Global 5G V2X Communications Market Growth (Status and Outlook) 2025-2031

The global 5G V2X Communications market size is predicted to grow from US$ 180 million in 2025 to US$ 4220 million in 2031; it is expected to grow at a CAGR of 69.2% from 2025 to 2031.

5G V2X (Vehicle-to-Everything) communications refer to the advanced communication technology that utilizes the fifth generation of wireless networks to facilitate interactions between vehicles and various entities within their environment. V2X is an umbrella term encompassing several types of communications: Vehicle-to-Vehicle (V2V): Direct communication between vehicles to share information such as speed, location, and heading. This can improve safety by enabling collision avoidance systems.

Vehicle-to-Infrastructure (V2I): Communication between vehicles and road infrastructure, like traffic lights, road signs, and traffic management systems. This can optimize traffic flow and reduce congestion. Vehicle-to-Pedestrian (V2P): Communication between vehicles and pedestrians or cyclists. This helps in enhancing the safety of vulnerable road users through alerts and warnings. Vehicle-to-Network (V2N): Communication between vehicles and the broader cellular network. This includes interactions with cloud services for navigation, infotainment, and other internet-based services. Vehicle-to-Device (V2D): Communication between vehicles and various devices, which could include smartphones, wearables, and other gadgets carried by pedestrians or cyclists.

The global key manufacturers of 5G V2X Communications include Quectel, Harman International and CICTCI, etc, top 3 manufacturers hold a share approximately 44%. Quectel is the world's largest 5G V2X Communications manufacturer, with a market share of more than 19%. Europe is the largest market, and has a share about 64%, followed by North America and Asia-Pacific with share 18% and 14%, separately. In terms of product type, Hardware is the largest market segment with a share of more than 64%. In terms of applications, Intelligent Driving is the largest downstream segment, with a market share of about 71%.

LPI (LP Information)' newest research report, the “5G V2X Communications Industry Forecast” looks at past sales and reviews total world 5G V2X Communications sales in 2024, providing a comprehensive analysis by region and market sector of projected 5G V2X Communications sales for 2025 through 2031. With 5G V2X Communications sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 5G V2X Communications industry.

This Insight Report provides a comprehensive analysis of the global 5G V2X Communications landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on 5G V2X Communications portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global 5G V2X Communications market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 5G V2X Communications and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 5G V2X Communications.

This report presents a comprehensive overview, market shares, and growth opportunities of 5G V2X Communications market by product type, application, key players and key regions and countries.

Segmentation by Type:

Hardware

Software

Segmentation by Application:

Intelligent Driving

Intelligent Transportation

Communications and Entertainment

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Quectel

Harman International

CICTCI

LG Innotek

ZTE

SimCOM

Commsignia

Cohda Wireless

Neoway Technology

Please note: The report will take approximately 2 business days to prepare and deliver.