Connected Vehicle Systems Revenues to Top $36 Billion Annually by 2025: Study
A new study from Navigant Research is projecting that connected vehicle systems will see annual global revenues exceeding $36 billion by 2025.
This figure derives from sales of OEM and aftermarket dedicated short-range communications (DSRC)-based Vehicle-to-external (V2X) communications systems.
The study is a 77-page overview of the market with write ups on key players, market barriers, technology issues, and suppliers. It offers 40 charts, graphs, and figures, according to a promotional release.
The release for the study notes that DSRC provides a foundation for connected-vehicle capability because it can provide real-time data to vehicles, drivers and pedestrians through vehicle to external communications (V2X).
Navigant says its report addresses these questions:
- How big is the potential OEM market for vehicle-to-external (V2X) communications globally and regionally?
- How will aftermarket V2X systems, including built-in and smartphone-based solutions, help drive the development of vehicle connectivity?
- What are the key forces driving the deployment of V2X-connected vehicles globally?
- What are the possible roadblocks to reaching the full potential of V2X communications?
- What are the pros and cons of various technology solutions for connected vehicles?
- Which companies will play a critical role in the deployment of V2X communications?
The 77-page study is targeted to OEMs, fleet operators, tier one and aftermarket automotive electronics and software suppliers, aftermarket automotive electronics retailers and installers, telecomm providers, intelligent transportation system suppliers, government regulators, and the investor community.
The report’s full name is Connected Vehicles, Vehicle-to-X Communications and Supporting Technologies: Global Market Analysis and Forecasts.
