5G V2X Communications Market Size 2025, Industry Growth Outlook, Competitive Landscape and Future Demand Insights

The report titled, "Global 5G V2X Communications Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" has been recently published by QY Research. The authors of the report have done extensive study of the global 5G V2X Communications market keeping in mind the key aspects such as growth determinants, opportunities, challenges, restraints, and market developments. This analysis will enrich the ability of the companies involved in the global 5G V2X Communications market to make precise decisions. The report also emphasizes on the current and future trends in the global 5G V2X Communications market, which may bode well for the global 5G V2X Communications market in the coming years. Impact of the driving factors on the global 5G V2X Communications market growth has been mapped by the report. Besides, factors that are likely to challenge the global 5G V2X Communications market growth in the years to come are discussed by the industry experts in the report.

The global market for 5G V2X Communications was estimated to be worth US$ 184 million in 2024 and is forecast to a readjusted size of US$ 6862 million by 2031 with a CAGR of 66.7% during the forecast period 2025-2031.

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The global 5G V2X (Vehicle-to-Everything) communications market is entering a transformative phase, underpinned by the convergence of next-generation wireless technologies and intelligent transportation systems. As automakers and smart city planners prioritize vehicle safety, traffic efficiency, and autonomous mobility, 5G V2X has emerged as a foundational technology enabling ultra-reliable, low-latency communications between vehicles and surrounding infrastructure. The market is currently led by key players such as Quectel, Harman International, and CICTCI, which together account for approximately 44% of the global market share. Quectel, in particular, holds the leading position with over 19% share, driven by its robust module portfolio and partnerships with global OEMs and Tier 1 suppliers.

From a product standpoint, hardware components-including communication modules, onboard units (OBUs), and roadside units (RSUs)-constitute the largest segment, contributing to over 64% of total market value. The complex demands of 5G V2X applications require hardware solutions that meet stringent requirements for latency, speed, and environmental durability. With the maturation of chipsets and edge computing, hardware providers are increasingly focusing on integration and interoperability to facilitate scalable deployment across vehicle platforms and road networks. While software and cloud platforms are critical enablers of V2X ecosystems, their market value remains secondary at this stage due to ongoing standardization efforts.

In terms of application, Intelligent Driving represents the dominant downstream use case, accounting for approximately 71% of global demand. This reflects the pivotal role of 5G V2X in enabling real-time situational awareness, cooperative collision avoidance, and advanced driver-assistance systems (ADAS). As OEMs accelerate the rollout of Level 3 and Level 4 autonomous driving capabilities, V2X will increasingly serve as a critical complement to onboard sensors such as LiDAR and radar.

Looking ahead, market expansion will be driven by improvements in network infrastructure, cross-industry standards development, and broader policy support for connected vehicle ecosystems. However, challenges around cybersecurity, data privacy, and regional regulatory harmonization remain key considerations for long-term scalability.

Competitive landscape is one of the most interesting subjects of any market research study. It provides readers with important information on competition trends, prominent players, and nature of competition. In this report, the authors have profiled some of the top-ranking as well as other players of the global 5G V2X Communications market. In the company profiling section, each player is comprehensively studied while focusing on its market share, recent developments, production, gross revenue, profit margin, and other factors. The competitive analysis shared in the report will help players to improve their strategies to better compete with other companies.

Top Players operating in the global 5G V2X Communications Market are:

Quectel
Harman International
CICTCI
LG Innotek
ZTE
SimCOM
Commsignia
Cohda Wireless
Neoway Technology
Huawei
Askey
Robert Bosch

Market Segmentation

The report offers deep insights into leading segments of the global 5G V2X Communications market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Details of 5G V2X Communications Market Segmentation: -

Segment by Type:

Hardware
Software

Segment by Application:

Intelligent Driving
Intelligent Transportation
Communications and Entertainment

Regional Analysis:

The report offers a deep geographical study of the global 5G V2X Communications market where growth prospects in key regions and countries are identified to help players expand their market presence. Market drivers for each regional market are broadly analyzed in the report. Moreover, the geographical analysis provided in the report could help readers to become familiar with challenges that are specific to the regional markets analyzed. All the regional and country-wise markets studied in the report are analyzed on the basis of growth rate, value, volume, and other vital factors. This will help readers to gain in-depth knowledge of the regional growth of the 5G V2X Communications market.

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global 5G V2X Communications market

(2) The report informs readers about future products and technologies to be introduced in the global 5G V2X Communications market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global 5G V2X Communications market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global 5G V2X Communications market

(5) The authors of the report have provided demand and growth trends of the global 5G V2X Communications market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries.

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Table of Content

1 Market Overview
1.1 5G V2X Communications Product Introduction
1.2 Global 5G V2X Communications Market Size Forecast (2020-2031)
1.3 5G V2X Communications Market Trends & Drivers
1.3.1 5G V2X Communications Industry Trends
1.3.2 5G V2X Communications Market Drivers & Opportunity
1.3.3 5G V2X Communications Market Challenges
1.3.4 5G V2X Communications Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global 5G V2X Communications Players Revenue Ranking (2024)
2.2 Global 5G V2X Communications Revenue by Company (2020-2025)
2.3 Key Companies 5G V2X Communications Manufacturing Base Distribution and Headquarters
2.4 Key Companies 5G V2X Communications Product Offered
2.5 Key Companies Time to Begin Mass Production of 5G V2X Communications
2.6 5G V2X Communications Market Competitive Analysis
2.6.1 5G V2X Communications Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by 5G V2X Communications Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in 5G V2X Communications as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Hardware
3.1.2 Software
3.2 Global 5G V2X Communications Sales Value by Type
3.2.1 Global 5G V2X Communications Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global 5G V2X Communications Sales Value, by Type (2020-2031)
3.2.3 Global 5G V2X Communications Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Intelligent Driving
4.1.2 Intelligent Transportation
4.1.3 Communications and Entertainment
4.2 Global 5G V2X Communications Sales Value by Application
4.2.1 Global 5G V2X Communications Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global 5G V2X Communications Sales Value, by Application (2020-2031)
4.2.3 Global 5G V2X Communications Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global 5G V2X Communications Sales Value by Region
5.1.1 Global 5G V2X Communications Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global 5G V2X Communications Sales Value by Region (2020-2025)
5.1.3 Global 5G V2X Communications Sales Value by Region (2026-2031)
5.1.4 Global 5G V2X Communications Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America 5G V2X Communications Sales Value, 2020-2031
5.2.2 North America 5G V2X Communications Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe 5G V2X Communications Sales Value, 2020-2031
5.3.2 Europe 5G V2X Communications Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific 5G V2X Communications Sales Value, 2020-2031
5.4.2 Asia Pacific 5G V2X Communications Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America 5G V2X Communications Sales Value, 2020-2031
5.5.2 South America 5G V2X Communications Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa 5G V2X Communications Sales Value, 2020-2031
5.6.2 Middle East & Africa 5G V2X Communications Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions 5G V2X Communications Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions 5G V2X Communications Sales Value, 2020-2031
6.3 United States
6.3.1 United States 5G V2X Communications Sales Value, 2020-2031
6.3.2 United States 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.3.3 United States 5G V2X Communications Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe 5G V2X Communications Sales Value, 2020-2031
6.4.2 Europe 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe 5G V2X Communications Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China 5G V2X Communications Sales Value, 2020-2031
6.5.2 China 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.5.3 China 5G V2X Communications Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan 5G V2X Communications Sales Value, 2020-2031
6.6.2 Japan 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan 5G V2X Communications Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea 5G V2X Communications Sales Value, 2020-2031
6.7.2 South Korea 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea 5G V2X Communications Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia 5G V2X Communications Sales Value, 2020-2031
6.8.2 Southeast Asia 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia 5G V2X Communications Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India 5G V2X Communications Sales Value, 2020-2031
6.9.2 India 5G V2X Communications Sales Value by Type (%), 2024 VS 2031
6.9.3 India 5G V2X Communications Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Quectel
7.1.1 Quectel Profile
7.1.2 Quectel Main Business
7.1.3 Quectel 5G V2X Communications Products, Services and Solutions
7.1.4 Quectel 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.1.5 Quectel Recent Developments
7.2 Harman International
7.2.1 Harman International Profile
7.2.2 Harman International Main Business
7.2.3 Harman International 5G V2X Communications Products, Services and Solutions
7.2.4 Harman International 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.2.5 Harman International Recent Developments
7.3 CICTCI
7.3.1 CICTCI Profile
7.3.2 CICTCI Main Business
7.3.3 CICTCI 5G V2X Communications Products, Services and Solutions
7.3.4 CICTCI 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.3.5 CICTCI Recent Developments
7.4 LG Innotek
7.4.1 LG Innotek Profile
7.4.2 LG Innotek Main Business
7.4.3 LG Innotek 5G V2X Communications Products, Services and Solutions
7.4.4 LG Innotek 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.4.5 LG Innotek Recent Developments
7.5 ZTE
7.5.1 ZTE Profile
7.5.2 ZTE Main Business
7.5.3 ZTE 5G V2X Communications Products, Services and Solutions
7.5.4 ZTE 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.5.5 ZTE Recent Developments
7.6 SimCOM
7.6.1 SimCOM Profile
7.6.2 SimCOM Main Business
7.6.3 SimCOM 5G V2X Communications Products, Services and Solutions
7.6.4 SimCOM 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.6.5 SimCOM Recent Developments
7.7 Commsignia
7.7.1 Commsignia Profile
7.7.2 Commsignia Main Business
7.7.3 Commsignia 5G V2X Communications Products, Services and Solutions
7.7.4 Commsignia 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.7.5 Commsignia Recent Developments
7.8 Cohda Wireless
7.8.1 Cohda Wireless Profile
7.8.2 Cohda Wireless Main Business
7.8.3 Cohda Wireless 5G V2X Communications Products, Services and Solutions
7.8.4 Cohda Wireless 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.8.5 Cohda Wireless Recent Developments
7.9 Neoway Technology
7.9.1 Neoway Technology Profile
7.9.2 Neoway Technology Main Business
7.9.3 Neoway Technology 5G V2X Communications Products, Services and Solutions
7.9.4 Neoway Technology 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.9.5 Neoway Technology Recent Developments
7.10 Huawei
7.10.1 Huawei Profile
7.10.2 Huawei Main Business
7.10.3 Huawei 5G V2X Communications Products, Services and Solutions
7.10.4 Huawei 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.10.5 Huawei Recent Developments
7.11 Askey
7.11.1 Askey Profile
7.11.2 Askey Main Business
7.11.3 Askey 5G V2X Communications Products, Services and Solutions
7.11.4 Askey 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.11.5 Askey Recent Developments
7.12 Robert Bosch
7.12.1 Robert Bosch Profile
7.12.2 Robert Bosch Main Business
7.12.3 Robert Bosch 5G V2X Communications Products, Services and Solutions
7.12.4 Robert Bosch 5G V2X Communications Revenue (US$ Million) & (2020-2025)
7.12.5 Robert Bosch Recent Developments
8 Industry Chain Analysis
8.1 5G V2X Communications Industrial Chain
8.2 5G V2X Communications Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 5G V2X Communications Sales Model
8.5.2 Sales Channel
8.5.3 5G V2X Communications Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

This 5G V2X Communications Market Research Report Contains Answers to your following Questions

(A) Which Manufacturing Technology is Used for 5G V2X Communications? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

(B) Who Are the Global Key Players in This 5G V2X Communications Market? What's Their Company Profile, Their Product Information, and Contact Information?

(C) What Was Global Market Status of 5G V2X Communications Market? What Was Capacity, Production Value, Cost and PROFIT of 5G V2X Communications Market?

(D) What Is Current Market Status of 5G V2X Communications Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of 5G V2X Communications Market by Taking Applications and Types in Consideration?

(E) What Are Projections of Global 5G V2X Communications Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

(F) What Is 5G V2X Communications Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

(G) What Is Economic Impact On 5G V2X Communications Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

(H) What Are Market Dynamics of 5G V2X Communications Market? What Are Challenges and Opportunities?

(I) What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for 5G V2X Communications Industry?

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