Industry Research Reports

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.

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.

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.

The global 5G V2X Communications market was valued at US$ 107.22 million in 2023 and is anticipated to reach US$ 3.9 billion by 2030, witnessing a CAGR of 66.67% during the forecast period 2024-2030.

The global 5G V2X Communications market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of 5G V2X Communications in various end use industries. The expanding demands from the Autonomous Driving, Fleet Management, Intelligent Traffic System and Parking Management System, are propelling 5G V2X Communications market. Hardware, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Software segment is estimated at % CAGR for the next seven-year period.

According to QYResearch’s new survey, global 5G V2X Communications market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole 5G V2X Communications market research.

Market Analysis and Insights: Global 5G V2X Communications Market

Market Analysis and Insights: Global and United States 5G V2X Communications Market