5G V2X Communication Industry Analysis：the global market size is projected to reach USD 3.95 billion by 2030

5G V2X (Vehicle-to-Everything) communication refers to the use of 5G technology to enable vehicles to communicate with each other (V2V), infrastructure (V2I), pedestrians (V2P), and networks (V2N). This technology facilitates real-time data exchange, enhancing road safety, traffic efficiency, and enabling autonomous driving features.

According to the new market research report “5G V2X Communications- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global 5G V2X Communication market size is projected to reach USD 3.95 billion by 2030, at a CAGR of 65.3% during the forecast period.

Currently, 5G V2X is being implemented and tested in various regions as part of smart transportation systems. The low latency and high bandwidth of 5G enable rapid data transmission, which is crucial for applications like collision avoidance, traffic management, and navigation assistance. Many automakers and technology companies are collaborating to develop and standardize 5G V2X systems, integrating them into modern vehicles.

The future of 5G V2X communication is promising, with continued advancements expected to further revolutionize transportation. As 5G infrastructure expands globally, V2X capabilities will become more widespread, supporting fully autonomous vehicles and smart city initiatives. Innovations in edge computing and AI will enhance the processing of V2X data, leading to more efficient and safer road systems. The integration of 5G V2X into urban planning and public infrastructure will be critical in shaping the future of connected and autonomous mobility.

• Global 5G V2X CommunicationMarketSize (US$ Million), 2019-2030

Source: QYResearch, "5G V2X Communications- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global 5G V2X CommunicationTop9 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "5G V2X Communications- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of 5G V2X Communication include Quectel, Harman International, CICTCI, LG Innotek, ZTE, SimCOM, Commsignia, Cohda Wireless, Neoway Technology, etc. In 2023, the global top five players had a share approximately 60.0% in terms of revenue.

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