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V2I Communication Market Trends

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Report ID: 3189
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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V2I Communication Market Trends

Growth Drivers

Increasing Automobile Thefts Globally
Growing Advancements in the Automotive Industry

Challenges

Huge Initial Investment for Implementing V2I Communication System

Vehicle-to-Infrastructure (V2I) Communication Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	36.9%
Base Year Market Size (2023)	USD 309.7 million
Forecast Year Market Size (2036)	USD 18.37 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Vehicle-to-Infrastructure (V2I) Communication Market Size & Share, Growth Report 2036

Author Credits: Abhishek Verma

Report ID: 3189
Published Date: Aug 30, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of vehicle-to-infrastructure communication is evaluated at USD 401.12 million.

Vehicle-to-Infrastructure (V2I) Communication Market size was valued at USD 309.7 million in 2023 and is set to cross USD 18.37 billion by 2036, expanding at more than 36.9% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by increasing automobile thefts globally and growing advancements in the automotive industry.

Europe is expected to hold largest revenue share by 2036, on the back of surge in the number of smart automotive projects undertaken by the government, high car production and strong presence of market players in the region.

The major players in the market include General Motors, Delphi Automotive LLP, Daimler AG, Toyota Motor Corporation, Audi, Volkswagen, BMW, and Volvo Cars.

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