#V2XCommunicationMarketForecast | Explore Tumblr posts and blogs

sachincmi · 4 years ago

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Growing need for road safety is anticipated to raise demand for V2X Communication

V2X Communication is defined as vehicle-to-vehicle communication in which a vehicle and every other vehicle are able to respond to a communication sent by a vehicle. Basically, it's a vehicle-to-infrastructure communication where a vehicle refers to any object on or near a roadway that may be affected or can be affected, by the vehicle in question. This means there are many other communication systems besides the basic radio signals that all vehicles use to communicate with each other. For instance, an automobile GPS navigation system uses an analog signal that is sent via the internet to a computer or other source of information which converts the signal into a meaningful digital signal. Digital signals are much stronger and therefore last longer than analog signals, which means a GPS unit will stay active for a longer period of time.

Increasing road safety regulations due to growing road accidents are predominantly fueling the market growth of V2X Communication. According to the World Health Organization, every year the lives of approximately 1.35 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. More than 90% of road traffic deaths occur in low- and middle-income countries. Implementation of the V2X communication enhance road safety and also driving experience. Thus growing demand for safety and security features in automobiles is further projected to foster the market growth of V2X Communication.