Vehicle To Infrastructure Communication Market Expected to Rise at a CAGR of 21% by the end of 2029

In the following ten years, it is anticipated that the global market for vehicle-to-infrastructure communication will grow exponentially. With mergers and acquisitions heading toward larger, international transactions, the semiconductor industry would centre on effects that cut across national boundaries. In other words, since transactions eliminate regional restrictions, chip shortage won't be a problem. The future of the semiconductor industry would look like this.

In the near future, there will likely be a greater demand for telematics service providers due to the steadily growing volume of data that needs to be processed in more sophisticated ways. The global market for vehicle-to-infrastructure communication, which had a 2018 market value of US$ 900 Mn, will grow at an astounding CAGR from 2019 to 2029.

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Consumers with high disposable income are adopting intelligent vehicles. With advancements in vehicle-to-everything (V2E) technology, automation systems are capable of generating more data. Predictive analysis can be facilitated in the automotive industry with incorporation of automated real-time telematics. Also, implementation of Intelligent Transport System (ITS) technology is boosting telematics growth.

However, lack of infrastructural development in yet to develop economies and high expenditures required for replacing the existing infrastructure with its smarter variants are key factors restricting the growth of the global vehicle-to-infrastructure communication market.

Key Players:

The report has profiled some of the Important players prevalent in the global like - Qualcomm , Intel Corporation, NXP Semiconductor, Broadcom, AT&T, Inc., Verizon, MediaTek, Delphi Automotive, Infineon Technology, Savari, Quectel Wireless Solutions, Unex Technology, 3M, Ericsson and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Vehicle To Infrastructure Communication.

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Key Takeaways - V2I Communication Market Study

Driverless or autonomous vehicles are estimated to create lucrative opportunities for players in global vehicle-to-everything (V2E) space.
While the U.K. is soon to be the hub for vehicle-to-infrastructure communication, driven by auto giants' efforts, industry behemoths such as Ford, Jaguar, Land Rover, and Arup Group are investing to develop and improve driverless car technologies.

Importance of remote vehicle diagnostics has been slowly increasing and it identifies mechanical or electrical problems in vehicles. Identified problems are then automatically transmitted to manufacturer service organizations.
Previously, dealers of OEMs used to take care of customer relationship management. They have implemented connected customer relationship services, because of which they are able to connect directly with customers.

Customers are opting for ecologically sustainable products such as smart electric automobiles. With evolution in consumer sentiments and the subsequent transformations in technology, automakers are zooming in their focus on customization and aestheticism. This will motivate manufacturers to expand their portfolio and deploy target consumer-specific solutions from the V2I communication space.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders
Vehicle To Infrastructure Communication Market Manufacturers
Vehicle To Infrastructure Communication Market Distributors/Traders/Wholesalers
Vehicle To Infrastructure Communication Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in This Report.

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What are the key factors driving the global Market?
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