Vehicle to Infrastructure Communication Market to Grow with a CAGR of 17.19% through 2029

Increasing focus on improving road safety and growing popularity of autonomous vehicles are likely to drive the Market in the forecast period.

According to TechSci Research report, “Vehicle to Infrastructure Communication Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Vehicle to Infrastructure Communication Market stood at USD 363 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 17.19% through 2029.

A primary driver propelling the global vehicle-to-infrastructure (V2I) communication market is the continuous evolution of connected vehicle technologies. As automotive manufacturers increasingly embed vehicles with advanced sensors, communication modules, and computing capabilities, the potential for seamless interaction between vehicles and infrastructure grows exponentially. These connected vehicles can communicate crucial information with various elements of the transportation infrastructure, such as traffic lights and smart traffic management systems.

The rise of connected vehicles is particularly noteworthy as it aligns with the broader trend of vehicle electrification, autonomy, and shared mobility. These technological advancements collectively contribute to the demand for V2I communication solutions. Connected vehicles, often equipped with GPS, radar, and lidar systems, rely on V2I communication to exchange real-time data about road conditions, traffic updates, and potential hazards. Consequently, the integration of V2I communication enhances not only the safety of road users but also the overall efficiency of transportation systems.

Government initiatives geared towards developing smart transportation infrastructure represent a significant driver propelling the global V2I communication market. As urbanization intensifies and traffic congestion becomes a pressing challenge, authorities worldwide are investing in intelligent transportation systems (ITS) as part of broader smart city initiatives. Governments are allocating substantial resources to deploy V2I communication technologies, which form the backbone of these advanced transportation systems.

Through targeted funding, regulatory support, and collaborative partnerships with private sector stakeholders, governments aim to enhance traffic management, reduce congestion, and improve overall road safety. Policymakers recognize the transformative potential of V2I communication in optimizing traffic flow, mitigating accidents, and creating more sustainable urban environments. Consequently, the commitment to smart transportation initiatives acts as a powerful catalyst, driving the adoption of V2I communication solutions on a global scale. As governments prioritize the integration of technology to address urban mobility challenges, the V2I communication market experiences substantial growth opportunities.

Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on "Global Vehicle to Infrastructure Communication Market.” 

The Global Vehicle to Infrastructure Communication Market is segmented into component, application, end user and region.

Based on application, The Cellular segment held the largest Market share in 2023. Cellular networks, especially 4G and 5G, offer high data transfer speeds, facilitating quick and efficient communication between vehicles and infrastructure. This capability is crucial for applications that require real-time data exchange, such as traffic management, navigation, and safety systems. Cellular networks provide extensive coverage in urban, suburban, and rural areas. The widespread availability of cellular infrastructure ensures that V2I communication can occur in various environments, making it suitable for both urban and highway scenarios. Cellular networks are designed to handle a large number of connected devices simultaneously. This scalability is essential for accommodating the increasing number of connected vehicles and the growing complexity of V2I communication systems. Many regions already have well-established cellular infrastructure in place, making it cost-effective and practical to leverage existing networks for V2I communication. This compatibility with existing infrastructure simplifies the deployment of V2I communication solutions. Cellular communication standards are globally recognized and standardized, providing a uniform platform for V2I communication. This global standardization facilitates interoperability and ensures that V2I systems can work seamlessly across different regions and with various types of vehicles.

Cellular networks are designed to support the mobility of devices. Vehicles, which are constantly moving, benefit from the ability of cellular networks to handle seamless handovers between cell towers, ensuring continuous connectivity during travel. The ongoing transition to 5G technology further enhances the capabilities of cellular communication. 5G offers ultra-low latency, improved reliability, and increased data throughput, making it well-suited for applications demanding instantaneous response times, such as autonomous driving and safety-critical V2I interactions. Cellular networks, especially with the advent of 5G, enable edge computing capabilities. This allows for processing data closer to the source, reducing latency and enhancing the efficiency of V2I applications that require quick decision-making.

Major companies operating in the Global Vehicle to Infrastructure Communication Market are:

• Qualcomm Technologies, Inc
• Robert Bosch GmbH
• Continental AG
• NXP Semiconductors N.V.
• Denso Corporation
• Thales Group
• Kapsch TrafficCom AG
• Harman International 
• Cohda Wireless 
• Autotalks Ltd.

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“The Global Vehicle to Infrastructure Communication Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The surge in demand for vehicle-to-infrastructure (V2I) communication solutions is fueled by the rapid advancements in connected vehicle technologies. The integration of sophisticated sensors, communication modules, and computing capabilities in modern vehicles propels the need for seamless interaction with infrastructure elements. This connectivity, essential for real-time data exchange between vehicles and traffic management systems, not only enhances road safety but also aligns with broader trends in vehicle electrification and autonomy. The growing prevalence of connected vehicles reinforces the imperative for robust V2I communication, positioning it as a key driver in the evolution of the global transportation ecosystem. Therefore, the Market of Vehicle to Infrastructure Communication is expected to boost in the upcoming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vehicle to Infrastructure Communication Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Hardware, Software, Services), By Application (Cellular, Wi-Fi, DSRC, WiMAX, Bluetooth), By End User (Passenger Cars, Commercial Vehicles, Public Transportation, Emergency Vehicles, Others), By Region, By Competition 2019-2029”, has evaluated the future growth potential of Global Vehicle to Infrastructure Communication Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Vehicle to Infrastructure Communication Market.

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