Connected Roads: The Vehicle-to-Infrastructure (V2I) Communication Revolution

According to projections, the market for vehicle-to-infrastructure (V2I) communications will increase from $230.3 million in 2022 to $7.28 billion by the end of 2033.The market for communications between vehicles and infrastructure (V2I) is anticipated to reach $311.8 million.The CAGR from 2023 to 2033 will be 37%.

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Consumers with more disposable income are increasingly interested in intelligent vehicles. Advances in vehicle-to-everything (V2E) technology have increased the amount of data automated systems can generate. Real-time telematics. The use of Intelligent Transportation System (ITS) technology is supporting the advancement of telematics.

One of the main obstacles to the growth of the global market for vehicle-to-vehicle communication is the underdevelopment of infrastructure in less developed nations and the high cost of replacing outdated infrastructure with more modern versions.

a transportation system (ITS) that improves road safety, lowers traffic congestion, and optimizes traffic flow.

The increasing demand for connected and autonomous vehicles is one of the major factors driving the V2I communications market.To exchange information with traffic management systems, traffic lights, and other infrastructure so they can make informed decisions and navigate more effectively, connected vehicles rely on V2I communications.

Key players:

This report highlights some of the important players that are widespread globally such as Qualcomm, Intel Corporation, NXP Semiconductor, Broadcom, AT&T, Inc., Verizon, MediaTek, Delphi Automotive, Infineon Technology, Savari, Quectel Wireless Solutions, Unex Technology, 3M Profiled emphasizes. . , Erickson et al.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, brokers, customers, historical growth and future perspectives of Vehicle-to-Vehicle Communication.

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Key Segments of Vehicle-to-Infrastructure (V2I) Communications Market Industry Study

By component:

hardware
telematics unit
roadside unit
onboard unit
software
service

Applications:

DSRC
cellular
Wi-Fi
Wimax
Bluetooth

By region:

North America
Latin America
europe
East Asia
south asia pacific
Middle East and Africa

Key trends in Vehicle-to-Infrastructure (V2I) Communication Market

As of my knowledge cutoff date in September 2021, the following key trends were observed in the Vehicle-to-Infrastructure (V2I) communication market:

Growing focus on smart city initiatives: V2I communication is a key component of smart city initiatives aimed at improving transportation efficiency, reducing congestion, and enhancing road safety. There is a growing trend of cities and governments investing in V2I communication infrastructure to enable real-time communication between vehicles and roadside infrastructure, such as traffic signals, toll booths, and parking facilities, to optimize traffic flow and enhance transportation systems.

Advancements in wireless communication technologies: The evolution of wireless communication technologies, such as 5G, cellular vehicle-to-everything (C-V2X), and dedicated short-range communications (DSRC), are driving the growth of V2I communication market. These technologies enable faster and more reliable communication between vehicles and infrastructure, facilitating real-time exchange of information related to traffic conditions, road hazards, and other safety-critical data.

Increasing adoption of connected and autonomous vehicles: Connected and autonomous vehicles rely on V2I communication for exchanging data with roadside infrastructure to enable advanced driver assistance systems (ADAS) and autonomous driving functionalities. The growing adoption of connected and autonomous vehicles is driving the demand for V2I communication solutions, as it enables vehicles to communicate with infrastructure for navigation, safety, and traffic management purposes.

Emphasis on road safety and traffic management: V2I communication is being increasingly recognized as a promising technology for improving road safety and traffic management. V2I communication allows vehicles to receive real-time information from roadside infrastructure, such as traffic signals and warning signs, to enhance situational awareness and enable proactive safety measures. Governments and transportation agencies are increasingly investing in V2I communication solutions to reduce accidents, congestion, and emissions, and enhance overall traffic management.

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Regional coverage (production, demand and forecast by country and region, etc.):

North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Russia, Spain, etc.)
Asia Pacific (China, India, etc.) , Japan, Southeast Asia, etc.) South America
(Brazil, Argentina, etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)

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