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Automotive Vehicle-to-Everything (V2X) Market Share

Report ID: GMI5844
Published Date: Dec 2024
Report Format: PDF

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Automotive Vehicle-to-Everything Market Share

Automotive Vehicle-to-Everything (V2X) Company Market Share, 2024

Qualcomm Technologies, Continental, and Infineon Technologies collectively held a substantial market share of 30% in the automotive vehicle-to-everything (V2X) industry in 2024. Qualcomm Technologies leads with its advanced chipsets enabling C-V2X communication, focusing on the development of 5G-based solutions. By partnering with global automakers and telecom providers, Qualcomm strengthens its position as a key player in vehicle connectivity, providing robust communication platforms for both autonomous and connected vehicle applications across the automotive industry.

Continental specializes in hardware and software solutions for V2X, including sensor systems, on-board units, and advanced driver assistance systems. Leveraging its strong automotive legacy, Continental collaborates with OEMs and infrastructure providers, contributing to the development of smart cities and enhancing vehicle safety and efficiency through integrated connectivity and cutting-edge V2X technologies.

Automotive Vehicle-to-Everything Market Companies

Major players operating in the automotive vehicle-to-everything (V2X) industry are:

Aptiv
Bosch
Continental
Denso
Ficosa
Harman
Huawei
Infineon
NXP
Qualcomm

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive vehicle-to-everything reached USD 4.1 billion in 2024 and is set to grow at a 25.1% CAGR from 2025 to 2034, driven by increasing demand for enhanced road safety and advancements in autonomous driving technologies.

The hardware segment held over 64% of the market share in 2024 and is expected to exceed USD 24.8 billion by 2034, driven by advancements in high-performance sensors, antennas, and onboard units.

The Europe market accounted for 34% of the revenue share in 2024 and is poised to exceed USD 12.4 billion by 2034, led by Germany's strong automotive sector and government initiatives.

The major players in the industry include Aptiv, Bosch, Continental, Denso, Ficosa, Harman, Huawei, Infineon, NXP, and Qualcomm.