Report overview
The global C-V2X market size was valued at US$ 3.45 billion in 2024 and is projected to reach US$ 12.67 billion by 2030, at a CAGR of 24.2% during the forecast period 2024-2030.
The United States C-V2X market size was valued at US$ 892.4 million in 2024 and is projected to reach US$ 3.12 billion by 2030, at a CAGR of 23.2% during the forecast period 2024-2030.
C-V2X technology enables vehicles to communicate with other vehicles, infrastructure, pedestrians, and networks using cellular connectivity for improved safety and traffic efficiency.
The global market is experiencing rapid growth, driven by autonomous vehicle development and smart city initiatives. In 2023, installations reached 2.5 million units globally, with passenger vehicles accounting for 65% of deployments. The market saw a 70% increase in 5G C-V2X adoption in 2023. Vehicle-to-Vehicle (V2V) applications dominate with a 45% market share, while Vehicle-to-Infrastructure (V2I) solutions are growing at 30% annually. Asia Pacific leads with a 40% market share and is the fastest-growing region at 26.5% CAGR. The industry is focusing on developing advanced safety applications, with an 80% growth in R&D investments for low-latency communications.
Report Overview
Vehicle-to-everything(V2X) communication is the passing of information from a vehicle to any entity that may affect the vehicle, and vice versa. This report mainly studies Cellular Vehicle To Everything market.
This report provides a deep insight into the global Cellular Vehicle-to-Everything (C-V2X) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cellular Vehicle-to-Everything (C-V2X) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cellular Vehicle-to-Everything (C-V2X) market in any manner.
Global Cellular Vehicle-to-Everything (C-V2X) Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Continental
Qualcomm
NXP Semiconductors
Robert Bosch
Delphi Automotive
Intel
Infineon Technologies
Tomtom
Harman International
Nvidia Corporation
Autotalks
Cohda Wireless
Daimler
Audi
Market Segmentation (by Type)
Hardware
Software
Market Segmentation (by Application)
Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian (V2P)
Vehicle-to-Device (V2D)
Vehicle-to-Grid (V2G)
Vehicle-to-Cloud (V2C)
Geographic Segmentation
