PUBLISHER: QYResearch | PRODUCT CODE: 1858778
PUBLISHER: QYResearch | PRODUCT CODE: 1858778
The global market for V2X for Automotive was estimated to be worth US$ 3149 million in 2024 and is forecast to a readjusted size of US$ 24089 million by 2031 with a CAGR of 35.7% during the forecast period 2025-2031.
Vehicle-to-Everything (V2X) communication is a large-scale network system based on in-vehicle networks, inter-vehicle networks, and mobile internet connectivity. It enables wireless communication and information exchange between vehicles, roads, pedestrians, and the internet according to agreed-upon communication protocols and standards. It collects vehicle environmental and status data through GPS, RFID, sensors, and camera image processing. Utilizing internet technology, this information is transmitted and aggregated to a central processing unit. Computer technology then analyzes and processes vast amounts of vehicle data to enable functions such as optimal route planning, real-time traffic reporting, and traffic signal timing coordination. The system encompasses five key elements: people, vehicles, roads, communications, and service platforms.
Key Players
Traditional Tech Companies: Huawei has demonstrated diversified business in the vehicle-road coordination sector, leveraging its strengths in communication and cloud technologies to provide connected vehicle solutions. Baidu launched Carlife, enabling smartphone-to-vehicle system connectivity, while also making significant strides in autonomous driving R&D. Tencent continuously upgrades its connected vehicle services, maintaining leadership in in-vehicle information services through scale advantages and expanding its connected vehicle business via investments.
Automotive Electronics & Components Firms: Desay SV has a well-rounded product portfolio and proactively develops new technologies, boasting extensive product and technical reserves in infotainment systems and autonomous driving assistance systems. Joyson Smart Mobility, a rapidly growing independent division of Joyson Electronics, focuses on R&D and sales of connected vehicle products and services.
Specialized V2X Companies: BOTY offers comprehensive V2X services with a broad client base, covering in-vehicle information services and intelligent driving. NavInfo's subsidiary, NavInfo Intelligent Connectivity, leverages its mapping expertise to provide critical data and services like high-precision maps for V2X applications.
Development Trends
Market Scale Continues to Expand: Driven by technological advancements and sustained policy support, the connected vehicle market will maintain rapid growth. Both the global and Chinese markets are projected to expand significantly in the coming years.
Technological Innovation Drives Industry Upgrades: Breakthroughs in 5G, big data, cloud computing, and artificial intelligence will inject new momentum into connected vehicle development. These technologies will enhance intelligence and connectivity, enabling more precise traffic forecasting, intelligent decision-making, and autonomous driving capabilities.
Cross-Industry Integration and Ecosystem Development: The V2X industry will intensify cross-sector collaboration, fostering closer partnerships among automotive manufacturers, telecom operators, software developers, and hardware suppliers. By building an open, collaborative, and mutually beneficial V2X ecosystem, stakeholders will collectively drive the industry's prosperous development.
Upstream and Downstream Impacts
Impact on Upstream: The upstream primarily includes component suppliers such as chips, sensors, and communication modules, as well as software developers. The development of IoT for vehicles imposes higher demands on chip computing power, sensor accuracy and reliability, and communication module transmission speed and stability. This drives upstream enterprises to continuously increase R&D investment and enhance product performance. Simultaneously, the growing demand for software related to IoT for vehicles propels software developers to innovate and optimize relevant software solutions.
Downstream Impact: V2X is revolutionizing the automotive industry by accelerating the shift toward intelligent and connected vehicles, thereby enhancing automotive value and competitiveness. In transportation, V2X facilitates intelligent traffic management, improves traffic efficiency, reduces accidents, and alleviates congestion. Furthermore, it has spawned new business models and services-such as V2X-enabled shared mobility and UBI insurance-creating fresh opportunities for related industries.
This report aims to provide a comprehensive presentation of the global market for V2X for Automotive, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of V2X for Automotive by region & country, by Type, and by Application.
The V2X for Automotive market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding V2X for Automotive.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of V2X for Automotive company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of V2X for Automotive in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of V2X for Automotive in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.