Surging Demand For Fully Autonomous Vehicles Accelerates Growth In The Automotive V2X Market: A Significant Driver Propelling The Automotive V2X Market In 2025

The Automotive V2X Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Automotive V2X Market Size and Projected Growth Rate?
The value of the automotive V2X market has seen a massive expansion in recent years. This market is projected to expand from $1.59 billion in 2024 to a staggering $2.28 billion in 2025, growing at a compound annual growth rate (CAGR) of 43.3%. The notable growth during the past period is credited to robust economic development in growing markets, rising investments in smart city initiatives, an upsurge in instances of vehicle theft, and an increased demand for self-driving mobility.

The automotive V2X market is projected to experience extraordinary expansion in the coming years, hitting $10.76 billion by 2029 with a CAGR of 47.5%. Factors driving this growth over the forecast period include rapid urbanization, the introduction of more safety features in cars, the expansion of the automotive industry, and rising demand for electric vehicles (EVs). Significant trends in the forecast period encompass a concentration on evolved vehicle-to-everything (v2x) connectivity solutions in order to supply dependable products to consumers and solidify their market position. This also includes a focus on emerging c-v2x technology pilot projects, technological advancements, the incorporation of 5G technology in automotive v2x, emphasis on partnerships and collaborations, growing use of cellular v2x to improve vehicle safety, and the adoption of artificial intelligence (AI) technology.

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What Are the Major Segments in the Automotive V2X Market?
The automotive V2X market covered in this report is segmented -

1) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line Of Sight, Others
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Connectivity: Direct Short-Range Communications (DSRC), Cellular
4) By Communication: Vehicle To Vehicle (V2V), Vehicle To Infrastructure (V2I), Vehicle To Pedestrian (V2P), Vehicle To Grid (V2G), Vehicle To Cloud (V2C), Vehicle To Device (V2D)

Subsegments:
1) By Passenger Cars: Sedans, Hatchbacks, SUVs (Sport Utility Vehicles), Coupes, Convertibles
2) By Commercial Vehicles: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Buses And Coaches, Trucks, Vans

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What Are The Driving Automotive V2X Market Evolution?
The anticipated surge in the need for fully autonomous vehicles is predicted to fuel the expansion of the automotive V2X market in future years. Fully autonomous vehicles are classified as self-driving cars that operate with minimal to no human interaction. The V2X provides a distinctive advantage in automated vehicles as it relays data regarding elements undetectable by other sensors. Furthermore, it has the potential to enhance traffic productivity by imparting information about traffic signals. For example, a report issued by the Insurance Institute for Highway Safety, a non-profit organization based in the US, in December 2022, projected that by 2025, there would be approximately 3.5 million self-driving vehicles in America. Likewise, by 2030, this number is expected to climb to 4.5 million. Therefore, the rising need for completely autonomous vehicles is the key driver for the growth of the automotive V2X market.

Which Firms Dominate The Automotive V2X Market Segments?
Major companies operating in the automotive V2X market include Robert Bosch GmbH, NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Lear Corporation, Continental AG, Qualcomm Technologies, Inc., LG Electronics, Aptiv PLC, Autotalks Ltd., Infineon Technologies AG, STMicroelectronics, Renesas Electronics, Aisin Automotive, Jost India, Mando Automotive India Pvt. Ltd, Automotive Axles Ltd, Denso India Pvt Ltd, Volvo Cars, Audi AG, Fibocom, Mercedes, Cohda Wireless, BMW Group, Delphi Technologies, Avtovaz, Avtotor, Kamaz, Sreda Ltd., Fort Telecom, Savari Inc., Harman International, Ford Motor Company, Verizon Communications, AT&T Inc.

What Trends Are Expected to Dominate the Automotive V2X Market in the Next 5 Years?
The advancement and increasing traction of technologies like LTE-V2X is seen as the driving force in the growing popularity of the automotive V2X market. LTE-V2X is a pioneering technology in the information and communication sector used in road transportation systems. It permits the exchange of information among vehicles, humans, networks, and infrastructures. Principal industry players in the automotive V2X landscape are doubling down on their efforts to develop this technology further to fortify their market positions. For example, Cohda Wireless, an Australian entity renowned for creating secure vehicle and connected vehicle design solutions and services, in September 2022, introduced the MK6 Road-Side Unit (RSU). This is aimed at empowering communication technology within connected vehicles. The MK6 Road-Side Unit (RSU) is a versatile and advanced vehicle-to-everything connectivity solution designed to foster the adoption of connected cars across the globe's most advanced road and highway networks. It presents extensive communication capabilities such as DSRC, C-V2X, LTE/5G, and Wi-Fi/Bluetooth. Furthermore, it offers the assurance, flexibility and interoperability needed by users to undertake deployments around the world.

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Which Is The Largest Region In The Automotive V2X Market?
North America was the largest region in the automotive V2X market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive v2x market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive V2X Market?
2. What is the CAGR expected in the Automotive V2X Market?
3. What Are the Key Innovations Transforming the Automotive V2X Industry?
4. Which Region Is Leading the Automotive V2X Market?

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