Vehicle-To-Infrastructure (V2I) Communication Market Reach $1.72 Billion at a CAGR of 34.3% By 2028, Key Factors behind Market's Exponential Growth
%20Communication%20Market.jpg)
Overview and Scope Vehicle-to-infrastructure (V2I) communication refers to the exchange of data and information between vehicles and roadside infrastructure elements such as traffic signals, road signs, toll booths, and parking meters. This communication allows vehicles to interact with the surrounding infrastructure to improve traffic flow, enhance safety, and enable advanced transportation services. Sizing and Forecast The vehicle-to-infrastructure (V2I) communication market size has grown exponentially in recent years. It will grow from $0.39 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth in the historic period can be attributed to Increasing investments in infrastructure modernization, demand for enhanced road safety solutions, growing urbanization and congestion challenges, government initiatives promoting smart transportation, increasing adoption of connected and autonomous vehicles. The vehicle-to-infrastructure (...