V2X Chipset Market to Hit USD 5.8 Billion by 2032

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The global V2X Chipset market, categorized under the Connected Vehicles segment within the broader Automotive & Logistics sector, is on an accelerated growth trajectory. According to the latest study by Market Intelo, the market was valued at USD 1.2 billion in 2022 and is projected to reach USD 5.8 billion by 2032, registering a compelling CAGR of 17.1% during the forecast period from 2023 to 2032.

Vehicle-to-Everything (V2X) communication technologies are revolutionizing the mobility landscape by enabling real-time information sharing between vehicles, infrastructure, pedestrians, and networks. The demand for low-latency, high-reliability connectivity has pushed automakers and tech providers to integrate high-performance V2X chipsets into modern vehicles to ensure safety, automation, and smart city integration.

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Market Overview: Enabling the Next Generation of Connected Mobility

V2X chipsets serve as the core of communication modules within intelligent transport systems (ITS), allowing for seamless data exchange to avoid collisions, manage traffic, and support autonomous vehicle navigation. These chipsets support both Dedicated Short-Range Communication (DSRC) and Cellular V2X (C-V2X) protocols, providing flexible options for OEMs and infrastructure providers.

As smart mobility initiatives expand globally and autonomous vehicles edge closer to commercial deployment, the demand for reliable, scalable V2X chipset solutions continues to rise. Increasing regulatory support and government investments in transportation digitization are further driving market adoption.

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Key Market Drivers

Accelerating Development of Autonomous and Semi-Autonomous Vehicles

Autonomous driving requires constant data exchange with the environment, including real-time alerts about nearby vehicles, road conditions, and pedestrians. V2X chipsets provide the ultra-low latency required for these safety-critical communications, making them indispensable for ADAS and self-driving systems.

Growing Investments in Smart Transportation Infrastructure

Governments worldwide are investing in smart roadways, traffic lights, and vehicle detection systems as part of intelligent transportation initiatives. V2X chipset-enabled communication between vehicles and infrastructure (V2I) facilitates dynamic traffic management, accident prevention, and environmental monitoring.

Regulatory Push for Road Safety and Emissions Control

New safety regulations and emission-reduction targets are prompting vehicle manufacturers to adopt V2X technologies that can proactively reduce congestion, enhance route optimization, and mitigate accident risks. Chipset providers benefit from this policy-driven demand.

Integration with 5G and Edge Computing

The convergence of 5G networks and edge computing is creating a robust ecosystem for V2X applications. High-bandwidth, low-latency connections powered by V2X chipsets ensure faster data processing for mission-critical automotive applications like collision warnings, platooning, and emergency vehicle alerts.

Surge in Electric and Connected Vehicle Production

The rapid rise of EVs and connected cars has increased demand for embedded communication modules. V2X chipsets are becoming standard in next-generation vehicle platforms, supporting software-defined vehicle functions and enhancing fleet-level communication.

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Segment Analysis: Communication Type, Vehicle Type, and Application
By Communication Type:

DSRC (Dedicated Short-Range Communication) has been widely adopted in early-stage V2X deployments due to its reliability in short-range scenarios.

C-V2X (Cellular V2X) is experiencing rapid growth, supported by mobile network expansion and 5G integration. C-V2X enables broader coverage, better scalability, and compatibility with future autonomous systems.

By Vehicle Type:

Passenger Vehicles lead the market in terms of volume, as connected vehicle technologies become more prevalent in mid-range and premium models.

Commercial Vehicles, including delivery trucks, buses, and autonomous fleets, are adopting V2X chipsets for real-time tracking, platooning, and safety compliance.

Two-Wheelers and Micro-Mobility Vehicles are an emerging segment, especially in urban centers promoting smart mobility.

By Application:

Vehicle-to-Vehicle (V2V) communication dominates for safety-related applications such as forward collision warning and blind spot alerts.

Vehicle-to-Infrastructure (V2I) is expanding as smart city projects invest in digitized traffic systems.

Vehicle-to-Network (V2N) supports cloud-based vehicle data exchange for traffic, infotainment, and over-the-air updates.

Vehicle-to-Pedestrian (V2P) technologies are being developed to alert drivers of nearby pedestrians or cyclists, particularly in high-density areas.

Regional Insights: Asia-Pacific Leads in Adoption; North America and Europe Expand Infrastructure

Asia-Pacific currently holds the largest share of the V2X chipset market, driven by China, Japan, and South Korea. These countries have aggressively rolled out 5G infrastructure and partnered with OEMs and tech companies to test and deploy V2X-enabled vehicles and roads.

North America follows closely, bolstered by regulatory mandates from agencies like the U.S. Department of Transportation and growing adoption of autonomous driving technologies. The region is also home to several V2X chipset innovators.

Europe maintains strong momentum with its Vision Zero initiative and widespread adoption of connected mobility solutions. The EU’s push for interoperability and investment in cross-border V2X communication pilot projects further fuels growth in the region.

Competitive Landscape: Innovation, Integration, and Strategic Alliances Define the Market

The V2X chipset market is highly competitive, with major semiconductor players, automotive electronics firms, and connectivity solution providers actively investing in research and development. Partnerships between automakers and chipset manufacturers are critical to ensuring seamless integration and performance.

Key players focus on miniaturization, higher throughput, energy efficiency, and compliance with evolving standards. Open platforms and modular chipset designs are gaining traction to support diverse vehicle architectures and regulatory environments.

Prominent Market Players:

Qualcomm Technologies, Inc.

NXP Semiconductors N.V.

Autotalks Ltd.

STMicroelectronics

MediaTek Inc.

Huawei Technologies Co., Ltd.

Renesas Electronics Corporation

Marvell Technology, Inc.

Intel Corporation

Samsung Electronics Co., Ltd.

These companies are leveraging advancements in AI, machine learning, and 5G technology to offer next-gen chipsets optimized for real-time vehicular communication.

Future Outlook: Toward Fully Connected and Autonomous Ecosystems

As urban mobility shifts toward automation and sustainability, V2X chipsets will be the foundation of connected transportation networks. With supportive regulations, increased EV adoption, and advances in AI-based driving systems, the V2X chipset market is poised for robust, long-term growth.
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V2X Chipset Market to Hit USD 5.8 Billion by 2032