5G V2X Communications Market By Communication Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Network (V2N)), By Vehicle Type (Passenger Cars, Commercial Vehicles, Autonomous Vehicles), By Application (Autonomous Driving, Traffic Management, Safety and Emergency Services), By End-Use Industry (Automotive OEMs, Telecom Service Providers, Smart City Solutions), and By Region; Global Insights & Forecast (2024 – 2030).

As per Intent Market Research, the 5G V2X Communications Market was valued at USD 1.9 Billion in 2024-e and will surpass USD 19.0 Billion by 2030; growing at a CAGR of 46.2% during 2025 - 2030.

 The 5G Vehicle-to-Everything (V2X) Communications market is witnessing rapid growth, driven by advancements in telecommunications and the increasing adoption of 5G networks. This technology enables real-time communication between vehicles, infrastructure, pedestrians, and networks, facilitating enhanced safety, traffic management, and autonomous driving capabilities. By providing low-latency and high-speed data transmission, 5G V2X communications are set to transform the automotive industry, enabling vehicles to communicate with each other and their surrounding environment, ensuring a safer and more efficient driving experience.

The growing demand for autonomous driving technologies, smart city initiatives, and improved traffic management systems is further accelerating the market. V2X communication enables vehicles to make more informed decisions, improving road safety and reducing accidents. As 5G networks continue to expand and evolve, the adoption of V2X technology is expected to increase, leading to greater integration of smart transportation systems globally.

Vehicle-to-Vehicle (V2V) Communication Is Largest Owing To Enhanced Safety and Collision Avoidance

Vehicle-to-Vehicle (V2V) communication holds the largest share in the 5G V2X Communications market, primarily due to its significant impact on road safety. V2V enables direct communication between vehicles, allowing them to share critical information such as speed, location, and direction. This real-time data exchange helps in preventing accidents, improving collision avoidance systems, and providing safer driving conditions. The ability for vehicles to "talk" to each other and make collective decisions about road conditions is a game-changer in terms of enhancing safety on the roads.

As road safety concerns continue to rise globally, the demand for V2V technology is expected to increase significantly. The integration of V2V communication with advanced driver assistance systems (ADAS) and autonomous driving technologies will further fuel its adoption. The ability of V2V communication to reduce traffic collisions and improve overall road safety has positioned it as the largest and most critical application in the 5G V2X market.

Autonomous Driving Application Is Fastest Growing Owing To Advancements in Self-Driving Technology

Autonomous driving is the fastest-growing application in the 5G V2X Communications market, driven by advancements in self-driving technologies and the increasing push towards fully autonomous vehicles. V2X communication plays a vital role in the development of autonomous driving systems, as it allows vehicles to communicate with their environment, including other vehicles, pedestrians, and infrastructure. This constant flow of information is crucial for enabling autonomous vehicles to navigate complex traffic situations, make real-time decisions, and operate safely without human intervention.

As the automotive industry continues to invest in self-driving technology, the demand for 5G V2X communication to support these vehicles will increase. Autonomous driving systems rely heavily on V2X to ensure smooth and safe operation in diverse traffic environments. With continuous advancements in artificial intelligence and machine learning, coupled with the increased availability of 5G networks, the autonomous driving segment is expected to witness rapid growth, contributing significantly to the overall market expansion.

Telecom Service Providers End-Use Industry Is Largest Owing To Network Infrastructure and Connectivity Needs

The telecom service providers end-use industry is the largest segment in the 5G V2X Communications market, primarily due to the essential role telecom providers play in deploying and maintaining 5G network infrastructure. The successful implementation of V2X communications relies on the widespread availability of high-speed 5G networks, which telecom service providers are actively expanding and upgrading to meet the growing demand for connected services. These providers are responsible for ensuring seamless, low-latency connectivity, which is crucial for real-time V2X communication and the effective operation of autonomous vehicles and smart transportation systems.

As the 5G network continues to evolve, telecom service providers will play a pivotal role in shaping the future of V2X communications. Their ability to offer robust, reliable, and secure networks will be fundamental to the success of V2X technologies. The continued collaboration between automotive OEMs and telecom service providers is expected to drive the expansion of this segment, with the adoption of V2X technology closely tied to advancements in 5G network infrastructure.

Asia Pacific Region Is Largest Owing To Growing Adoption of 5G and Smart City Initiatives

The Asia Pacific region leads the 5G V2X Communications market, driven by the rapid adoption of 5G technology and the region's focus on smart city initiatives. Countries such as China, Japan, and South Korea are at the forefront of implementing advanced telecommunications infrastructure and investing in the development of autonomous driving technologies. The region's large automotive manufacturing base, combined with government support for smart transportation systems, has positioned Asia Pacific as the largest market for 5G V2X communications.

Additionally, the increasing urbanization and rising demand for efficient traffic management systems are fueling the growth of smart city projects in the region. These initiatives are integrating V2X technology to improve road safety, enhance public transportation systems, and reduce traffic congestion. As 5G networks become more widespread, Asia Pacific is expected to maintain its dominance in the 5G V2X market, with further innovations in connected vehicle technologies driving sustained growth.

Competitive Landscape and Key Players

The 5G V2X Communications market is highly competitive, with several key players leading the development and implementation of V2X solutions. Major companies in this space include Qualcomm, Ericsson, Huawei, Intel, and NXP Semiconductors. Qualcomm, for example, has been actively involved in providing chipsets and technology solutions that enable V2X communication for vehicles, while Ericsson and Huawei are contributing to the deployment of 5G infrastructure necessary for the seamless operation of V2X systems.

The competitive landscape is marked by continuous technological innovation and strategic collaborations. Automotive OEMs, telecom service providers, and technology companies are working together to drive the adoption of 5G V2X communication. As the market expands, partnerships between stakeholders in the automotive, telecom, and technology sectors will continue to play a crucial role in the development of next-generation connected vehicle systems. With the growing demand for smarter, safer, and more efficient transportation solutions, these companies are well-positioned to lead the way in the 5G V2X Communications market.

List of Leading Companies:

• Qualcomm Inc.
• Ericsson AB
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Nokia Corporation
• ZTE Corporation
• Samsung Electronics Co. Ltd.
• Cisco Systems, Inc.
• Verizon Communications Inc.
• AT&T Inc.
• Vodafone Group plc
• SK Telecom Co. Ltd.
• NTT Docomo Inc.
• Audi AG
• BMW AG

Recent Developments:

• Qualcomm Inc. launched a new 5G V2X platform designed to enhance connectivity and safety features in connected vehicles.
• Huawei Technologies Co. Ltd. announced its collaboration with several automotive manufacturers to integrate 5G V2X technology into the next generation of autonomous vehicles.
• Nokia Corporation signed a partnership with a major telecom provider to deploy 5G V2X infrastructure in smart cities, enabling real-time communication for traffic management.
• Ericsson AB unveiled a new 5G V2X communication solution, aimed at reducing latency and enhancing the efficiency of traffic management systems in urban areas.
• BMW AG demonstrated the integration of 5G V2X technology in its latest vehicle models, offering enhanced safety features and vehicle-to-infrastructure communication capabilities.

eport Scope: