Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Vehicle-to-Everything (V2X) Communication System Market Outlook

The global vehicle-to-everything (V2X) communication system market is estimated to grow at a CAGR of almost 15.6% in the forecast period of 2024-2032.

Global Vehicle-to-Everything (V2X) Communication System Market

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The global vehicle-to-everything (V2X) communication system industry is being driven by the growing demand for autonomous cab and parcel delivery fleets, coupled with the growing market for autonomous vehicles.

Market Segmentation

The global vehicle-to-everything (V2X) communication system market can be divided based on segments like vehicle types and regions.

Global Vehicle-to-Everything (V2X) Communication System Market By Vehicle Type

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  • Vehicle Type:
    • Passenger Vehicle
    • Commercial Vehicle

The EMR report looks into the regional vehicle-to-everything (V2X) communication system markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Global Vehicle-to-Everything (V2X) Communication System Market By Region

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Market Analysis

With the growing popularity of self-driven cars, the vehicle-to-everything (V2X) communication system is emerging as a common feature in such vehicles. In autonomous vehicles, the V2X communication system is used as it can form a communication medium between vehicles and other vehicles, homes, networks, and grids, further enhancing the safety and driving experience for the consumer. With the advancement in technology and development in the field of vehicle-to-everything (V2X) communication system, the industry is witnessing an increased growth. Further, autonomous vehicles, being used as cabs and parcel delivery services, gathers massive data while on its route, which is analysed using V2X communication devices incorporated into these vehicles. Thus, the use of the V2X communication system is expected to increase in such devices over the forecast period to improve business efficiency and reduce labour cost.

The passenger vehicle segment, among other vehicle types, dominated the global vehicle-to-everything (V2X) communication system industry in 2020. Region-wise, North America accounted for the largest share in the industry in 2020 owing to the growing production of autonomous vehicles in the region.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global vehicle-to-everything (V2X) communication system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • NXP Semiconductors N.V.
  • Continental AG 
  • Autotalks Ltd.
  • Qualcomm Inc. 
  • Robert Bosch GmbH
  • Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Vehicle Type
  • Region
Breakup by Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • NXP Semiconductors N.V.
  • Continental AG 
  • Autotalks Ltd.
  • Qualcomm Inc. 
  • Robert Bosch GmbH
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 15.6% between 2024 and 2032.

The major drivers of the market are increasing technological innovations in autonomous vehicles and rising development and commercialisation of cellular technologies.

The key trends guiding the growth of the market include the rapid rise of AI and 5G and extensive research and development activities undertaken by key global players.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The two main vehicle types in the market are passenger vehicle and commercial vehicle.

The major players in the global vehicle-to-everything (V2X) communication system market are NXP Semiconductors N.V., Continental AG, Autotalks Ltd., Qualcomm Inc., and Robert Bosch GmbH, among others.

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