Evolving Market Trends In The Vehicle-To-Infrastructure (V2I) Communication Industry: Advancements In 5G And Multi-Access Edge Computing For V2I Communication

The Vehicle-To-Infrastructure (V2I) Communication Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Vehicle-To-Infrastructure (V2I) Communication Market Size During the Forecast Period?
The market size of vehicle-to-infrastructure (V2I) communication has witnessed a significant expansion in the past few years. It's projected to increase from $0.53 billion in 2024 to $0.71 billion in 2025, maintaining a compound annual growth rate (CAGR) of 34.4%. Factors contributing to the growth during the historic period include increased investment in updating infrastructure, a rising demand for improved road safety measures, escalating urbanization and traffic troubles, government policies promoting intelligent transportation, and an upsurge in the adoption of connected and autonomous vehicles.

In the coming years, the market for vehicle-to-infrastructure (V2I) communication is projected to experience rapid expansion, reaching $2.31 billion in 2029 with an impressive 34.3% compound annual growth rate (CAGR). The factors leading to this increase could be attributed to the global surge in car thefts, advancements in the auto industry, prioritization of cybersecurity within V2I communication, the emergence of mobility-as-a-service (MaaS) platforms, and the increased demand for predictive maintenance solutions for V2I infrastructures. Also impacting this forecast period will be the integration of AI and machine learning into V2I systems, developments in 5G technology, a move towards sustainable mobility, V2I communication's integration into smart city initiatives, and partnerships between automotive OEMs and tech providers.

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What Are the High-Growth Segments in the Vehicle-To-Infrastructure (V2I) Communication Market?
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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What Key Drivers Are Expected to Influence Future Vehicle-To-Infrastructure (V2I) Communication Market Growth?
The escalating instances of vehicle theft are expected to fuel the advancement of the vehicle-to-infrastructure (V2I) communication market. Car theft is characterized as the illicit appropriation or stealing of motorized vehicles without the owner's permission or awareness. The swelling number of car thefts can be attributed to opportunistic circumstances such as leaving keys in the ignition with the car unattended or parking in insufficiently illuminated areas. V2I communication assists in curtailing car thefts by providing features like real-time tracking, remote immobilization, heightened security, discouraging theft attempts, and aiding in the swift retrieval of stolen vehicles. For instance, a report released by the Equite Association, a Canadian national organization, in February 2024 revealed that car theft in Canada escalated from 70,082 to 70,475, showing a 7.1% rise from 2022 to 2023. Consequently, the rising instances of vehicle theft worldwide are propelling the vehicle-to-infrastructure (V2I) communication market's growth.

Which Companies Hold the Largest Share Across Different Vehicle-To-Infrastructure (V2I) Communication Market Segments?
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 Trends Are Driving Growth in The Vehicle-To-Infrastructure (V2I) Communication Market?
Prominent businesses in the vehicle-to-infrastructure (V2I) communication market are creating trailblazing solutions like Savari MECWAVE, aimed at improving traffic management and overall safety through refined vehicle-to-infrastructure communication. Savari MECWAVE platforms deliver distributed computing resources at the edge of the network, which make possible low-latency processing for applications and services. The benefit is a faster response time, superior performance, and augmented security courtesy of these closer-to-user computational resources. MEC platforms contribute to the deployment of latency-sensitive applications such as augmented reality, autonomous vehicles, and IoT devices. For example, in February 2022, US-based electronics firm Harman International introduced Savari MECWAVE. It's an advanced multi-access edge computing (MEC) software platform. The significance of MECWAVE lies in its ability to assist automakers and mobile network operators in implementing vehicle-to-everything (V2X) communication, which offers ultra-low latency, thereby increasing safety and connectivity for drivers, passengers, and even pedestrians. This platform further expands V2X capabilities to vehicles and devices that are not V2X-capable.

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What Are the Emerging Geographies for The Vehicle-To-Infrastructure (V2I) Communication Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vehicle-To-Infrastructure (V2I) Communication Market?
2. What is the CAGR expected in the Vehicle-To-Infrastructure (V2I) Communication Market?
3. What Are the Key Innovations Transforming the Vehicle-To-Infrastructure (V2I) Communication Industry?
4. Which Region Is Leading the Vehicle-To-Infrastructure (V2I) Communication Market?

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