How big is the automotive V2X market

Q: How big is the automotive V2X market size?

The automotive V2X market is expected to reach USD 12.9 billion by 2031.

Q: What is the CAGR of the automotive V2X market during the forecast period?

The automotive V2X market is projected to grow at a CAGR of 21.1% during forecast period.

Q: How does 5G impact the V2X ecosystem?

5G provides ultra-low latency and high data throughput, making it essential for real-time V2X applications in autonomous driving.

Q: What are the main challenges in the V2X market?

High deployment costs, infrastructure readiness, interoperability issues, and cybersecurity risks are key challenges.

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How big is the automotive V2X market

Code: MTA5349

Publication Date: Jul 2025

How big is the automotive V2X market?

According to 绿帽社 internal database and industry insights, the automotive V2X (Vehicle-to-Everything) market was valued at approximately USD 3.4 billion in 2024 and is projected to reach USD 12.9 billion by 2031. The market is expected to grow at a CAGR of 21.1% during the forecast period.

This growth is driven by the rising demand for connected and autonomous vehicles, government mandates for road safety and intelligent transport systems, and rapid advancements in 5G and edge computing technologies.

Key Growth Factors of the Automotive V2X Market

Rising need for safer and more efficient road transportation

Government regulations mandating V2X and intelligent traffic systems

Increasing deployment of 5G for low-latency V2X communications

Growth in autonomous and connected vehicle technologies

Expansion of smart city infrastructure supporting V2I and V2N systems

OEM partnerships with telecom and cloud providers for V2X integration

Automotive V2X Market Trends

The market is seeing a strong shift toward cellular V2X (C-V2X) over DSRC due to better scalability and network support. Integration of V2X with ADAS and autonomous driving stacks is gaining pace. Automakers and governments are running large-scale V2X pilot programs. Cybersecurity and over-the-air (OTA) update capabilities are becoming integral to V2X deployment.

Emerging Developments in the Automotive V2X Market

Edge computing and AI are being embedded into V2X systems to support real-time decision-making in autonomous vehicles. V2X is increasingly being used for predictive collision avoidance, traffic light optimization, and pedestrian detection. Vehicle-to-cloud (V2C) and vehicle-to-grid (V2G) applications are being explored for energy efficiency and grid interaction in EVs.

Major Companies in the Automotive V2X Market

Qualcomm Technologies, Inc.

Autotalks Ltd.

Continental AG

NXP Semiconductors

Robert Bosch GmbH

Huawei Technologies Co., Ltd.

Cohda Wireless