propulsion (ICE and EV)
    • By V2X communication Type (V2I, V2V+V2I, V2V+V2N, and V2V+V2I+V2N)
    • By region (Asia Pacific, Europe, North America, and Rest of the World)
  • To segment and forecast the V2X market in terms of volume (thousand units)
    • By connectivity [dedicated short-range communications (DSRC) and cellular V2X]
    • By vehicle type (passenger cars and commercial vehicles)
  • To segment the V2X market qualitatively
    • By unit (on-board unit and roadside unit)
    • By fitment (plug and play, retrofit, integrated fitment)
    • By technology (automated driver assistance, intelligent traffic system, emergency vehicle notification, passenger information system, fleet and asset management, parking management system, line of sight, non-line of sight, and backing)
  • To analyze regional markets for growth trends, prospects, and their contribution to the overall market
  • To define, describe, and forecast the size of the V2X market with respect to growth trends and prospects, and determine the contribution of the segments to the total market
  • To provide detailed information regarding the major factors (drivers, challenges, restraints, and opportunities) influencing market growth
  • To strategically analyze markets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities for stakeholders and the competitive landscape for market leaders
  • To study the following with respect to the market -
    • Supply chain analysis
    • Ecosystem analysis
    • Pricing analysis
    • Technology analysis
    • HS code
    • Case study analysis
    • Patent analysis
    • Impact of AI
    • Impact of 2026 India-EU FTA
    • Regulatory landscape
    • Key stakeholders and buying criteria
    • Key conferences & events
    • Bill of materials
    • V2X spectrum allocation
    • V2X technology regulatory direction
    • C-ITS & automated driving regulations
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments such as deals (mergers & acquisitions, partnerships, collaborations), product developments, and other activities carried out by key industry participants

Available customizations:

With the given market data, MarketsandMarkets offers customizations in line with company-specific needs.

  • V2X market, by charging, at the country level (for regions covered in the report)
  • V2X market, by propulsion, at the country level (for the countries, an addition of up to 3, in the report)

Company Information

  • Profiling of additional market players (up to 5)
 

 

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