Global Automotive V2X Market Size, Share, Analysis and Growth and Demand Forecast Report 2025

The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period.

Increasing demand for connected vehicles is the key trend that is expected to bolster the growth of global automotive V2X market. Connectivity is becoming a crucial factor in the transportation system as more and more consumers are adopting this vehicle.

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On the basis of communication type, the global automotive V2X market is subdivided into Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), Vehicle-To-Pedestrian (V2P), Vehicle-To-Vehicle (V2V), Vehicle-To-Network (V2N) and Vehicle-To-Home (V2H).

On the basis of technology, the global automotive V2X market is subdivided into emergency vehicle notification, intelligent traffic systems, parking management system, automated driver assistance, fleet & asset management, passenger information system, non-line of sight, backing, line of sight and others.

Geographically, North America is the largest automotive V2X market in terms of revenue. The growth of this market in this segment is attributed towards technological progressions being undertaken in countries such as Canada and the U.S. that enables increasing acceptance of automotive V2X in this region.

Some of the key players operating in the automotive V2X industry are Qualcomm, Inc., TomTom International B.V., Continental AG, HARMAN International, Infineon Technologies AG, Delphi Automotive LLP, Robert Bosch GmbH, Cisco Systems, Inc., NXP Semiconductors, and Mobileye.

Source: VynZ Research