Automotive V2X Antenna Market Trends, Disruptors & Competitive Strategy

Automotive V2X Antenna Market Planning & Strategic Insights for 2034

The automotive V2X antenna market is predicted to expand from USD 5.41 billion in 2025 to USD 19.3 billion by 2034, growing at a CAGR of 15.17% during the forecast period from 2025 to 2034.

Introduction

The automotive V2X antenna market is a crucial sector of the automotive industry. This industry deals in production and distribution of V2X antennas for the automotive sector. There are various types of antennas developed in this sector comprising of passive antennas, active antennas, smart antennas and some others. These antennas work in different frequency consisting of CV2X and DSRC. It finds several applications in vehicles including vehicle-to-vehicle communication, vehicle-to-infrastructure communication, vehicle-to-pedestrian communication and vehicle-to-network communication. The V2X antennas are designed for different vehicles such as passenger cars, commercial vehicles and electric cars. The growing sales of electric vehicles around the world has increased the demand for V2X antennas, thereby propelling the industrial expansion. This market is projected to rise significantly with the growth of the automotive technology sector in different regions of the world.

• According to the International Energy Agency, the BEV sales in China during 2021 was 6.2 million units that increased to 16.1 million units in 2023.

Highlights of the Automotive V2X Antenna Market

• North America held the dominant share of the automotive V2X antenna market due to the growing sales of passenger vehicles in this region.
• Asia Pacific is expected to grow with assignificant CAGR due to the rising demand for electric vehicles in this region.
• The passenger cars segment dominated the market due to the increasing demand for SUVs around the world.
• The vehicle to infrastructure communication segment led the market due to the upsurge in demand for wireless exchange of data between road infrastructure and vehicles.

Automotive V2X Antenna: Trends, Stats and Figures

• The rising urbanization in different parts of the world along with numerous government initiatives to develop smart cities has increased the application of automotive V2X antenna. For instance, in August 2024, the government of India announced an investment of US$ 3.41 billion. This investment is done for developing 12 smart cities across the nation.
• According to the International Energy Agency, around 7.8 million electric SUVs were sold across the world in 2023.
• According to the International Organization of Motor Vehicle Manufacturers, around 27452301 commercial vehicles were sold globally in 2023.
• According to the Statistics Canada, around 135511 vehicles were sold in Canada during December 2024.

Industry Leader Announcement

In November 2024, Norbert Muhrer, the President and CSO of Quectel Wireless Solutions announced that,” With the automotive and EV sectors increasingly relying on precise navigation technologies, our solutions provide an indispensable foundation for developing safer, smarter, and more efficient vehicles.”

Competitive Landscape

The automotive V2X antenna market is a fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Qualcomm, Harman International, Continental, Denso, Kistler, NVIDIA, LG Electronics and some others. These market players are constantly engaged in developing advanced V2X antenna for automotives to hold their dominance in this industry.

• According to the annual report of Nvidia, the compute and network segment generated a revenue of US$ 15068 million in 2023 that increased to US$ 47405 million in 2024.

Market Segmentation

By Application

• Vehicle-to-Vehicle Communication
• Vehicle-to-Infrastructure Communication
• Vehicle-to-Pedestrian Communication
• Vehicle-to-Network Communication

By Frequency

• Dedicated Short Range Communication
• Cellular V2X
• C-V2X
• DSRC

By Antenna Type

• Passive Antennas
• Active Antennas
• Smart Antennas

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles

By Region

• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa