V2X Module Market Set to Accelerate with Growing Adoption of Connected Vehicles

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The V2X Module market is experiencing rapid growth, driven by the rising demand for connected vehicles and intelligent transportation systems. V2X (Vehicle-to-Everything) modules enable seamless communication between vehicles, infrastructure, pedestrians, and networks, enhancing road safety, traffic efficiency, and autonomous driving capabilities. With governments and automotive manufacturers investing heavily in smart mobility solutions, V2X modules are emerging as essential components for the future of connected transportation.

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Market Overview

The global V2X Module market is projected to reach USD 9.7 billion by 2030, growing at a CAGR of 14.2% during the forecast period 2023–2030. Increasing deployment of connected vehicles, expansion of 5G networks, and stringent government regulations on road safety are key factors driving market growth. Additionally, advancements in vehicle automation and telematics solutions are boosting the integration of V2X technology into modern automotive systems.

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Key Market Drivers

The growing focus on road safety and traffic management is one of the primary drivers of the V2X module market. V2X modules enable real-time vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, helping to prevent accidents, reduce congestion, and optimize traffic flow. Additionally, the rising adoption of advanced driver assistance systems (ADAS) is creating a complementary demand for V2X technology in passenger and commercial vehicles.

Moreover, government initiatives promoting smart cities and connected infrastructure are accelerating the deployment of V2X-enabled vehicles. Investment in next-generation communication standards, including Dedicated Short-Range Communication (DSRC) and Cellular V2X (C-V2X), further supports market expansion.

Market Segmentation

The V2X module market can be segmented based on communication technology, vehicle type, and end-user. By communication technology, the market includes DSRC and C-V2X, with C-V2X witnessing faster adoption due to higher data rates, better coverage, and compatibility with 5G networks.

By vehicle type, V2X modules are deployed in passenger vehicles, commercial vehicles, and public transport systems. Passenger vehicles account for the largest share due to increasing consumer awareness and government safety mandates, while commercial vehicles are expected to grow steadily as fleet operators invest in connected mobility solutions.

Regional Insights

North America leads the V2X module market, supported by advanced automotive R&D, high adoption of connected vehicles, and government-led safety initiatives. Europe is also a significant market, driven by stringent vehicle safety regulations and ongoing smart mobility projects.

The Asia-Pacific region is anticipated to witness the fastest growth, fueled by rising automotive production, increasing vehicle sales, and investments in intelligent transport infrastructure. Emerging economies in Latin America and the Middle East & Africa are expected to register steady growth as connected vehicle adoption gains momentum globally.

Competitive Landscape

The V2X module market is highly competitive, with leading players focusing on product innovation, partnerships, and strategic collaborations to strengthen their market presence. Companies are developing advanced V2X solutions integrated with AI, IoT, and 5G technologies to enhance communication reliability and data security.

Emerging vendors are targeting niche applications such as autonomous shuttles, urban mobility solutions, and intelligent highway systems. Continuous R&D investment, coupled with collaboration with automotive OEMs and telecommunication providers, is driving innovation and shaping market dynamics.

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Market Trends

A key trend in the V2X module market is the increasing integration of V2X technology with autonomous driving platforms. The combination of real-time communication and AI-driven decision-making enhances vehicle safety, navigation, and traffic optimization. Another trend is the development of hybrid communication modules that support both DSRC and C-V2X standards, providing flexibility across diverse network infrastructures.

Additionally, energy-efficient and miniaturized V2X modules are gaining traction, particularly for electric vehicles and compact urban mobility solutions. Cloud-based analytics and vehicle data management solutions are also being integrated to improve system performance and enable predictive maintenance.

Forecast Outlook

Analysts predict that the V2X module market will continue to experience strong growth, driven by rising connected vehicle penetration, smart city initiatives, and the global shift toward autonomous mobility. By 2030, the market is expected to surpass USD 9.7 billion, with C-V2X technology representing the largest segment.
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V2X Module Market Set to Accelerate with Growing Adoption of Connected Vehicles