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Automotive V2X Market is Forecasted to Reach US$2.3 Billion in 2031, Says Stratview Research

1. Global automotive V2X market expected to reach $2.3 billion by 2031. 2. C-V2X is set to gain traction over DSRC in the U.S. due to FCC approval. 3. Europe remains the largest market driven by regulations and investment in smart cities. 4. Asia-Pacific expected rapid growth in V2X from government initiatives and demand. 5. Key players in V2X include Harman, LG, and NXP Semiconductor.

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FAQ

Why Bullish?

The projected growth in V2X market presents opportunities for technology providers like VVX.

How important is it?

The report indicates a strong market opportunity over several years that could enhance VVX's business positioning.

Why Long Term?

As V2X technologies evolve, sustained growth is likely through 2031, benefiting companies in related sectors.

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Detroit, July 31, 2025 (GLOBE NEWSWIRE) -- The global automotive V2X market is projected to witness a growth rate of 25.1% annually from 2024 to 2031, with an anticipated size of US$2.3 billion by 2031, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global automotive V2X market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3948/automotive-v2x-market.html#form Market Statistics Market Size in 2024 US$0.5 billionMarket Size in 2031US$2.3 billionGrowth (CAGR)25.1% during 2024-2031Cumulative Sales Opportunity 2024 to 2031US$27.48 billionLeading Technology TypeDSRCLeading Communication TypeIntegrated V2XLeading RegionEuropeForecast Period2024-2031Trend Period2018-2022Base Year2023Number of Segments Covered3Number of Tables & Graphs100+Country-Level Market Assessment20 Segment Insights on the Automotive V2X Market: The report dives deep into the segmentation of the Automotive V2X market based on critical parameters: Based on Technology Type – The automotive V2X market is segmented into DSRC and C-V2X. DSRC (Dedicated Short-Range Communications) has been dominant in Europe and was also widely used in the USA by 2023. However, from 2024 onward, C-V2X (Cellular V2X) is expected to take over in the USA due to the FCC agreement in April 2023, which approved the deployment of C-V2X technology for connected vehicles.Europe continues to rely on DSRC, but the shift towards C-V2X is gaining traction globally, especially with advancements in 5G networks. C-V2X is rapidly gaining popularity and widespread adoption due to its better range, higher bandwidth, lower latency, cost efficiency, 5G compatibility, and strong support from the automotive and telecom industries. Based on the Communication Type – The market is segmented into V2V & V2I and integrated. Integrated V2X is likely to remain the dominant communication type in the market over the next six years.V2V stands for vehicle-to-vehicle communication. It is a key component of V2X that enables direct communication between vehicles to enhance road safety and traffic efficiency. In V2V communication, vehicles share information about their location, speed, direction, and other relevant real-time data to avoid accidents and make driving safer and more efficient. The integrated communication type includes Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Network (V2N) communication types.Integrated V2X (V2V, V2I, V2P, and V2N) provides more comprehensive, real-time, and future-proof solutions. It ensures broader connectivity, enhances road safety, supports autonomous vehicles, optimizes traffic flow, and leverages 5G for real-time data exchange. To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3948/automotive-v2x-market.html#form Which Region Shows the Most Promising Growth Forecast and Opportunity? The analysis suggests that Europe is expected to remain the largest market for automotive V2X during the forecast period. This growth outlook is mainly attributed to the following– Europe’s strict safety regulations, early DSRC adoption, strong smart city investments, leadership in automotive innovation, and growing 5G-based C-V2X deployment are key factors driving its dominance in the automotive V2X market.The presence of key automakers, such as Volkswagen, BMW, Mercedes-Benz, Audi, and Volvo, are pioneer in V2X adoption; partnerships with telecom and tech firms push C-V2X and 5G-based deployments in the region. Likewise, the Asia-Pacific is likely to experience rapid growth in the automotive V2X market owing to key factors, such as strong government initiatives & regulations; the largest automotive market with China, India, and Japan being the leading vehicle producers; increasing demand for connected and autonomous vehicles; rising investment in smart city and intelligent transportation infrastructure; and increasing consumer focus on safety and advanced driving features. Automotive V2X Market Drivers: Some of the key drivers listed in the report are given below. Growing demand for connected and autonomous vehicles is fueling massive expansion.Increasing safety concerns and stricter emission regulations are pushing automakers toward V2X adoption for enhanced road safety and environmental compliance.Government support for smart infrastructure initiatives and regulatory frameworks is significantly accelerating market growth with substantial public investments.Rapid 5G network deployment enables real-time, high-bandwidth, low-latency V2X communications essential for advanced driver assistance systems.Rising integration of advanced driver assistance systems (ADAS) in passenger vehicles is driving demand as automakers focus on enhanced safety and passenger experience. Top Companies in the Automotive V2X Market: Stratview Research has identified the following companies as the top market players: Harman International (A Samsung Company)LG Electronic Vehicle SolutionNXP SemiconductorJOYNEXTRobert Bosch GmbHDENSO CorporationContinental AG What Deliverables Will You Get in This Report? Key questions this report answersRelevant contents in the reportHow big is the sales opportunity?In-depth analysis of the Automotive V2X MarketHow lucrative is the future?Market forecast and trend data, and emerging trendsWhich regions offer the best sales opportunities?Global, regional, and country-level historical data and forecastsWhich are the most attractive market segments?Market segment analysis and forecastWho are the top players and their market positioning?Competitive landscape analysis, Market share analysisHow complex is the business environment? Porter’s five forces analysis, PEST analysis, Life cycle analysisWhat are the factors affecting the market?Drivers & challengesWill I get the information on my specific requirements?10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com Related Reports: Automotive Condition Monitoring System Market Automotive Wires & Cables Market Also, Read Our Newly Published Reports on GlobeNewswire: Automotive Pressure Vessels Market Automotive Nonwoven Market About us – Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just a mail away.

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