Vehicle-to-Infrastructure (V2I) communication refers to the communication between vehicles and road-side infrastructure such as traffic lights, road signs, and toll booths. This technology allows vehicles to communicate with the infrastructure in real-time, thereby improving road safety, reducing congestion, and enhancing the overall driving experience. The V2I communication market is expected to grow significantly in the coming years, driven by increasing demand for connected vehicles, smart cities, and advanced driver-assistance systems (ADAS). Key players in the market include Huawei, Intel, Qualcomm, Ericsson, and Bosch.
Automotive Communication Supply Chain Companies Focus on Integration of New Competencies and Capabilities
Vehicle-to-infrastructure communication supply chain companies are focusing on integrating enhanced competencies and capabilities into their business and operational processes. These automotive capabilities include vehicle-to-infrastructure communication-based real time analytics.
Communication technology presents lucrative opportunities such as deployment of red light violation warning systems, curve speed warning systems, and stop sign gap assist systems, in the global vehicle-to-infrastructure communication market. Manufacturers and developers of V2I communication technology are offering V2I systems that possess the capability to accumulate data in real time, while the integrated software analyzes the accumulated data in real time.
The automotive industry is undergoing a major transformation with the advent of new technologies that aim to improve road safety, reduce congestion, and enhance the overall driving experience. One such technology is Vehicle-to-Infrastructure (V2I) communication, which refers to the communication between vehicles and road-side infrastructure. V2I communication allows vehicles to communicate with the infrastructure in real-time, thereby providing drivers with relevant information and alerts to improve their driving experience.
Market Size and Growth Prospects
The V2I communication market is expected to grow significantly in the coming years, driven by the increasing demand for connected vehicles, smart cities, and advanced driver-assistance systems (ADAS). According to a recent report, the V2I communication market is expected to reach $5.48 billion by 2023, growing at a CAGR of over 26% from 2017 to 2023. The growth of the market can be attributed to the increasing demand for intelligent transportation systems (ITS) and connected vehicles, which require V2I communication for their proper functioning.
Key Players and Their Market Position
The V2I communication market is highly fragmented with several key players operating in the market. Some of the leading players in the market include Huawei, Intel, Qualcomm, Ericsson, and Bosch. These players are investing heavily in R&D to develop advanced V2I communication solutions that can cater to the needs of the market. Huawei, for instance, has developed a V2I communication platform that provides real-time information to drivers and enhances road safety.
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