DSRC Technology Market To Witness Huge Growth By 2031 - Bodywise Ltd, Corman SpA, Lil-Lets UK Limited, Procter and Gamble Co, Kimberly-Clark Corporation

The global Dedicated Short-Range Communications (DSRC) technology market was valued at $1.4 billion in 2022 and is projected to reach $16.9 billion by 2030, expanding at a remarkable CAGR of 36.2% from 2024 to 2031.

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DataM Intelligence has released a new research report on "Dedicated Short-Range Communications (DSRC) technology Market Size 2024." This report offers in-depth insights into key factors such as regional growth, segmentation, CAGR, and the revenue status of leading players in the industry. Its aim is to present a detailed overview of the current market size in terms of value and volume, as well as potential opportunities and development trends.

The Dedicated Short-Range Communications (DSRC) market is playing a pivotal role in the evolution of Intelligent Transportation Systems. Renowned for its reliability, low latency, and proven performance, DSRC technology is accelerating its adoption worldwide. It supports critical vehicle-to-vehicle and vehicle-to-infrastructure communication, enhancing road safety, alleviating traffic congestion, and powering advanced driver assistance systems.

The Dedicated Short-Range Communications (DSRC) technology Market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Market Dynamics:

Increasing Demand for Electric Vehicles

The global DSRC technology market is experiencing robust growth, fueled by the surge in electric vehicle (EV) sales. According to the International Energy Agency (IEA), electric car sales surpassed 10 million units in 2022, capturing a 14% share of the global automotive market. Despite challenges such as supply chain disruptions, economic uncertainty, and high commodity prices, the growth of electric vehicle sales remains strong, with a remarkable 55% increase in 2022 compared to the previous year.

The Net Zero Scenario projects that electric vehicles will account for about 65% of total car sales by 2030, necessitating an average annual growth rate of roughly 25% from 2023 to 2030. This rising adoption of electric vehicles, which frequently utilize DSRC technology for enhanced communication and safety features, is significantly driving the expansion of the global DSRC technology market.

Market Segment Analysis

By Type: Active DSRC, Passive DSRC

By Transceiver: On Board Unit, Roadside Unit

By Electromagnetic Spectrum: Microwave, Infrared

By Frequency Band: (5.8 GHZ, 5.11 GHZ, Others)

By Vehicle: Passenger Vehicles, Commercial Vehicles, Aftermarket

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Major Key players

• Bodywise Ltd
• Corman SpA
• Lil-Lets UK Limited
• Procter and Gamble Co
• Kimberly-Clark Corporation
• Edgewell Personal Care Company
• Unicharm Corporation
• Johnson & Johnson Inc.
• Cora
• First Quality Enterprises Inc

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis

The global Dsrc Technology Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Dsrc Technology Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Silicone Pin Mat Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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