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Automotive Vehicle-to-Everything (V2X) Market Trends

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

Automotive Vehicle-to-Everything Market Trends

The adoption of cellular-based communication technology is surging, driven by the global rollout of 5G networks. This shift enables faster, more reliable data exchange between vehicles, infrastructure, and pedestrians. Integration with artificial intelligence and edge computing enhances real-time decision-making capabilities, supporting advanced driver-assistance systems and the transition toward autonomous driving in increasingly connected urban environments.
 

For instance, in August 2024, Keysight Technologies, Ettifos, and Autotalks collaborated to successfully conduct the first interoperability test for 3GPP Release 16 sidelink radio communications. This milestone marks a significant advancement in 5G vehicle-to-everything (V2X) technology, paving the way for faster adoption. The technology offers higher throughput, improved reliability, and lower latency, revolutionizing vehicle communication systems.
 

The deployment of connected communication systems faces significant challenges due to high infrastructure costs, which hinder large-scale adoption, particularly in developing regions. Establishing robust roadside units, network connectivity, and maintenance requires substantial investment, limiting accessibility. Additionally, the reliance on real-time data exchange introduces cybersecurity vulnerabilities, posing risks to vehicle safety and user data.
 

Unauthorized access or hacking of these systems can disrupt traffic management, compromise personal information, and even jeopardize passenger safety. Overcoming these obstacles demands significant investment in affordable infrastructure solutions and robust cybersecurity measures to ensure reliability, safety, and widespread implementation of advanced communication technologies.

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.

Automotive V2X Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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