Cellular Vehicle-to-Everything (C-V2X) Market Size - By Communication, By Component, By Vehicle, By Application, Growth Forecast, 2025 - 2034

Cellular Vehicle-to-everything Market Size

The cellular vehicle-to-everything market was valued at USD 1.2 billion in 2024 and is projected to grow at a CAGR of 33.1% between 2025 and 2034. The escalating number of road accidents on highways is shifting the focus on the need for C-V2X technology. The infrastructure, vehicles, and pedestrians can communicate with each other through C-V2X and prevent collisions which further improves traffic management.
 

For example, in October 2023, the Ministry of Road Transport and Highways published an Annual Report on ‘Road Accidents in India-2022’. There were 151,997 reported road accidents on Expressways and National Highways in India including 144,352 injuries and 61,038 deaths. The mitigating contingent of intelligent traffic systems can intervene and reduce the occurrence of such events which is why C-V2X technologies receive attention in developing intelligent traffic systems.
 

C-V2X technology is particularly important for the development of autonomous vehicles, as their strong communication system relies on it. C-V2X technology allows autonomous vehicles to communicate with each other and share important information such as their speed, position, and driving intention. This information is vital in achieving safety for all drivers and passengers using autonomous vehicles. As CAVs traverse through dense traffic, they become acutely aware of their environment which makes it extremely important for the safe and efficient operation of autonomous vehicles.
 

As Statista suggests, in 2019 the number of cars using automation technology, to any degree, across the globe was about 31 million. This figure is expected to exceed 54 million by 2024. There will therefore be a corresponding expansion in the market for self-driving cars. As of 2021, this market was worth just above 24 billion U.S. dollars, but it is anticipated that by 2026 it will be nearly 62 billion U.S. dollars.
 

Cellular Vehicle-to-everything Market Trends

• The C-V2X industry is profiting from government policies geared towards the adoption of cellular vehicle-to-everything (C-V2X) systems as standards for road safety systems. The adoption of C-V2X as a standardized communication protocol improves interoperability and enables easier integration.
   
• As an example, in December 2023, South Korea has set C-V2X direct communications as the standard for its future vehicle communication system. The ministry of Science and ICT and the Ministry of Land, Infrastructure and Transport confirmed the sole usage of LTE-V2X in the building of the Cooperative-Intelligent Transport Systems (C-ITS) on the national framework.
   
• Adoption of C-V2X is being propelled by smart city initiatives internationally, which is a foremost factor driving growth for the C-V2X market. With the growing emphasis placed by cities towards establishing advanced intelligent transport systems, the use of C-V2X technology is vital to improve traffic conditions and mobility movement in the city. The integration of C-V2X into cites infrastructure enhances the traffic, minimizes traffic jams and enhances safety on the roads.
   
• For instance, the smart cities market is forecasted to experience significant revenue growth, with a projection of USD 79.9 bn in 2025 which, according to Statista, will further increase at a CAGR of 9.60% between 2025 and 2029, leading to a market volume of USD 115.3 bn by 2029.
   

Trump Administration Tariffs

• Import tariffs on Chinese electronics and technological components would force C-V2X suppliers to re-organize their supply chains to accommodate higher costs for communication modules and semiconductors. Companies may relocate to regions that are tariff-free. However, this might impact the production schedules, increase input costs and lower profit margins for deployment of C-V2X systems in the international markets.
   
• Trade restrictions may hinder some partnerships essential for the development of C-V2X technology, especially between telecommunication or automotive firms from Asia and U.S. companies. These changes might limit the dissemination of important concepts, curtail the standardization of pivotal technologies, or stall efforts for interoperability on a global scale which could restrict the growth rate of advanced vehicle communication networks in different regions of the world.
   
• A rise in import tariffs is expected to increase the cost of both local and foreign production, which will likely raise the cost of C-V2X enabled vehicles in the value chain towards the end. Adoption rates may also decline with increased price sensitivity. This is likely to lead consumers to postpone upgrading, resulting in the postponed deployment of C-V2X technologies, which will have negative impacts on smart mobility initiatives in the future.
   

Cellular Vehicle-to-everything Market Analysis

Based on components, the cellular vehicle-to-everything market is divided into hardware and software. In 2024, the hardware segment dominated the market accounting for around 67% share and is expected to grow at a CAGR of over 33% during the forecast period.
 

• Hardware equipment remains supreme and possesses the highest market share in the cellular vehicle to everything C-V2X due to the unlockable features V2X communication offers. This includes embedded modules, on board units (OBUs), roadside units (RSUs), antennas and sensors which are all pivotal in the enabling of data capturing and transferring for real time data pertaining to traffic.
   
• Automotive OEMs have integrated these at the manufacturing stage to aid advanced automation as well as safety and navigation features. Further spending by governments and municipalities on roadside infrastructure to enhance V2I communication enables even stronger hardware market growth.
   
• For example, Continental Automotive Technologies joined forces with NOVOSENSE Microelectronics to develop advanced automotive grade sensors which are aimed at boosting vehicle safety in November 2024. This agreement was made under a memorandum of understanding MOU. The deal is aimed at designing ICs for some of the most crucial safety applications like airbag trigger systems and battery pack monitors.
   

Based on vehicles, the cellular vehicle-to-everything market is segmented into passenger vehicles and commercial vehicles. In 2024, the passenger vehicles segment dominates the market with 68% of market share and the segment is expected to grow at a CAGR of over 33.5% from 2025 to 2034.
 

• The reason for passenger vehicles dominating the market share for cellular vehicle-to-everything (C-V2X) technology is because of the high volume of demand and supply and the need for driver-assistance systems and ADAS.
   
• The development of C-V2X communications with ADAS synergistically drives both technologies functionalities. ADAS has benefits from C-V2X by receiving additional communications related to the vehicle's status, movements, and hazards that are encountered or might be encountered.
   
• For example, in May 2023, Stellantis used its new Emergency Vehicle Alert System (EVAS) on over 1.8 million vehicles in North America, marking an advanced use of Vehicle-to-Everything (V2X) technology. This system improves driver’s situational awareness and safety by warning drivers of emergency vehicles such as ambulances and fire trucks, even before they become visually or aurally perceptible.
   

Based on the application, the cellular vehicle-to-everything market is segmented into fleet management, autonomous driving, collision avoidance, intelligent traffic systems, and parking management systems, others, with the collision avoidance category expected to dominate due to its direct impact on road safety and accident prevention.
 

• Real time communication made possible through C-V2X technology permits vehicles to communicate instantly and critically, enabling the avoidance of collisions, thus further enhancing the comfort collision avoidance feature. This is possible through the ongoing deployment of C-V2X units which is driving development in the collision avoidance industry.
   
• Take for example, the approval of the C-V2X collision mitigating technologies collaborative application by federal communications commission (FCC) in April 2023. The waiver allows C-V2X based onboard units to be installed in vehicles intended for sale within the US market, thus allowing domestic automakers to adopt C-V2X technology. Furthermore, state and local transportation authorities are free to apply this technology within their areas of control.
   

In 2024, the Germany region in Europe dominated the cellular vehicle-to-everything market with around 27% market share in Europe and generated around USD 142.6 million in revenue.
 

• Germany possesses a strategic advantage in Europe’s C-V2X industry as a result of its automotive industry and adoption of 5G infrastructure. The country is also claimed to have a strong C-V2X market due to the government fostering smart mobility initiatives and legislation favorable to V2X encompasses enabling laws on V2X deployment.
   
• The country’s innovative policies and cross-industry collaboration along with participation in EU-sponsored V2X programs makes Germany a leader in C-V2X development and serves as a proving ground for Europe-wide scaling deployment models.
   
• For example, in March 2024, Verizon Business and Audi AG executed a 5G private network award contract to enhance smart vehicle technology development and testing by modeling global network conditions at Audi’s automotive test track in Neustadt, Germany.
   

The cellular vehicle-to-everything market in U.S. is expected to experience significant and promising growth from 2025 to 2034.
 

• The U.S. C-V2X market is picking up pace because of increased federal efforts, spending on smart infrastructure, and aggressive 5G expansion. The adoption of C-V2X has been accelerated by the support of DOT and FCC for C-V2X over DSRC.
   
• California, Michigan, and Florida pilot projects are encouraging cooperation between automotive OEMs, telecom operators, and city planners. Demand is driven by a focus on road safety, autonomous mobility, and efficient traffic movement.
   
• As an example, in August 2024, USDOT published “Saving Lives with Connectivity: A Plan to Accelerate V2X Deployment”, a detailed plan on implementing V2X technologies throughout the country. The initiative intends to improve road safety, mobility, and operational efficiency while worsening the problem of traffic fatalities which already stand at over 40,000 per year in the U.S.
   

The cellular vehicle-to-everything market in the China is expected to experience significant and promising growth from 2025 to 2034.
 

• China's C-V2X market competitiveness derives from the government’s early deployment of 5G as well as infrastructure spending. The integration of C-V2X within smart transport frameworks helps cities perform better region-wide trials and commercial implementations.
   
• China's unsorted OEMs and telecom firms are rapidly adopting new standards as they align with government policy regarding smart, connected vehicles. Telescoping vertically ensures efficiency in the C-V2X value chain due to the regulations and industrial policy interplay in China.
   
• For example, the LTE-V2X allocation of China’s newly issued LTE-V2X specific frequency region demonstrated the expansion of smart transport infrastructure as part of the New Infrastructure strategy, and the associated national plan for comprehensive V2X integration by 2025.
   

The cellular vehicle-to-everything market in the UAE is expected to experience significant and promising growth from 2025 to 2034.
 

• The UAE is actively working on C-V2X implementations considering its smart city vision, along with investments in 5G infrastructure. Government initiatives, e.g. Dubai smart mobility strategy with telecom and automotive integration, are especially catalyzing C-V2X autonomous and connected vehicles pilot projects.
   
• Moreover, collaboration with international technology companies and regulatory oversight make the UAE's region ready to implement large-scale C-V2X systems, which strengthens the country as a regional center for intelligent transport system technologies.
   
• For example, in April 2025 Smart Mobility International (SMI) signed a Strategic Partnership Agreement with IM Motors from China, an electric vehicle manufacturer controlled by SAIC Motor, Alibaba Group, and Zhangjiang Hi-Tech. This is the first stage of IM Motors' expansion into the GCC, beginning in the UAE and later moving into Saudi Arabia later this year.
   

Cellular Vehicle-to-everything Market Share

• Top 7 companies of the cellular vehicle-to-everything industry are Qualcomm, Continental, Intel, Keysight Technologies, Huawei Technologies, Infineon Technologies, and Robert Bosch holding around 34% of the market in 2024.
   
• Qualcomm’s activities include the further development and the scaling of its Snapdragon Digital Chassis platform, which integrates C-V2X infrastructure-to-vehicle communication. The company works with vehicle manufacturers and governments toward global C-V2X deployment, focusing on advanced safety applications and autonomy. Qualcomm further participates actively in standardization and chipset development for wider 5G V2X utilization.
   
• Continental focuses on the C-V2X ADAS and extends its focus to V2X integration to offer more complete end-to-end C-V2X solutions. Together with Qualcomm and other technology partners, they deliver scalable production-grade C-V2X modules, hardware, and software. The company works to enable real-time communication between vehicles and infrastructure to enhance roadway safety and supports pilots and regulatory initiatives throughout Europe and Asia.
   
• Through Mobileye Intel works on C-V2X focusing on communication for autonomous vehicles. With car manufacturers and telecommunication companies, the firm develops C-V2X industrial standards, while continually enhancing edge-to-cloud data processing system for intelligent transport ecosystem innovations. They also develop advanced situation awareness (ASA) platforms employing AI, edge computing, and C-V2X technology.
   

Cellular Vehicle-to-everything Market Companies

Major players operating in the cellular vehicle-to-everything industry are:

• AT&T
• Continental
• Denso
• Huawei Technologies
• Infineon Technologies
• Intel
• Keysight Technologies
• Qualcomm
• Robert Bosch
• ZTE
   

The current market strategy in the cellular vehicle-to-everything (C-V2X) market focuses on forming strategic alliances across automotive, telecom, and infrastructure sectors to accelerate technology integration. Companies prioritize 5G deployment, standardization efforts, and pilot testing in urban corridors. Emphasis is placed on embedded OEM solutions, cross-border interoperability, and securing government support for V2X regulations and infrastructure investments, ensuring scalability and future readiness of connected mobility ecosystems.
 

Another key strategy involves investing in edge computing and AI-powered analytics to enhance real-time decision-making in C-V2X systems. Companies are also adopting modular hardware and software platforms to ensure flexibility and upgradeability. Efforts are being made to optimize cost structures through localized manufacturing and supply chain partnerships, while also addressing cybersecurity concerns to build trust and compliance with evolving safety standards in connected vehicle environments.
 

Cellular Vehicle-to-everything Industry News

• In March 2025, Fort Bend County, Texas, announced the first deployment of Cellular Vehicle-to-Everything (C-V2X) technology to enhance street safety around schools. This pioneering effort involves equipping approximately 120 schools in the Katy Independent School District (Katy ISD), Fort Bend Independent School District (Fort Bend ISD), and future upgrades in the Lamar Consolidated Independent School District (Lamar CISD) with C-V2X-enabled School Zone Safety Beacons and Pedestrian Crosswalks.
   
• In December 2024, the Federal Communications Commission (FCC) adopted final rules for Cellular Vehicle-to-Everything (C-V2X) technology. These rules mark a significant step in transitioning Intelligent Transportation Systems (ITS) from the older Dedicated Short Range Communications (DSRC) technology to C-V2X, which facilitates direct communication between vehicles, roadside infrastructure, and other road users. The FCC codified the use of the upper 30 MHz of the 5.9 GHz band (5.895-5.925 GHz) for C-V2X technologies. This allocation supports safety-critical applications like non-line-of-sight awareness and automated driving.
   
• In August 2024, the U.S. Department of Transportation (USDOT) released a national deployment plan for Vehicle-to-Everything (V2X) technologies, titled "Saving Lives with Connectivity: A Plan to Accelerate V2X Deployment." This plan aims to enhance road safety, mobility, and efficiency by promoting the widespread adoption of V2X technologies across the nation. The plan focuses on accelerating the deployment of secure, interoperable V2X connectivity through collaboration between government, public sector, and private industry.
   
• In October 2024, the 5G Automotive Association (5GAA) hosted a major technology demonstration event in Berlin showcasing the life-saving potential of Cellular Vehicle-to-Everything (C-V2X) technology. The event featured innovative applications aimed at achieving "Vision Zero," the goal of eliminating traffic fatalities and severe injuries. Audi and BMW vehicles equipped with 5G-V2X Direct technology demonstrated advanced safety features, including alerts for unseen pedestrians and cyclists.
   

The cellular vehicle-to-everything (C-V2X) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) from 2021 to 2034, for the following segments:

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Market, By Communication

• Vehicle-to-Person (V2P)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Network (V2N)
• Vehicle-to-Vehicle (V2V)

Market, By Component

• Hardware
  • On-Board Units (OBUs)
  • Roadside Units (RSUs)
  • Antennas
  • Communication modules 
• Software
  • Traffic management software
  • Fleet management systems

Market, By Vehicle

• Passenger vehicles
  • Hatchback
  • Sedan
  • SUV 
• Commercial vehicles
  • Light Commercial Vehicles (LCV)
  • Medium Commercial Vehicles (MCV)
  • Heavy Commercial Vehicles (HCV)

Market, By Application

• Fleet management
• Autonomous driving
• Collision avoidance
• Intelligent traffic systems
• Parking management systems
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa