Key Influencer in the Vehicle-To-Infrastructure (V2I) Communication Market 2025: Impact Of Automobile Theft On Vehicle-to-Infrastructure (V2I) Communication Market Driver

What Is the Forecasted Market Size and Growth Rate for the Vehicle-To-Infrastructure (V2I) Communication Market?
In recent times, there has been significant growth in the Vehicle-to-Infrastructure (V2I) communication market. Projections show that the market, which will be worth $0.53 billion in 2024, will expand to a value of $0.71 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 34.4%. The rapid expansion in prior years can be linked to factors such as increased infrastructure modernization efforts, amplified need for improved road safety protocols, escalating urbanization and traffic issues, governmental measures encouraging smart transportation, and rising acceptance of connected and autonomous vehicles.

Significant expansion is anticipated in the vehicle-to-infrastructure (V2I) communication market in the forthcoming years. By 2029, it is projected to reach $2.31 billion at a compound annual growth rate (CAGR) of 34.3%. This expected growth over the stated forecast period is primarily due to factors like an increase in global automobile thefts, advancements in the auto industry, the emphasized focus on cybersecurity in V2I communication, the emergence of mobility-as-a-service (MaaS) platforms, and the increase in demand for predictive maintenance solutions for V2I infrastructure. The forecast period also anticipates trends such as the integration of machine learning and artificial intelligence into V2I systems, progress in 5G technology, shift towards eco-friendly mobility solutions, inclusion of V2I communication in smart city initiatives, and partnerships between auto OEMs and technology providers.

What Factors Are Propelling the Expansion of the Vehicle-To-Infrastructure (V2I) Communication Market?
Escalating incidents of car theft are anticipated to amplify the expansion of the vehicle-to-infrastructure (V2I) communication market in the future. Car theft involves unauthorized or illicit appropriation of motor vehicles without the consent or knowledge of the vehicle owner. The surge in car thefts can be attributed to opportunistic acts like leaving keys in the ignition when the car is unattended, or parking in insufficiently illuminated areas. The V2I communication system bolsters the reduction of car thefts by providing real-time tracking, remote immobilization, augmented security features, deterrence of theft attempts, and aiding swift recovery of stolen cars. For example, as per a report by the Equite Association, a Canada-based national organization, in February 2024, there was an increment of 7.1% in car thefts in Canada, rising from 70,082 to 70,475 from 2022 to 2023. Consequently, the global rise in car thefts is acting as a propellant for the expansion of the vehicle-to-infrastructure (V2I) communication market.

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Which Businesses Are at the Forefront of Vehicle-To-Infrastructure (V2I) Communication Market Development?
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

What Are the Latest Innovations in the Vehicle-To-Infrastructure (V2I) Communication Market?
Leading organizations in the vehicle-to-infrastructure (V2I) communication sector, like Savari, are introducing new products such as MECWAVE to boost the efficiency of vehicle-to-infrastructure communication, consequently improving traffic control and security. Savari's MECWAVE platform delivers decentralized computing power at the network periphery, allowing quicker processing for applications and services. This results in faster user response times, greater performance, and increased security by bringing the computing resources nearer to end users or gadgets. MEC platforms are instrumental in rolling out applications that require low latency, such as augmented reality, autonomous vehicles, and IoT devices. In February 2022, US-based electronics firm Harman International introduced Savari MECWAVE, a groundbreaking multi-access edge computing (MEC) software platform. MECWAVE is a platform that empowers automobile manufacturers and mobile network operators to implement vehicle-to-everything (V2X) communication with extremely low latency, upgrading safety and connectivity for drivers, passengers, and pedestrians. It broadens V2X abilities to vehicles and devices that lack V2X capabilities.

How Is the Vehicle-To-Infrastructure (V2I) Communication Market Segmented?
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

Subsegments:
1) By Hardware: Onboard Units (Obus), Roadside Units (Rsus), Communication Modules, Sensors And Cameras
2) By Software: Communication Software, Data Analytics Software, Cloud Computing Software, Security Software
3) By Services: Installation And Maintenance Services, Consulting Services, Integration Services, Managed Services

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Where Is the Vehicle-To-Infrastructure (V2I) Communication Market Growth Most Prominent?
North America was the largest region in the vehicle-to-infrastructure (V2I) communication market in 2024. 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.

What Is Covered In The Vehicle-To-Infrastructure (V2I) Communication Global Market Report?

- Market Size Analysis: Analyze the Vehicle-To-Infrastructure (V2I) Communication Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vehicle-To-Infrastructure (V2I) Communication Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vehicle-To-Infrastructure (V2I) Communication Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vehicle-To-Infrastructure (V2I) Communication Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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