Mon. Oct 2nd, 2023
Global 5G C-V2X Module Market Insights

The global 5G C-V2X Module market is expected to experience significant growth in the coming years. The market size in 2022 was valued at USD 119.2 million, and it is projected to reach a size of USD 1482.4 million by 2029. This represents a compound annual growth rate (CAGR) of 43.4% during the review period from 2022 to 2029.

The market is dominated by key players such as Quectel, Meig Smart Technology, Fibocom, Neoway Technology, Gosuncn, Huawei, and Rolling Wireless. These companies are actively involved in the development and manufacturing of 5G C-V2X modules.

The 5G C-V2X modules are categorized into two types: 3GPP Rel-15 Technology and 3GPP Rel-16 Technology. These modules are used in various applications, including Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P), and others.

The report provides detailed information on the market size and forecasts, including consumption value, sales quantity, and average selling prices. It also includes analysis by region and country, as well as by type and application. Additionally, the report highlights the market shares of major players and examines the factors driving market demand.

The COVID-19 pandemic and the Russia-Ukraine war have had an impact on the 5G C-V2X Module market. The changes in demand, consumption, transportation, and production caused by these events have been taken into consideration in the study. The report provides an analysis of the market in different regions, including North America, Europe, China, and Japan.

Overall, the Global 5G C-V2X Module Market Report offers valuable insights into the industry, helping companies and individuals understand the market’s size, growth potential, and competitive landscape.