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Market Overview:
The Automotive Cellular V2X (C-V2X) Modules Market size is estimated to reach $51 Billion by 2031, growing at a CAGR of 44.8% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “Automotive Cellular V2X (C-V2X) Modules Market - By Communication Type (Vehicle-to-Network (V2N), Vehicle-to-Infrastructure (V2I), Vehicle-to-Vehicle (V2V), Vehicle-to-Cloud (V2C), Vehicle-to-Pedestrian (V2P), Vehicle to Device (V2D), Vehicle to Grid (V2G) and Others), By Deployment (Onboard Unit (OBU) and Roadside Unit (RSU)), By Connectivity (4G/LTE - V2X and 5G - V2X), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Application (Fleet Management, Autonomous Driving, Collision Avoidance, Vehicle Platooning, Intelligent Traffic System, Lane-Keeping Assistance, Obstacle Detection, Parking Management Systems and Others), By Geography - Opportunity Analysis & Industry Forecast, 2025-2031”.
The major driver of the Automotive Cellular V2X (C-V2X) Modules Market is the rise in connected and autonomous vehicles, as well as the increasing reliance on advanced driver assistance systems. As the vehicles become increasingly interconnected, the need for seamless communication between vehicles, infrastructure, and pedestrians increases. Such factors are driving the need of automotive cellular modules. Additionally, the global rise in road accidents and the increasing stringency of government regulations regarding vehicle safety are driving the demand for Automotive Cellular V2X Modules.
North America Dominated the Market in 2024:
North America accounted for the largest share of 36% of the Automotive Cellular V2X (C-V2X) Modules Market in 2024. In August 2024, the U.S. Department of Transportation released its V2X National Deployment Plan outlining a roadmap to accelerate V2X adoption for improved road safety. Developed with input from 5GAA and other stakeholders, the plan emphasizes interoperability, investment, and privacy, setting short, medium, and long-term goals for widespread deployment. Additionally, in November 2024, the FCC finalized spectrum rules, permitting Cellular-V2X (C-V2X) technology in the 5.9 GHz ITS band and establishing a two-year timeline to phase out Dedicated Short-Range Communications (DSRC) technology. Such regulatory advancements are driving the growth of the Automotive Cellular V2X (C-V2X) Modules Market in this region.
Automotive Cellular V2X (C-V2X) Modules Market: Key Takeaways
Global Rise in Road Accidents
The rise in road accidents globally is driving the growth of the Automotive Cellular V2X (C-V2X) Modules market significantly. The Victorian government's Towards Zero vision aims to eliminate road fatalities with Cellular Vehicle-to-Everything (C-V2X) technology playing a key role in enhancing road safety by reducing human error-related accidents. As part of this initiative, Telstra and Lexus Australia secured a $2.2 million state grant to conduct a field trial of 4G-based connected vehicle technology, with Ericsson providing the C-V2X platform. Leveraging Telstra’s existing 4G network, the trials demonstrated ultra-low latency communication, achieving end-to-end data transmission in under 50ms in 95% of tests. By utilizing an already widespread network covering 99.6% of Australia’s population, this approach eliminates the need for additional roadside infrastructure, making nationwide deployment more cost-effective, scalable, and faster to implement. The possibility of accidents can be significantly reduced by enabling real-time alerts of approaching collisions, blind areas, and dangerous road conditions.
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Increasing Reliance on Advanced Driver Assistance Systems
The Automotive Cellular V2X (C-V2X) Modules market is experiencing significant growth due to increasing reliance on advanced driver assistance systems. Sensors like lidar, radar, and cameras are used by ADAS and autonomous driving technologies to detect and analyze the surroundings. In-vehicle systems process this sensor data, allowing the car to recognize and react to obstacles like stopping or accelerating much faster than a human driver could. The ADAS functionalities heavily rely on cellular connectivity for real-time data exchange, enabling features such as over-the-air updates, remote diagnostics, and connected services. For instance, In November 2024, HERE Technologies, a leading location data and technology platform released a survey titled Safer Cars, Safer Roads, highlighting rising road safety concerns in India and increasing demand for Advanced Driver Assistance Systems (ADAS). The findings highlight that 91% of respondents believe ADAS is crucial for enhancing both road and driver safety, signalling a clear call from road users for more accessible and advanced vehicle safety technologies. Additionally, 82% of respondents indicated they would consider purchasing a vehicle that comes equipped with ADAS, reflecting a significant opportunity for automotive manufacturers to cater to the increasing demand. ADAS systems can become more proactive, intelligent, and effective in increasing road safety and the driving experience by utilizing C-V2X technology. Thus, the rise in advanced driver assistance systems is propelling the growth of the Automotive Cellular V2X (C-V2X) Modules market.
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Recent Developments:
• In August 2024, LG Electronics Vehicle to Everything (V2X) solution for Volkswagen became the first V2X device to receive Common Criteria (CC) certification for security stability. The certified product, LG’s VW Transceiver Module, is a telematics component for Volkswagen’s MQB platform. CC certification, an internationally recognized IT security standard, confirms robust protection against unauthorized access.
• In January 2024, Danlaw, Inc., acquired Australia-based Cohda Wireless. This strategic move enhances Danlaw’s global expansion, strengthening connected vehicle safety and smart city solutions.
Automotive Cellular V2X (C-V2X) Modules Market: Competitive Landscape
Key companies profiled in the Automotive Cellular V2X (C-V2X) Modules Market are Qualcomm Technologies, Inc., Continental AG, Huawei Technologies Co., Ltd, Quectel, Fibocom Wireless Inc., Murata Manufacturing Co., Ltd., Innowireless Co., Ltd., Alps Alpine Group, Autotalks, SIMCom Wireless Solutions Limited and Others.
Related Reports:
Commercial Automotive Telematics Market - The market for Commercial Automotive Telematics is anticipated to grow at a CAGR of 14.2% during 2024-2030 and generate revenues worth $15151.4 Million by 2030. The increasing demand for connected vehicles for better safety management is expected to further drive the market.
Driver Monitoring System Market - Driver Monitoring System Market Size is forecast to reach $2952.3 Million by 2030, at a CAGR of 8.90% during forecast period 2024-2030.The surging demand for road safety in automobiles pertaining to driver activeness and stringent government regulations related to driver monitoring will boost the Driver Monitoring Systems market.
Connected Cars Market - Connected Cars Market Size is forecast to reach $199500 Million by 2030, at a CAGR of 15% during forecast period 2024-2030. Integration between augmented reality, artificial intelligence and ADAS (advance driver-assistance system) is uplifting the potential of connected cars towards autonomous vehicles.
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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
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