Automotive V2X Market Updates

Global Automotive V2X Market size was valued at USD 1.3 Billion in 2023 and is poised to grow from USD 1.88 Billion in 2024 to USD 3.55 Billion by 2032, growing at a CAGR of 44.3% during the forecast period (2025-2032).

Automotive V2X providers should focus on creating solutions for autonomous vehicles to maximize their business potential. Investing in integration of different automotive technologies with V2X offerings can also help companies boost revenue generation. Countries with developed technological infrastructure and high emphasis on safety are more likely to lead global automotive V2X market analysis. 'China Unicom', 'Commsignia', 'Continental AG', 'Aptiv', 'Qualcomm Technologies, Inc.', 'NXP Semiconductors', 'Robert Bosch GmbH', 'TomTom International BV', 'HARMAN International', 'Mobileye', 'Cisco Systems Inc.', 'DENSO CORPORATION', 'Infineon Technologies AG'

Modern vehicles are increasingly equipped with connectivity features such as in-vehicle infotainment, telematics, and navigation systems. This trend aligns with the broader adoption of V2X technologies. As more connected cars hit the road, the network effect of V2X grows stronger, enhancing its utility and effectiveness. Hence, standardization of connected capabilities in vehicles is slated to benefit the global automotive V2X market outlook.

Shift from DSRC to Cellular-V2X (C-V2X): C-V2X leverages existing 4G/5G infrastructure, offering lower latency, wider coverage, and better scalability. Automakers and telecom providers now support C-V2X for its ability to integrate with future autonomous systems and smart city networks. Regulatory backing, particularly in China and the EU, further helps this automotive V2X market trend emerge as a highly opportune one for the future.

Why are Automotive V2X Companies Investing Actively in North America?