PUBLISHER: QYResearch | PRODUCT CODE: 1876109
PUBLISHER: QYResearch | PRODUCT CODE: 1876109
The global market for 5G V2X Communications was estimated to be worth US$ 184 million in 2024 and is forecast to a readjusted size of US$ 6862 million by 2031 with a CAGR of 66.7% during the forecast period 2025-2031.
5G V2X (Vehicle-to-Everything) communications refer to the advanced communication technology that utilizes the fifth generation of wireless networks to facilitate interactions between vehicles and various entities within their environment.
V2X is an umbrella term encompassing several types of communications:
Vehicle-to-Vehicle (V2V): Direct communication between vehicles to share information such as speed, location, and heading. This can improve safety by enabling collision avoidance systems.
Vehicle-to-Infrastructure (V2I): Communication between vehicles and road infrastructure, like traffic lights, road signs, and traffic management systems. This can optimize traffic flow and reduce congestion.
Vehicle-to-Pedestrian (V2P): Communication between vehicles and pedestrians or cyclists. This helps in enhancing the safety of vulnerable road users through alerts and warnings.
Vehicle-to-Network (V2N): Communication between vehicles and the broader cellular network. This includes interactions with cloud services for navigation, infotainment, and other internet-based services.
Vehicle-to-Device (V2D): Communication between vehicles and various devices, which could include smartphones, wearables, and other gadgets carried by pedestrians or cyclists.
The global 5G V2X (Vehicle-to-Everything) communications market is entering a transformative phase, underpinned by the convergence of next-generation wireless technologies and intelligent transportation systems. As automakers and smart city planners prioritize vehicle safety, traffic efficiency, and autonomous mobility, 5G V2X has emerged as a foundational technology enabling ultra-reliable, low-latency communications between vehicles and surrounding infrastructure. The market is currently led by key players such as Quectel, Harman International, and CICTCI, which together account for approximately 44% of the global market share. Quectel, in particular, holds the leading position with over 19% share, driven by its robust module portfolio and partnerships with global OEMs and Tier 1 suppliers.
From a product standpoint, hardware components-including communication modules, onboard units (OBUs), and roadside units (RSUs)-constitute the largest segment, contributing to over 64% of total market value. The complex demands of 5G V2X applications require hardware solutions that meet stringent requirements for latency, speed, and environmental durability. With the maturation of chipsets and edge computing, hardware providers are increasingly focusing on integration and interoperability to facilitate scalable deployment across vehicle platforms and road networks. While software and cloud platforms are critical enablers of V2X ecosystems, their market value remains secondary at this stage due to ongoing standardization efforts.
In terms of application, Intelligent Driving represents the dominant downstream use case, accounting for approximately 71% of global demand. This reflects the pivotal role of 5G V2X in enabling real-time situational awareness, cooperative collision avoidance, and advanced driver-assistance systems (ADAS). As OEMs accelerate the rollout of Level 3 and Level 4 autonomous driving capabilities, V2X will increasingly serve as a critical complement to onboard sensors such as LiDAR and radar.
Looking ahead, market expansion will be driven by improvements in network infrastructure, cross-industry standards development, and broader policy support for connected vehicle ecosystems. However, challenges around cybersecurity, data privacy, and regional regulatory harmonization remain key considerations for long-term scalability.
This report aims to provide a comprehensive presentation of the global market for 5G V2X Communications, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of 5G V2X Communications by region & country, by Type, and by Application.
The 5G V2X Communications 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 5G V2X Communications.
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 5G V2X Communications 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 5G V2X Communications 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 5G V2X Communications 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.