Skip to main content

Smartphones ‘expected to help connect older vehicles to V2X network’

A recent report from Navigant Research, Connected Vehicles, examines the market for connected vehicles, with a focus on the key components of vehicle-to-external communications (V2X) communications technology and factors that may influence successful deployment. The study provides an analysis of how these factors, including the cost of hardware, regulations, potential societal benefits, and security and privacy concerns, are projected to affect OEMs, hardware and software suppliers, regulators, and intellig
September 1, 2015 Read time: 2 mins

A recent report from 7560 Navigant Research, Connected Vehicles, examines the market for connected vehicles, with a focus on the key components of vehicle-to-external communications (V2X) communications technology and factors that may influence successful deployment.

The study provides an analysis of how these factors, including the cost of hardware, regulations, potential societal benefits, and security and privacy concerns, are projected to affect OEMs, hardware and software suppliers, regulators, and intelligent transportation infrastructure operators.

Global market forecasts of OEM and aftermarket sales of DSRC equipment for light, medium, and heavy duty vehicles, broken down by vehicle segment and region, extend through 2025. The report also provides a review of major market drivers and barriers related to connected vehicles and key industry players within the competitive landscape.

It concludes that total revenue for V2X systems is expected to reach nearly US$180 billion from 2015 to 2025.

The increasing drive to reduce vehicle emissions and increase safety for drivers is spurring several technological developments in the transportation sector. One area benefitting from this push is the increasing development of V2X systems that allow real-time information sharing between vehicles, drivers, and pedestrians.

“Connected vehicles hold enormous potential for drivers to reduce vehicle crashes by increasing their awareness of hazards and other dangers around them while driving,” says Sam Abuelsamid, senior research analyst with Navigant Research. “By using these systems, drivers can take advantage of real-time alerts about changing road conditions or other vehicles and pedestrians that they might otherwise not be able to see.”

While most new cars and trucks arriving in the next decade are likely to include built-in V2X systems of some sort, this still leaves nearly two billion existing vehicles on the road without connectivity. Through the use of wi-fi radios and antennas modified to support dedicated short-range communications (DSRC) frequencies and other small changes, smartphones are expected to help fill this gap and integrate existing vehicles into the V2X network, increasing its effectiveness.

For more information on companies in this article

Related Content

  • Europe’s public transport ITS market expected to exceed US$1.9 billion by 2017
    November 18, 2013
    According to new research from the analyst firm Berg Insight, the market value for public transport intelligent transport systems (ITS) in Europe was US$1.3 billion in 2012. Growing at a compound annual growth rate of nine per cent, the market is expected to reach US$1.9 billion by 2017. Berg Insight suggests that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. The fluctuating economic climate has in most countries had little eff
  • Virtual cockpit in cars ‘edges closer to reality’
    September 3, 2015
    New analysis from Frost & Sullivan, Rise of Virtual Cockpits in Cars finds that the instrument cluster (IC) market in North America and Europe is expected to clock a compound annual growth rate (CAGR) of 2.2 percent from 2014 to 2021, with digital IC expected to reach a CAGR of approx. 26 percent by 2021. While the virtual cockpit will be limited to premium-segment vehicles, fully digital clusters that will be standard in about 20 percent of cars will also be offered as an option on medium-segment cars.
  • Smart transportation market expected to reach US$102.31 million by 2018
    June 10, 2013
    According to a new market research report, Smart Transportation Market - by Solutions (Ticketing Management, Parking Management, Passenger Information, Traffic Management), Services (Traditional, Advanced, Software) Worldwide Analysis and Forecasts (2012 - 2018) published by MarketsandMarkets, the smart transportation market expected to reach more than US$102.31 billion by 2018, at a CAGR of 23.6 per cent. The market for smart transportation is fuelled by the advancements across the information and communic
  • Global ADAS market is expected to reach US$60.14 billion by 2020
    May 13, 2015
    A new report from Allied Market Research, Global Advanced Driver Assistance Systems Market Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020 claims the global advanced driver assistance systems (ADAS) market will reach US$60.14 billion by 2020, registering a CAGR of 22.8 per cent during 2014-2020. According to the report, the deployment of sensors in vehicles has brought a massive transformation in the automotive industry by providing improved passenger experience and safet