DSRC Technology Market- Forecast (2018-2023)
Posted by Venkatesh on October 30th, 2018
In the Report “DSRC Technology Market: By technical specification (Technology, Electromagnetic Spectrum, Standards); By Transceiver (OBU, RSU); By Vehicle Types (Passenger, Commercial); By Frequency (5.8 GHz, 5.9GHz); By Application (Mobility, Safety, Toll) & By Geography - Forecast (2018-2023)” published by IndustryARC, the market is driven by the improving traditional surgical process that has reduced the complication rates in surgeries and shortened surgical time period.
Asia-Pacific dominates with major share and growth in the DSRC Technology Market
Asia-Pacific is the leading market for DSRC Technology Market for the forecast period of 2018-2023. The Asia-Pacific market is expected to register a value of 150.80 thousand in 2023. China is the dominant region for DSRC Technology market,followed by Europe the second leading region to gain 929.30 thousand in 2017, which is expected to grow at a CAGR of 9.82% to reach a value of 705.80 thousands by 2023. American market is witnessed to grow at a faster CAGR of 11.92% to reach a value 212.80 thousands by 2023. Freight transportation system is one of the sector backing North American economy. DSRC Technology are to be combined in commercial vehicles for traffic management, vehicle movement monitoring and others.
Selected Extracts Analysis done in the DSRC Technology Market Report:
DSRC Technology Market is segmented into Transceivers, which is further sub-segmented into Onboard Unit and Roadside Unit. The On board Unit segment accounted for total sales of .4 million in 2017, which is projected grow at a CAGR of 5.8% to register a value of 6.9 million by 2023. The market for DSRC Roadside Unit was estimated to be around .2 million in 2017. This is projected to decline with a negative CAGR of 5% in the forecast period 2018-2023. In the future,the RSUs market will become successful for a specific year 2021, which it will reach a value up to .7 million. In vehicle segment, passenger vehicles and commercial vehicles are two type of vehicles segment, among which passenger holds the maximum share in transportation vertical. The passenger vehicle market is expected to grow at a CAGR of 6.8% to register a value of .3 million by 2023.The commercial vehicles segment is expected to grow at a CAGR of 1.0% to reach register a value of .7 million by 2023.
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Excerpts on DSRC Technology Market Growth Factors
• DSRC plays a significant role in enhancing safety of vehicles by providing communication on both V2V and V2I networks.Thus,several applications are being developed as vehicle monitoring activities are increasing the market for dedicated short range communication market.
Key players of the DSRC Technology Market
The major companies related to DSRC technology comprise of Kapsch Group, Norbit, Arada Systems, Savari, Codha Wireless among others. Kapsch Traffic AG is known to serve in the regions of Europe and America with applications such as High speed open road tolling, lane based ETC and HOT lanes, ITS safety and security services, etc.Cohda Wireless is known for designing of products and has it’s reach in the regions of Asia-Pacific and America, for its V2X communication application. Savariis established for serving in hardware and software solutions in application area of Safety and Tooling. In several years, DSRC Transceivers & Chipset suppliers had collaborated in the market to retain the opportunities emerging with on-going development of V2V market ecosystem.
DSRC Technology Market report is segmented as below
A. Dedicated Short Range Communication Technology Market – By Offering
1. Automotive OEM’s
I. Internal Combustion Engine Based Vehicle
i. Small Car
2. Commercial Vehicle
I. Small Truck
3. Battery Operated Vehicle
I. Passenger Vehicle
I. Retail Establishments
B. Dedicated Short Range Communication Technology Market - By Transceiver
1. On Board Unit
2. Roadside Unit
C. Dedicated Short Range Communication Technology Market - By Technical Specifications
I. Active DSRC
2. By Electromagnetic Spectrum
3. By Standards
D. Dedicated Short Range Communication Technology Market – By Frequency Band
1. 5.8 GHz
E. Dedicated Short Range Communication Technology Market – By Application
1. Transit signal priority
F. DSRC Technology Market by Geography (covers 10+ countries)
1. Q-Free ASA
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
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IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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