As the amount of data that needs to be analyzed in an advanced way continues to increase, the demand for more telematics service providers is expected to grow in the near future. The global vehicle-infrastructure communications market, valued at USD 900 million in 2018, will expand at a tremendous CAGR between 2019 and 2029.
Consumers with high disposable income are adopting intelligent vehicles. Advances in Vehicle-to-Everything (V2E) technology enable automation systems to generate more data. Automated real-time telematics can be integrated to drive predictive analytics in the automotive industry. In addition, the implementation of Intelligent Transport System (ITS) technology is accelerating the growth of telematics.
However, the lack of infrastructure development in an as yet undeveloped economy and the high cost of replacing existing infrastructure with smarter variants are key factors limiting the growth of the global vehicle-infrastructure communications market.
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Key Implications – V2I Communication Market Study
- Unmanned or autonomous vehicles are estimated to create lucrative opportunities for players in the global Vehicle-to-Everything (V2E) arena.
- The UK will soon become a hub for vehicle-to-infrastructure communications thanks to the efforts of the automotive giants, but industry giants such as Ford, Jaguar, Land Rover and Arup Group are investing in developing and improving driverless vehicle technology.
- Remote vehicle diagnostics are becoming increasingly important to identify mechanical or electrical problems in the vehicle. Identified issues are automatically sent to the manufacturer’s service organization.
- Previously, OEM dealers were responsible for customer relationship management. They implement connected customer relationship services so they can connect directly with their customers.
Customers are choosing ecologically sustainable products such as smart electric vehicles. With the evolution of consumer sentiment and the resulting technological change, automakers are focusing on customization and aesthetics. This will motivate manufacturers to expand their portfolios and deploy targeted consumer-specific solutions in the V2I communications space.
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Who is driving the tech innovation game?
A major player in the global vehicle-infrastructure communications market is Qualcomm Technologies, Inc. Intel Corporation; NXP Semiconductors; Broadcom; AT&T, Inc.; Verizon; MediaTek Inc.; Delphi Technologies; Infineon Technologies AG; Savari Corporation; Quectel Wireless Solutions Co., Ltd.; Unex Technology Corp.; 3M; and Telefonaktiebolaget LM Ericsson.
These market players accounted for 60% of the global vehicle-infrastructure communications market in 2018. Companies are focusing on R&D of new technologies to integrate into vehicle connectivity solutions to confirm their leadership in the vehicle-infrastructure communications market. during the forecast period.
In early 2019, Qualcomm launched the 3rd generation Snapdragon Automotive Cockpit platform. It is a multi-tiered platform that aims to integrate the company’s technology into all vehicle classes.
Learn more about report content
PMR provides an unbiased analysis and forecast of the global vehicle-infrastructure communications market by analyzing historical demand for 2014-2018 and providing forecast statistics for the period 2019-2029. This study reveals the growth prospects of the vehicle-to-infrastructure communications market based on technology (DSRC, cellular, Wi-Fi, WiMAX and Bluetooth) and components (hardware, software and services) in 7 major regional markets. . The vehicle-infrastructure communication hardware subsegment is further divided into telematics devices, roadside devices, and onboard devices.
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