Press release
Top Factor Driving Automotive Vehicle To Everything V2X Communications Market Growth in 2025: Impact Of Increasing Demand For Connected Vehicles On The Automotive Vehicle To Everything (V2X) Communications
Automotive Vehicle To Everything V2X Communications Market Outlook
The automotive vehicle-to-everything (V2X) communications market has grown rapidly, projected to increase from $3.6 billion in 2024 to $4.48 billion in 2025, reflecting a CAGR of 24.6%. This growth is attributed to rising awareness of traffic safety benefits, increasing demand for advanced safety features, cybersecurity concerns, the need for enhanced situational awareness, and significant R&D investments.
The automotive vehicle-to-everything (V2X) communications market is set for exponential growth, reaching $10.68 billion by 2029 at a CAGR of 24.2%. This growth is driven by the demand for connected vehicles, urbanization, the need for advanced technologies, smart city initiatives, and the adoption of smart automobiles. Key trends include technological advancements, 5G network deployment, integration with connected and autonomous vehicles, expansion of cellular V2X technology, and smart city infrastructure.
What Are the Primary Growth Drivers for the Automotive Vehicle To Everything V2X Communications Market?
Connected vehicles are also driving the growth of the automotive vehicle-to-everything (V2X) communications market. V2X communications enable connected vehicles to interact with each other and their surroundings, enhancing safety, efficiency, and environmental sustainability. The increasing adoption of connected vehicles, including the growth of electric cars, is fueling the expansion of the V2X communications market.
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Who Are the Dominant Companies Influencing Automotive Vehicle To Everything V2X Communications Market Trends?
Major companies operating in the automotive vehicle to everything (V2X) communications market are Volkswagen Group, Toyota Motor Corporation, The Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, AT&T Inc., Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Tesla Inc., Nissan Motor Corporation, Panasonic Holdings Corporation, Cisco Systems Inc., Denso Corporation, Qualcomm Technologies Inc., Continental AG, Volvo Car Corporation, Aptiv PLC, NXP Semiconductors N.V., BorgWarner Inc., Visteon Corporation, Harman International Industries Inc., Mobileye
How Is the Automotive Vehicle To Everything V2X Communications Market Evolving?
In the automotive vehicle-to-everything (V2X) communications market, companies are advancing technology solutions like chipsets to improve communication capabilities. These chipsets enable real-time data exchange among vehicles, infrastructure, and road users, improving safety and traffic management. For instance, Autotalks Ltd., an Israeli semiconductor company, launched the TEKTON3 and SECTON3 chipsets in September 2022 to enhance Vehicle-to-Everything communications. These chipsets support both Dedicated Short-Range Communications (DSRC) and 5G Cellular V2X (C-V2X), ensuring compatibility with both current and future V2X standards.
What Are the Different Segmentations in the Automotive Vehicle To Everything V2X Communications Market?
The automotive vehicle to everything (V2X) communications market covered in this report is segmented -
1) By Type: Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Pedestrian
2) By Technology: Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet And Asset Management, Parking Management System, Line Of Sight, Non-line Of Sight, Backing, Other Technologies
3) By Application: Road Safety Services, Automatic Parking Systems, Emergency Vehicles, Auto Car Services
Subsegments:
1) By Vehicle-To-Vehicle: Collision Avoidance, Cooperative Driving, Traffic Flow Optimization
2) By Vehicle-To-Infrastructure: Traffic Signal Control, Smart Parking Solutions, Roadside Unit (RSU) Communication, Tolling And Payment Systems
3) By Vehicle-To-Pedestrian: Pedestrian Safety Alerts, Smart Crosswalks, Pedestrian Detection And Communication
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Which Region Is at the Forefront of the Automotive Vehicle To Everything V2X Communications Market?
Europe was the largest region in the automotive vehicle to everything (V2X) communications market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive vehicle to everything (V2X) communications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Automotive Vehicle To Everything V2X Communications Global Market Report?
- Market Size Analysis: Analyze the Automotive Vehicle To Everything V2X Communications Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Vehicle To Everything V2X Communications Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Vehicle To Everything V2X Communications Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Vehicle To Everything V2X Communications Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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