Automotive V2X Market Insights, Share & Growth Trends 2024-30

Global Automotive V2X Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Automotive V2X market. The research report on the Automotive V2X Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “Global Automotive V2X Market size is valued at USD 0.74 billion in 2024 is projected to reach USD 11.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2024-30.

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Global Automotive V2X Market Opportunity:

Rising Adoption of Electric and Autonomous Vehicles– Globally, the trend of adoption of autonomous and electric vehicles is rising. As per the International Energy Agency, in 2023, electric vehicle sales accounted for around 14 million, rising 35% YoY from 2022. The electric vehicle sales in the last during 2019-24 have grown by nearly six times. Whereas the semi-autonomous also showed significant growth. According to by Goldman Sachs, by 2030, 10% of total automobiles worldwide would have Level-3 autonomy.

These automobiles will come with various smart and connected technologies such as assisted driving or self-driving capabilities, that provide the driver with an enhanced driving experience. Apart from the changing policy across the globe regarding the adoption of V2X technologies, major automakers will also provide significant growth opportunities to the Global Automotive V2X Market over the forecasted period.

Global Automotive V2X Market Segment Geography [2024-30]

The Automotive V2X market is segmented into significant segments based on Geography.

-By Offering

Hardware- Market Size Forecast 2019-2030, USD Million
Software- Market Size Forecast 2019-2030, USD Million

-By Communication Type

Vehicle-to-Vehicle (V2V) Communication- Market Size Forecast 2019-2030, USD Million
Vehicle-to-Infrastructure (V2I) Communication- Market Size Forecast 2019-2030, USD Million
Vehicle-to-Pedestrian (V2P) Communication- Market Size Forecast 2019-2030, USD Million
Vehicle-to-Home (V2H) Communication- Market Size Forecast 2019-2030, USD Million
Vehicle-to-Grid (V2G) Communication- Market Size Forecast 2019-2030, USD Million
Vehicle-to-Network (V2N) Communication- Market Size Forecast 2019-2030, USD Million

-By Connectivity Type

Dedicated Short Range Communications (DSRC) - Market Size Forecast 2019-2030, USD Million
Cellular Connectivity- Market Size Forecast 2019-2030, USD Million

-By Vehicle Propulsion Type

Internal Combustion Engine (I.C.E.)
Electric Vehicle- Market Size Forecast 2019-2030, USD Million

-By Sales Channel

OEM- Market Size Forecast 2019-2030, USD Million
Aftermarket- Market Size Forecast 2019-2030, USD Million

Geographical Analysis

-By Region

North America
South America
Europe
Middle East Africa
Asia Pacific

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Top Companies Essentially Working in Automotive V2X Market

Continental AG
Lear Corporation
Qualcomm, Inc.
NXP Semiconductors
LG Vehicle Component Solutions
Commsignia
HARMAN International
Mobileye
Miovision
Infineon Technologies AG
Denso Corporation
Autotalks Ltd.
Cohda Wireless
Neusoft Corporation
Huawei Technologies Co., Ltd.
Others

Frequently Asked Questions (FAQs)-

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What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
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Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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