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Table Of Content
July 2025
Cellular Vehicle-to-Everything Market (C-V2X) Market (By Communication Type: Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Vehicle-to-Network, Vehicle-to-Pedestrian, Vehicle-to-Grid, Vehicle-to-Device; By Offering: Hardware, Software, Services; By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles, Autonomous Vehicles; By Application: Traffic Management, Emergency Vehicle Notification, Fleet and Asset Management, Autonomous Driving, Parking Management, Remote Monitoring and Diagnostics, Collision Avoidance, Infotainment and Telematics, By Technology: LTE-V2X; By End User: Automotive OEMs, Government and Transportation Authorities, Fleet Operators, Telecom Providers, Infrastructure Providers;) - Global Industry Analysis, Size, Trends, Leading Companies, Regional Outlook, and Forecast 2025 to 2034
The global cellular vehicle-to-everything (C-V2X) market size was calculated at USD 1.25 billion in 2024 and is predicted to increase from USD 1.66 billion in 2025 to approximately USD 21.91 billion by 2034, expanding at a CAGR of 33.16% from 2025 to 2034. The market is experiencing significant growth, primarily due to the growing demand for connected mobility and enhanced road safety. This is further driven by the increasing adoption of autonomous vehicles, which rely heavily on real-time, low-latency communication, infrastructure, and pedestrians. Additionally, the rollout of 5G networks provides robust, high-speed, and reliable connectivity, further accelerating market growth.
Cellular Vehicle-to-Everything (C-V2X) stands for a communication system that enables vehicles to exchange real-time information with a wide range of entities. This communication network is based on 3GPP LTE and 5G cellular standards. This technology enables communication between vehicles (V2V), vehicles and infrastructure (V2I), vehicles and pedestrians (V2P), and vehicles and the broader network (V2N) using cellular networks.
Artificial intelligence (AI) is transforming the cellular vehicle-to-everything (C-V2X) market by analyzing vast amounts of real-time data from vehicles and infrastructure, enabling advanced capabilities like predictive traffic management, enhanced safety features, and optimized traffic flow. AI improves accident prevention and allows for faster emergency response by enabling vehicles and infrastructure to communicate and coordinate more effectively. Furthermore, the AI helps to manage traffic more efficiently by providing real-time data analytics for better route planning, congestion reduction, and traffic signal optimization.
| Report Coverage | Details |
| Market Size in 2024 | USD 1.25 Billion |
| Market Size in 2025 | USD 1.66 Billion |
| Market Size by 2034 | USD 21.91 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 33.16% |
| Dominating Region | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Communication Type, Offering, Vehicle Type, Application, Technology, End User, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Enhancing Road Safety and Enabling Autonomous Driving
The primary driver for the cellular vehicle-to-everything (C-V2X) market is enhancing road safety and enabling autonomous driving, supported by government initiatives, smart city projects, and the development of advanced 5G networks and AI technologies. C-V2X provides real-time information about traffic conditions, hazards, and potential accidents, allowing vehicles to communicate with each other and their surroundings to prevent collisions and improve situational awareness. The development of 5G networks offers the high bandwidth, low latency, and reliability needed for advanced C-V2X services.
Lack of Widespread Infrastructure and the High Cost of Deployment
The primary restraint for the cellular vehicle-to-everything (C-V2X) market is the lack of widespread infrastructure and the high cost of deployment, particularly for emerging economies. The initial setup cost for C-V2X infrastructure, such as V2X-enabled intersections, is substantial, making it a barrier to entry, especially in developing nations. Adequate high-speed network coverage is essential for C-V2X functionality, but this infrastructure is lacking on many highways and in emerging economies, limiting connectivity.
Development and Deployment of 5G-Enabled Autonomous and Connected Vehicles
The main key future opportunity in this market is the development and deployment of 5G-enabled autonomous and connected vehicles, which leverage ultra-low latency communication for enhanced safety and real-time decision-making. 5G technology enables rapid, real-time data sharing between vehicles and infrastructure, which is crucial for the complex decision-making required by fully autonomous vehicles. This is supported by emerging market trends like AI at the edge, enabling faster data analysis for predictive traffic management to create efficient transportation systems.
What Made the Vehicle-To-Vehicle (V2V) Segment Lead the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
The vehicle-to-vehicle (V2V) segment dominated with a market share of 34.2% in 2024. This is because it directly improves road safety by allowing vehicles to share real-time data on speed, location, and direction, helping prevent collisions and other hazards. Supported by existing C-V2X technologies, this vital safety feature offers immediate benefits like forward collision warnings and blind-spot alerts, significantly reducing accidents, injuries, and fatalities. V2V technology gives drivers crucial real-time information about nearby vehicles, increasing their awareness of surrounding traffic.
The vehicle-to-grid (V2G) segment is expected to grow rapidly with a CAGR of 15.1%. This is because electric vehicles (EVs) serve as decentralized battery storage to stabilize power grids during peak demand and support renewable energy integration, which is vital for a more electric transportation system. It helps integrate intermittent renewable sources like solar and wind by providing flexible energy storage that balances supply fluctuations.
How Did the Hardware Segment Dominate the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
The hardware segment led with the market share of 47.6% in 2024, mainly because it supplies the essential embedded modules, on-board units, and roadside units needed to enable real-time data collection and communication. These components unlock core safety and efficiency features of C-V2X technology by allowing timely data transfer about traffic, weather, and hazards, directly improving road safety and lowering fatality rates. This is a key driver for market growth and adoption, as these tangible components deliver safety and efficiency benefits.
The services segment is predicted to be the fastest-growing part of the market with a CAGR of 13.2%. It leverages data-rich C-V2X technology to provide valuable, actionable information for safety, traffic management, and new vehicle features—moving beyond basic connectivity to deliver real benefits. These insights significantly enhance road safety with features like accident warnings, alerts for wrong-way drivers, and traffic jam notifications. Growth is driven by AI and machine learning, which analyze C-V2X data to create predictive analytics and smart services.
How Did the Passenger Vehicles Segment the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
The passenger vehicles segment led with a market share of 52.8% in 2024. This is because automakers have integrated advanced safety features into passenger cars, and governments support connected vehicle initiatives. Additionally, 5G-enabled C-V2X offers the low-latency, high-speed communication necessary for emerging autonomous driving systems and smarter mobility solutions. Worldwide, regulators and governments are pushing for V2X technology adoption in vehicles to improve road safety and optimize traffic flow, prompting automakers to prioritize integration in passenger models.
The autonomous vehicles segment is expected to grow the fastest with a CAGR of 16.4% because C-V2X communication is critical for autonomous vehicles (AVs) to reach their full potential. It enables them to perceive beyond onboard sensors and react to unseen hazards, which is essential for safety and proper functioning. This growth is supported by ongoing research, smart city initiatives, and partnerships between automakers and tech firms, improving overall safety and reliability.
Why Did the Traffic Management Segment Lead the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
The traffic management segment led with a market share of 26.5% in 2024 because it offers practical solutions to major urban challenges such as congestion, pollution, and long commutes, providing clear benefits for governments and citizens alike. C-V2X enables real-time data exchange for smarter traffic control, optimized routing, and adaptive signals, leading to smoother traffic flow, better safety, and more predictable travel times. By optimizing traffic, C-V2X also helps reduce congestion, cut travel times, and improve overall road safety and efficiency.
The autonomous driving segment is expected to grow fastest with a CAGR of 14.8% in the near future, as C-V2X is crucial for enabling vehicles to perceive, communicate, and navigate safely and efficiently. It supplies real-time data, advanced sensors, and AI-driven decision-making, which are key for AV operation. The rise of autonomous vehicle development increases demand for sophisticated C-V2X infrastructure, including features like predictive traffic management and accurate positioning in dynamic environments.
What Made the LTE-V2X Segment Lead the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
The LTE-V (PC5) – direct communication sub-segment of the LTE-V2X segment dominated with a market share of 62.1% in 2024. This is because it offers a reliable, budget-friendly, and flexible solution that uses existing LTE cellular infrastructure, providing an affordable way for automakers to enter the market. It leverages well-established LTE networks, reducing the need for new infrastructure in both cities and rural areas. It also offers dependable real-time, short- and long-range communication, a single-module solution for various applications, and a standardized roadmap for 5G.
The LTE-V2X segment is likely to expand quickly, particularly the LTE-V (Uu) – network-based communication sub-segment with a CAGR of 12.6%, due to its ability to utilize existing cellular networks, offering better mobility support, reliability, and security than earlier options. It performs well in dense traffic, supports both short- and long-range communications, and provides a scalable path toward 5G services, boosting its use in connected and autonomous vehicles for safety and efficiency, and supporting intelligent transportation systems.
How Did the Automotive OEMS Segment Lead the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
The automotive OEMs segment held the largest market share at 39.70% in 2024. This is because they control how C-V2X technology into vehicles, which is essential for realizing the technology's potential for enhanced safety, efficiency, and the development of autonomous driving systems. OEMs are the primary entities that integrate C-V2X hardware and software into new vehicles. This integration is the foundational step for any V2X application to reach consumers and is responsible for the development and implementation of specific V2X applications.
The telecom providers segment is experiencing rapid growth with a CAGR of 12.70% by expanding existing cellular networks, offering crucial Vehicle-to-Network (V2N) capabilities vital for advanced autonomous and smart transportation features. Telecom companies own and operate the extensive 5G and 4G/LTE networks that support high data transfer rates and low latency necessary for critical vehicle, infrastructure, and cloud communications.
The U.S. cellular vehicle-to-everything (C-V2X) market size was exhibited at USD 291.38 million in 2024 and is projected to be worth around USD 5,153.23 million by 2034, growing at a CAGR of 33.28% from 2025 to 2034.
How Did North America Lead the Cellular Vehicle-to-Everything (C-V2X) Market in 2024?
North America led with a market share of 33.3% in 2024. This is due to strong government backing, quick 5G network deployment, advanced vehicle connectivity, robust infrastructure investment, and a focus on safety and autonomous driving. Both the U.S. and Canadian governments have been strong proponents of C-V2X technology. They have created favorable regulatory environments and prioritized V2X deployment to enhance road safety and traffic efficiency. Strong federal support from agencies like the U.S. Department of Transportation and the Federal Communications Commission has been crucial in promoting V2X deployment for C-V2X technology to function effectively.
The U.S. Cellular Vehicle-to-Everything (C-V2X) Market Trends
The U.S. plays a distinctive role in the global market. This is mainly due to fostering adoption through government initiatives, a strong automotive and tech industry, and early integration of 5G technology. The U.S. Department of Transportation released plans to accelerate V2X deployment, and regulatory bodies have allocated spectrum for C-V2X. Leading U.S. and global companies like Ford, GM, and Qualcomm are developing C-V2X technologies, driven by increasing investment in smart infrastructure and vehicle connectivity.
Canada Cellular Vehicle-to-Everything (C-V2X) Market Trends
Canada plays an evolving role in the market. This is mainly government support, infrastructure development, with industry stakeholders to improve road safety and traffic efficiency. Its push for decarbonization and sustainable transportation, coupled with increasing investment in electric and autonomous vehicles, creates a strong ecosystem for C-V2X technology. The government actively supports the development of smart cities, which involves funding real-world tests and deployments of C-V2X technology within these urban environments.
Why is Asia Pacific Considered the Fastest-Growing Region in the Cellular Vehicle-to-Everything (C-V2X) Market?
Asia-Pacific is anticipated to be the fastest-growing region in the cellular vehicle-to-everything (C-V2X) market with a CAGR of 12.90%. This is mainly due to its rapid urbanization, massive vehicle production, significant investment in smart city initiatives, and supportive government policies. As it is major is a major hub for vehicle manufacturing, home to numerous automotive giants, and has a large, growing middle class with increasing demand for advanced automotive features like connected and autonomous vehicles. This growth is fostered by a large and growing consumer base with increasing demand for connected vehicles and autonomous driving, and the presence of major automotive and tech companies actively rolling and technological innovations.
By Communication Type
By Offering
By Vehicle Type
By Application
By Technology
By End User
By Region
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