DSRC Technology Market | Enabling Reliable V2X Communication for Smart Transport | Latest Major Companies - Bodywise Ltd, Corman SpA, Lil-Lets UK Limited, Procter and Gamble Co, Kimberly-Clark Corporation, Edgewell Personal Care Company

The Global DSRC Technology Market reached US$ 1.4 billion in 2022 and is expected to reach US$ 16.9 billion by 2030, growing with a CAGR of 36.2 % during the forecast period 2024-2031.

The DSRC Technology Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.

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Dedicated Short-Range Communications (DSRC) is a wireless communication technology designed for secure, high-speed data exchange between vehicles and roadside infrastructure. Operating in the 5.9 GHz band, DSRC enables real-time vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, supporting applications like collision avoidance, traffic management, and toll collection. With low latency and high reliability, DSRC is a key enabler of intelligent transportation systems and enhanced road safety.

Market Players in the DSRC Technology market

The prominent players in DSRC Technology market research report are: 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 and First Quality Enterprises Inc.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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DSRC Technology Market Key Development

Rising electric vehicle adoption is driving the DSRC technology market. According to the IEA, EV sales surpassed 10 million units in 2022, marking a 14% share of global auto sales. As EVs increasingly integrate DSRC for communication and safety, their continued growth-projected to reach 65% of total sales by 2030-fuels demand for DSRC systems.

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DSRC Technology Market Segments

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

The DSRC Technology industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Research Methodology

Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.

Regions Covered:

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

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

This Report Covers:

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✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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