Global Market Study on Vehicle-to-Infrastructure (V2I) Communication: Integration of Real-Time Analytical Capabilities Underway


Vehicle To Infrastructure Communication  Market
  • Published On : Nov-2019 |
  • Pages : 216 Pages |
  • Format : Vehicle To Infrastructure Communication  Market Vehicle To Infrastructure Communication  Market Vehicle To Infrastructure Communication  Market Vehicle To Infrastructure Communication  Market

Rising auto thefts and the need for increased vehicle security, advancements in the automotive industry ecosystem, and consumers going for smart vehicle functionality and security are key factors propelling the growth of the vehicle-to-infrastructure communication market, globally. Manufacturers and technology developers are integrating the Internet of Things (IoT) to facilitate connected automobile applications, such as in-vehicle infotainment systems, Advanced Driver Assistance Systems (ADAS), smart fuel tracking, and automated speed control, among other features. Safety, efficiency, payment, and information technology enhancement applications of vehicle-to-infrastructure communication drive the global market growth.

Automakers and IoT Solution Providers Seeking Expanded Product Portfolio

Automotive ICT solution providers focus on adding new solutions such as dynamic traffic light control and smart parking control, to their portfolio in the currently mature automotive markets. Production and deployment of such solutions enable automotive ICT solution providers to enhance revenue generation in the vehicle-to-infrastructure communication market and retain their attractiveness.

Vehicle-to-infrastructure communication market participants are relying on sales partners across the globe in order to maintain their proximity to local as well as foreign customers. Also, focus on continuous expansion enables companies to generate revenue by forming strategic alliances with new sales representative companies and distributors in various vehicle-to-infrastructure communication markets.

Automotive Communication Supply Chain Companies Focus on Integration of New Competencies and Capabilities

Vehicle-to-infrastructure communication supply chain companies are focusing on integrating enhanced competencies and capabilities into their business and operational processes. These automotive capabilities include vehicle-to-infrastructure communication-based real time analytics. Communication technology presents lucrative opportunities such as deployment of red light violation warning systems, curve speed warning systems, and stop sign gap assist systems, in the global vehicle-to-infrastructure communication market. Manufacturers and developers of V2I communication technology are offering V2I systems that possess the capability to accumulate data in real time, while the integrated software analyzes the accumulated data in real time.

vehicle to infrastructure v2I communications market

Market Players Incorporating Process Automation and Consumer Relationship Management

Vehicle-to-infrastructure communication market players are striving to improve automation technologies used in their business processes. At the same time, these V2I providers are integrating innovative information and communication technologies that keep their vehicle-to-infrastructure communication hardware and software dynamic and adaptive.

Competitors in the vehicle-to-infrastructure communication marketplace are continuously striving to offer better automation processes and models that provide improved, economically feasible, and eco-friendly automobiles to consumers. This enhances customer satisfaction as improvements made to the technology boosts safety-related efficiencies of the overall system, while accommodating other features, such as vehicle-to-network (V2N) communication.

Qualcomm’s C-V2X platform is developed to serve as a foundation for automobiles to connect and communicate with each other and with the environment and infrastructure in the vicinity. The solution provides 360-degree non-line-of-sight awareness. This solution has been developed to enhance the level of predictability for improved road safety and autonomous driving.

Added to vehicle-to-infrastructure communication, Direct C-V2X includes vehicle-to-vehicle (V2V) and vehicle-to-pedestrian (V2P) communication. This solution provides enhanced communication range and reliability in dedicated ITS 5.9 GHz spectrum that is independent of a cellular network as well as network communication in traditional mobile broadband licensed spectrum.

Japan to Present Noteworthy Opportunities

The global market value for vehicle-to-infrastructure communication technology is estimated to expand at a value CAGR of over 20% during the forecast period. V2I market in Japan is emerging lucrative and the growth is attributed to estimated acceleration in adoption of automotive technologies during the forecast period.

However, the vehicle-to-infrastructure communication market in Asia Pacific Excluding Japan (APEJ) will offer a massive incremental opportunity of over a billion dollar, during the forecast period. The vehicle-to-infrastructure communication market in North America is expected to remain significant in the global vehicle-to-infrastructure communication market in terms of revenue in the year 2019.

Analysts’ Viewpoint

Worldwide spending on information and communication technologies is increasing at a rapid pace every year, owing to rising adoption of technology products, such as consumer electronics, smart devices, software and software-dependent devices, and continuous launch of new IT & communication technologies since the past three years. This accelerated adoption, along with the development and integration of new automotive technologies are propelling the growth of the vehicle-to-infrastructure communication market on a global scale. 

Persistence Market Research (PMR) recently published a new research study on the vehicle-to-infrastructure communication market for the assessment period of 2019-2029. It offers a close look at evolving aspects of the vehicle-to-infrastructure communication market as well as dynamics impacting market growth. The research study focuses on key developments in the vehicle-to-infrastructure communication market and other developments that are on the cards. The report talks about various macro- and micro-economic factors responsible for having an in-depth impact on the growth of the vehicle-to-infrastructure communication market.

The market overview provides growth scenario and market potential with maximum precision, which is adjudged with suitable assumptions. The report features unique and relevant factors that are expected to create a significant impact on the vehicle-to-infrastructure communication market during the forecast period. This report includes a detailed and considerable amount of information, which will help new solution providers in the most comprehensive manner for better understanding.

Several stakeholders in the vehicle-to-infrastructure communication market can rely on the data offered in this research study and delve into pragmatic decision-making. Moreover, information offered in the vehicle-to-infrastructure communication market report also help new market entrants expand their bases in the vehicle-to-infrastructure communication market.

The report elaborates historical and current trends molding the growth of the vehicle-to-infrastructure communication market. The performance journey of the vehicle-to-infrastructure communication market has been drawn and analyzed in way that the lucrative side of the market is evident to readers. The competitive landscape presented in the vehicle-to-infrastructure communication market report gives a detailed outlook of profiles of key companies operating in the market, along with their differential strategies and key focus areas.

Vehicle-to-Infrastructure Communication Market: Segmentation

PMR’s research study on the global vehicle-to-infrastructure communication market offers a detailed market segmentation, wherein key segments have been discussed in detail. The segmentation of the vehicle-to-infrastructure communication market has been offered on the basis of component, communication technology, and region. Every segment has been analyzed in detail and data pertaining to the growth of each segment has been included in the study.

Component

Application

Region

Hardware

  • Telematics Unit
  • Roadside Unit
  • Onboard Unit

DSRC

North America

Cellular

Latin America

Wi-Fi

Western Europe

WiMAX

Eastern Europe

Software

Bluetooth

Asia Pacific Excluding Japan

Services

Japan

Middle East and Africa

Vehicle-to-Infrastructure Communication Market: Key Questions Answered in Report

The research study on the vehicle-to-infrastructure communication market offers inclusive insights about the growth of the market in the most comprehensible manner for better understanding of users. Various insights offered in the report answer some salient questions that assist stakeholders in gauging all emerging possibilities in the market.

  • How has rapidly changing business environment acts as major growth engine for the vehicle-to-infrastructure communication market?
  • What are key trends that are constantly shaping the growth of the vehicle-to-infrastructure communication market?
  • Which are prominent regions offering plentiful opportunities for the vehicle-to-infrastructure communication market?
  • What are differential strategies adopted by key players to command a significant chunk of the global market share?

Vehicle-to-Infrastructure Communication Market: Research Methodology

A unique and promising research methodology forms the base of the vehicle-to-infrastructure communication market. The report has been prepared after a comprehensive analysis of market happenings, and riveting insights have been compiled meticulously. The research methodology of the vehicle-to-infrastructure communication market has been a two-step process that comprises of primary and secondary research. Key stakeholders, which include vehicle-to-infrastructure communication solution & service providers and network service providers, experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals have been interviewed.

Secondary sources referred to garner report findings include investor presentations of top players, World Bank, government websites, press releases, and many other credible sources.

Companies covered in Vehicle To Infrastructure Communication Market Report

Company Profiles:

  • Qualcomm 
  • Intel Corporation
  • NXP Semiconductor
  • Broadcom
  • AT&T, Inc.
  • Verizon
  • MediaTek
  • Delphi Automotive
  • Infineon Technology
  • Savari
  • Quectel Wireless Solutions
  • Unex Technology
  • 3M
  • Ericsson

Vehicle To Infrastructure Communication Market

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