Vehicle-to-Infrastructure (V2I) Communication Market
Vehicle-to-Infrastructure (V2I) Communication Market By Component (Hardware, Software, Services), By Communication Technology (Cellular, Wi-Fi, WiMAX) & By Regions (North America, Latin America, Japan) - Global Market Insights 2023 to 2033
Analysis of Vehicle-to-Infrastructure (V2I) Communication Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vehicle-to-Infrastructure (V2I) Communication Market Outlook (2023 to 2033)
Industrial innovation is propelled by the advent of technologies such as cloud computing, 5G networks, artificial intelligence, fossil fuel energy, and clean energy have forced the automotive industry to research and innovate. The emergence of the intelligent vehicle is likely to remain a mainstay innovation in the coming years where inherent patterns of automotive manufacturers are likely to be broken under big transformation.
On the one hand, traditional automotive companies which use to develop parts independently are now setting up a commercial automatic driving goal in 2023. While on the other side, as a result of the decline in the automotive manufacturing threshold leading tech giants have started to enter into intelligent vehicle arcades and this is likely to take swift uptake in the forecast period 2023-2033.
V2I refers to a communication model that allows users to share the data with the components in support of countries’ roadways. RFID readers, vehicle parking meters, lane markers, and streetlights are a few such components. This bidirectional communication is capable of transmitting data from vehicles to infrastructure and vice versa wirelessly.
As a key part of the vehicle intelligence system, V2I sensors gather infrastructure data and effectively provide advisories to drivers regarding road situations, construction activities, accident-prone areas, and any accidents and the availability of parking facilities. On a similar line, the traffic management supervision system can use vehicle data to set variable speed limits to adjust traffic timings. As a result, all hardware, software, and firmware are key components in the realization of the driverless car experience.
Countries such as China, India, and Brazil are some of the fast-growing economies that are continuously increasing their spending, thereby driving the adoption of connected vehicle technologies that leads to the adoption of V2I technologies. This technology is one of the key factors that is expected to boost the growth of vehicle-to-infrastructure (V2I) communications. V2I communication is an exchange of information regarding critical safety and operational data between vehicles and roadside infrastructure.
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Market Dynamics- Demand Drivers
Growth in intelligent vehicles to spur the demand in the V2I market
The vehicle-to-infrastructure communication offers security applications that are designed to avoid vehicle accidents and crashes. Also, its introduction will help in supporting infrastructure and vehicle deployments. This advanced form of intelligent transportation system provides vehicle-generated traffic data and offers information using wireless technologies. Moreover, V2I allows vehicles to communicate with the static infrastructure modules. This provides information related to the timing of traffic lights, road signs, or collisions.
The V2I sensors that are integrated into intelligent transportation systems (ITS) can also capture infrastructure data and provide drivers with real-time information such as road conditions, traffic congestion, weather conditions, accidents, and parking availability.
Also, Intelligent vehicles can communicate with the roadside infrastructure which is then directed toward a central station that enables numerous vehicles to work on the same bandwidth.
Manufacturers focus on making vehicles more intelligent until they become completely unmanned
This technology helps all the servers to maintain the speed and position of all the vehicles on the streets and roads. The component including hardware and software which is used in communication between vehicles and roadway infrastructure is an essential part of all driverless car technologies.
The rapid rise in demand for smart vehicles is mainly due to innovation in intelligent technologies, the integration of automotive and internet gradually increasing, entries of major manufacturers into autonomous vehicles, and favorable mobility policies by governments. Improving intelligence in vehicles is the work of sensors that track 3D forms of objects and could convey information to the system quickly. this is likely to increase the v2i market share in the forecast period 2023-2033.
- Qualcomm Incorporated
- Unex Technology Corp.
- MediaTek, Inc.
- Quectel Wireless Solutions
- Savari, Inc.
- Delphi Automotive PLC
- Robert Bosch GmbH
- Infineon Technologies AG
- Audi AG
- AT&T Inc.
- Daimler AG
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North America is expected to dominate the market followed by the Asia Pacific and Western Europe region. The primary growth factor in North America is the introduction of connected technologies by automotive vendors to connect vehicles and infrastructure which is boosting the growth of the market in the U.S.
Also, the demand in the Asia Pacific is anticipated to rise, as there is an increase in the adoption of cellular technologies in the region. Also, the rising demand for vehicle telematics and autonomous driving is creating growth opportunities for the market in the Western Europe region. Latin America and MEA are expected to see a significant growth rate in the market.
- 2020- LG electronics has started to experiment on the next generation C V2X platform on the Verizon 5G and AWS to handle the real-time data. this is mainly to adhere to privacy requirements while facilitating more ease in communication and vehicle workflow control.
- In 2021- Qualcomm collaborated with Cohda wireless to deliver the new C-V2X turnkey solution for auto manufacturers. these snapdragon platforms are enabled with 5G and 4G support radio communication technology.
- In 2020- Huawei collaborated with 18 Chinese auto companies to fasten the commercially available 5G cars. the V2I technology at Huawei to intends to combine communication through cellular networks for cloud-based services including navigation and other smart infrastructure.
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By Component :
By Communication Technology :
- Dedicated Short Range Communication (DSRC)
By Regions :
- North America
- U.S. & Canada
- Latin America
- Brazil, Argentina & Others
- Eastern Europe
- Rest of Eastern Europe
- Western Europe
- Rest of Western Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
- FAQs -
The North American region is likely to hold major market growth owing to the presence of major players and rising interconnectivity.
Increasing innovation in fuel-efficient vehicles, the rise in the shift to electric vehicles, and technological advancements are key drivers of this industry in the forecast period 2023- 2033.
This research covers insights on basis of components, communication technology, and Regions.