Vehicle-to-Infrastructure (V2I) Communication Market Segmentation:
Communication Technology Segment Analysis
The cellular-V2X (C-V2X) segment in the vehicle-to-infrastructure communication market is poised to hold a leading revenue share of 61.7% during the anticipated timeline. C-V2X offers greater scalability in comparison to its predecessor, DSRC, by leveraging 4G LTE and 5G networks. The segment’s growth has eliminated the requirement for dedicated short-range roadside infrastructure. This has ensured that C-V2X is lucrative for private stakeholders as well as for governments seeking cost-effective deployments across rural and urban regions. Moreover, the transition has been accelerated by the strong backing of telecom giants such as Qualcomm and Ericsson, and OEMs such as Audi and Ford.
Application Segment Analysis
The traffic management segment in the vehicle-to-infrastructure communication market is slated to hold a leading revenue share of 46.0% throughout the forecast timeline. A key driver is the advantage offered by the V2I-enabled traffic management systems in transforming static road infrastructure into intelligent, responsive systems. In major metro regions, such as Toronto and Tokyo, the application has reportedly decreased average travel time reductions during peak hours. The economic incentive of applications remains compelling, with the time lost in traffic improving productivity. With a greater number of cities implementing smart systems, V2I-based traffic management is poised to experience greater application opportunities throughout the forecast period across multiple regional markets.
Component Segment Analysis
In the foreseeable future, hardware will likely be the primary element in the V2I communication Market. Hardware is fundamental: without hardware, there is no physical infrastructure to facilitate communication. Hardware is an obvious and heavy capital commitment. Governments and municipalities often must make substantial upfront investments to develop or enhance infrastructure. This immediately raises the hardware cost baseline. There simply is a greater degree of hardware investment than there is software or services in the initial investment, and especially in the early phases of deployment, regarding outfitting vehicles and road infrastructure.
Our in-depth analysis of the vehicle-to-infrastructure (V2I) communication market includes the following segments:
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