Global Automotive V2X Market to Reach USD 96.8 Billion by 2033, Impelled by Rising Incidences of Road Accidents

January 03, 2025 | Technology & Media

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The latest report by IMARC Group, titled “Automotive V2X Market Report 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)), Connectivity (Dedicated Short-Range Communication (DSRC), Cellular-V2X (C-V2X) Communication), Vehicle Type (Passenger Cars, Commercial Vehicles), and Region 2025-2033,” finds that the global automotive V2X market size reached USD 6.2 Billion in 2024. Automotive vehicle to everything (V2X) is an advanced communication system that supports the real-time exchange of information between infrastructure, cloud, and vehicles. It includes vehicle-to-vehicle (V2V), vehicle-to-pedestrian (V2P), and vehicle-to-infrastructure (V2I) communication systems. It helps avoid traffic, the severity of injuries, road accident fatalities, and collisions with other vehicles. Owing to these properties, automotive V2X technology is widely adopted in vehicles to allow drivers to receive information about approaching vehicles, road conditions, weather patterns, and activities of other drivers, thereby safeguarding the vehicle and its passengers.

Global Automotive V2X Market Trends:

The market is primarily driven by the rising incidences of road accidents across the globe. Nowadays, manufacturers are integrating automotive V2X to enhance fuel savings, traffic efficiency, and driver and road safety. In addition, the implementation of stringent government regulations to minimize carbon emissions represents another major growth-inducing factor. Besides this, various key players are offering hybrid solutions that involve 4G and 5G network access, dedicated short-range communication (DSRC), and cellular V2X communication to expand their existing consumer base and retain their position in the market. This, coupled with the increasing partnerships between cellular and transportation companies, and the rising deployment of 5G technology to deliver efficient and innovative transportation solutions, is creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 96.8 Billion by 2033, exhibiting a CAGR of 33.92% during the forecast (2025-2033).

Market Summary:

Based on the communication, the market has been classified into vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to-device (V2D).
On the basis of connectivity, the market has been bifurcated into dedicated short-range communication (DSRC) and cellular V2X (C-V2X) communication.
The market has been segregated based on the vehicle type into passenger cars and commercial vehicles.
Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being Autotalks Ltd, Capgemini SE, Continental AG, HARMAN International (Samsung Electronics Co. Ltd.), Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc, Robert Bosch GmbH and STMicroelectronics N.V.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Communication, Connectivity, Vehicle Type, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Autotalks Ltd, Capgemini SE, Continental AG, HARMAN International (Samsung Electronics Co. Ltd.), Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc, Robert Bosch GmbH and STMicroelectronics
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Automotive V2X Market to Reach USD 96.8 Billion by 2033, Impelled by Rising Incidences of Road Accidents

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