Vehicle-To-Infrastructure (V2I) Communication Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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Vehicle-To-Infrastructure (V2I) Communication Market Size Growth Forecast: What to Expect by 2025?
The market size of vehicle-to-infrastructure (v2i) communication has seen explosive growth in recent times. It is projected to expand from $0.53 billion in 2024 to $0.71 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 33.5%. The significant growth witnessed in the historical period is due to a rise in investments in modernizing infrastructure, a greater need for improved road safety measures, escalating urbanization and congestion problems, government policies encouraging intelligent transportation systems, and an increased adoption rate of connected and autonomous vehicles.

How Will the Vehicle-To-Infrastructure (V2I) Communication Market Size Evolve and Grow by 2029?
The expectation for the vehicle-to-infrastructure (V2I) communication market is to see substantial growth over the next few years, with the market size projected to grow to $2.1 billion in 2029, growing at a compound annual growth rate (CAGR) of 31.3%. Factors contributing to the growth forecast during this period include global increases in vehicle theft, advancements in the automotive industry, heightened focus on cybersecurity in V2I communication, the rise of mobility-as-a-service (MaaS) platforms, and an increased demand for predictive maintenance solutions for V2I infrastructure. Key trends expected during this forecast period include incorporating artificial intelligence and machine learning into V2I systems, advancements in 5G technology, shifting towards sustainable mobility solutions, integrating V2I communication within smart city projects, and partnerships between automotive Original Equipment Manufacturers (OEMs) and technology providers.

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What Drivers Are Propelling the Growth of Vehicle-To-Infrastructure (V2I) Communication Market Forward?
The surge in automobile theft is anticipated to fuel the expansion of the vehicle-to-infrastructure (V2I) communication market. The unauthorised appropriation of motor vehicles, usually without the knowledge or approval of the owner, constitutes automobile thefts. These thefts are typically opportunistic, provoked by irresponsible acts such as leaving keys in the ignition of an unattended vehicle or parking in dimly lit surroundings. Vehicle-to-infrastructure (V2I) communication can help reduce these occurrences through features like real-time tracking, remote immobilisation, improved security characteristics, thwarting thefts and aiding faster retrieval of stolen vehicles. As an illustration, the Equite Association, a national organization based in Canada, released a report in February 2024, stating a 7.1% rise in automobile theft in Canada from 70,082 in 2022 to 70,475 in 2023. Consequently, the escalation of automobile theft worldwide has been a significant driver for the growth of the vehicle-to-infrastructure (V2I) communication market.

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Which Emerging Trends Are Transforming the Vehicle-To-Infrastructure (V2I) Communication Market in 2025?
Leading firms in the vehicle-to-infrastructure (V2I) communication marketplace, like Savari MECWAVE, are introducing state-of-the-art solutions that refine and enhance V2I communication for improved traffic control and safety measures. Savari MECWAVE platforms come with expansive network-edge computing capabilities, thereby enabling low-delay processing for different applications and services. These platforms bring computing resources closer to the end-users or devices, thus giving quicker response times, heightened performance, and superior security. Such MEC platforms are well-suited for deploying latency-sensitive applications like augmented reality, self-driving vehicles, and IoT devices. As a case in point, in February 2022, a US electronics firm known as Harman International launched the MECWAVE - an inventive MEC software platform designed by Savari. This MECWAVE platform permits automobile manufacturers and mobile network operators to establish vehicle-to-everything (V2X) communication channels with ultra-low latency, thereby boosting connectivity and safety for drivers, passengers, and even pedestrians. Also, it expands V2X capabilities to vehicles and devices that are not V2X-compatible.

What Are the Key Segments in the Vehicle-To-Infrastructure (V2I) Communication Market?
The vehicle-to-infrastructure (v2i) communicationmarket 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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Who Are the Key Players Shaping the Vehicle-To-Infrastructure (V2I) Communication Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Vehicle-To-Infrastructure (V2I) Communication Market?
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.

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