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

"The new report published by The Business Research Company, titled ""Vehicle-To-Infrastructure (V2I) Communication Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
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

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