Automotive 5G Communication Module Market to Reach USD 8.7 Billion by 2034, Driven by Demand for Connected Vehicles and Safety Technologies

The global Automotive 5G Communication Module Market is expected to grow from USD 2.2 billion in 2024 to USD 8.7 billion by 2034, registering a strong CAGR of 14.40%, according to recent market analysis. This growth is being powered by the rising demand for connected and autonomous vehicles, along with global regulatory efforts to enhance vehicle safety through advanced communication technologies.

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Passenger vehicles make up the largest market share, with widespread use of 5G modules to improve navigation, infotainment, and safety features. Commercial vehicles are expected to be the fastest-growing category, thanks to increasing demand for connected fleet management.

Among key applications, Vehicle-to-Everything (V2X) communication leads the market, valued at USD 0.9 billion in 2024 and forecast to reach USD 3.5 billion by 2034. V2X supports real-time communication between vehicles and infrastructure, helping reduce accidents and improve traffic flow. Meanwhile, Autonomous Driving is the fastest-growing application, with a CAGR of 15.5%, supported by advancements in AI and global testing of driverless vehicles.

On the product side, 5G Communication Modules are the largest segment, projected to grow from USD 0.8 billion in 2024 to USD 3.1 billion by 2034. These modules are essential for enabling real-time data exchange and over-the-air updates. The fastest-growing product segment is 5G Telematics Control Units, which support remote monitoring and diagnostics for vehicles.

North America is currently the largest revenue contributor to the market, backed by public investment in smart transportation infrastructure. The Asia Pacific region is set to experience the fastest growth, driven by rapid urban development and smart city initiatives across countries like China, Japan, and South Korea.

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Key companies such as Qualcomm, Huawei, and Bosch are leading the way, investing heavily in research and development to roll out new solutions. In March 2024, Qualcomm launched its Snapdragon Automotive 5G Platform to enhance vehicle connectivity and infotainment systems. Similarly, Ford has already integrated 5G modules into its new electric vehicle lineup.

Government support is also boosting market momentum. For instance, the U.S. Department of Transportation has committed USD 1.5 billion to support smart transportation projects, while the European Union's Horizon 2020 program has allocated EUR 300 million to advance autonomous vehicle technologies. Moreover, new regulations, including the EU's mandate requiring V2X communication in all new vehicles by 2025, are accelerating the adoption of 5G modules.

Despite this progress, the market faces challenges. The uneven rollout of 5G networks, especially in rural areas, limits the reach of these technologies. Additionally, varying global regulations, such as Europe's strict data privacy laws, can increase costs and slow down new product launches. The high cost of developing 5G infrastructure also remains a barrier in some regions.

Nonetheless, the outlook remains positive. With 5G networks expected to cover 60% of the world's population by 2025, the path is clear for rapid adoption in the automotive sector. As more vehicles are built to connect with their surroundings and operate more independently, 5G communication modules will play a central role in the future of mobility.

Automotive 5G Communication Module Competitive Strategies & Notable Developments

Part 1: Top 10 Companies

Qualcomm: Leading in 5G technology with significant revenue contributions from automotive communication modules.

Huawei: Strong presence in the Asia Pacific region, investing heavily in 5G R&D.

Bosch: European leader in automotive communication modules, focusing on innovation and sustainability.

Ericsson: Key player in 5G infrastructure, collaborating with automakers for module integration.

Nokia: Expanding its 5G portfolio with a focus on automotive applications.

Samsung: Investing in 5G technology to enhance its automotive communication module offerings.

Intel: Developing advanced 5G communication modules for autonomous vehicles.

ZTE: Strong presence in the Asia Pacific region, focusing on 5G module development.

Continental: European leader in automotive communication modules, focusing on V2X communication.

NXP Semiconductors: Leading in semiconductor solutions for automotive 5G communication modules.

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Automotive 5G Communication Module Market Segmentation

By Product Type

5G Telematics Control Units

5G Communication Modules

5G Antennas

5G Modems

By Application

Vehicle-to-Everything (V2X) Communication

Autonomous Driving

Infotainment Systems

Fleet Management

By End User

Passenger Vehicles

Commercial Vehicles

Electric Vehicles

By Technology

Standalone 5G

Non-Standalone 5G

By Distribution Channel

OEMs

Aftermarket

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