Vehicle to Infrastructure Communication (V2I) Market - Global Benzyl Chloride Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031- (By Derivatives Coverage, By Geographic Coverage and By Company)
The Vehicle-to-Infrastructure (V2I) communication market is undergoing a remarkable transformation, with a valuation of US$ 311.8 million in 2023. This burgeoning sector is anticipated to grow to a... もっと見る
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SummaryThe Vehicle-to-Infrastructure (V2I) communication market is undergoing a remarkable transformation, with a valuation of US$ 311.8 million in 2023. This burgeoning sector is anticipated to grow to an astounding US$ 6,160 million by the end of 2031, showcasing an impressive compound annual growth rate (CAGR) of 43.7% from 2024 to 2031. V2I technology facilitates real-time data exchange between vehicles and surrounding infrastructure, including traffic signals, road signs, and other vehicles, with the goal of enhancing road safety, reducing congestion, and improving the overall driving experience.Market Insights The V2I communication technology relies on vehicles equipped with advanced sensors and communication devices, such as on-board computers and dedicated short-range communications (DSRC) modules. These components allow for a seamless exchange of information regarding road conditions and surroundings. The market's rapid expansion is primarily driven by increasing traffic congestion in urban areas, which necessitates the implementation of smart transportation systems, including V2I communication. Furthermore, government regulations encouraging the adoption of V2I systems are catalyzing this growth. Notably, the V2I communication market comprises 35% of the global automotive Vehicle-to-Everything (V2X) market. The North American region led the market with a 28.4% share in 2023, while Europe is projected to hold a 23.1% market share in 2024. Major Drivers The primary factors propelling the V2I communication market include: 1.Adoption of Advanced Driver Assistance Systems (ADAS): The rising demand for enhanced mobility solutions, particularly for disabled individuals and those unable to drive, is bolstering the need for V2I systems in the U.S., which accounted for 22.1% of the market in 2024. 2.Government Initiatives: Increased governmental support for driver safety systems, including funding and regulatory incentives, is pivotal in promoting V2I technology adoption, especially in India, where the market is expected to grow at a CAGR of 41.1%. 3.Collaboration Among Stakeholders: The ongoing collaborations between automotive manufacturers, technology firms, and transportation agencies are accelerating the development and implementation of V2I technology. 4.Focus on Fuel-Efficiency: The rising demand for fuel-efficient vehicle control systems enhances the appeal of V2I communication, aiding in traffic management and route optimization. Business Opportunities The V2I communication market presents lucrative business opportunities, primarily driven by: •Technological Advancements: The continuous development of smart vehicle connectivity and intelligent transportation systems is expected to create new revenue streams. •Environmental Sustainability: V2I technology can significantly reduce emissions by mitigating congestion and enhancing vehicle efficiency, appealing to environmentally conscious consumers and governments. •Investments in Research & Development: With various companies investing heavily in R&D to enhance V2I technology’s efficiency and effectiveness, market competition is set to intensify, inviting new players and innovations. Regional Outlook The North American market is currently the leader, driven by the high adoption of advanced driver assistance and safety technologies. In Europe, collaborative efforts among key stakeholders are anticipated to foster growth, while India's market is expected to see significant expansion due to governmental initiatives focused on driver safety systems. France is also expected to witness increased V2I adoption driven by demands for fuel-efficient vehicle control systems. Key Players The competitive landscape of the V2I communication market includes major players who are committed to pushing the technology's boundaries. Notable companies include: •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 (V2I) communication Market Segmentation By Component: •Hardware oTelematics Unit oRoadside Unit oOnboard Unit •Software •Services By Application: •DSRC •Cellular •Wi-Fi •WiMAX •Bluetooth By Region: •North America •Latin America •Europe •East Asia •South Asia Pacific •Middle East and Africa Table of Contents1. Executive Summary1.1. Global Vehicle to Infrastructure Communication (V2I) Market Snapshot 1.2. Future Projections 1.3. Key Market Trends 1.4. Regional Snapshot, by Value, 2024 1.5. Analyst Recommendations 2. Market Overview 2.1. Market Definitions and Segmentations 2.2. Market Dynamics 2.2.1. Drivers 2.2.2. Restraints 2.2.3. Market Opportunities 2.3. Value Chain Analysis 2.4. Porter’s Five Forces Analysis 2.5. COVID-19 Impact Analysis 2.5.1. Supply 2.5.2. Demand 2.6. Impact of Ukraine-Russia Conflict 2.7. Economic Overview 2.7.1. World Economic Projections 2.8. PESTLE Analysis 3. Global Vehicle to Infrastructure Communication (V2I) Market Outlook, 2019 - 2031 3.1. Global Vehicle to Infrastructure Communication (V2I) Market Outlook, by Component, Value (US$ Mn), 2019 - 2031 3.1.1. Key Highlights 3.1.1.1. Hardware 3.1.1.1.1. Telematics Unit 3.1.1.1.2. Roadside Unit 3.1.1.1.3. Onboard Unit 3.1.1.2. Software 3.1.1.3. Services 3.2. Global Vehicle to Infrastructure Communication (V2I) Market Outlook, by Application, Value (US$ Mn), 2019 - 2031 3.2.1. Key Highlights 3.2.1.1. DSRC 3.2.1.2. Cellular 3.2.1.3. Wi-Fi 3.2.1.4. WiMAX 3.2.1.5. Bluetooth 3.3. Global Vehicle to Infrastructure Communication (V2I) Market Outlook, by Region, Value (US$ Mn), 2019 - 2031 3.3.1. Key Highlights 3.3.1.1. North America 3.3.1.2. Europe 3.3.1.3. Asia Pacific 3.3.1.4. Latin America 3.3.1.5. Middle East & Africa 4. North America Vehicle to Infrastructure Communication (V2I) Market Outlook, 2019 - 2031 4.1. North America Vehicle to Infrastructure Communication (V2I) Market Outlook, by Component, Value (US$ Mn), 2019 - 2031 4.1.1. Key Highlights 4.1.1.1. Hardware 4.1.1.1.1. Telematics Unit 4.1.1.1.2. Roadside Unit 4.1.1.1.3. Onboard Unit 4.1.1.2. Software 4.1.1.3. Services 4.2. North America Vehicle to Infrastructure Communication (V2I) Market Outlook, by Application, Value (US$ Mn), 2019 - 2031 4.2.1. Key Highlights 4.2.1.1. DSRC 4.2.1.2. Cellular 4.2.1.3. Wi-Fi 4.2.1.4. WiMAX 4.2.1.5. Bluetooth 4.2.2. Attractiveness Analysis 4.3. North America Vehicle to Infrastructure Communication (V2I) Market Outlook, by Country, Value (US$ Mn), 2019 - 2031 4.3.1. Key Highlights 4.3.1.1. U.S. Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 4.3.1.2. U.S. Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 4.3.1.3. Canada Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 4.3.1.4. Canada Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5. Europe Vehicle to Infrastructure Communication (V2I) Market Outlook, 2019 - 2031 5.1. Europe Vehicle to Infrastructure Communication (V2I) Market Outlook, by Component, Value (US$ Mn), 2019 - 2031 5.1.1. Key Highlights 5.1.1.1. Hardware 5.1.1.1.1. Telematics Unit 5.1.1.1.2. Roadside Unit 5.1.1.1.3. Onboard Unit 5.1.1.2. Software 5.1.1.3. Services 5.2. Europe Vehicle to Infrastructure Communication (V2I) Market Outlook, by Application, Value (US$ Mn), 2019 - 2031 5.2.1. Key Highlights 5.2.1.1. DSRC 5.2.1.2. Cellular 5.2.1.3. Wi-Fi 5.2.1.4. WiMAX 5.2.1.5. Bluetooth 5.2.2. Attractiveness Analysis 5.3. Europe Vehicle to Infrastructure Communication (V2I) Market Outlook, by Country, Value (US$ Mn), 2019 - 2031 5.3.1. Key Highlights 5.3.1.1. Germany Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.2. Germany Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5.3.1.3. U.K. Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.4. U.K. Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5.3.1.5. France Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.6. France Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5.3.1.7. Italy Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.8. Italy Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5.3.1.9. Turkey Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.10. Turkey Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5.3.1.11. Russia Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.12. Russia Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 5.3.1.13. Rest of Europe Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 5.3.1.14. Rest of Europe Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 6. Asia Pacific Vehicle to Infrastructure Communication (V2I) Market Outlook, 2019 - 2031 6.1. Asia Pacific Vehicle to Infrastructure Communication (V2I) Market Outlook, by Component, Value (US$ Mn), 2019 - 2031 6.1.1. Key Highlights 6.1.1.1. Hardware 6.1.1.1.1. Telematics Unit 6.1.1.1.2. Roadside Unit 6.1.1.1.3. Onboard Unit 6.1.1.2. Software 6.1.1.3. Services 6.2. Asia Pacific Vehicle to Infrastructure Communication (V2I) Market Outlook, by Application, Value (US$ Mn), 2019 - 2031 6.2.1. Key Highlights 6.2.1.1. DSRC 6.2.1.2. Cellular 6.2.1.3. Wi-Fi 6.2.1.4. WiMAX 6.2.1.5. Bluetooth 6.2.2. Attractiveness Analysis 6.3. Asia Pacific Vehicle to Infrastructure Communication (V2I) Market Outlook, by Country, Value (US$ Mn), 2019 - 2031 6.3.1. Key Highlights 6.3.1.1. China Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 6.3.1.2. China Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 6.3.1.3. Japan Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 6.3.1.4. Japan Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 6.3.1.5. South Korea Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 6.3.1.6. South Korea Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 6.3.1.7. India Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 6.3.1.8. India Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 6.3.1.9. Southeast Asia Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 6.3.1.10. Southeast Asia Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 6.3.1.11. Rest of Asia Pacific Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 6.3.1.12. Rest of Asia Pacific Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 7. Latin America Vehicle to Infrastructure Communication (V2I) Market Outlook, 2019 - 2031 7.1. Latin America Vehicle to Infrastructure Communication (V2I) Market Outlook, by Component, Value (US$ Mn), 2019 - 2031 7.1.1. Key Highlights 7.1.1.1. Hardware 7.1.1.1.1. Telematics Unit 7.1.1.1.2. Roadside Unit 7.1.1.1.3. Onboard Unit 7.1.1.2. Software 7.1.1.3. Services 7.2. Latin America Vehicle to Infrastructure Communication (V2I) Market Outlook, by Application, Value (US$ Mn), 2019 - 2031 7.2.1. Key Highlights 7.2.1.1. DSRC 7.2.1.2. Cellular 7.2.1.3. Wi-Fi 7.2.1.4. WiMAX 7.2.1.5. Bluetooth 7.2.1.6. Attractiveness Analysis 7.3. Latin America Vehicle to Infrastructure Communication (V2I) Market Outlook, by Country, Value (US$ Mn), 2019 - 2031 7.3.1. Key Highlights 7.3.1.1. Brazil Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 7.3.1.2. Brazil Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 7.3.1.3. Mexico Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 7.3.1.4. Mexico Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 7.3.1.5. Argentina Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 7.3.1.6. Argentina Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 7.3.1.7. Rest of Latin America Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 7.3.1.8. Rest of Latin America Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 8. Middle East & Africa Vehicle to Infrastructure Communication (V2I) Market Outlook, 2019 - 2031 8.1. Middle East & Africa Vehicle to Infrastructure Communication (V2I) Market Outlook, by Component, Value (US$ Mn), 2019 - 2031 8.1.1. Key Highlights 8.1.1.1. Hardware 8.1.1.1.1. Telematics Unit 8.1.1.1.2. Roadside Unit 8.1.1.1.3. Onboard Unit 8.1.1.2. Software 8.1.1.3. Services 8.2. Middle East & Africa Vehicle to Infrastructure Communication (V2I) Market Outlook, by Application, Value (US$ Mn), 2019 - 2031 8.2.1. Key Highlights 8.2.1.1. DSRC 8.2.1.2. Cellular 8.2.1.3. Wi-Fi 8.2.1.4. WiMAX 8.2.1.5. Bluetooth 8.2.2. Attractiveness Analysis 8.3. Middle East & Africa Vehicle to Infrastructure Communication (V2I) Market Outlook, by Country, Value (US$ Mn), 2019 - 2031 8.3.1. Key Highlights 8.3.1.1. GCC Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 8.3.1.2. GCC Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 8.3.1.3. South Africa Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 8.3.1.4. South Africa Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 8.3.1.5. Egypt Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 8.3.1.6. Egypt Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 8.3.1.7. Nigeria Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 8.3.1.8. Nigeria Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 8.3.1.9. Rest of Middle East & Africa Vehicle to Infrastructure Communication (V2I) Market by Component, Value (US$ Mn), 2019 - 2031 8.3.1.10. Rest of Middle East & Africa Vehicle to Infrastructure Communication (V2I) Market by Application, Value (US$ Mn), 2019 - 2031 9. Competitive Landscape 9.1. By Component vs by Application Heat map 9.2. Company Market Share Analysis, 2024 9.3. Competitive Dashboard 9.4. Company Profiles 9.4.1. Qualcomm 9.4.1.1. Company Overview 9.4.1.2. Product Portfolio 9.4.1.3. Financial Overview 9.4.1.4. Business Strategies and Development 9.4.2. Intel Corporation 9.4.2.1. Company Overview 9.4.2.2. Product Portfolio 9.4.2.3. Financial Overview 9.4.2.4. Business Strategies and Development 9.4.3. NXP Semiconductor 9.4.3.1. Company Overview 9.4.3.2. Product Portfolio 9.4.3.3. Financial Overview 9.4.3.4. Business Strategies and Development 9.4.4. Broadcom 9.4.4.1. Company Overview 9.4.4.2. Product Portfolio 9.4.4.3. Financial Overview 9.4.4.4. Business Strategies and Development 9.4.5. AT&T, Inc. 9.4.5.1. Company Overview 9.4.5.2. Product Portfolio 9.4.5.3. Financial Overview 9.4.5.4. Business Strategies and Development 9.4.6. Verizon 9.4.6.1. Company Overview 9.4.6.2. Product Portfolio 9.4.6.3. Financial Overview 9.4.6.4. Business Strategies and Development 9.4.7. MediaTek 9.4.7.1. Company Overview 9.4.7.2. Product Portfolio 9.4.7.3. Financial Overview 9.4.7.4. Business Strategies and Development 9.4.8. Delphi Automotive 9.4.8.1. Company Overview 9.4.8.2. Product Portfolio 9.4.8.3. Financial Overview 9.4.8.4. Business Strategies and Development 10. Appendix 10.1. Research Methodology 10.2. Report Assumptions 10.3. Acronyms and Abbreviations
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