Automotive V2X Market Research 2024–2030: Growth, Size & Opportunities
Automotive V2X Market Research 2024–2030: Growth, Size & Opportunities
Market Size, Growth & Valuation (2024-30)
Automotive V2X Market size is valued at USD 0.74 billion in 2024 & is projected to reach USD 11.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2024-30.
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Automotive V2X Market Structure – Segmentation & Geography
By Offering
- Hardware- Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
By Communication Type
- Vehicle-to-Vehicle (V2V) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Infrastructure (V2I) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Pedestrian (V2P) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Home (V2H) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Grid (V2G) Communication- Market Size & Forecast 2019-2030, USD Million
- Vehicle-to-Network (V2N) Communication- Market Size & Forecast 2019-2030, USD Million
The Vehicle-to-Vehicle (V2V) type of communication holds the largest market share in the Global Automotive V2X Market.
By Connectivity Type
- Dedicated Short Range Communications (DSRC) - Market Size & Forecast 2019-2030, USD Million
- Cellular Connectivity- Market Size & Forecast 2019-2030, USD Million
By Vehicle Propulsion Type
- Internal Combustion Engine (I.C.E.)
- Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
- Commercial Vehicle- Market Size & Forecast 2019-2030, USD Million
- Electric Vehicle- Market Size & Forecast 2019-2030, USD Million
Internal Combustion Engine vehicles hold the largest market share in the Global Automotive V2X Market based on the vehicle propulsion type segment.
By Sales Channel
- OEM- Market Size & Forecast 2019-2030, USD Million
- Aftermarket- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
The Asia Pacific region accounts for the largest market share in the Global Automotive V2X Market, as it accounts for the largest number of automobile sales specifically from China, India, Japan, and South Korea.
Key Growth Trends (2024-2030)
Rising Adoption of Vehicle-to-Everything (V2X) with 5G – Earlier V2X technology had a latency problem which would effectively limit their ability to perform efficiently. As the world is going through a mass deployment of 5G, automakers are looking at 5 G-enabled C-V2X or V2X for better performance and reliable communication of connectivity systems. Through 5G, vehicles integrated with the V2X connectivity can now get real-time updates, blind spot monitoring, and an efficient Vehicle-to-Infrastructure (V2I) communication system. This will allow connected vehicles on the road to have better situational awareness by effectively communicating with each other and their surrounding infrastructures. Recently, Autotalks in collaboration with Rolling Wireless will provide the first 5G V2X connectivity solutions for vehicles and e-bikes in the market.
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Research Methodology
MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.
Competitive Analysis Framework
The Automotive V2X industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.
Leading Automotive V2X Companies are:
- Continental AG
- Lear Corporation
- Strategic Initiatives
- Qualcomm, Inc.
- NXP Semiconductors
- LG Vehicle Component Solutions
- Commsignia
- HARMAN International
- Mobileye
- Miovision
- Infineon Technologies AG
- Denso Corporation
- Autotalks Ltd.
- Cohda Wireless
- Neusoft Corporation
- Huawei Technologies Co., Ltd.
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Key Questions Answered in This Report:
- What is the current market size of Automotive V2X, and what growth rate is projected by 2030?
- Which key trends are driving Automotive V2X market expansion in the next five years?
- How does market segmentation impact industry dynamics?
- Which geographic regions offer the highest growth potential?
- What are the primary challenges hindering Automotive V2X industry growth?
- How do regulatory policies influence market development?
- What are the latest technological advancements impacting the sector?
- Who are the leading Automotive V2X companies, and what are their market shares?
- What strategies are top competitors adopting to maintain dominance?
- What are the emerging niche segments with high growth potential?
- How do macroeconomic factors affect market performance?
- What are the investment opportunities for new entrants?
- How does pricing strategy vary across different market segments?
- What are the future innovation trends expected in this industry?
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