DSRC Technology Market: Forecast (2017-2023)
NEW YORK, Nov. 20, 2017 /PRNewswire/ -- Road accidents are the major problems in our daily life leading to several disasters including loss of life, injuries and others. With Increase in production and sales of vehicles, traffic congestion is increasing in highways resulting to extra consumption of fuels, wastage of hours among others.
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To prevent such problems, communication technologies are incorporated in transportation system. Dedicated short range communication technology is a short to medium range wireless communication technology that is opted for vehicle to vehicle communication and tolling applications. The major benefits offered by DSRC technology is the latency for receiving and transmitting data is very fast, thus Dedicated Short Range Communication is used for vehicle to vehicle communication for providing real time updates of nearby vehicles.
The report has been divided based on transceiver which includes on-board unit and road-side unit. This is subsequently followed by market segmentation based on vehicles, namely: Passenger vehicles and Commercial vehicles. The market is segmented in the basis of frequency band used in the technology comprising of 5.8GHz, 5.9GHz. DSRC Technology utilizes its application for mobility management and Electronic Toll Collection.
The market has also been segmented based on regions such as Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) to provide to give a comprehensive analysis of the market. From technical perspective, DSRC is categorized based on by technology, by electromagnetic spectrum and by standards. Standards segment is again sub-categorized by ARIB standards, CEN standards and WAVE protocols.
On-Board units are the dominant segment for DSRC technology market as of year 2015 and will be the dominant throughout the forecast period owing to rise in number of vehicles coupled with the incorporation of DSRC for safety application in America region. Government initiatives to enhance safety in transportation system in U.S. coupled with the adoption of digital tachograph with DSRC technology in commercial vehicles in European region are the key factors driving the growth of DSRC technology market across the globe.
The communication between vehicle-to-vehicle and vehicle-to-infrastructure has reduced the number of accidents in road transportation. European countries such as Germany, Italy, Czech Republic and others are incorporating DSRC technologies for tolling purpose.
In terms of Geography, America region is expected to be one of the fastest growing region for DSRC market owing to the mandate of governmental regulations in the forecast period. OEMs have also started integrating DSRC modules in their products and are waiting for U.S. government to mandate the law. Further, aftermarket sales are also expected to rise in the forecast period in this region, propelling the growth of DSRC technology market.
Sample companies profiled in this report are:
Cohda Wireless (Australia),
Kapsch Group (Austria),
Norbit Group AS (Norway),
10+.
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