What Has Been the Growth of the Vehicle To Infrastructure V2I Communication Market So Far?
The vehicle to infrastructure v2i communication market has seen considerable growth due to a variety of factors.
• The market for vehicle-to-infrastructure (V2I) communication has seen substantial growth in the past few years, expanding from a size of $0.53 billion in 2024 to an anticipated $0.71 billion in 2025 with a compound annual growth rate (CAGR) of 34.4%.
This robust increase in the historical period is due to a combination of factors, including surged investments in upgradations of infrastructure, the desire for improved solutions for road safety, rising urbanization and congestion issues, governmental policies encouraging intelligent transportation, and a growing trend toward the use of connected and autonomous vehicles.
How Will the Vehicle To Infrastructure V2I Communication Market?
The vehicle to infrastructure v2i communication market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the market for vehicle-to-infrastructure (V2I) communications is predicted to expand dramatically in the coming years, reaching $2.31 billion in 2029, with a compound annual growth rate (CAGR) of 34.3%.
Factors driving this projected growth during the forecast period include a rise in global automobile thefts, advancements within the auto industry, increased focus on cybersecurity in V2I communication, the emergence of mobility-as-a-Service (MaaS) platforms, and need for predictive maintenance solutions for V2I infrastructure. Key trends for the forecast period consist of the incorporation of artificial intelligence and machine learning into V2I systems, 5G technology advancements, a move towards eco-friendly mobility solutions, the integration of V2I communication into smart city projects, and partnerships between automotive OEMs and technology providers.
Which Factors Are Boosting Growth In The Vehicle To Infrastructure V2I Communication Market?
Rising incidents of car theft are predicted to fuel the expansion of the vehicle-to-infrastructure (V2I) communication market. Unauthorized seizings or takings of motor vehicles without the vehicle owner's approval or awareness are considered car thefts. The escalation in automobile thefts can be attributed to circumstantial factors such as leaving the keys in the ignition while the car is not occupied or parking in dimly lit locations. Vehicle-to-infrastructure (V2I) communication helps reduce car theft by facilitating real-time tracking, remote immobilization, superior security features, discouraging theft endeavors, and expediting the quick retrieval of stolen vehicles. As an illustration, a report in February 2024 by the Equite Association, a reputable organization in Canada, revealed that automobile theft in Canada escalated from 70,082 to 70,475, marking a 7.1% increase from 2022 to 2023. Consequently, the escalating automobile theft worldwide is propelling the growth of the vehicle-to-infrastructure (V2I) communication market.
What Key Areas Define The Segmentation Of The Global Vehicle To Infrastructure V2I Communication Market?
The vehicle-to-infrastructure (V2I) communication market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Big Data Analytics, Smart Sensors
3) By Application: Dedicated Short Range Communication (DSRC), Cellular, Wi-Fi, WiMax, Bluetooth
Subsegments:
1) By Hardware: Onboard Units (Obus), Roadside Units (Rsus), Communication Modules, Sensors And Cameras
2) By Software: Communication Software, Data Analytics Software, Cloud Computing Software, Security Software
3) By Services: Installation And Maintenance Services, Consulting Services, Integration Services, Managed Services
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What New Trends Are Influencing The Vehicle To Infrastructure V2I Communication Market?
Major corporations in the vehicle-to-infrastructure (V2I) communication industry are pioneering solutions like Savari MECWAVE, aimed at refining V2I communication for superior traffic regulation and safety. Savari MECWAVE platforms provide decentralized computing abilities at the network periphery, thereby fostering faster application and services processing due to reduced latency. These platforms deliver quicker response times, better performance, and more robust security by positioning computing resources closer to end-user gadgets or devices. MEC platforms are specifically designed to support latency-sensitive applications like augmented reality, self-driving cars, and IoT devices. For instance, Harman International, an American electronics firm, introduced Savari MECWAVE, a novel multi-access edge computing (MEC) software platform, in February 2022. MECWAVE is a platform that empowers car manufacturers and mobile network providers to implement vehicle-to-everything (V2X) communication with incredibly low latency, thereby improving safety and connectivity for drivers, passengers, and pedestrians. It broadens V2X capabilities to vehicles and devices that lack V2X compatibility.
Who Are the Key Players In The Vehicle To Infrastructure V2I Communication Market?
Major companies operating in the vehicle-to-infrastructure (V2I) communication market are:
• Toyota Motor Corp.
• Hitachi Ltd.
• Bosch Mobility Solutions
• Cisco Systems Inc.
• DENSO Corporation
• Qualcomm Technologies Inc.
• Continental AG
• Magna International Inc.
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• Aptiv PLC
• NXP Semiconductors
• AECOM Technology Corporation
• WSP Global
• Visteon Corporation
• TransCore LP
• HNTB Corporation
• SWARCO AG
• Kapsch TrafficCom
• Iteris Inc.
• Mitsubishi Electric Corporation
• Econolite Group Inc.
• Autotalks Ltd.
• Commsignia Ltd.
• Cohda Wireless
What Is The Most Dominant Region In The Vehicle To Infrastructure V2I Communication Market?
North America was the largest region in the vehicle-to-infrastructure (V2I) communication market in 2024. The regions covered in the vehicle-to-infrastructure (V2I) communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
