Automotive Cellular V2X (C-V2X) Modules Market - By Communication Type , By Deployment , By Connectivity , By Vehicle Type , By Application , By Geography - Opportunity Analysis & Industry Forecast, 2025-2031

Automotive Cellular V2X (C-V2X) Modules 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. Cellular-vehicle-to-everything (C-V2X) technology allows vehicles to communicate directly with other vehicles (V2V), infrastructure (V2I) and vulnerable road users (V2P) with low-latency messages to drive applications that can have an immediate safety benefit. The Automotive Cellular V2X (C-V2X) Modules market growth is driven by the rise in connected and autonomous vehicles, as well as the increasing reliance on advanced driver assistance systems. Additionally, the global rise in road accidents and the increasing stringency of government regulations regarding vehicle safety are driving the growth of the Automotive Cellular V2X (C-V2X) Modules market.

The transition to 5G-V2X is a recent trend in the market. Because of its extreme throughput, low latency and improved reliability, vehicles will be able to exchange real-time data, supporting connected and autonomous driving. In February 2024, Autotalks verified the performance of its third-generation V2X chipset, TEKTON3 and SECTON3, using the 5G-V2X capabilities of the R&S CMP180 radio communication tester from Rohde & Schwarz. Additionally, the integration of C-V2X within smart city initiatives is another trend which is propelling the growth of the market. C-V2X empowers intelligent traffic management systems to dynamically respond to real-time conditions and optimize traffic flow throughout the urban environment. 

Automotive Cellular V2X (C-V2X) Modules Market - Report Coverage:

The “Automotive Cellular V2X (C-V2X) Modules Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Cellular V2X (C-V2X) Modules Market. 

Key Takeaways

North America Dominates the Market

North America dominates the Automotive Cellular V2X (C-V2X) Modules market with the largest market share in 2024. The growth of the Cellular V2X Modules market in the North America region is significantly driven by the rise in adoption of C-V2X solutions. For instance, according to Vector Informatik’s V2X worldwide Status and Outlook 2025, there are 9,300 operational V2X Roadside Units (RSUs) and 3,500 more planned, with over 20,000 aftermarket Onboard Units (OBUs) installed in buses, snowplows, emergency and fleet vehicles. Additionally, to accelerate deployment, the USDOT has set goals for 20% of National Highway Systems (NHS) and 25% of signalized intersections in major metro areas to have V2X by 2028, with full NHS coverage and 85% of intersections equipped by 2036. Such factors are driving the growth of the market significantly. 

Vehicle-to-Vehicle (V2V) is the Largest Segment 

Vehicle-to-Vehicle (V2V) is the largest segment in the Automotive Cellular V2X (C-V2X) Modules market in terms of communication type. Vehicle-to-Vehicle (V2V) communication enables vehicles to exchange data about their position, speed and direction. By issuing alerts about possible crashes or dangerous driving situations, this can aid in the prevention of accidents. Automotive manufacturers are actively integrating vehicle-to-vehicle (V2V) systems into the vehicles, which in turn driving the growth of the market. In January 2024, HAAS Alert unveiled the world’s first cross-brand car-to-car communication capability between Volkswagen and Stellantis vehicles during CES 2024 in Las Vegas. This milestone, powered by HAAS Alert’s Safety Cloud platform, establishes shared connected car safety solutions between automakers, enabling real-time alerts and notifications between vehicles of different manufacturers. In 2024, 2 million Stellantis vehicles in North America, comprising Chrysler, Jeep, Dodge and RAM models manufactured since 2018 are equipped to receive digital alerts. Such developments highlight the growing significance of Vehicle-to-Vehicle (V2V) communication in the Automotive Cellular (C-V2X) V2X Modules market. 

Passenger Vehicle Leads the Market 

Passenger vehicle occupied the largest share in the Automotive Cellular (C-V2X) V2X Modules market in terms of vehicle type. The demand for enhanced safety and infotainment is driving the growth of the passenger vehicles segment in the market. Additionally, government regulations mandating safety features and the growing trend of connected and autonomous vehicles is driving the market growth. For instance, according to EU’s new rules on vehicle safety and automated mobility, all new vehicles sold in the EU must include advanced safety features aimed at improving road safety for drivers and passengers. These measures, introduced progressively from July 2024 to January 2029, apply to all road vehicles, including cars, vans, buses and trucks. Key features include intelligent speed assistance, lane-keeping assistance, reversing detection, emergency braking for detecting pedestrians and cyclists and advanced driver distraction warnings. C-V2X allows vehicles to communicate with each other (V2V), infrastructure (V2I), pedestrians (V2P) and the network (V2N). Thus, new rules are creating a regulatory push for advanced safety features, and C-V2X is a key technology that can enable those features.

Rise in Connected and Autonomous Vehicles Drives the Market

The global rise in connected and autonomous vehicles is driving the growth of the Automotive Cellular V2X (C-V2X) Modules market significantly. Vehicle manufacturers are accelerating their plans for autonomous vehicles, with several major announcements in 2024. For instance, Rimac plans to launch its first robotaxi service in 2026 and Renault’s Mach 2 project will introduce autonomous electric minibuses into Châteauroux Métropole’s public transport network from 2026, and Nissan aims to roll out autonomous mobility services in Japan by 2027. Additionally, 90% of European and American-made vehicles in 2024 will feature Level 1 autonomy, such as adaptive cruise control and lane-keeping assist. Automakers including BMW, Hyundai-Kia and Stellantis, are focusing on developing Level 2 and Level 3 autonomous driving technologies with plans to integrate Level 3 features into vehicles from 2024 onward. Autonomous driving relies on a comprehensive understanding of the vehicle's surroundings.C-V2X modules provide the necessary connectivity to gather and share information, enabling vehicles to see beyond their sensor range. 

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Automotive Cellular V2X (C-V2X) Modules Market. The top 10 companies in this industry are listed below: 

1. Qualcomm Technologies, Inc.
2. Continental AG
3. Huawei Technologies Co., Ltd 
4. Quectel
5. Fibocom Wireless Inc.
6. Murata Manufacturing Co., Ltd. 
7. Innowireless Co., Ltd.
8. Alps Alpine Group 
9. Autotalks 
10. SIMCom Wireless Solutions Limited

Scope of the Report: 

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