Cellular Vehicle-to-Everything Market to Skyrocket to $8.22 Billion by 2032 with a Staggering 31.62% CAGR

The global Cellular Vehicle-to-everything Market is expected to grow at growth rate of 31.62% to reach USD 8,221.49 Million by 2032.

Cellular Vehicle-to-Everything (C-V2X) is an advanced communication technology that enables vehicles to communicate with their environment, including other vehicles, infrastructure, pedestrians, and networks. This technology enhances road safety, traffic management, and the capabilities of autonomous vehicles by facilitating real-time data exchange. The Vehicle-to-Vehicle (V2V) segment holds a dominant position in the market, as it plays a crucial role in collision prevention, traffic flow optimization, and overall safety by allowing vehicles to share information about speed, location, and other critical data.

The Cellular Vehicle-to-Everything (C-V2X) market is experiencing rapid expansion, driven by the growing demand for safer, more efficient transportation systems. A key component of this growth is the Vehicle-to-Vehicle (V2V) segment, which facilitates real-time communication between vehicles to enhance collision avoidance and streamline traffic flow. Major automotive manufacturers and technology giants, such as Qualcomm, Huawei, Ford, and BMW, are heavily investing in the development and deployment of C-V2X solutions. These systems improve road safety by enabling vehicles to share critical data, including speed, location, and road conditions. According to a 2023 report from the U.S. Department of Transportation, C-V2X technology could prevent up to 80% of crashes involving non-impaired drivers, significantly reducing fatalities and injuries on the road. With the global rollout of 5G networks, C-V2X adoption is set to accelerate, driving the development of more intelligent, connected transportation ecosystems. As the market continues to evolve, this technology promises to play a pivotal role in shaping the future of smart mobility and enhancing the efficiency of intelligent transportation systems worldwide.

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The Cellular Vehicle-to-Everything (C-V2X) market is experiencing significant growth, with the Vehicle-to-Infrastructure (V2I) segment leading the charge due to the growing emphasis on smart city initiatives and substantial government investments in intelligent transportation systems. In North America, the market is projected to reach approximately $1.12 billion by 2025, driven by the widespread deployment of 5G technology and supportive regulations that foster the adoption of C-V2X solutions. In China, the integration of C-V2X technology is also gaining momentum, with at least 12 vehicle models equipped with this technology launched by 2022, underscoring the country’s strong commitment to enhancing vehicular connectivity and smart mobility.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The Cellular Vehicle-to-Everything (C-V2X) market is primarily driven by the vehicle-to-infrastructure (V2I) segment, fueled by the increasing adoption of smart traffic management systems and the expansion of connected road infrastructure. V2I technology facilitates real-time communication between vehicles and vital infrastructure such as traffic lights, road signs, toll systems, and other road sensors, enhancing both safety and traffic flow. This seamless integration of technology helps prevent accidents, reduce congestion, and optimize traffic patterns. Key players in the C-V2X market include Qualcomm, Huawei, Autotalks, Continental AG, Bosch, and Ericsson, all of which are heavily investing in the development and deployment of V2I solutions. The ongoing advancements in smart city projects and the global rollout of 5G networks are accelerating the demand for these technologies. As a result, V2I is becoming a critical enabler of smarter, safer, and more efficient transportation systems, contributing to the transformation of urban mobility and traffic management.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL CELLULAR VEHICLE-TO-EVERYTHING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Ø Qualcomm Technologies, Inc.

Ø Huawei Technologies Co., Ltd.

Ø Autotalks Ltd.

Ø Continental AG

Ø Robert Bosch GmbH

Ø Ericsson

Ø Quectel Wireless Solutions

Ø HARMAN International

Ø Valeo

Ø Ford Motor Company

Ø Others

GLOBAL CELLULAR VEHICLE-TO-EVERYTHING MARKET, BY COMMUNICATION TYPE- MARKET ANALYSIS, 2019 - 2032

Ø Vehicle-to-Person (V2P)

Ø Vehicle-to-Infrastructure (V2I)

Ø Vehicle-to-Network (V2N)

Ø Vehicle-to-Vehicle (V2V)

GLOBAL CELLULAR VEHICLE-TO-EVERYTHING MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

Ø Fleet Management

Ø Autonomous Driving

Ø Collision Avoidance

Ø Intelligent Traffic Systems

Ø Parking Management Systems

Ø Others

GLOBAL CELLULAR VEHICLE-TO-EVERYTHING MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 - 2032

Ø Hardware

Ø Software

GLOBAL CELLULAR VEHICLE-TO-EVERYTHING MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032

Ø Passenger Vehicle

Ø Commercial Vehicle

GLOBAL CELLULAR VEHICLE-TO-EVERYTHING MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

U.S.

Canada

Europe

Germany

Uk

France

Italy

Spain

The Netherlands

Sweden

Russia

Poland

Rest Of Europe

Asia Pacific

China

India

Japan

South Korea

Australia

Indonesia

Thailand

Philippines

Rest Of Apac

Latin America

Brazil

Mexico

Argentina

Colombia

Rest Of Latam

The Middle East And Africa

Saudi Arabia

Uae

Israel

Turkey

Algeria

Egypt

Rest Of Mea

o Algeria

o Egypt

o Rest of MEA