UK Automotive V2X Market (2023-2028)
The UK Automotive V2X Market was valued at $56 Million in 2023 and projected to reach to $346 Million by 2028, representing a compound annual growth rate of 29.8%. The UK Automotive V2X market is positioned for substantial growth through 2028, driven by government backing for smart transportation infrastructure and the nation's strategic focus on autonomous vehicle commercialization.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
UK Automotive V2X Market Trends and Insights
- This represents a compound annual growth rate of 29.8%, significantly outpacing global adoption trends.
- The UK's strong regulatory framework, investment in smart infrastructure, and commitment to autonomous vehicle development are driving V2X technology deployment across the country. In 2023, the UK market was characterized by early-stage adoption among premium automotive manufacturers and pilot programs in major urban centers.
- By 2028, the UK is expected to see widespread integration of V2X capabilities across vehicle segments, supported by government initiatives and 5G rollout.
- The UK's position as a leading automotive innovation hub positions it as a critical market for V2X solutions in Europe. Key drivers include enhanced road safety requirements, connected vehicle mandates, and substantial investment in intelligent transportation systems.
- The UK market reflects growing consumer demand for advanced driver assistance systems and autonomous vehicle readiness, making it a strategic focus for global V2X technology providers..
Key Market Statistics
- CAGR (2023-2028) 29.8% CAGR
- Market Size, 2023 ~USD 56 Million
- Forecast, 2028 ~USD 346 Million
- Country UK
UK Automotive V2X Market Overview
Rapid Market Expansion :
The UK Automotive V2X market is projected to grow from $56.0 million in 2023 to $346.0 million by 2028, representing a robust 29.8% CAGR and demonstrating strong market momentum in connected vehicle technology adoption.
Regulatory Support & Infrastructure :
The UK's progressive regulatory framework and substantial investment in smart infrastructure initiatives are accelerating V2X deployment, positioning the nation as a leader in connected and autonomous vehicle development within Europe.
Autonomous Vehicle Integration :
UK commitment to autonomous vehicle development is driving V2X technology adoption as a critical enabler for vehicle-to-vehicle and vehicle-to-infrastructure communication, essential for safe autonomous operations.
Outpacing Global Growth :
At 29.8% CAGR, the UK market is growing faster than many developed markets, though below the global average of 51.9%, indicating strong regional demand but with room for accelerated adoption.
UK Automotive V2X Market Dynamics
- Investment in connected vehicle ecosystems and regulatory harmonization with European standards will facilitate technology deployment across major automotive hubs. Key growth catalysts include increasing OEM partnerships, expanding 5G infrastructure rollout, and pilot programs for V2X-enabled smart cities.
- The UK's established automotive manufacturing base and tech innovation ecosystem create favorable conditions for V2X solution providers, though competition from global players and standardization challenges remain considerations for market participants..
Market Ecosystem
V2X MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
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. |
 |
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. |
 |
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. |
 |
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. |
 |
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.
Related Ecosystem
Automotive Advance Technologies
- Battery Electric Vehicle (BEV)
- Light Commercial Vehicles (LCVs)
- Fuel Cell Electric Vehicle (FCEV)
- Hybrid Electric Vehicle (HEV)
- Internal Combustion Engine (ICE)
- BOSCH LIMITED
- Continental ag
- Visteon Corporation
- DENSO Corporation
- ZF FRIEDRICHSHAFEN AG
Connected Car
- Light Commercial Vehicles (LCVs)
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Cellular Network
- Sensors
- BOSCH LIMITED
- Visteon Corporation
- Jabil Inc.
- DENSO Corporation
- VALENS SEMICONDUCTOR LTD.
Semi Autonomous And Autonomous Vehicle
- Light Commercial Vehicles (LCVs)
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Internal Combustion Engine (ICE)
- Fuel Cell
- BOSCH LIMITED
- Visteon Corporation
- Continental ag
- DENSO Corporation
- Infineon technologies ag
Key Takeaways
- The UK Automotive V2X market will grow from $56.0M (2023) to $346.0M (2028) at a 29.8% CAGR, reflecting strong regional momentum.
- UK regulatory initiatives and 5G infrastructure investment are accelerating V2X adoption across the automotive sector.
- Premium vehicle manufacturers dominate the UK market in 2023, with mass-market penetration expected by 2028.
- The UK's autonomous vehicle development programs and smart city initiatives create substantial long-term growth opportunities for V2X solutions.
Automotive V2X Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2023 |
| Fastest Growing Segment | C-V2X (Connectivity) |
| Forecast Period | 2023-2028 |
| Growth Rate | CAGR of 51.9% from 2023 to 2028 |
| Largest Segment | PASSENGER CARS (Vehicle Type) |
| Market Size Base Year (Billions) | ~USD 0.51 (2023) |
| Revenue Forecast (Billions) | ~USD 4.12 (2028) |
| Segments Covered | Offering, Communication, Propulsion, Technology, Vehicle Type, Connectivity |
UK Automotive V2X Market Report Segmentation
6 segment dimensions are covered across the global market.
By Offering
- Hardware
- Software
By Communication
- V2G
- V2I
- V2P
- V2V
By Propulsion
- EV
- ICE
By Technology
- Automated Driver Assistance
- Backing
- Emergency Vehicle Notification
- Fleet & Asset Management
- Intelligent Traffic System
- Line Of Sight
- Non-Line Of Sight
- Parking Management System
- Passenger Information System
By Vehicle Type
- Commercial Vehicles
- Passenger Cars
By Connectivity
- C-V2X
- Dsrc
Target Audience
- Automotive OEMs : UK-based and international car manufacturers need market intelligence to plan V2X technology integration, assess competitive positioning, and identify supplier partnerships within the British market.
- Technology & Telecom Providers : 5G infrastructure companies and software developers require UK-specific data to evaluate market entry strategies, quantify demand, and align product development with regional regulatory requirements.
- Government & Policy Bodies : UK transport authorities and policy makers need evidence-based market analysis to inform infrastructure investment decisions, regulatory frameworks, and autonomous vehicle deployment strategies.
- Investment & Private Equity Firms : Investors seeking UK automotive tech opportunities require detailed market forecasts, growth drivers, and competitive dynamics to identify high-potential portfolio companies and funding opportunities.
- Consulting & Strategy Firms : Management consultants advising UK automotive clients need granular market data, trend analysis, and regional insights to develop informed business strategies and client recommendations.
Reasons to Buy this Report
- UK-Specific Market Sizing : Access precise market valuations and forecasts tailored to the UK market, enabling accurate budgeting and investment decisions for regional expansion strategies.
- Regulatory & Policy Insights : Understand UK-specific regulatory frameworks, government initiatives, and compliance requirements driving V2X adoption in the British automotive sector.
- Competitive Landscape Analysis : Identify key UK-based and international players, their market positioning, partnerships, and strategies specific to the British market opportunity.
- Regional Growth Opportunities : Discover high-potential segments, geographic hotspots, and emerging use cases within the UK market to prioritize resource allocation and go-to-market strategies.
- Investment & Partnership Guidance : Leverage data-driven insights to identify strategic investment opportunities, acquisition targets, and partnership prospects within the UK V2X ecosystem.
Frequently asked questions
What is the current size of the UK Automotive V2X market?
The UK Automotive V2X market was valued at $56.0 million in 2023 and is projected to reach $346.0 million by 2028.
What is the growth rate of the UK V2X market?
The UK Automotive V2X market is expected to grow at a compound annual growth rate (CAGR) of 29.8% from 2023 to 2028.
Which factors are driving V2X adoption in the UK?
Key drivers include UK regulatory requirements for vehicle connectivity, 5G infrastructure rollout, government autonomous vehicle initiatives, and increasing consumer demand for advanced safety features.
Which vehicle segments lead the UK V2X market in 2023?
Premium and luxury vehicle manufacturers lead the UK market in 2023, with gradual expansion into mid-range and mass-market segments expected through 2028.
How does the UK V2X market compare to global trends?
The UK's 29.8% CAGR is lower than the global average of 51.9%, reflecting a more mature market with established regulatory frameworks and infrastructure development.
RESEARCH 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
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
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
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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)
Get the Full Automotive V2X Market Report
Full forecast, segment splits, and company analysis for all Automotive V2X Market.
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- Argentina Automotive V2X Market
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