US Automotive V2X Market (2023-2028)
The US Automotive V2X Market was valued at $62 Million in 2023 and projected to reach to $1973 Million by 2028, representing a compound annual growth rate of 64.0%. The US Automotive V2X market is positioned for unprecedented growth, driven by converging regulatory requirements, safety imperatives, and technological maturation.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
US Automotive V2X Market Trends and Insights
- This exceptional growth trajectory reflects the US automotive industry's accelerating adoption of vehicle-to-everything communication technologies, driven by regulatory mandates, safety initiatives, and consumer demand for connected vehicle features.
- The US market significantly outpaces global growth patterns, positioning the country as a critical hub for V2X innovation and deployment. During the 2023-2028 forecast period, the US V2X market will be shaped by federal safety standards, 5G infrastructure rollout, and OEM commitments to autonomous and semi-autonomous vehicle platforms.
- The US regulatory environment, including NHTSA guidance and FCC spectrum allocation, creates a favorable backdrop for V2X technology adoption across passenger vehicles, commercial fleets, and smart infrastructure.
- By 2028, the US is expected to account for a substantial share of North American V2X revenue, driven by early-mover advantage and technology leadership among US-based automotive manufacturers and technology providers..
Key Market Statistics
- CAGR (2023-2028) 64.0% CAGR
- Market Size, 2023 ~USD 62 Million
- Forecast, 2028 ~USD 1973 Million
- Country US
US Automotive V2X Market Overview
Explosive Growth Trajectory :
The US V2X market is projected to grow from $62.0 million in 2023 to $1,973.0 million by 2028, representing a remarkable 64% CAGR—significantly outpacing the global average of 51.9%.
Regulatory Momentum :
NHTSA and FCC regulatory initiatives are accelerating V2X adoption across US automotive manufacturers, with mandates driving widespread implementation of vehicle-to-vehicle and vehicle-to-infrastructure communication systems.
Safety-Driven Adoption :
US automakers are prioritizing V2X technology to reduce collision rates and enhance autonomous vehicle capabilities, with major OEMs integrating C-V2X and DSRC solutions into new vehicle platforms.
Infrastructure Investment :
Federal funding through the Infrastructure Investment and Jobs Act is supporting roadside unit deployment and 5G connectivity expansion, creating a robust ecosystem for V2X implementation across US highways and urban areas.
US Automotive V2X Market Dynamics
- Federal mandates requiring V2X-capable vehicles, combined with substantial infrastructure investments, are creating favorable conditions for rapid market expansion.
- Major automotive OEMs are accelerating deployment timelines, with C-V2X technology emerging as the dominant standard across the US market. Looking ahead to 2028, the market will be characterized by widespread OEM adoption, expanded roadside unit networks, and integration with autonomous vehicle platforms.
- Competitive dynamics will intensify as suppliers vie for contracts with major manufacturers, while 5G infrastructure buildout enables enhanced V2X capabilities.
- The convergence of connected vehicle technology with smart city initiatives will further accelerate market penetration across US metropolitan and highway corridors..
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 US Automotive V2X market will grow from $62.0M (2023) to $1,973.0M (2028) at a 64.0% CAGR, significantly exceeding global growth rates.
- US regulatory frameworks, including NHTSA safety mandates and FCC spectrum allocation, are primary catalysts accelerating V2X adoption across the US automotive sector.
- The US market benefits from robust 5G infrastructure deployment and OEM investment in connected and autonomous vehicle platforms through 2028.
- By 2028, the US is positioned as the leading North American V2X market, driven by technology leadership, early adoption, and federal safety initiatives.
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 |
US 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 : US-based and international automakers need detailed market insights to plan V2X integration timelines, assess regulatory compliance costs, and benchmark competitive positioning in the rapidly expanding US market.
- Tier-1 Automotive Suppliers : Component and system suppliers require granular US market data to identify OEM demand patterns, forecast production volumes, and develop targeted sales strategies for V2X hardware and software solutions.
- Telecom & Infrastructure Providers : 5G network operators and roadside unit manufacturers need US-specific market forecasts to plan infrastructure investments, identify deployment opportunities, and align service offerings with regulatory timelines.
- Investment & Strategy Teams : Private equity, venture capital, and corporate development professionals require validated US market data to evaluate acquisition targets, assess investment returns, and identify emerging technology leaders in V2X.
- Government & Policy Makers : Federal and state transportation agencies need comprehensive market analysis to inform infrastructure funding decisions, evaluate regulatory effectiveness, and plan smart transportation initiatives across US regions.
Reasons to Buy this Report
- Market Size Validation : Obtain precise US market valuation ($62M in 2023, $1,973M in 2028) with detailed revenue forecasts by technology type, vehicle segment, and application to support strategic planning and investment decisions.
- Competitive Intelligence : Identify leading US OEMs, Tier-1 suppliers, and technology providers dominating the V2X landscape, including market share analysis and competitive positioning to inform partnership and acquisition strategies.
- Regulatory Roadmap : Access comprehensive analysis of NHTSA mandates, FCC spectrum allocations, and state-level V2X requirements shaping the US market, enabling compliance planning and product development alignment.
- Technology Adoption Trends : Understand C-V2X vs. DSRC market dynamics, 5G integration timelines, and OEM deployment schedules specific to the US market to optimize technology investments and go-to-market strategies.
- Growth Opportunity Assessment : Leverage detailed segment analysis covering passenger vehicles, commercial fleets, and infrastructure components to identify high-growth niches and emerging revenue streams within the US V2X ecosystem.
Frequently asked questions
What is the current size of the US Automotive V2X market?
The US Automotive V2X market was valued at $62.0 million in 2023 and is projected to reach $1,973.0 million by 2028.
What is the growth rate of the US V2X market?
The US Automotive V2X market is expected to grow at a compound annual growth rate (CAGR) of 64.0% from 2023 to 2028.
What are the main drivers of V2X adoption in the US?
Key drivers include NHTSA safety regulations, FCC spectrum allocation for V2X, 5G infrastructure expansion, and OEM commitments to autonomous and connected vehicle technologies.
Which US automotive segments are leading V2X adoption?
Passenger vehicles and commercial fleets are the primary segments driving V2X adoption in the US, supported by OEM platforms and fleet management solutions.
How does the US V2X market compare to global trends?
The US market grows at 64.0% CAGR, substantially faster than the global average of 51.9%, reflecting the US's regulatory leadership and technology infrastructure advantage.
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)
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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.
- China Automotive V2X Market
- Japan Automotive V2X Market
- South Korea Automotive V2X Market
- India Automotive V2X Market
- Germany Automotive V2X Market
- France Automotive V2X Market
- Spain Automotive V2X Market
- Italy Automotive V2X Market
- UK Automotive V2X Market
- Canada Automotive V2X Market
- Mexico Automotive V2X Market
- Brazil Automotive V2X Market
- Argentina Automotive V2X Market
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