5G V2X Communications Market Growth Analysis 2025

June 19, 2025

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.

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5G V2X Communications, or Vehicle-to-Everything Communications, refers to a technology that allows vehicles to communicate with other vehicles, road infrastructure, pedestrians, and traffic management systems. This communication can be used to improve safety, increase efficiency, and create more comfortable driving experiences.

The major global companies of 5G V2X Communications include Quectel, Harman International Industries, CICTCI, etc. In 2023, the world's top three vendors accounted for approximately 44.44 % of the revenue.

This report aims to provide a comprehensive presentation of the global market for 5G V2X Communications, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 5G V2X Communications.

The 5G V2X Communications market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global 5G V2X Communications market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the 5G V2X Communications companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

§ Quectel

§ Harman International

§ CICTCI

§ LG Innotek

§ ZTE

§ SimCOM

§ Commsignia

§ Cohda Wireless

§ Neoway Technology

Segment by Type