The Latin America, Middle East and Africa Automotive Vehicle-to-Everything Market would witness market growth of 45.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $526.1 million by 2031. The Argentina market is registering a CAGR of 46.9% during (2024 - 2031). Additionally, The UAE market would witness a CAGR of 43.8% during (2024 - 2031).
Beyond tracking and maintenance, V2X significantly improves route planning and logistics efficiency, helping fleet operators overcome traffic congestion, unpredictable road conditions, and delivery delays. AI-driven V2X navigation systems evaluate real-time traffic information to enhance route optimization, thereby minimizing travel duration and petroleum expenditure. Companies like Amazon leverage V2X and AI-driven algorithms to enhance last-mile delivery, ensuring packages reach customers faster while lowering emissions. Additionally, platooning technology allows trucks to travel in synchronized formations, reducing aerodynamic drag and boosting fuel efficiency. V2X also plays a crucial role in regulatory compliance and driver safety, with ride-hailing companies like Uber and Lyft using connected vehicle data to monitor driver behavior and enforce safe driving standards. As smart logistics and intelligent fleet management evolve, V2X will remain a key technology in creating cost-effective, sustainable, and efficient transportation systems.
The rising popularity of Mobility-as-a-Service (MaaS) is revolutionizing urban transportation by integrating multiple transport options—such as ride-sharing, public transit, and micro-mobility—into a unified platform. This shift is powered by V2X technology, which enables real-time ride coordination, seamless public transport integration, and dynamic route optimization. By leveraging V2X-based data exchange, MaaS providers like Uber, Lyft, and Moovit can efficiently allocate fleets, reduce wait times, and enhance passenger convenience.
Brazil is leading the V2X adoption curve in Latin America, driven by rising demand for connected and electric vehicles (EVs). As the dominant automotive sector within the region, Brazil is implementing sophisticated transportation technologies to improve urban mobility and mitigate traffic congestion. According to the Brazilian Electric Vehicle Association (ABVE), sales of electric vehicles in Brazil nearly doubled in 2023, reaching 93,927 units in December, compared to 49,245 in 2022. The anticipated EV sales in 2024 are projected to exceed 150,000 units, reinforcing the country’s transition toward intelligent and sustainable mobility solutions.
Through initiatives like "Plano Nacional de Mobilidade Urbana" (National Urban Mobility Plan), the Brazilian government is actively promoting the integration of connected vehicles into its transportation infrastructure. Automakers and infrastructure developers are responding by investing in advanced V2X cybersecurity measures to protect V2I and V2V communication systems from potential cyber threats. As LAMEA countries progress toward connected mobility, securing V2X communication networks will remain a top priority for governments, automakers, and technology providers, ensuring the safety, efficiency, and reliability of the region’s smart transportation systems.
Free Valuable Insights: The Worldwide Automotive Vehicle-to-Everything Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Device
By Connectivity
By Vehicle
By Communication
By Country
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