Emerging Cellular Vehicle-To-Everything Market Trends: Introducing Next-Generation C-V2X Modules For Enhanced Traffic Safety Shaping the Future of the Industry

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Cellular Vehicle-To-Everything Market Size Growth Forecast: What to Expect by 2025?
The market size for cellular vehicle-to-everything has seen substantial expansion in the last few years. The forecast predicts that the market will escalate from $0.94 billion in 2024 to $1.25 billion in 2025, experiencing a compound annual growth rate (CAGR) of 32.7%. The previous growth can be linked to a surge in demand for cellular vehicle-to-everything (C-V2X) products and services, supportive regulations, continuous decline in production and installation costs, increased government efforts towards building smart cities, and higher smartphone usage.

How Will the Cellular Vehicle-To-Everything Market Size Evolve and Grow by 2029?
In the forthcoming years, a remarkable surge is anticipated in the size of the cellular vehicle-to-everything market. It is predicted to escalate to $3.42 billion by 2029, with a compound annual growth rate (CAGR) of 28.5%. The climb in the market during this forecast period is primarily due to an increase in the number of road mishaps worldwide, the wide acceptance of autonomous vehicles, an upsurge in the demand for safer road journeys, increasing interest in vehicle telematics, and escalating awareness regarding eco-friendly measures. Key trends to watch in this period include technological advancements, growing global smart city initiatives, acceptance of standards for road safety systems, mergers of C-V2X with advanced driver assistance systems (ADAS), and incorporation of C-V2X technology in cars.

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What Drivers Are Propelling the Growth of Cellular Vehicle-To-Everything Market Forward?
The cellular vehicle-to-everything market is poised to grow, thanks to a global increase in road accidents. Road accidents, characterized by conflicts between vehicles, pedestrians, animals, or stationary objects on any road accessible by public, are on the rise due to various reasons such as human oversight, poor road conditions, and vehicle malfunctions. Cellular vehicle-to-everything (C-V2X) technology aims to decrease road accidents by enabling immediate interaction between vehicles and infrastructure. This allows for quick responses to potential dangers. C-V2X's uninterrupted communication aims to boost road safety by proactively addressing collision threats and enhancing traffic administration. For instance, Brake, a British road safety charity, reported that in 2022, there were 1,766 fatalities due to road accidents in the UK. This figure includes 1,711 from Britain and 55 from Northern Ireland which denotes a 10% increase from the previous year. Consequently, the escalating number of road accidents worldwide is triggering the expansion of the cellular vehicle-to-everything market.

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Which Emerging Trends Are Transforming the Cellular Vehicle-To-Everything Market in 2025?
Key players active in the cellular vehicle-to-everything market are coalescing their endeavors towards the creation of technologically enhanced products like the next-generation cellular vehicle-to-everything (C-V2X) module, with the goal of advancing road safety and assuaging traffic congestion. These next-generation modules stand as elevated communication tools aimed at promoting vehicle communication to foster safer and more streamlined traffic flow. For example, Quectel Wireless Solutions Co. Ltd., a company based in China that is renowned for creating and marketing cellular communication modules, launched the AG18 module in November 2022. This novel C-V2X module is equipped with PC5 direct communications enhancing vehicular communication with each other and their environment, thereby bolstering security and traffic management. The AG18 module is compatible with multiple modes of communication like vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) under the 5.9GHz integrated cellular subscription. This module is engineered for operation in unforgiving environments, offering superior ESD (electric discharge) or EMI (electric interference) protection performance.

What Are the Key Segments in the Cellular Vehicle-To-Everything Market?
The cellular vehicle-to-everything market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Communication Type: Vehicle-To-Person (V2P), Vehicle-To-Infrastructure (V2I), Vehicle-To-Network (V2N), Vehicle-To-Vehicle (V2V)
4) By Application: Fleet Management, Autonomous Driving, Collision Avoidance, Intelligent Traffic Systems, Parking Management Systems

Subsegments:
1) By Hardware: Antennas, Communication Modules, Processors, Sensors, Transceivers, Controllers
2) By Software: V2X Communication Software, Data Management Software, Security Software, Network Management Software

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Who Are the Key Players Shaping the Cellular Vehicle-To-Everything Market's Competitive Landscape?
Major companies operating in the cellular vehicle-to-everything market are AT&T Inc., Robert Bosch GmbH, Huawei Technologies co. Ltd., Audi AG, Intel Corporation, Daimler Truck AG, Qualcomm Technologies Inc., NTT DOCOMO Inc., Continental AG, Nvidia Corporation, Nokia Corporation, ZTE Corporation, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors, Keysight Technologies, Harman International Industries Inc., Rohde & Schwarz GmbH & Co. KG, Quectel Wireless Solutions Co. Ltd., TomTom International BV, Autotalks Ltd., Commsignia Ltd., Savari Inc., Ficosa International SA, Cohda Wireless Pty Ltd., Shenzhen Genvict Technologies Co. Ltd., Quectel wireless co. Ltd., Unex Technology Corp., MediaTek Inc., Reliance Jio Infocomm Ltd.

What Geographic Markets Are Powering Growth in the Cellular Vehicle-To-Everything Market?
North America was the largest region in the cellular vehicle-to-everything market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellular vehicle-to-everything market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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