Market Forecast by Countries (United States, Canada), By Offering (Solutions, Services, Managed Services), By Technology (Line & Non-line of Sight, Automated Driving Assistance, Backing, Emergency Vehicle Notification, Passenger Information System, Others), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) And Competitive Landscape
Product Code: ETC075093 | Publication Date: Aug 2021 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Vehicle-to-everything (V2X) Market |
Forecast Period | 2025-2031 |
Market Size | USD 19.5 billion by 2031 |
CAGR | 26.4% |
Growing Sector | Automotive |
North America Vehicle-to-everything (V2X) Market report thoroughly covers the marketby offering, by technology, by vehicle typeand key countries.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Vehicle-to-everything (V2X) Market Sizeis witnessing steady growth and is projected to reach a market value of USD 19.5 billion by 2031, growing at a CAGR of 26.4% from 2025 to 2031. The market is fueled by the increasing demand for connected vehicles, government regulations promoting safety and emission control, and rising investments in autonomous driving technologies. Innovations such as 5G, advanced driver-assistance systems (ADAS), and integrated communication solutions are expected to drive the market forward. North America Vehicle-to-Everything (V2X) Market Growth is also attributed to the rising concerns regarding road safety, as V2X communication can significantly reduce accidents and enhance the overall safety of road users.
North America Vehicle-to-everything (V2X) Marketis experiencing significant growth, driven by the increasing adoption of advanced technologies aimed at improving road safety, traffic efficiency, and autonomous driving capabilities. V2X communication allows vehicles to interact with various elements of the transportation ecosystem, including other vehicles, infrastructure, pedestrians, and networks. This interaction enables features such as enhanced safety alerts, real-time traffic data, and more efficient navigation systems, significantly improving the overall driving experience. The North American V2X market is fueled by strong government support, technological advancements, and increasing investments in autonomous vehicle technologies.
According to 6Wresearch, theNorth America Vehicle-to-everything (V2X) Marketis estimated to grow at a CAGR of 26.4% during the forecast period 2025-2031. The market is experiencing substantial growth, driven by rapid advancements in connected vehicle technology and increased demand for traffic safety and management solutions. The growth is further fueled by the expansion of 5G networks and the adoption of autonomous vehicles, both of which rely heavily on V2X communication systems. As the automotive industry transitions toward smarter, safer, and more efficient vehicles, V2X technology is becoming a critical enabler. This growth is also supported by the growing number of government and private-sector investments aimed at improving traffic management and safety, particularly in urban areas. The adoption of Connected Vehicle solutions and the development of smart cities across the United States and Canada are anticipated to play a significant role in this market's expansion.
Despite its rapid growth, the North America Vehicle-to-everything (V2X) Industryfaces several challenges. One of the most significant barriers is the high cost of infrastructure development required to support V2X communication systems. This includes the installation of smart traffic lights, sensor networks, and advanced communication platforms. Additionally, privacy concerns regarding the data shared between vehicles and infrastructure pose a challenge, as the increased collection of real-time data could potentially compromise users' personal information. Another challenge is the lack of standardized protocols for V2X communication, which hinders seamless integration between various systems and technologies across manufacturers. Moreover, regulatory hurdles regarding data sharing, cybersecurity, and approval processes for autonomous vehicle technologies create complexities for market players. Overcoming these barriers is crucial for the long-term success of the V2X market in North America.
Several key trends are shaping the North America Vehicle-to-everything (V2X) Market. One of the most prominent trends is the rising adoption of automated driving assistance systems, which rely heavily on V2X technology to communicate with surrounding vehicles and infrastructure. These systems enhance safety, improve traffic flow, and enable more efficient use of road networks. Emergency Vehicle Notification (EVN)is also gaining traction, as it enhances safety by enabling vehicles to communicate with emergency vehicles, ensuring quicker response times during critical situations.
Another significant trend is the development of Passenger Information Systems (PIS), which allow passengers to receive real-time information about their routes, traffic conditions, and nearby services. As the demand for smart city infrastructure grows, cities in North America are increasingly implementing intelligent transportation systems that rely on V2X communication to optimize traffic flow and reduce congestion. The market is also witnessing innovations in cloud-based platforms for managing vehicle-to-infrastructure communications and 5G connectivity, which is expected to revolutionize V2X communication by offering faster, more reliable, and lower-latency connectivity.
North America Vehicle-to-everything (V2X) Marketpresents numerous investment opportunities, particularly for companies involved in automotive technology, telecommunications, and smart infrastructure. As governments in the U.S. and Canada ramp up efforts to support smart city initiatives, there are substantial opportunities for businesses to invest in V2X solutions that enable safer, more efficient transportation systems. Telecommunications companies are poised to benefit from the growth of 5G, which will significantly enhance the capabilities of V2X systems by providing faster data transfer speeds and reduced latency.
Additionally, startups and established companies working on innovations in automated driving and vehicle communication technologies are attracting considerable investment. V2X solution providers, particularly those offering cloud-based platforms, traffic management software, and in-vehiclecommunication systems, are also well-positioned to capture significant market share.
North America Vehicle-to-everything (V2X) Market is highly competitive, with a range of players involved in developing and providing V2X solutions across various sectors. Leading players in the market include Ford Motor Company, General Motors, Toyota, Qualcomm, Ericsson, andCohda Wireless, among others. These companies are investing heavily in research and development to advance V2X technologies, particularly in the context of autonomous vehiclesand5G communication. QualcommandEricsson are notable for their work in enabling 5G connectivity, which will be crucial in the evolution of V2X systems.
Ford and General Motors are at the forefront of integrating V2X technologies into their connected vehicles, ensuring that their cars can communicate with both infrastructure and other vehicles. Additionally, Cohda Wireless is a key player in providing vehicle-to-vehicle (V2V)andvehicle-to-infrastructure (V2I) communication solutions, contributing significantly to the development of smart city infrastructure. As demand for V2X systems continues to rise, these companies, along with startups and research institutions, are playing pivotal roles in shaping the future of connected transportation.
Governments in North America are actively driving the growth of the V2X market through a variety of initiatives and programs aimed at promoting smart city developmentand improving transportation safety. In the United States, the Connected Vehicle Pilot Deployment Program, administered by the Department of Transportation (DOT), has provided funding to test and deploy V2X technologies in real-world environments. Similarly, the Smart City Challenge, which encourages cities to integrate advanced technologies such as V2X into their infrastructure, has led to the implementation of intelligent traffic management systems in cities like Columbus,
Ohio. In Canada, the government has launched several projects focused on autonomous vehicle testing, including collaborations with automakers, technology companies, and research institutions to create connected vehicle environments. These initiatives are expected to significantly boost the adoption of V2X systems and accelerate the development of smart transportation infrastructure in both countries. Government policies are also being introduced to regulate and standardize V2X communications, ensuring that these technologies are safely integrated into the existing road networks.
North America Vehicle-to-everything (V2X) Marketis expected to see continued growth, with smart transportation and autonomous vehicles at the forefront of development. By 2031, V2X systems are likely to be integral components of urban mobility ecosystems, as governments and private entities continue to invest in smart city infrastructure. The market will likely witness greater adoption of vehicle communication technologies such as 5G-enabled solutions, which will enable real-time communication between vehicles, pedestrians, and infrastructure, enhancing road safety and reducing congestion.
The integration of artificial intelligence (AI) in V2X systems will lead to smarter, more adaptive traffic management, helping to optimize traffic flow and improve the overall transportation experience. The expansion of automated vehicle fleets will further drive the demand for V2X solutions as autonomous vehicles need constant communication with their environment to navigate safely and efficiently. As the V2X market continues to evolve, partnerships between automotive manufacturers, telecom providers, and smart city developers will play a key role in shaping the future of connected transportation in North America.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ayushi, Senior Research Analyst, 6Wresearch, thesolutions segment dominates the market, as automotive manufacturers and service providers seek to develop integrated V2X systems that provide real-time data exchange, enhanced communication, and safety features.
Automated Driving Assistance technology is the fastest-growing segment, driven by the increasing demand for autonomous vehicles and ADAS. Emergency Vehicle Notification and Passenger Information Systemsare also becoming critical components of V2X systems, contributing to enhanced safety and driver experience. The integration of 5G technology is expected to further boost these technologies.
The passenger vehicle segment is currently the largest, owing to the high demand for advanced driver-assistance systems (ADAS) and enhanced vehicle connectivity in consumer vehicles. However, the commercial vehicle segment is expected to witness substantial growth in the coming years as logistics companies and fleet operators increasingly adopt V2X systems to optimize routes, reduce accidents, and improve operational efficiency.
United States holds the dominant position in the North America Vehicle-to-everything (V2X) Market due to its advanced infrastructure, large number of connected vehicles, and strong regulatory support for autonomous vehicles. The Canadian market is also growing, with investments in smart city projects and increasing adoption of V2X solutions by both government agencies and private sector companies.
The market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Vehicle-to-everything (V2X) Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Vehicle-to-everything (V2X) Market Revenues & Volume, 2021 & 2031F |
3.3 North America Vehicle-to-everything (V2X) Market - Industry Life Cycle |
3.4 North America Vehicle-to-everything (V2X) Market - Porter's Five Forces |
3.5 North America Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 North America Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 North America Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 North America Vehicle-to-everything (V2X) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Vehicle-to-everything (V2X) Market Trends |
6 North America Vehicle-to-everything (V2X) Market, 2021 - 2031 |
6.1 North America Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2021 - 2031 |
6.2 North America Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.3 North America Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7 United States Vehicle-to-everything (V2X) Market, 2021 - 2031 |
7.1 United States Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2021 - 2031 |
7.2 United States Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.3 United States Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8 Canada Vehicle-to-everything (V2X) Market, 2021 - 2031 |
8.1 Canada Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2021 - 2031 |
8.2 Canada Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.3 Canada Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9 North America Vehicle-to-everything (V2X) Market Key Performance Indicators |
10 North America Vehicle-to-everything (V2X) Market - Opportunity Assessment |
10.1 North America Vehicle-to-everything (V2X) Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Vehicle-to-everything (V2X) Market Opportunity Assessment, By Offering, 2021 & 2031F |
10.3 North America Vehicle-to-everything (V2X) Market Opportunity Assessment, By Technology, 2021 & 2031F |
10.4 North America Vehicle-to-everything (V2X) Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
11 North America Vehicle-to-everything (V2X) Market - Competitive Landscape |
11.1 North America Vehicle-to-everything (V2X) Market Revenue Share, By Companies, 2024 |
11.2 North America Vehicle-to-everything (V2X) Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |