PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779584
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779584
Global Vehicle-to-Everything (V2X) Chipset Market Zooming 16.7X to Cross USD 31 Billion by 2031
Global Vehicle-to-Everything (V2X) Chipset Market is flourishing because of the increasing adoption of connected and autonomous vehicles, supportive government regulations and infrastructure grants, and the overarching goals of enhancing road safety and reducing emissions.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Vehicle-to-Everything (V2X) Chipset Market size at USD 1.87 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Vehicle-to-Everything (V2X) Chipset Market size to expand at a CAGR of 49.5% reaching a value of USD 31.16 billion by 2031. The growth of Vehicle-to-Everything (V2X) Chipset Market across the regions is propelled by an increasing focus on road safety, advancements in autonomous driving, and supportive government regulations aimed at reducing accidents and improving traffic flow. The rollout of 5G networks is crucial, enabling real-time vehicle-to-infrastructure communication for more efficient and safer urban mobility. Furthermore, rapid urbanization and the demand for sustainable transportation are spurring investments in smart city infrastructure, including intelligent traffic systems and EV charging networks. Examples like DENSO's MobiQ and the U.S. Department of Transportation's smart city strategy highlight the critical role of V2X technologies in modernizing transportation.
Impact of Escalating Geopolitical Tensions on Global Vehicle-to-Everything (V2X) Chipset Market
Intensifying geopolitical tensions could disrupt the growth of Global Vehicle-to-Everything (V2X) Chipset Market. Trade restrictions and sanctions can disrupt global semiconductor supply chains, leading to production delays and limited component availability. Such instability also hinders cross-border collaborations and R&D investments, impeding technological advancements in V2X communication. Furthermore, heightened cybersecurity concerns in volatile geopolitical environments necessitate stricter compliance, driving up development costs. These uncertainties collectively discourage international partnerships and slow V2X technology adoption, ultimately restraining market growth and the deployment of intelligent transportation systems worldwide.
Europe Leads Global Vehicle-to-Everything (V2X) Chipset Market
Europe currently holds the largest share in Global Vehicle-to-Everything (V2X) Chipset Market. Germany is a key driver of this regional strength, supported by its robust automotive industry and proactive government initiatives aimed at advancing intelligent transportation systems. Significant investments in 5G infrastructure and autonomous driving pilot programs are accelerating technological development. Furthermore, strong collaboration among automakers, technology firms, and regulatory bodies is facilitating the seamless integration of connected vehicle technologies, firmly positioning Germany as a vital contributor to the evolution of smart mobility and advanced road infrastructure.
Competitive Landscape
Major companies in Global Vehicle-to-Everything (V2X) Chipset Market include Cohda Wireless, Infineon Technologies, Autotalks, STMicroelectronics, Savari, Texas Instruments, NXP Semiconductors, Intel, Visteon, Analog Devices, Huawei Technologies, Qualcomm Technologies, Renesas Electronics, Continental, and Qorvo. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Vehicle-to-Everything (V2X) Chipset Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Vehicle-to-Everything (V2X) Chipset Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable