Global Vehicle-to-everything (V2X) Chip Market Emerging Trends, Technological Advancements, and Business Strategies (2024-2030)

The Global V2X Chip Market size was valued at US$ 834.5 million in 2024 and is projected to reach US$ 2.12 billion by 2030, at a CAGR of 16.8% during the forecast period 2024-2030.

The United States V2X Chip market size was valued at US$ 218.4 million in 2024 and is projected to reach US$ 534.6 million by 2030, at a CAGR of 16.2% during the forecast period 2024-2030.

Semiconductor chips enabling vehicle communication with infrastructure, other vehicles, and networks.

Report Overview

This report provides a deep insight into the global Vehicle-to-everything (V2X) Chip market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Vehicle-to-everything (V2X) Chip Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Vehicle-to-everything (V2X) Chip market in any manner.
Global Vehicle-to-everything (V2X) Chip Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company

• Qualcomm
• NXP
• Autotalks

• V2V
• V2I
• V2P
• Other

• Passenger Car
• Commercial Vehicle

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Vehicle-to-everything (V2X) Chip Market
• Overview of the regional outlook of the Vehicle-to-everything (V2X) Chip Market:

• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report
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Drivers:

1. Growing Demand for Connected and Autonomous Vehicles: The increasing adoption of autonomous vehicles (AVs) and connected vehicles (CVs) is driving the demand for V2X chips. These chips are essential for enabling communication between vehicles, infrastructure, and pedestrians, which is critical for AV functionalities like collision avoidance, real-time traffic updates, and route optimization.
2. Government Initiatives and Regulations: Many governments worldwide are pushing for the adoption of V2X technologies to improve road safety and traffic management. Regulations and mandates for vehicle connectivity and safety features, such as the European Union’s push for connected car standards and the U.S. Federal Communications Commission’s allocation of spectrum for V2X applications, are fostering growth in the V2X chip market.
3. Advancements in 5G and Cellular Connectivity: The roll-out of 5G networks is another key driver for the V2X chip market. The ultra-low latency and high-speed capabilities of 5G networks enable faster and more reliable communication between vehicles and infrastructure, improving the overall functionality of V2X systems.
4. Improved Traffic Management and Safety: V2X technology helps reduce accidents and traffic congestion by enabling real-time data sharing between vehicles and infrastructure. This is particularly important in high-traffic urban areas where traffic management is crucial to maintaining efficiency and safety.

Restraints:

1. High Cost of V2X Infrastructure: One of the significant barriers to the widespread adoption of V2X technology is the high cost of installing the necessary infrastructure, such as road sensors, communication systems, and V2X-enabled traffic lights. This upfront investment can be a significant deterrent for cities and municipalities.
2. Integration Complexity: Integrating V2X chips into existing vehicles and infrastructure requires significant technological and logistical efforts. Many older vehicle models are not equipped with the necessary hardware, and retrofitting them with V2X systems can be complex and costly.
3. Security and Privacy Concerns: V2X systems involve the exchange of sensitive data between vehicles, pedestrians, and infrastructure. This raises concerns regarding data security and privacy. Potential cyber-attacks or misuse of vehicle data can undermine consumer trust in V2X technologies, posing a challenge to market growth.
4. Limited Spectrum Availability: The use of dedicated short-range communications (DSRC) for V2X has been debated in terms of spectrum allocation. Limited availability of frequency bands and the ongoing debate over whether to use DSRC or cellular V2X (C-V2X) can slow down adoption and increase costs for manufacturers.

Opportunities:

1. Expansion of Smart Cities: As cities evolve into smart cities, the need for integrated traffic management and enhanced vehicle communication systems grows. The V2X chip market stands to benefit from the development of smart cities, where V2X technologies can be used to manage traffic flow, reduce emissions, and increase the efficiency of public transportation.
2. Partnerships Between Automakers and Tech Companies: Automakers are increasingly partnering with technology companies, including chip manufacturers and telecommunications firms, to integrate V2X solutions into vehicles. These collaborations create opportunities for market growth as the automotive industry invests in next-generation connectivity solutions.
3. Development of V2X in Emerging Markets: Emerging markets, particularly in Asia-Pacific, present a significant growth opportunity for the V2X chip market. Countries like China and India are rapidly adopting smart city initiatives and investing in autonomous vehicle technologies, providing a large market for V2X systems and chips.
4. Evolution of Vehicle-to-Everything (V2X) Ecosystem: As V2X technology continues to evolve, the development of new applications, such as vehicle-to-pedestrian (V2P) and vehicle-to-network (V2N) communications, opens up new revenue streams for V2X chip manufacturers. These applications can enhance safety features and further integrate vehicles into the broader digital ecosystem.

Challenges:

1. Lack of Standardization: The absence of global standards for V2X technologies can create compatibility issues among different systems and manufacturers. This lack of standardization can hinder the seamless deployment and adoption of V2X chips, especially in regions with varying regulatory requirements.
2. High Competition in the Semiconductor Market: The V2X chip market is highly competitive, with numerous players vying for market share. Companies such as Qualcomm, NXP Semiconductors, Intel, and Broadcom are competing for dominance in the market. This intense competition can lead to price wars and reduced profit margins for chip manufacturers.
3. Technological Limitations and Latency Issues: Although 5G networks are expected to improve the performance of V2X systems, current communication technologies face challenges related to latency, reliability, and coverage. High latency in communication between vehicles can reduce the effectiveness of V2X applications, especially in safety-critical situations.
4. Consumer Acceptance and Awareness: While the benefits of V2X technology are clear to industry stakeholders, consumer awareness and acceptance of the technology remain a challenge. Many consumers may not fully understand how V2X systems work or may be hesitant to adopt new technologies due to concerns over safety and privacy.