5G C-V2X module market is experiencing rapid growth, driven by the increasing demand for autonomous and connected vehicles.

These modules enable communication between vehicles (V2V), vehicles and infrastructure (V2I), and vehicles and pedestrians (V2P), enhancing safety, efficiency, and traffic management.

5G C-V2X Module market is projected to reach US$ 1774.2 million in 2029, increasing from US$ 115.8 million in 2022, with the CAGR of 45.3% during the period of 2023 to 2029.

To Know more about this report (Description, TOC and List of Tables and Figures) — 5G C-V2X Module Market

Key Players:

• · Quectel
• · Meig Smart Technology
• · Fibocom
• · Neoway Technology
• · Gosuncn
• · Huawei

· Rolling Wireless

Market Drivers:

1. · Rising demand for autonomous and connected vehicles: Advanced driver-assistance systems (ADAS) and autonomous driving rely heavily on V2X communication for critical information exchange.
2. · Government regulations and initiatives: Several countries are mandating or incentivizing the adoption of C-V2X technology in vehicles.
3. · Focus on traffic safety and efficiency: V2X communication can reduce accidents, optimize traffic flow, and improve fuel consumption.
4. · Expanding 5G infrastructure: Wider 5G availability enables faster and more reliable data transmission for V2X applications.

Market Opportunities:

• · Integration with new applications: V2X technology can be integrated with various applications beyond traffic management, such as platooning, parking management, and electric vehicle charging optimization.
• · Emergence of new technologies: Advanced sensors like LiDAR and radar can enhance the accuracy and effectiveness of V2X communication.
• · Growth in emerging markets: Asia Pacific and other regions are expected to witness significant growth in C-V2X module adoption.

Segmentation by Type:

• · 3GPP Rel-15 Technology: Supports basic V2X communication functionalities
• · 3GPP Rel-16 Technology: Offers enhanced features like higher bandwidth and lower latency

Segmentation by Application:

• · Vehicle to Vehicle (V2V): Enables vehicles to share information about speed, location, and direction, preventing collisions and improving traffic flow.
• · Vehicle to Infrastructure (V2I): Connects vehicles with traffic lights, roadside units, and other infrastructure for real-time data exchange, optimizing traffic and providing alerts about road hazards or emergencies.
• · Vehicle to Pedestrian (V2P): Helps vehicles detect and avoid pedestrians and cyclists, enhancing safety.
• · Other: Includes applications like vehicle diagnostics, remote firmware updates, and infotainment.

Segmentation by Region:

1. · North America: Early adopter region with significant government support for C-V2X technology.
2. · Europe: Strong focus on safety and traffic efficiency, driving C-V2X adoption.
3. · Asia Pacific: Fastest-growing region due to the large vehicle market and government initiatives.
4. · South America and Middle East & Africa: Emerging markets with potential for future growth.

The 5G C-V2X module market is poised for explosive growth in the coming years, fueled by technological advancements, increasing demand for advanced vehicle features, and supportive government policies.

Key players are continuously innovating to offer high-performance and cost-effective modules, catering to diverse application needs. Understanding the market dynamics, segmentation, and growth potential will be crucial for companies aiming to capitalize on this exciting opportunity.