The global Vehicle-to-Infrastructure Market size was valued at USD xx Billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of xx% during the forecast period, reaching a value of USD xx Billion by 2030.
Vehicle-to-Infrastructure Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analysing the Market landscape, consumer behaviour, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVRVIEW:
Vehicle-to-Infrastructure (V2I) communication is a technology that enables vehicles to communicate with infrastructure elements like traffic signals, road signs, and roadway sensors. With V2I, vehicles can receive real-time information about traffic conditions, road hazards, and other important data from the infrastructure around them. This information helps drivers make safer and more informed decisions while on the road, ultimately improving traffic flow and reducing the likelihood of accidents. V2I is an essential component of future transportation systems, promising to make roads safer, more efficient, and more convenient for drivers everywhere.
MARKET DYNAMICS:
As cities become more populated, there is a growing need for efficient traffic management systems, which V2I technology can provide. Additionally, governments around the world are investing heavily in infrastructure development, including the integration of V2I systems, to improve road safety and reduce traffic congestion. Moreover, the rise of connected and autonomous vehicles is fueling the demand for V2I technology, as these vehicles rely on real-time data from infrastructure to navigate safely and efficiently.
The high initial investment required for infrastructure development and technology implementation. Many regions lack the necessary funding or regulatory framework to support widespread adoption of V2I systems. Additionally, concerns about data security and privacy are hindering the full-scale deployment of V2I technology. However, despite these challenges, the V2I market presents significant opportunities for growth and innovation.
VEHICLE-TO-INFRASTRUCTURE MARKET SEGMENTAL ANALYSIS
BY TYPE:
Communication networks play a crucial role in facilitating the exchange of data between vehicles and infrastructure. With the evolution of 5G technology, communication networks are becoming faster and more reliable, further fueling the growth of the V2I market. In addition to communication networks, software solutions and cloud computing platforms are also experiencing high demand, as they enable efficient data processing and analysis for better traffic management and infrastructure planning.
BY APPLICATION:
With the integration of V2I technology, ITS enables real-time data exchange between vehicles and infrastructure, facilitating efficient traffic flow and reducing congestion.
Another key application of V2I technology is in vehicle safety systems. By enabling communication between vehicles and infrastructure, V2I systems can provide essential safety alerts and notifications to drivers, helping prevent accidents and improve overall road safety. Additionally, V2I technology is instrumental in parking management, allowing for the optimization of parking spaces and reducing traffic congestion in urban areas.
Moreover, V2I technology is essential for the development of electric vehicle (EV) charging infrastructure. By facilitating communication between EVs and charging stations, V2I systems enable seamless charging experiences for EV owners, contributing to the widespread adoption of electric vehicles.
BY COMMUNICATION TECHNOLOGY:
Dedicated Short-Range Communications (DSRC) play a crucial role in enabling direct communication between vehicles and infrastructure. DSRC technology facilitates fast and reliable data exchange, making it ideal for applications such as intelligent transportation systems (ITS) and vehicle safety systems.
Cellular Vehicle-to-Everything (C-V2X) technology is also a key driver of the V2I market. C-V2X enables vehicles to communicate not only with infrastructure but also with other vehicles and pedestrians. This technology leverages cellular networks to provide a wide range of communication services, including traffic management, emergency vehicle notification systems, and electric vehicle charging infrastructure.
Additionally, Wi-Fi, Bluetooth, and satellite communication technologies are playing an increasingly important role in the V2I market. Wi-Fi and Bluetooth enable short-range communication between vehicles and infrastructure, while satellite communication provides wide-area coverage, making it suitable for applications such as fleet management systems and tolling and congestion charging.
BY END USER:
Government authorities are actively investing in V2I technology to improve traffic management, enhance road safety, and reduce congestion. By deploying V2I solutions, government authorities can better monitor and control traffic flow, leading to more efficient transportation networks.
Transportation infrastructure providers are also key players in the V2I market. These providers are responsible for implementing and maintaining the infrastructure needed to support V2I communication, including roadside units (RSUs) and communication networks. By investing in V2I technology, transportation infrastructure providers can improve the efficiency and safety of transportation systems, leading to better overall mobility for citizens.
Automotive manufacturers, fleet operators, service providers, and insurance companies are also important stakeholders in the V2I market. Automotive manufacturers are integrating V2I technology into their vehicles to enhance driver safety and improve the overall driving experience. Fleet operators are leveraging V2I solutions to optimize fleet management and improve operational efficiency. Service providers and insurance companies are using V2I data to offer innovative services such as usage-based insurance and real-time traffic information.
REGIONAL ANALYSIS:
North America holds a substantial share in the V2I market, driven by robust infrastructure development and the early adoption of advanced technologies. The region's focus on smart transportation solutions and the integration of V2I communication systems into existing infrastructure are key factors contributing to market growth.
Europe is also experiencing rapid expansion in the V2I market, with countries like Germany, the UK, and France leading the way. The region's strong emphasis on reducing traffic congestion and enhancing road safety through V2I technologies is fueling market growth. Additionally, supportive government initiatives and increasing investments in smart city projects are further propelling the adoption of V2I systems across Europe. In Asia Pacific, countries such as China, Japan, and South Korea are witnessing a surge in V2I implementation, driven by rapid urbanization and the need for efficient traffic management solutions.
KEY MARKET PLAYERS:
- Siemens AG
- Cisco Systems Inc.
- Qualcomm Technologies, Inc.
- Thales Group
- Kapsch TrafficCom AG
- TomTom International BV
- International Business Machines Corporation (IBM)
- Cubic Corporation
- Garmin Ltd.
- Savari Inc.
- TransCore LP
- AT&T Inc.
- Q-Free ASA
- EFKON GmbH
- Hitachi Ltd.
- Iteris Inc.
- Ricardo plc
- Cohda Wireless Pty Ltd.
- DENSO Corporation
- Nuance Communications Inc.
- Telenav Inc.
- Siemens Mobility GmbH
- SWARCO AG
- Xerox Corporation
- Mitsubishi Electric Corporation
Table of Contents
Introduction
1.1 Overview
1.2 Market Definition
1.3 Research Methodology
1.4 Key Findings
Executive Summary
Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Trends
Global Vehicle-to-Infrastructure Market Analysis, by Communication Type
4.1 Dedicated Short Range Communication (DSRC)
4.2 Cellular Connectivity
Global Vehicle-to-Infrastructure Market Analysis, by Infrastructure Type
5.1 Traffic Management System
5.2 Toll Management System
5.3 Parking Management System
5.4 Others
Global Vehicle-to-Infrastructure Market Analysis, by Offering
6.1 Hardware
6.2 Software
6.3 Services
Global Vehicle-to-Infrastructure Market Analysis, by End User
7.1 Government Agencies
7.2 Commercial
Global Vehicle-to-Infrastructure Market Analysis, by Region
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 Latin America
8.5 Middle East & Africa
North America Vehicle-to-Infrastructure Market Analysis
9.1 Introduction
9.2 Market Size and Forecast, by Communication Type
9.3 Market Size and Forecast, by Infrastructure Type
9.4 Market Size and Forecast, by Offering
9.5 Market Size and Forecast, by End User
9.6 Market Size and Forecast, by Country
Europe Vehicle-to-Infrastructure Market Analysis
10.1 Introduction
10.2 Market Size and Forecast, by Communication Type
10.3 Market Size and Forecast, by Infrastructure Type
10.4 Market Size and Forecast, by Offering
10.5 Market Size and Forecast, by End User
10.6 Market Size and Forecast, by Country
Asia Pacific Vehicle-to-Infrastructure Market Analysis
11.1 Introduction
11.2 Market Size and Forecast, by Communication Type
11.3 Market Size and Forecast, by Infrastructure Type
11.4 Market Size and Forecast, by Offering
11.5 Market Size and Forecast, by End User
11.6 Market Size and Forecast, by Country
Latin America Vehicle-to-Infrastructure Market Analysis
12.1 Introduction
12.2 Market Size and Forecast, by Communication Type
12.3 Market Size and Forecast, by Infrastructure Type
12.4 Market Size and Forecast, by Offering
12.5 Market Size and Forecast, by End User
12.6 Market Size and Forecast, by Country
Middle East & Africa Vehicle-to-Infrastructure Market Analysis
13.1 Introduction
13.2 Market Size and Forecast, by Communication Type
13.3 Market Size and Forecast, by Infrastructure Type
13.4 Market Size and Forecast, by Offering
13.5 Market Size and Forecast, by End User
13.6 Market Size and Forecast, by Country
Competition Landscape
14.1 Market Player - Competition Matrix (by Tier and Size of Companies)
14.2 Market Share Analysis, by Key Players (2023)
14.3 Company Profiles
Research Methodology
15.1 Research Approach
15.2 Data Sources
15.3 Assumptions & Limitations
Appendix
Disclaimer
Vehicle-to-Infrastructure Market Segmentation:
By Type:
- Roadside Units (RSUs)
- Vehicle On-Board Units (OBUs)
- Communication Networks
- Software Solutions
- Cloud Computing Platforms
By Application:
- Intelligent Transportation Systems (ITS)
- Traffic Management
- Vehicle Safety Systems
- Parking Management
- Emergency Vehicle Notification Systems
- Tolling and Congestion Charging
- Electric Vehicle Charging Infrastructure
- Fleet Management Systems
By Communication Technology:
- Dedicated Short-Range Communications (DSRC)
- Cellular Vehicle-to-Everything (C-V2X)
- Wi-Fi
- Bluetooth
- Satellite Communication
By End User:
- Government Authorities
- Transportation Infrastructure Providers
- Automotive Manufacturers
- Fleet Operators
- Service Providers
- Insurance Companies
By Geography:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
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RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
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Primary Research
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Desk Research
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Company Analysis
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• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
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• Company Website • Company Annual Reports • Paid Databases • Financial Reports
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• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
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Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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PRIMARY SOURCES |
DATA SOURCES |
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• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
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• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
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Analyst Tools and Models:
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BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
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· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
Vehicle-to-Infrastructure Market Dynamic Factors
Drivers:
- Growing demand for connected vehicles
- Government initiatives to improve road safety
- Increasing adoption of smart transportation systems
Restraints:
- High initial investment required
- Lack of interoperability standards
- Concerns regarding data security and privacy
Opportunities:
- Advancements in communication technologies
- Integration of V2I systems with autonomous vehicles
- Potential for reducing traffic congestion and emissions
Challenges:
- Developing a robust V2I communication network
- Addressing infrastructure limitations in developing regions
- Regulatory hurdles and standardization issues
Frequently Asked Questions
