Vehicle-To-Infrastructure (V2I) Communication Global Market Report 2024 - By Report, Size, Share, Demand, Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Vehicle-To-Infrastructure (V2I) Communication Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.72 Bn In 2028 At A CAGR Of 34.3% :
The vehicle-to-infrastructure (V2I) communication market size has grown exponentially in recent years. It will grow from $0.39 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth in the historic period can be attributed to Increasing investments in infrastructure modernization, demand for enhanced road safety solutions, growing urbanization and congestion challenges, government initiatives promoting smart transportation, increasing adoption of connected and autonomous vehicles.

The vehicle-to-infrastructure (V2I) communication market size is expected to see exponential growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 34.3%. The growth in the forecast period can be attributed to Increasing automobile thefts globally, growing advancements In the Automobile Industry, growing emphasis on cybersecurity for V2I communication, Rise of mobility-as-a-Service (MaaS) platforms, demand for predictive maintenance solutions for V2I infrastructure. Major trends in the forecast period include Integration of artificial intelligence and machine learning in V2I systems, advancements in 5G technology, shift towards sustainable mobility solutions, integration of V2I communication in smart city projects, collaboration between automotive OEMs and technology providers.

Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=15019&type=smp

Vehicle-To-Infrastructure (V2I) Communication Market Major Segments
The vehicle-to-infrastructure (V2I) communication market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Big Data Analytics, Smart Sensors
3) By Application: Dedicated Short Range Communication (DSRC), Cellular, Wi-Fi, WiMax, Bluetooth

Key Driver - Impact Of Automobile Theft On Vehicle-to-Infrastructure (V2I) Communication Market
The increasing automobile theft is expected to propel vehicle-to-infrastructure (V2I) communication market growth going forward. Automobile thefts are the unauthorized taking or stealing of motor vehicles without the owner's consent or knowledge. The increasing number of automobile thefts is due to opportunistic reasons, such as leaving keys in the ignition while the vehicle is unattended or parking in poorly lit areas. Vehicle-to-infrastructure (V2I) communication aids in decreasing automobile thefts by enabling real-time tracking, remote immobilization, enhanced security features, deterring theft attempts, and facilitating the rapid recovery of stolen vehicles. For instance, in February 2024, according to a report published by the Equite Association, a Canada-based national organization, automobile theft in Canada increased from 70,082 to 70,475, an increase of 7.1% from 2022 to 2023. Therefore, the increasing automobile theft globally is driving the growth of the vehicle-to-infrastructure (V2I) communication market.

Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=15019&type=smp

Prominent Trend - Advancements In 5G And Multi-Access Edge Computing For V2I Communication
Major companies operating in the vehicle-to-infrastructure (V2I) communication market are developing innovative solution such as Savari MECWAVE to optimize vehicle-to-infrastructure communication for enhanced traffic management and safety. Savari MECWAVE platforms offer distributed computing capabilities at the network edge, enabling low-latency processing for applications and services. They provide users faster response times, improved performance, and enhanced security by bringing computing resources closer to end-users or devices. MEC platforms facilitate deploying latency-sensitive applications such as augmented reality, autonomous vehicles, and IoT devices. For instance, in February 2022, Harman International, a US-based electronics company, launched Savari MECWAVE, an innovative multi-access edge computing (MEC) software platform. MECWAVE is a platform that enables automakers and mobile network operators to deploy vehicle-to-everything (V2X) communications with ultra-low latency, enhancing safety and connectivity for drivers, passengers, and pedestrians. It extends V2X capabilities to non-V2X-capable vehicles and devices.

Vehicle-To-Infrastructure (V2I) Communication Market Players
Major companies operating in the vehicle-to-infrastructure (V2I) communication market are Toyota Motor Corp., Hitachi Ltd., Bosch Mobility Solutions, Cisco Systems Inc., DENSO Corporation, Qualcomm Technologies Inc., Continental AG, Magna International Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Aptiv PLC, NXP Semiconductors, AECOM Technology Corporation, WSP Global, Visteon Corporation, TransCore LP, HNTB Corporation, SWARCO AG, Kapsch TrafficCom, Iteris Inc., Mitsubishi Electric Corporation, Econolite Group Inc., Autotalks Ltd., Commsignia Ltd., Cohda Wireless

View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/vehicle-to-infrastructure-v2i-communication-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the vehicle-to-infrastructure (V2I) communication market in 2023. The regions covered in the vehicle-to-infrastructure (V2I) communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vehicle-To-Infrastructure (V2I) Communication Market Report Structure
3. Vehicle-To-Infrastructure (V2I) Communication Market Trends And Strategies
4. Vehicle-To-Infrastructure (V2I) Communication Market - Macro Economic Scenario
5. Vehicle-To-Infrastructure (V2I) Communication Market Size And Growth
…..
27. Vehicle-To-Infrastructure (V2I) Communication Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.