#V2Xcommunication

[market-insider]

Connected Cars Market Strategic Assessment: Market Size, Share, and Growth Projections

The global connected car market size is expected to reach USD 243.75 billion by 2030, registering a CAGR of 13.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Surging consumer demand, the constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth.

Connected cars offer connectivity on wheels providing comfort, performance along with safety and security. Such advanced technology enables the driver and passengers to connect with various online platforms that facilitate real-time communication on the go.

The connected car market has the potential to significantly boost revenues of automobile manufacturers over the next five to seven years. Car manufacturers are expected to deliver the right mix of application and product packages for the right customers, and must systematically invest in R&D if they are willing to maintain their technological leadership. Increasing regulations by governments and transportation authorities for the installation of advanced safety and vehicle to vehicle communications systems are expected to positively impact industry growth.

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Connected Car Market Report Highlights

The safety segment is estimated to grow significantly over the forecast period. The rise of autonomous driving technologies has also contributed to the growth of the safety segment in the market.

The driver assistance segment accounted for the largest revenue share of 36.1% in 2022 and is estimated to register the fastest CAGR of 15.6% over the forecast period. Driver assistance includes several advanced technologies that help improve the vehicle's performance.

Asia Pacific is expected to register the fastest CAGR of 15.3% over the forecast period. Increasing smartphone penetration, deployment of high-speed internet services, and declining average selling price in the region are expected to push the sales of such smart vehicles.

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We have segmented the global connected car market on the basis of on application, and region.

[lovelypol]

The Role of Autonomous Vehicles in Traffic Management

Traffic Management is a critical aspect of urban planning and infrastructure development, aimed at optimizing the flow of vehicles and pedestrians to reduce congestion, enhance safety, and improve overall efficiency.

The integration of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) devices has significantly transformed traditional traffic management systems. AI-driven algorithms can analyze real-time data from various sources, including traffic cameras, sensors, and GPS devices, to predict traffic patterns and adjust signal timings dynamically, thereby reducing bottlenecks and improving traffic flow. IoT devices, such as connected traffic lights and smart sensors, enable seamless communication between vehicles and infrastructure, facilitating more efficient traffic management and enhancing the safety of both drivers and pedestrians. Additionally, the adoption of big data analytics allows for the continuous monitoring and analysis of traffic data, providing valuable insights that can inform long-term urban planning and policy-making. Autonomous vehicles and vehicle-to-everything (V2X) communication technologies are also playing a pivotal role in the future of traffic management by enabling more coordinated and safer driving environments. Furthermore, the integration of smart traffic management systems with public transportation networks ensures better coordination and reduces delays, encouraging the use of public transport and contributing to environmental sustainability. As cities continue to grow and evolve, the ongoing advancements in traffic management technologies are essential for creating smarter, more efficient, and safer urban environments. #TrafficManagement #SmartCities #UrbanMobility #AI #IoT #BigData #TrafficFlow #SmartSensors #ConnectedDevices #AutonomousVehicles #V2XCommunication #PublicTransportation #SustainableCities #UrbanPlanning #TrafficSafety #RealTimeData #SmartTrafficLights #DataAnalytics #SmartInfrastructure #FutureOfTransportation #MobilityInnovation #TechInTraffic #UrbanEfficiency #SmartUrbanPlanning #SafeRoads

[sachincmi]

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.

Read more @

https://coherentmarketinsights-blog.blogspot.com/2020/12/growing-need-for-road-safety-is.html

[kicsuet-blog]

#ICOSST2018 - Day 3 Session 3 Track 5 - Dr. Taimoor Abbas from Volvo Car Sverige, Sweden is delivering a talk on "What is the role of V2X communications for C-ITS - current status and future Implications?" in #UET_Lahore. #ieee #v2xcommunications #conference #blockchain