PUBLISHER: QYResearch | PRODUCT CODE: 1868051
PUBLISHER: QYResearch | PRODUCT CODE: 1868051
The global market for V2X for Commercial Vehicle was estimated to be worth US$ 13047 million in 2024 and is forecast to a readjusted size of US$ 55286 million by 2031 with a CAGR of 24.1% during the forecast period 2025-2031.
Commercial Vehicle V2X refers to the use of wireless communication technologies by in-vehicle devices to access and utilize dynamic information of all commercial vehicles on the network platform, thereby providing a variety of functional services during vehicle operation.
The Commercial Vehicle V2X industry mainly consists of terminal equipment manufacturers, telecom operators, data service providers, vehicle OEMs, V2X service operators (TSPs), content providers, and end users (including individuals, fleets, and enterprises). Terminal equipment manufacturers primarily supply onboard units (OBUs) and T-Boxes to OEMs; telecom operators-such as China Mobile, China Unicom, and China Telecom-mainly provide communication services to equipment suppliers and V2X operators. OEMs are responsible for vehicle sales, after-sales service, and pre-installed onboard systems.
V2X service operators (TSPs) typically provide services such as regulatory compliance, vehicle tracking and positioning, fleet management (including attendance, dispatching, efficiency optimization, route planning, and driver safety behavior), and cost-saving/value-added features (such as fuel consumption monitoring and ETC functionality).
The downstream application scenarios of Commercial Vehicle V2X mainly include city buses, long-distance passenger transport, express delivery, automotive logistics, chemical transportation, cold chain logistics, and e-commerce logistics. Due to the diversity of application scenarios, the functional requirements for V2X services in commercial vehicles also vary accordingly.
As the global digital transformation of transportation continues to deepen, commercial vehicle V2X is evolving from basic in-vehicle positioning and remote monitoring into an intelligent platform system with end-to-end service capabilities. These include regulatory compliance management, operational scheduling, intelligent driving, safety control, and data-driven value-added services.
From the application perspective, high-frequency usage scenarios such as express logistics, cold chain transportation, automotive logistics, and passenger transit are becoming the primary growth engines. These scenarios are not only accelerating the penetration of factory-installed V2X devices but also fostering deeper collaboration among TSP providers, OEMs, and platform operators. Particularly in express delivery and cold chain applications, V2X has evolved from a "compliance assurance tool" into a "core enabler of operational efficiency," empowering enterprises to reduce costs, achieve visualized management, and enhance customer experience.
Regionally, China - as the most dynamic V2X growth market globally - is entering a maturity phase driven by favorable policies, increased investment in new infrastructure, and the rising penetration of new energy vehicles. Domestic TSP providers are rapidly emerging, gradually building a service ecosystem centered on algorithmic platforms, integrated hardware-software solutions, and closed-loop data, resulting in a diversified competitive landscape.
Overall, commercial vehicle V2X is not only a cornerstone of intelligent transportation but also a key infrastructure supporting modern logistics, public mobility, and urban governance. With the advancement of V2X communication technologies, the integration of AI and big data, and the continuous expansion of downstream applications, the global commercial vehicle V2X market is poised to unlock sustained industrial dividends. It is becoming one of the most promising segments in the era of the digital economy. For OEMs, service operators, device manufacturers, and software platform providers, early deployment, capability building, and ecosystem development will be critical to securing a leading position in the next wave of smart mobility.
This report aims to provide a comprehensive presentation of the global market for V2X for Commercial Vehicle, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of V2X for Commercial Vehicle by region & country, by Type, and by Application.
The V2X for Commercial Vehicle 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 Commercial Vehicle.
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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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.