The Asia Pacific Automotive Vehicle-to-Everything Market would witness market growth of 42.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Automotive Vehicle-to-Everything Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,595.6 million by 2031. The Japan market is expected to witness a CAGR of 42.1% during (2024 - 2031). Additionally, The India market would register a CAGR of 43.8% during (2024 - 2031).
The combination of 5G and AI is further enhancing the effectiveness of V2X in autonomous driving by ensuring ultra-low latency, high-speed data processing, and intelligent traffic management. Unlike traditional communication methods, 5G enables near-instantaneous data exchange, allowing vehicles to react in real-time to road hazards, traffic signals, and dynamic pedestrian movements. AI-driven sensor fusion and predictive analytics help vehicles interpret this data, improving autonomous navigation, traffic optimization, and energy efficiency. Real-world examples, such as Singapore’s smart traffic systems and China’s C-V2X-enabled delivery vehicles, showcase how 5G, AI, and V2X are shaping the future of intelligent mobility. As the CAV demand expands, V2X will remain at the core of safer, more efficient, and fully automated transportation systems, paving the way for a new era of connected and intelligent driving experiences.
The growth of fleet management and logistics optimization is revolutionized by V2X technology, enabling real-time vehicle tracking, predictive maintenance, and improved fuel efficiency. Fleet operators in industries like trucking, delivery services, and public transportation benefit from instant data exchange, allowing them to monitor vehicle performance, track driver behavior, and reduce operational costs. By integrating V2V, V2I, and V2N connectivity, fleet managers can access traffic conditions, vehicle diagnostics, and fuel consumption patterns, making data-driven decisions that enhance efficiency. Companies like FedEx and UPS use V2X-based telematics to optimize routes, schedule maintenance, and minimize vehicle downtime, ensuring smoother operations and reduced repair costs.
As one of the fastest-growing automotive industries, India is witnessing a surge in connected and electric vehicle adoption, fueled by government-backed smart mobility initiatives. Policies such as the National Electric Mobility Mission Plan (NEMMP) and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Program are accelerating EV and V2X technology deployment.
The 2023 Union Budget increased the budget allocation for FAME II by 78%, reinforcing India’s commitment to intelligent transportation systems and connected mobility solutions. Additionally, the Production Linked Incentive (PLI) Scheme, with a budget outlay of Rs. 25,938 crore (US$ 3.25 billion) is strengthening India’s automotive manufacturing sector by encouraging the development of advanced V2X-enabled vehicle components. Governments, automakers, and technology providers are prioritizing cybersecurity infrastructure to safeguard V2X networks against potential cyber threats. With the rapid expansion of connected vehicles, EVs, and smart transportation infrastructure, securing V2X communication systems will remain a top priority across Asia Pacific, further driving the region’s market growth.
Free Valuable Insights: The Global Automotive Vehicle-to-Everything Market is Predict to reach USD 26.67 Billion by 2031, at a CAGR of 42.6%
Based on Device, the market is segmented into Onboard Unit and Roadside Unit. Based on Connectivity, the market is segmented into Cellular and DSRC. Based on Vehicle, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Communication, the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Network (V2N), Vehicle-to-Home (V2H), and Vehicle-to-Grid (V2G). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Device
By Connectivity
By Vehicle
By Communication
By Country
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