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    South Africa V2X Market

    ID: MRFR/AM/52474-HCR
    200 Pages
    Sejal Akre
    September 2025

    South Africa V2X Market Research Report By Technology (Automated Driver Assistance, Intelligent Traffic System, Emergency Vehicle Notification, Passenger Information System, Fleet & Asset Management, Parking Management System, Line of Sight, Non-line of Sight, Others), By Component (Hardware, Software), By Communication Type (V2C, V2D, V2G, V2P, V2V, V2I), By Propulsion (Electric Vehicle (EV), ICE Vehicle), By Connectivity (DSRC, Cellular), By Unit Type (Onboard Unit, Roadside Unit) and By Vehicle Type (Passenger Car, Commercial Vehi...

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    South Africa V2X Market Research Report-Forecast to 2035 Infographic
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    Table of Contents

    South Africa V2X Market Summary

    The South Africa V2X market is projected to grow significantly from 500 USD Million in 2024 to 2500 USD Million by 2035.

    Key Market Trends & Highlights

    South Africa V2X Key Trends and Highlights

    • The South Africa V2X market is valued at 500 USD Million in 2024.
    • By 2035, the market is expected to reach 2500 USD Million, indicating robust growth.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 15.76%.
    • Growing adoption of connected vehicle technology due to increased demand for road safety is a major market driver.

    Market Size & Forecast

    2024 Market Size 500 (USD Million)
    2035 Market Size 2500 (USD Million)
    CAGR (2025 - 2035) 15.76%

    Major Players

    Naspers (ZA), Sasol (ZA), Shoprite Holdings (ZA), Standard Bank Group (ZA), FirstRand (ZA), MTN Group (ZA), Absa Group (ZA), Bidcorp (ZA), Capitec Bank (ZA)

    South Africa V2X Market Trends

    The South Africa V2X Market is currently experiencing substantial trends that are being driven by the country's ongoing dedication to enhancing the overall transportation experience, reducing traffic congestion, and improving road safety. The government's investment in smart city initiatives as part of the National Development Plan, which is designed to leverage technology for urban development, is a significant market driver. The South African government is also emphasizing the integration of V2X communication technologies with electric vehicles in order to align with local emissions targets and global sustainability objectives.

    In addition, there is a growing demand and awareness for autonomous driving technologies, which are intrinsically linked to V2X systems, resulting in a drive for infrastructure enhancements. South Africa's V2X market is rife with opportunities, particularly in the expansion of the communication infrastructure required to support vehicle-to-everything technology. This encompasses the potential for private technology firms and local municipalities to form partnerships in order to establish dedicated communication networks for vehicles. Additionally, the promotion of pilot projects in significant cities such as Johannesburg and Cape Town can act as a catalyst for the widespread adoption of the industry.

    New market segments can be captured by companies that specialize in the development of localized solutions, such as traffic management systems that take advantage of V2X data. In recent years, there has been an increase in collaboration between government agencies and technology providers with the objective of establishing robust frameworks for V2X deployment.The Automotive Industry Development Centre's recent partnership with technology companies underscores their dedication to the advancement of vehicle connectivity.

    Stakeholders are being encouraged to investigate innovative V2X applications that can optimize traffic flow and improve road safety in response to South Africa's distinctive challenges, including high accident rates and traffic congestion in urban areas. Local and international participants in the expanding V2X market can capitalize on the numerous opportunities presented by this ongoing evolution.


    South Africa V2X Market Drivers

    Market Segment Insights

    South Africa V2X Market Segment Insights

    South Africa V2X Market Segment Insights

    V2X Market Technology Insights

    V2X Market Technology Insights

    The South Africa V2X Market, particularly within the Technology segment, is poised for considerable developments in the coming years. This sector is heavily influenced by accelerated advancements in communication technologies and the rising demand for increased road safety and enhanced driving experiences. Automated Driver Assistance is gaining traction due to its potential to significantly reduce accidents and improve traffic efficiency, thus drawing the interest of both consumers and manufacturers.

    Intelligent Traffic Systems play a pivotal role in optimizing traffic flow, and such systems are being implemented more broadly across major urban areas in South Africa to combat congested road networks.The Emergency Vehicle Notification systems serve as critical solutions that prioritize and manage emergency responses, ensuring quicker access to help in critical situations, which is especially vital in densely populated regions. Passenger Information Systems are essential for enhancing user experience by providing real-time updates, which aids in better decision-making for public transport users in urban locales.

    Fleet and Asset Management technologies are becoming indispensable for businesses looking to optimize their logistics and operational efficiency, as they directly impact bottom-line performance through improved resource allocation.Further, Parking Management Systems are also contributing to the overall efficiency of urban mobility, minimizing the challenges associated with finding parking spaces in busy areas. The Line of Sight and Non-line of Sight communication modalities are fundamental to implementing a functional Vehicle-to-Everything ecosystem, enhancing the interaction between vehicles and infrastructure for a smarter urban infrastructure.

    Collectively, these segments underline the dynamic nature of the South Africa V2X Market and reflect the growing emphasis on connectivity and safety in both personal and public transportation arenas.The market trend is indicative of broader shifts towards smarter, more resilient transport options that not only improve efficiency and safety but also contribute to sustainable urban development goals as set by the South African government. The traction gained in these technology areas will continue to foster innovation and job creation within the regional automotive and tech industries, which are crucial for sustainable economic growth.

    Get more detailed insights about South Africa V2X Market Research Report-Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Africa V2X market has been experiencing significant advancements driven by an increase in automotive technologies and smart infrastructure initiatives. The market is characterized by robust competition among various stakeholders, including automotive manufacturers, technology providers, and telecom operators, all aiming to innovate and enhance connectivity in the transportation sector. With the growing emphasis on road safety, efficient transportation systems, and environmental sustainability, companies are actively exploring Vehicle-to-Everything (V2X) technologies. The competitive landscape in this market reveals a myriad of players collaborating to deploy innovative solutions while navigating regulatory challenges and consumer expectations.

    As the government promotes smart city developments and improved road networks, the market landscape is poised for further evolution fueled by both domestic and international investments.Within the South African V2X market, Jaguar has established itself as a notable player, providing advanced V2X functionalities in its vehicle offerings. The brand is recognized for integrating cutting-edge technology into its luxury vehicle lineup, enhancing the overall driving experience while prioritizing safety and efficiency.

    Jaguar’s commitment to sustainability is reflected in its electric and hybrid models, which are increasingly featuring V2X communication capabilities that aid in vehicle communication with infrastructure, other vehicles, and pedestrians.This connectivity enhances the overall road safety and traffic management, presenting Jaguar as a strong contender in the market. The company’s strong brand reputation and emphasis on a premium customer experience have further solidified its position in the growing V2X ecosystem in South Africa.In the context of the South Africa V2X market, BMW stands out for its innovative approach to integrating V2X technologies into its production vehicles.

    The company offers a range of key products and services that enhance connectivity between vehicles and infrastructure, making smart transportation a reality. Through initiatives in the smart mobility sector, BMW is actively participating in various partnerships and collation with local players to push forward V2X capabilities tailored for the South African landscape. The company benefits from its established market presence and reputation for quality and performance, which empowers it to lead in customer engagement and vehicle connectivity solutions.

    Additionally, BMW's strategic mergers and collaborations with technology firms aim to leverage cutting-edge advancements in V2X systems, allowing it to maintain a competitive edge in this rapidly evolving market segment. The integration of these technologies supports BMW’s overall strategy of offering a seamless and enriched driving experience, which further enhances the brand's appeal within the South African automotive market.

    Key Companies in the South Africa V2X Market market include

    Industry Developments

    In recent developments within the South Africa V2X Market, significant momentum has occurred, particularly with major automotive players such as Jaguar, BMW, Volvo, Geely, Honda, Porsche, Renault, Fiat, Volkswagen, Audi, Mercedes-Benz, Ford, Nissan, and Toyota. These companies are increasingly investing in connected vehicle technologies to enhance communication between vehicles and infrastructure, driven by government initiatives to bolster smart city frameworks. In August 2023, a strategic collaboration was announced between Volkswagen and local tech firms to develop advanced V2X solutions tailored for South African urban landscapes.

    In addition to these partnerships, the V2X market valuation has shown a positive trend, attributed to a growing consumer demand for innovative mobility solutions, highlighting the potential for substantial market growth.In the last couple of years, various pilot projects have been successfully launched, including a 5G V2X communication system trial by Ford in February 2022, showcasing early adoption of advanced connectivity features. Moreover, the South African government has been proactive in creating a regulatory framework and incentives to support V2X technology deployment, contributing to advancements in automotive safety and efficiency across the region.

    Market Segmentation

    Outlook

    • Passenger Car
    • Commercial Vehicle

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 71.19(USD Million)
    MARKET SIZE 2024 94.5(USD Million)
    MARKET SIZE 2035 199.2(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 7.014% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Jaguar, BMW, Volvo, Geely, Honda, Porsche, Renault, Fiat, Volkswagen, Audi, MercedesBenz, Ford, Nissan, Toyota
    SEGMENTS COVERED Technology, Component, Communication Type, Propulsion, Connectivity, Unit Type, Vehicle Type
    KEY MARKET OPPORTUNITIES Intelligent transport systems integration, Enhanced road safety solutions, Electric vehicle V2X communication, Autonomous vehicle infrastructure development, Smart city connectivity projects
    KEY MARKET DYNAMICS growing need for road safety, increasing government initiatives, demand for smart transportation solutions, rise in connected vehicle technology, investment in infrastructure development
    COUNTRIES COVERED South Africa

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    What is the expected market size of the South Africa V2X Market in 2024?

    The South Africa V2X Market is expected to be valued at 94.5 million USD in 2024.

    What is the projected market size of the South Africa V2X Market by 2035?

    By 2035, the South Africa V2X Market is projected to reach 199.2 million USD.

    What is the estimated compound annual growth rate (CAGR) for the South Africa V2X Market from 2025 to 2035?

    The South Africa V2X Market is expected to witness a CAGR of 7.014% from 2025 to 2035.

    Which technology segment is forecasted to have the highest market value in 2035 within the South Africa V2X Market?

    The Automated Driver Assistance segment is projected to have the highest market value at 53.9 million USD in 2035.

    What is the anticipated market value for Intelligent Traffic Systems in South Africa by 2035?

    The Intelligent Traffic System segment is expected to reach 46.1 million USD by 2035.

    How large is the Emergency Vehicle Notification segment expected to be in 2024?

    The Emergency Vehicle Notification segment is projected to be valued at 19.0 million USD in 2024.

    Who are the key players in the South Africa V2X Market?

    Major players include Jaguar, BMW, Volvo, Geely, Honda, Porsche, Renault, Fiat, Volkswagen, Audi, Mercedes-Benz, Ford, Nissan, and Toyota.

    What is the expected market value of the Passenger Information System technology in 2035?

    The Passenger Information System technology is anticipated to reach 30.8 million USD by 2035.

    What challenges may the South Africa V2X Market face in achieving growth?

    Challenges may include regulatory issues and the integration of new technologies into existing infrastructure.

    What are the growth drivers for the South Africa V2X Market?

    Growth drivers include increasing demand for improved traffic management and enhanced vehicle safety solutions.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Africa V2X Market, BY Technology (USD Million)
    60. Automated
    61. Driver Assistance
    62. Intelligent Traffic System
    63. Emergency
    64. Vehicle Notification
    65. Passenger Information System
    66. Fleet
    67. & Asset Management
    68. Parking Management System
    69. Line
    70. of Sight
    71. Non-line of Sight
    72. Others
    73. South
    74. Africa V2X Market, BY Component (USD Million)
    75. Hardware
    76. Software
    77. South
    78. Africa V2X Market, BY Communication Type (USD Million)
    79. V2C
    80. V2D
    81. V2G
    82. V2P
    83. V2V
    84. V2I
    85. South
    86. Africa V2X Market, BY Propulsion (USD Million)
    87. Electric
    88. Vehicle (EV)
    89. ICE Vehicle
    90. South
    91. Africa V2X Market, BY Connectivity (USD Million)
    92. DSRC
    93. Cellular
    94. South
    95. Africa V2X Market, BY Unit Type (USD Million)
    96. Onboard
    97. Unit
    98. Roadside Unit
    99. South
    100. Africa V2X Market, BY Vehicle Type (USD Million)
    101. Passenger
    102. Car
    103. Commercial Vehicle
    104. Competitive Landscape
    105. Overview
    106. Competitive
    107. Analysis
    108. Market share Analysis
    109. Major
    110. Growth Strategy in the V2X Market
    111. Competitive Benchmarking
    112. Leading
    113. Players in Terms of Number of Developments in the V2X Market
    114. Key
    115. developments and growth strategies
    116. New Product Launch/Service
    117. Deployment
    118. Merger & Acquisitions
    119. Joint
    120. Ventures
    121. Major Players Financial Matrix
    122. Sales
    123. and Operating Income
    124. Major Players R&D Expenditure.
    125. Company
    126. Profiles
    127. Jaguar
    128. Financial
    129. Overview
    130. Products Offered
    131. Key
    132. Developments
    133. SWOT Analysis
    134. Key
    135. Strategies
    136. BMW
    137. Financial
    138. Overview
    139. Products Offered
    140. Key
    141. Developments
    142. SWOT Analysis
    143. Key
    144. Strategies
    145. Volvo
    146. Financial
    147. Overview
    148. Products Offered
    149. Key
    150. Developments
    151. SWOT Analysis
    152. Key
    153. Strategies
    154. Geely
    155. Financial
    156. Overview
    157. Products Offered
    158. Key
    159. Developments
    160. SWOT Analysis
    161. Key
    162. Strategies
    163. Honda
    164. Financial
    165. Overview
    166. Products Offered
    167. Key
    168. Developments
    169. SWOT Analysis
    170. Key
    171. Strategies
    172. Porsche
    173. Financial
    174. Overview
    175. Products Offered
    176. Key
    177. Developments
    178. SWOT Analysis
    179. Key
    180. Strategies
    181. Renault
    182. Financial
    183. Overview
    184. Products Offered
    185. Key
    186. Developments
    187. SWOT Analysis
    188. Key
    189. Strategies
    190. Fiat
    191. Financial
    192. Overview
    193. Products Offered
    194. Key
    195. Developments
    196. SWOT Analysis
    197. Key
    198. Strategies
    199. Volkswagen
    200. Financial
    201. Overview
    202. Products Offered
    203. Key
    204. Developments
    205. SWOT Analysis
    206. Key
    207. Strategies
    208. Audi
    209. Financial
    210. Overview
    211. Products Offered
    212. Key
    213. Developments
    214. SWOT Analysis
    215. Key
    216. Strategies
    217. MercedesBenz
    218. Financial
    219. Overview
    220. Products Offered
    221. Key
    222. Developments
    223. SWOT Analysis
    224. Key
    225. Strategies
    226. Ford
    227. Financial
    228. Overview
    229. Products Offered
    230. Key
    231. Developments
    232. SWOT Analysis
    233. Key
    234. Strategies
    235. Nissan
    236. Financial
    237. Overview
    238. Products Offered
    239. Key
    240. Developments
    241. SWOT Analysis
    242. Key
    243. Strategies
    244. Toyota
    245. Financial
    246. Overview
    247. Products Offered
    248. Key
    249. Developments
    250. SWOT Analysis
    251. Key
    252. Strategies
    253. References
    254. Related
    255. Reports
    256. LIST
    257. OF ASSUMPTIONS
    258. South Africa V2X Market SIZE ESTIMATES
    259. & FORECAST, BY TECHNOLOGY, 2019-2035 (USD Billions)
    260. South
    261. Africa V2X Market SIZE ESTIMATES & FORECAST, BY COMPONENT, 2019-2035 (USD Billions)
    262. South
    263. Africa V2X Market SIZE ESTIMATES & FORECAST, BY COMMUNICATION TYPE, 2019-2035
    264. (USD Billions)
    265. South Africa V2X Market SIZE ESTIMATES
    266. & FORECAST, BY PROPULSION, 2019-2035 (USD Billions)
    267. South
    268. Africa V2X Market SIZE ESTIMATES & FORECAST, BY CONNECTIVITY, 2019-2035 (USD
    269. Billions)
    270. South Africa V2X Market SIZE ESTIMATES &
    271. FORECAST, BY UNIT TYPE, 2019-2035 (USD Billions)
    272. South
    273. Africa V2X Market SIZE ESTIMATES & FORECAST, BY VEHICLE TYPE, 2019-2035 (USD
    274. Billions)
    275. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    276. ACQUISITION/PARTNERSHIP
    277. LIST
    278. Of figures
    279. MARKET SYNOPSIS
    280. SOUTH
    281. AFRICA V2X MARKET ANALYSIS BY TECHNOLOGY
    282. SOUTH AFRICA
    283. V2X MARKET ANALYSIS BY COMPONENT
    284. SOUTH AFRICA V2X MARKET
    285. ANALYSIS BY COMMUNICATION TYPE
    286. SOUTH AFRICA V2X MARKET
    287. ANALYSIS BY PROPULSION
    288. SOUTH AFRICA V2X MARKET ANALYSIS
    289. BY CONNECTIVITY
    290. SOUTH AFRICA V2X MARKET ANALYSIS BY UNIT
    291. TYPE
    292. SOUTH AFRICA V2X MARKET ANALYSIS BY VEHICLE TYPE
    293. KEY
    294. BUYING CRITERIA OF V2X MARKET
    295. RESEARCH PROCESS OF MRFR
    296. DRO
    297. ANALYSIS OF V2X MARKET
    298. DRIVERS IMPACT ANALYSIS: V2X MARKET
    299. RESTRAINTS
    300. IMPACT ANALYSIS: V2X MARKET
    301. SUPPLY / VALUE CHAIN: V2X
    302. MARKET
    303. V2X MARKET, BY TECHNOLOGY, 2025 (% SHARE)
    304. V2X
    305. MARKET, BY TECHNOLOGY, 2019 TO 2035 (USD Billions)
    306. V2X
    307. MARKET, BY COMPONENT, 2025 (% SHARE)
    308. V2X MARKET, BY COMPONENT,
    309. TO 2035 (USD Billions)
    310. V2X MARKET, BY COMMUNICATION
    311. TYPE, 2025 (% SHARE)
    312. V2X MARKET, BY COMMUNICATION TYPE,
    313. TO 2035 (USD Billions)
    314. V2X MARKET, BY PROPULSION,
    315. (% SHARE)
    316. V2X MARKET, BY PROPULSION, 2019 TO 2035
    317. (USD Billions)
    318. V2X MARKET, BY CONNECTIVITY, 2025 (% SHARE)
    319. V2X
    320. MARKET, BY CONNECTIVITY, 2019 TO 2035 (USD Billions)
    321. V2X
    322. MARKET, BY UNIT TYPE, 2025 (% SHARE)
    323. V2X MARKET, BY UNIT
    324. TYPE, 2019 TO 2035 (USD Billions)
    325. V2X MARKET, BY VEHICLE
    326. TYPE, 2025 (% SHARE)
    327. V2X MARKET, BY VEHICLE TYPE, 2019
    328. TO 2035 (USD Billions)
    329. BENCHMARKING OF MAJOR COMPETITORS

    South Africa V2X Market Segmentation

    • V2X Market By Technology (USD Million, 2019-2035)

      • Automated Driver Assistance
      • Intelligent Traffic System
      • Emergency Vehicle Notification
      • Passenger Information System
      • Fleet & Asset Management
      • Parking Management System
      • Line of Sight
      • Non-line of Sight
      • Others

     

    • V2X Market By Component (USD Million, 2019-2035)

      • Hardware
      • Software

     

    • V2X Market By Communication Type (USD Million, 2019-2035)

      • V2C
      • V2D
      • V2G
      • V2P
      • V2V
      • V2I

     

    • V2X Market By Propulsion (USD Million, 2019-2035)

      • Electric Vehicle (EV)
      • ICE Vehicle

     

    • V2X Market By Connectivity (USD Million, 2019-2035)

      • DSRC
      • Cellular

     

    • V2X Market By Unit Type (USD Million, 2019-2035)

      • Onboard Unit
      • Roadside Unit

     

    • V2X Market By Vehicle Type (USD Million, 2019-2035)

      • Passenger Car
      • Commercial Vehicle
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