Automotive V2X Market Size, Share, and Trends 2024 to 2034

The global automotive V2X market size was USD 1.31 billion in 2023, calculated at USD 1.91 billion in 2024 and is projected to surpass around USD 80.49 billion by 2034, expanding at a CAGR of 45.4% from 2024 to 2034.

  • Last Updated : September 2024
  • Report Code : 1112
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Connectivity Type Analysis
4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive V2X Market, By Communication

7.1. Automotive V2X Market, by Communication Type, 2024-2034
7.1.1. Vehicle-To-Infrastructure (V2I)
7.1.1.1. Market Revenue and Forecast (2021-2034)
7.1.2. Vehicle-To-Grid (V2G)
7.1.2.1. Market Revenue and Forecast (2021-2034)
7.1.3. Vehicle-To-Vehicle (V2V)
7.1.3.1. Market Revenue and Forecast (2021-2034)
7.1.4. Vehicle-To-Home (V2H)
7.1.4.1. Market Revenue and Forecast (2021-2034)
7.1.5. Vehicle-To-Pedestrian (V2P)
7.1.5.1. Market Revenue and Forecast (2021-2034)
7.1.6. Vehicle-To-Network (V2N)
7.1.6.1. Market Revenue and Forecast (2021-2034)

Chapter 8. Global Automotive V2X Market, By Vehicle

8.1. Automotive V2X Market, by Vehicle, 2024-2034
8.1.1. Commercial Vehicles (CV)
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Passenger Cars
8.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Automotive V2X Market, By Connectivity Type

9.1. Automotive V2X Market, by Connectivity Type, 2024-2034
9.1.1. Cellular Connectivity
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. DSRC
9.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Automotive V2X Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Communication (2021-2034)
10.1.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.1.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Communication (2021-2034)
10.1.4.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.1.4.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Communication (2021-2034)
10.1.5.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.1.5.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Communication (2021-2034)
10.2.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.2.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Communication (2021-2034)
10.2.4.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.2.4.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Communication (2021-2034)
10.2.5.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.2.5.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Communication (2021-2034)
10.2.6.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.2.6.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Communication (2021-2034)
10.2.7.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.2.7.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Communication (2021-2034)
10.3.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.3.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Communication (2021-2034)
10.3.4.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.3.4.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Communication (2021-2034)
10.3.5.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.3.5.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Communication (2021-2034)
10.3.6.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.3.6.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Communication (2021-2034)
10.3.7.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.3.7.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Communication (2021-2034)
10.4.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.4.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Communication (2021-2034)
10.4.4.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.4.4.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Communication (2021-2034)
10.4.5.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.4.5.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Communication (2021-2034)
10.4.6.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.4.6.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Communication (2021-2034)
10.4.7.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.4.7.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Communication (2021-2034)
10.5.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.5.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Communication (2021-2034)
10.5.4.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.5.4.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Communication (2021-2034)
10.5.5.2. Market Revenue and Forecast, by Vehicle (2021-2034)
10.5.5.3. Market Revenue and Forecast, by Connectivity Type (2021-2034)

Chapter 11. Company Profiles

11.1. Continental AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Delphi Automotive LLP
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. NXP Semiconductors
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. TomTom International B.V.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Qualcomm, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Robert Bosch GmbH
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. HARMAN International
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cisco Systems, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mobileye
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Infineon Technologies AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Frequently Asked Questions

The global automotive V2X market value is expected to surpass USD 80.49 billion by 2034 from USD 1.31 in 2023.

The global automotive V2X market is expected to grow at a CAGR of 45.4% over forecast period 2024 to 2034.

Increasing sales of passenger as well as commercial vehicles across the globe contribute significantly to drive the market. Increasing traffic congestion, greenhouse gas emission rising number of accidents have forced governments of various regions to impose stringent safety and emission norms. V2X technology helps driver to improve safety of the vehicle as well as it reduces the greenhouse gas emission from the vehicle, thereby accelerating the demand of the technology in the coming years. Furthermore, the concept of driverless cars and autonomous vehicles are still under their research phase and expected to take years to be commercialized.

Some of the key players operating in the market are Continental AG, Qualcomm, Inc., Delphi Automotive LLP, NXP Semiconductors, TomTom International B.V., Robert Bosch GmbH, HARMAN International, Cisco Systems, Inc., Mobileye, and Infineon Technologies AG among others.

North America led the global automotive V2X market with significant revenue share in the year 2023. Ease of technology adoption along with the region being one of the largest markets for automobile are some of the prime factors that drives the growth of the region.

Based on vehicle type, passenger vehicles accounted for the largest market value share of nearly 75% in the year 2023 and analyzed to continue its dominance during the forecast period.

By communication type, Vehicle-To-Vehicle (V2V) projected to dominate the global automotive V2X market during the forecast period.

Based on connectivity type, Dedicated Short Range Connectivity (DSRC) seeks to capture maximum revenue share in the present as well as during the forecast period. Ease of implementation along with cost benefits of DSRC over the cellular connectivity expected to drive the growth of the segment.

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