With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Much Will The Automotive V2X Market Be Worth By 2030?
The automotive v2x market size has experienced exponential growth in recent years. This market is projected to expand from $2.26 billion in 2025 to $3.31 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 46.2%. Historically, this expansion has been driven by factors such as the rise of connected vehicle technologies, heightened road safety concerns, government-led smart mobility initiatives, the uptake of advanced driver assistance systems, and the growing issue of urban traffic congestion.
The automotive v2x market is projected for significant expansion soon. It is anticipated to reach $15.49 billion by 2030, showing a compound annual growth rate (CAGR) of 47.1%. This expansion during the forecast period is primarily driven by the rollout of 5G networks, increased testing of autonomous vehicles, the spread of smart city infrastructure, a growing need for collision avoidance systems, and the incorporation of vehicle electrification platforms. Key developments expected in this period involve vehicle-to-infrastructure communication, real-time traffic data sharing, connected road safety mechanisms, cooperative driving technologies, and low-latency vehicle communication.
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The Key Driver Behind The Automotive V2X Market’s 47.1% CAGR
Progress in cutting-edge communication technologies, particularly 5G, is set to propel the automotive V2X market forward. As the fifth generation of wireless network technology, 5G provides enhanced speeds and expanded capacity for wireless services. Its superior data transfer capabilities compared to earlier generations like 4G and 3G lead to better V2X communication systems. For example, in April 2023, 5G Americas, a US-based industry trade organization made up of major telecommunications service providers and manufacturers, stated that worldwide 5G wireless connections grew by 76% by the close of 2022, totaling 1.05 billion. This figure is expected to hit 5.9 billion by the end of 2027. The increasing embrace of 5G will stimulate demand for V2X technologies utilized in vehicles, thereby boosting the automotive V2X market.
Automotive V2X Market Classification: Main Segments And Detailed Subsegments
The automotive v2x market covered in this report is segmented –
1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line Of Sight, Other Technologies
3) By Connectivity: Direct Short-Range Communications (DSRC), Cellular
4) 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)
Subsegments:
1) By Passenger Cars: Sedans, Hatchbacks, SUVs (Sport Utility Vehicles), Coupes, Convertibles
2) By Commercial Vehicles: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Buses And Coaches, Trucks, Vans
Automotive V2X Market Strategic Shifts: What Leading Players Are Prioritizing
Major companies operating in the automotive V2X market are concentrating on developing innovative solutions, such as cellular modules, to enhance real-time communication among vehicles, infrastructure, and pedestrians. This focus aims to improve road safety, increase traffic efficiency, and enable higher levels of autonomous driving. Cellular modules are compact hardware units that allow devices to access mobile network services for sending or receiving data. For instance, in April 2023, LG Innotek Co. Ltd., an electronics components manufacturer based in South Korea, launched its 2nd-generation 5G-V2X cellular module. This module is designed to support autonomous driving by providing high-speed, reliable communication between vehicles and their surroundings. It integrates communication and RF functionalities into a single, compact device, offering improved heat resistance, a reduced size, and enhanced connectivity performance under extreme environmental conditions. Its integration facilitates efficient communication essential for collision avoidance, traffic efficiency, and vehicle coordination in smart mobility systems.
Automotive V2X Market Company Analysis: Major Industry Participants
Major companies operating in the automotive v2x market are Robert Bosch GmbH; NXP Semiconductors N.V.; Qualcomm Technologies Inc.; Volvo Cars; Audi AG; Mercedes-Benz; BMW Group; Ford Motor Company; Cohda Wireless; Savari Inc.; Harman International; AT&T Inc.; Verizon Communications; Autotalks Ltd.; Infineon Technologies AG; STMicroelectronics; Renesas Electronics; Aptiv PLC; Samsung Electronics Co. Ltd.; LG Electronics; Continental AG; Delphi Technologies; Fibocom
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Automotive V2X Market Global Regional Breakdown: Key Regions Analyzed
North America was the largest region in the automotive V2X market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive v2x market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
