Cooperative Vehicle Infrastructure System Demand To Boom in Asia-Pacific in Future!

-

The development of technologies such as internet of things (IoT) and artificial intelligence (AI) have had a positive impact on the automotive industry, just like many other industries. These technologies are increasingly being utilized in vehicles to make them safer and more efficient in order to provide consumers with enhanced driving experience. In addition to this, the focus on development of autonomous cars has increased significantly as well. Because of strong economic growth and increasing disposable income of people, the demand for autonomous vehicles is predicted to increase considerably in the near future. 


Technologies such as big data, AI, and IoT are further being extensively utilized for enhancing the safety on roads for pedestrians as well as drivers. Owing to this, the demand for cooperative vehicle infrastructure system (CVIS) is growing swiftly. This system obtains information regarding roads and vehicles by making use of technologies such as sensing detection and wireless communication. The system further shares and interacts the information by communications between vehicle and road and between vehicles, thereby realizing the intelligent cooperation between infrastructures and vehicles. This way, the system achieves the goal of optimizing the usage of system resources, decreasing traffic congestion, and increasing safety of road traffic. 

Ascribed to these factors, the global cooperative vehicle infrastructure system market is expected to grow at a substantial pace in the years to come. CVIS is provides by original equipment manufacturers (OEM) and third-party service providers. This is divided on the basis of solutions and connection hardware that are provided. The data collected via IoT is analyzed and is utilized for taking intelligent decisions regarding policy making and business. In terms of communication, the CVIS is divided into vehicle-to-everything (V2X) and vehicle-to-infrastructure (V2I), between which, the demand for V2I was higher in the past. 

This can be ascribed to the need for improved safety of vehicles that are equipped with communication systems and several government regulations. Other than this, the demand for V2X technology is also projected to increase considerably in the near future, which is owing to the rise in realization regarding shortfalls of V2I communications and growing adoption of V2X in several countries. Geographically, Europe has been the major user of CVIS in the past. However, this being said, the demand for these systems is predicted to rise significantly in Asia-Pacific in the coming years, thereby making it the fastest-growing cooperative vehicle infrastructure system market. This is because of increasing penetration of this technology on account of strong economic growth in the region. 

Hence, the demand for CVIS is growing due to technological advancements, development of IoT and AI, rising penetration of autonomous and connected cars, and increasing focus on enhancing the safety of drivers and pedestrians. 

Comments

Post a Comment

Popular posts from this blog

How the Asia-Pacific Electric Car Market Has Witnessed Substantial Growth in Coming Years?

-
Image
As the air quality deteriorates and the prevalence of various lung diseases increases in the Asia-Pacific (APAC) region, the attention of governments, regulatory authorities, policymakers, and citizens is finally shifting toward the elephant in the room, that is, the large-scale usage of fossil-fuel-powered vehicles for both personal commuting and transportation of goods. The harmful emissions released from these vehicles are one of the major causes of air pollution and the rapid environmental degradation. To combat the situation and make the air in urban areas breathable again, governments of several APAC countries are implementing policies aimed at promoting the deployment of eco-friendly modes of transport, such as electric cars. This is, in turn, fueling the advancement of the Asia-Pacific electric car market. For instance, as per industry experts, sales of electric vehicles grew in India by 32.0% or from nearly 576,000 units in 2018 to more than 760,000 units in 2019, among w
Read more

India Shared Mobility Market 2021 to Witness Stunning Growth

-
Image
Due to the rapid environmental degradation because of the extensive usage of fossil fuel-powered vehicles, the government is increasingly implementing policies aimed at encouraging the adoption of shared mobility solutions in India. Moreover, the government is providing various financial incentives for promoting the adoption of these solutions in the country. For example, under the faster adoption and manufacturing of (hybrid) and electric vehicles (FAME) II scheme, the government launched initiatives for augmenting the deployment of electric vehicles for commercial purposes.  These initiatives are propelling the deployment of electric vehicles and their adoption by various shared mobility service providers in the country. Apart from this factor, the increasing road congestion, especially in the urban areas, on account of the booming population levels and the surging number of daily commuters, is also pushing up the demand for shared mobility solutions in India. Different companies are
Read more

India Automotive HMI Market Development, Growth, and Demand Forecast, 2013-2023

-
Image
The major factors behind the India automotive human machine interface (HMI) market growth are rising sales of passenger car, increasing in-vehicle connectivity, and growing demand for comfort and in-vehicle safety features. The market generated a revenue of $466.9 million in 2017, and it is predicted to reach $1.0 billion by 2023, witnessing a CAGR of 14.1% during the forecast period 2018–2023, according to P&S Intelligence. Automotive HMI includes multiple system that permits drivers to interact with their vehicles. It works with the human touch, voice commands, and body language. Benefits associated with multimodal HMI, such as better recognition and faster interaction, are expected to increase their penetration in passenger cars. Further based on end-use, the Indian automotive HMI market is categorized into economy, medium, and premium cars. Due to the rising HMI deployment in medium car category, these cars held the largest sales volume share in the market and is forecasted to
Read more