September 30, 2023
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Market Analysis: Vehicle to Everything

Global Automotive V2X Market 2021-2028

Market growth will ACCELERATE at a CAGR of about 42%

Incremental Growth

2022: USD 529.6 million
2028: USD 7351.9 million

Asia Pacific Automotive

V2X Market was valued at USD 215.9 Million in 2020.


Expected to have the largest market share during the Market forecast period 2020-2028

DSRC Segment

Accounted for largest market share in the Global Automotive V2X Market in 2020.

The change

The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021.

Cellular Segment

The Cellular Segment is expected to grow at a faster pace during the forecast period.


Growth trend​
  • Increasing emergence of Autonomous Cabs and Parcel Delivery Fleets
  • The growing trend of safe and connected vehicles.
  • Increasing concern about environmental pollution caused by pollution.

The Market is moderately fragmented with several players including giants and start-Ups occupying the market share.


Though V2X is currently evolving, it is not long before we will see deployment of this technology in certain countries. Among other technologies, cellular V2X seems to be leading the race. With self-driving cars still under experimentation and testing, these communication technologies could play an important safety role in the years ahead.





  • Major Technological developments will lead to the creation of massive increase in demand of autonomous and wirelessly connected vehicles.
  • Rapid increase in urbanization and industrialization
  • Rise of connected cars
  • Increasing demand for fully autonomous driving
  • The high cost of implementation and lack of cellular coverage will be one of the major problems to tackle.
  • Lack of cellular infrastructure
  • Vulnerability to cyber attacks
  • Increase in support from government for V2X technology to create opportunities for the market growth.
  • Opportunities for domains like:
    Global automotive players – to develop tech in space.
    Regional automotive players – work on related offerings
    V2X suppliers – need to create equipment for communication
    Technology Consulting Vendors – network planning & implementation
    Technology Telecom Vendors – transportation Connectivity Experience
    Cloud & Big Data Vendors – requirement of storage of data
    Tech Security Vendors – device Certificates, Security Credentials
  • Vulnerability to cyberattacks and stringent government laws may hamper the market growth.
  • Areas of threat
    Communication– Packet Drop, Delay in Transmission, Failure of Device
    Behavioral – Deadlock, Livelock, Responsibility of events
    Technical – Platoon Merging, Matching, Resource Allocation
    Practical – Interaction with Infra, Two-way Traffic Platoon, Bandwidth Limitations


  • The U.S. Department of Transportation (DOT) in coordination with major automakers has been working to develop V2V and V2I communication technologies to predict traffic crashes and prevent them before they happen.
  • In accordance with safety-related concerns, in-vehicle connectivity and other intelligent transportation systems are transforming safety and mobility services to customers.
  • Non-automotive players, such as connectivity service providers, are making heterogeneous moves in the Automotive V2X market by providing diverse and competitive connectivity services. Acquisition of the domestic players is one of the key strategies among the U.S. Automotive V2X market players.
  • For instance, in October 2019, Konexial acquired Axle Technologies’ product line of ELD (Electronic Logging Device) and Fleet Management customers. Axle, based in Jersey City (New Jersey), has been serving the commercial vehicles transportation industry since 2016.

  • Seoul Robotics introduces V2X sensor tower to automate BMW fleets at Munich manufacturing facility.
  • Autotalks Deploys V2X Chipsets to Make Seoul Roads Safer

  • Forefront of the deployment of C-V2X
  • More than 20 trials and pilot projects taking place across a 100 km stretch of roads in 10 provinces
  • In Wuxi, in eastern Jiangsu province, where C-V2X already covers 170 square km of urban land, China Mobile and supplier Huawei plan to nearly double that coverage to 400 intersections by the end of 2019.
  • Huawei has demonstrated 19 potential usage applications so far including emergency brake warnings from nearby vehicles, and a parking assist.
  • Some 15 vehicle manufacturers have announced plans to roll out cars supporting C-V2X for the Chinese market from the second half of 2020.
  • 15 chipset module vendors are committed to support C-V2X for the Chinese market, while 35 manufacturers are able to provide C-V2X infrastructure hardware or software.

  • First on-road trials of C-V2X are underway in Victoria as part of the state government’s ‘Towards Zero’ programme to improve road safety
  • The Advanced Connected Vehicles Victoria (ACV2) project is led by mobile operator Telstra and automaker Lexus Australia.
  • The trial is testing connected vehicle safety systems, including emergency braking alerts, in-vehicle speed limit compliance warnings, right turn assist for vulnerable road users, and warnings when surrounding vehicles are likely to violate a red light.


Nauto’s $159M Series B round in July, the largest equity deal since 2012, saw participation from a variety of auto incumbents including BMW, General Motors, and Toyota. Nauto develops V2X technology that’s currently used in connected cars to detect collisions and track driver behavior. The company plans to use this round of funding to develop V2X technology for autonomous vehicles.

A number of auto incumbents are also co-invested in Peloton Technology, a fleet telematics startup developing V2X technology used in truck platooning. DENSO, Magna, and Volvo all participated in the company’s $60M Series B round. The deal also saw participation from industrial (Lockheed Martin) and logistics (UPS) players.

Kymeta Corporation is a satellite communications company based in the United States. The company has received funding of $218M. The company is commercialising a new meta material based satellite antenna for connected cars.

TTTech is an aerospace company which provides solutions which improve the safety and reliability of networked electronic systems in the transportation and industrial segments. The company has received a funding of €125M.

Autotalks chipsets offer the most advanced, secure V2X, vehicle to vehicle communication and V2i/V2x/V2v technology for autonomous connected vehicles. It is a fabless semiconductor company that provides V2X VLSI solutions.

Veniam builds city-scale networks for connected vehicles that expand wireless coverage and bring terabytes of physical data to the cloud. The company has got funding $27M.


DENSO has invested in Dellfer which will help accelerate the development and distribution of Dellfer’s best-in-class cybersecurity solutions. ActiveScaler Closes First Strategic Funding Led by DENSO to Debut Managed MaaS.


Cybersecurity start-ups focused on the connected car have also seen increasing levels of investment, particularly from automotive suppliers.


Both Jaguar Land Rover and Infiniti Motors (a subsidiary of Nissan) have set up tech incubators dedicated to the connected car.


Jaguar Land Rover has most recently invested in CloudCar (a diagnostics platform) and Mycroft AI (an AI-driven voice assistant). Infiniti has been most focused on diagnostics and infotainment startups, including DRVEN and 


Continental acquired Argus Cyber Security (which had also received prior funding from Magna) in November, and Aptiv acquired Movimento Group in January 2017.



Ford has committed to deploying C-V2X in all new U.S. vehicle models beginning in 2022, “pending a technology neutral regulatory environment.” In its Sustainability Report 2018/19, Ford said that every new car it makes “in the United States will soon be able to tap into a wireless network and “talk” directly to other vehicles, pedestrians and infrastructure, helping to make our streets safer and less congested.” It also plans to begin deploying C-V2X technology in Ford vehicles in China in 2021.

GM Acquires Cruise

GM purchased Cruise, a software firm that it believes would aid in the advancement of autonomous vehicle technology.

Harman Acquires Savari

Samsung’s subsidiary, HARMAN International acquired Savari, an automotive technology firm designing V2X technology for 5G Edge and automotive applications.

Woven Acquires Lyft

Woven Planet, a subsidiary of Toyota acquired Lyft self-driving division. The transaction includes non-exclusive commercial agreements to accelerate the development and enhance the safety of automated driving technology.


Deutsche Telekom and Skoda Auto : Deutsche Telekom has announced C-V2X tests together with Skoda Auto in Czech as part of the European C-Roads project11.

China mobile & Huawei : China is at the forefront of the deployment of C-V2X5. There are more than 20 trials and pilot projects taking place across 100km of roads in 10 provinces. In Wuxi, in eastern Jiangsu province, C-V2X already covers 170 square km of urban land.

BMW and China Unicom : Moreover, BMW China has teamed up with China Unicom to test autonomous cars using 5G networks.

Telstra and Lexus Australia : Australia’s first on-road trials of C-V2X are underway in Victoria as part of the state government’s ‘Towards Zero’ programmed to improve road safety6. The Advanced Connected Vehicles Victoria (ACV2) project is led by mobile operator Telstra and automaker Lexus Australia. Having tested C-V2X on controlled tracks, on-road testing is now taking place on metropolitan and regional roads in the state.

Qualcomm & Audi, ford, Ducati : At the CES 2019 event in January, chipset maker Qualcomm demonstrated its C-V2X platform with Audi and Ford vehicles, as well as Ducati motorcycles7. The demos included vehicle-to-vehicle, vehicle-to-pedestrian and vehicle-to-infrastructure safety scenarios: The V2V use case featured the “intersection movement assist” scenario, which is designed to avoid angle collisions at intersections, while the V2P scenario showed how C-V2X can be used to protect vulnerable road users, including pedestrians and bicyclists.

Bosch, Huawei, and Vodafone : In Europe, Bosch, Huawei, and Vodafone Germany have successfully tested C-V2X on the A9 freeway in Bavaria, Germany. They used a pre-standard 5G network in combination with Bosch’s Adaptive Cruise Control (ACC) driver-assistance system


Huawei RSU

It is a roadside network device compliant with the 3GPP Release 14 LTE-V2X technology.

Huawei T-Box

It is a connected-car-standard terminal that meets stringent car-grade requirements on reliability, working temperature and anti-interference and delivers multiple online applications.

C-V2X Chipset (Balong 765)

Balong 765 is the world’s first and the industry’s only, modem chipset support 8 x 8 MIMO technology, offering industry-leading network speeds and signal intensity performance.

Danlaw’s RouteLink – V2X Roadside Unit

It communicates between in-vehicle/mobile devices and transportation infrastructure, such as traffic controller equipment and backhaul networks.

Second Generation V2X Full Module

The module combines the three varieties of V2X core components, namely the HCI module and Hardware Security Module for controlling the communication protocol and the Application Processor into one product.

Huawei T-Box

The system that shares information such as driving conditions among the car, mobile device, and road infrastructure, using cellular communication technology. ‘C-V2X module’ is a core component of the communication function.

Toyota Safety Sense ITS Connect 

It promotes careful driving by collecting information on the location of cars and pedestrians in the driver’s line of sight, as well as signal information that cannot be identified by the vehicle’s sensors, by interacting directly between the road and the vehicle, or between vehicles, and alerting the driver. 

Communicating Radar Cruise Control  

Compatible with advanced vehicle-infrastructure cooperative systems that use a wireless frequency reserved for Intelligent Transport Systems (ITS).

MK6C Evaluation Kit

MK6C Evaluation Kit offers multiple connectivity options on top of C-V2X to provide a rapid way to develop your V2X applications and use-cases.


It allows users to upgrade from 4G to 5G connected experiences at a time of their choosing and enables real-world Vehicle-to-Everything (V2X) communication, laying the groundwork for automated driving.

Dual-Mode V2X system 

The flexible telematics system features both software and hardware and taps into DSRC and cellular (5G) Vehicle-to-Everything (C-V2X) networks, removing the guesswork for numerous safety system setups.

mmWave 5G TCU 

It reduces data transfer latency to a minimum and can cover multiple vehicles at once.

Qualcomm 9150 C-V2X chipset

C-V2X (cellular vehicle-to-everything) ASIC that is compatible with 5G and complements other Advanced Driver Assistance Systems (ADAS) sensors. It is a part of the Qualcomm® C-V2X platform.

Snapdragon Automotive 4G Platform

Qualcomm Technologies’ 6th generation multimode LTE modem for automotive.

Snapdragon Automotive 5G Platform

3GPP Release 15-compliant and engineered to support FDD and TDD networks, as well as standalone (SA) and non-standalone (NSA) modes of operation

Integrated Communication Controller

The controller enables real-time communication of various vehicle information with other vehicles or infrastructure through external communication networks.

2021 Buick GL6 MPV 

Buick debuts V2X technology and launches refreshed GL6 MPV in China.

2021 Buick GL8 Avenir  

2021 GL8 Avenir family features industry-leading vehicle to everything (V2X) technology and the 2021 GL8 ES features advanced driver assist technology.

Super Cruise 

Super Cruise is the industry’s first true hands-free driver-assistance technology allowing drivers to travel hands-free on over 200,000 miles.

Ford Co-Pilot360

It is a suite of driver-assist features that can help you drive more safely. The system includes: Pre-Collision Assist with Automatic Emergency Braking. BLIS® (Blind Spot Information System) with Cross-Traffic Alert. Lane-Keeping System.



Google’s self-driving cars could use robotic hands and eyes to communicate with pedestrians. Google has patented a system that could see its driverless vehicles use object sensors, flashing exterior signage and robotic hands to help make them safer for pedestrians

Tesla Autopilot

Tesla Autopilot is a suite of advanced driver-assistance system (ADAS) features offered by Tesla that amounts to Level 2 vehicle automation. Its features are lane centering, traffic-aware cruise control, automatic lane changes, semi-autonomous navigation on limited access freeways, self-parking, and the ability to summon the car from a garage or parking spot.

Uber ATG

Uber is pushing forward in the driverless technology space with a new program that will roll out early in the coming years. The program will introduce a fleet of Motional self-driving vehicles to make Uber Eats deliveries in the Santa Monica area.


Waymo LLC is an American autonomous driving technology development company. It is a subsidiary of Alphabet Inc, the parent company of Google. Waymo operates a commercial self-driving taxi service in the greater Phoenix, Arizona area called “Waymo One”, with Chandler, Arizona fully mapped.

NIO Navigate on Pilot

In October 2020, NIO released the Navigate on Pilot (NOP) feature and their NIO OS 2.7. 0 update. NOP fuses onboard navigation, HD maps, and NIO Pilot to automatically guide the vehicle to follow the navigation route in certain conditions


The information contained herein has been obtained from sources believed to be reliable. ExpertLancing disclaims all warranties as to the accuracy, completeness or adequacy of such information. ExpertLancing shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof.

Neither ExpertLancing IP Services, nor any of their directors, officers, employees, agents or representatives (together, “personnel”), provide legal services or legal advice in any part of the world. Since ExpertLancing is not a law firm, it does not and cannot render legal services or legal advice to the general public and is not engaged in the practice of law.

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