Global Cellular Vehicle-to-Everything (C-V2X) Market Report By Communication Type (Vehicle-to-Network (V2N), Vehicle-to-Infrastructure (V2I), Vehicle-to-Vehicle (V2V), Vehicle-to-Person (V2P)), By Component (Hardware, Software), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Application (Fleet Management, Autonomous Driving, Collision Avoidance, Intelligent Traffic Systems, Parking Management Systems, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Cellular Vehicle-to-Everything (C-V2X) Market is presumed to reach the market size of nearly USD 120.65 Million by 2032 from USD 10.36 Million in 2023 with a CAGR of 31.36% under the study period 2024 - 2032.

Cellular vehicle-to-everything (C-V2X) is a communication technology that assists vehicles in establishing communication not only with each other but also with infrastructure, pedestrians, and various roadside devices using cellular networks. It is designed to enhance road safety, improve traffic efficiency, and enable new applications and services for connected vehicles.

Market Dynamics

The Cellular vehicle-to-everything market is driven by several factors that contribute to its increasing adoption in the automotive industry. Primarily, it enhances road safety by enabling real-time communication between vehicles, infrastructure, and pedestrians, reducing the risk of accidents. It plays a crucial role in traffic efficiency and management, optimizing signal timing and reducing congestion. As the automotive industry progresses toward autonomous and connected vehicles, C-V2X supports these advancements by facilitating communication for safer and more efficient autonomous driving. The development of smart infrastructure in smart cities further boosts the demand for C-V2X, integrating the technology with intelligent traffic systems. Government regulations, the evolution of 5G networks, and rising consumer awareness also fuel the market. Additionally, collaborations, standardization efforts, and support for emergency services contribute to the growth of C-V2X, making it a pivotal technology in the development of connected and intelligent transportation systems.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cellular vehicle-to-everything (c-v2x). The growth and trends of cellular vehicle-to-everything (c-v2x) industry provide a holistic approach to this study. 

Market Segmentation

This section of the cellular vehicle-to-everything (c-v2x) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Communication Type

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

By Component

• Hardware
• Software

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

By Application

• Fleet Management
• Autonomous Driving
• Collision Avoidance
• Intelligent Traffic Systems
• Parking Management Systems
• Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Cellular Vehicle-to-Everything (C-V2X) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Cellular Vehicle-to-Everything (C-V2X) Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Cellular Vehicle-to-Everything (C-V2X) market include AT&T Inc., Autotalks Ltd., Cohda Wireless, Commsignia Ltd., Continental AG, Denso Corporation, Ficosa International S.A., Huawei Technologies Co., Ltd., Infineon Technologies AG, Intel Corporation, Keysight Technologies, Nokia Corporation, NTT DOCOMO, Inc., Qualcomm Technologies, Inc., Quectel Wireless Solutions Co., Ltd., Robert Bosch GmbH, Rohde & Schwarz GmbH & Co. KG, Savari, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.