V2X Communication Module Market Insights 2021 – Industry Overview, Competitive P

Posted by Fred Williams on April 2nd, 2021

Vehicle-to-passenger (V2P) and vehicle-to-vehicle (V2V) communication through a wireless medium, and collectively known as V2X Communication. This sensor is designed to sense the vehicle’s surroundings to prevent collisions, warn potential hazards, ensure operator safety, and prevent traffic congestion. This sensor uses a wireless technology aimed at increasing road safety and improve traffic management and adequate to reduce environmental impact. This sensor is integrated with a processor and a RF transceiver that provides consistent RF performance with high integrative flexibility. This sensor is expected to alert drivers of potential threats, such as uncertain overtake, vehicle braking, road hazard detection, and is expected to improve collision avoidance, and heavily reduce fatalities and injury severity. Additionally, this technology is expected to enhance traffic efficiency providing warnings for upcoming traffic congestions, proposing alternative routes and securing an eco-friendly driving, reducing CO2 emission through adaptive cruise control and a smarter transportation management.

The rising demand for road safety regulations, rising severity of road accidents and evolution of IoT and edge computing are some of the primary factors driving the growth of the global V2X communication module market during the forecast period. However, the high cost of investment is restraining the growth of the V2X communication module market. At present, various government regulatory bodies of various countries has imposed regulations with an aim to reduce traffic collisions and road accidents, and this is expected to create ample opportunities for V2X communication module manufacturers to come up with more advanced high-efficient sensors.

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Fred Williams

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Fred Williams
Joined: May 7th, 2020
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