Market Overview:
The global connected vehicle roadside unit market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced transportation infrastructure and rising concerns over road safety. The wireless (5G & IoT) segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for 5G-enabled roadside units for enhanced traffic management and safety. The wireless (4G & IoT) segment is also expected to witness high growth during the forecast period, due to increased deployment of 4G LTE-based roadside units across various regions. The traffic monitoring application segment is projected to hold a dominant position in terms of revenue share throughout the forecast period, as governments are increasingly investing in smart city initiatives that include installation of intelligent traffic management systems.
Product Definition:
A Connected Vehicle Roadside Unit (CVRU) is a device that enables vehicles to communicate with each other and with roadside infrastructure, such as traffic signals and toll booths. CVRUs are used to improve safety, congestion, and efficiency on roadways.
Wireless (5G & IoT):
The global wireless (5G & IoT) it's usage and growth factor in the Connected Vehicle Roadside Unit market size was valued at USD 1.6 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 38.7% from 2019 to 2025. The increasing demand for enhanced connectivity features such as high-speed data transfer, autonomous driving, smart parking, etc.
Wireless (4G & IoT):
The global wireless (4G & IoT) and its usage in the connected vehicle roadside unit market size was valued at USD 1.5 billion in 2016. The increasing demand for smart vehicles is expected to drive the growth of this market over the forecast period. Wireless technologies are increasingly being used for applications such as telematics, infotainment, safety and security, navigation, and ADAS (Advanced Driver Assistance Systems).
Application Insights:
The traffic monitoring systems segment dominated the global connected vehicle roadside unit market in terms of revenue share in 2017. This is attributed to the growing number of governments adopting ETC systems as they are considered more secure than other systems. Moreover, many countries are moving towards cashless transactions, which will eventually lead to an increase in demand for these units.
Electronic Toll Collection (ETC) system is expected to be at the forefront throughout the forecast period owing to its increasing adoption across highways and motorways around the globe as a result of its capability for toll collection, billing and payment processing, and vehicle information exchange between vehicles & highway authorities. These functions enable it provide travelers with a seamless experience while driving on highways or motorways thus making them convenient alternatives over conventional toll collection methods such as booths or manned toll gates that were previously used at various roadways across various regions globally.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing investments in China, Japan, and South Korea. Moreover, these countries are also among the early adopters of 5G technology which will provide a significant boost to industry growth.
North America is projected to grow at a lucrative CAGR over the forecast period owing to growing adoption of connected cars across U.S., Canada, and Mexico. Furthermore, government initiatives such as “Innovation Act†passed by U.S Congress in 2016 that encourages development of connected vehicles across all segments including automotive manufacturers has further propelled market growth in this region since last year when it was first introduced into law (Hatch-Skidmore amendment). This initiative aims at developing new technologies that will enhance safety & security systems installed on vehicles along with providing real-time information regarding vehicle health status etc.
Growth Factors:
- Increasing demand for connected vehicles
- Rising number of accidents and fatalities on the road
- Government initiatives for vehicle safety and security
- Growing demand for real-time information and analytics
- Proliferation of wireless technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Vehicle Roadside Unit Market Research Report
By Type
Wireless (5G & IoT), Wireless (4G & IoT)
By Application
Electronic Toll Collection (ETC) Systems, Traffic Monitoring
By Companies
Savari, Fluidmesh Networks, Beijing Juli Science&Technology CO.,Ltd., Danlaw Inc., Siemens, HFW, Transpeed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Connected Vehicle Roadside Unit Market Report Segments:
The global Connected Vehicle Roadside Unit market is segmented on the basis of:
Types
Wireless (5G & IoT), Wireless (4G & IoT)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic Toll Collection (ETC) Systems, Traffic Monitoring
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Savari
- Fluidmesh Networks
- Beijing Juli Science&Technology CO.,Ltd.
- Danlaw Inc.
- Siemens
- HFW
- Transpeed
Highlights of The Connected Vehicle Roadside Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wireless (5G & IoT)
- Wireless (4G & IoT)
- By Application:
- Electronic Toll Collection (ETC) Systems
- Traffic Monitoring
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Vehicle Roadside Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A connected vehicle roadside unit (CVRSU) is a type of automated traffic enforcement system that uses cameras and other sensors to monitor traffic on roadways. CVRSUs are typically used in areas where there is a high volume of traffic, such as near major intersections or highways.
Some of the major players in the connected vehicle roadside unit market are Savari, Fluidmesh Networks, Beijing Juli Science&Technology CO.,Ltd., Danlaw Inc., Siemens, HFW, Transpeed.
The connected vehicle roadside unit market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Vehicle Roadside Unit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Vehicle Roadside Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Vehicle Roadside Unit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Vehicle Roadside Unit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Vehicle Roadside Unit Market Size & Forecast, 2018-2028
4.5.1 Connected Vehicle Roadside Unit Market Size and Y-o-Y Growth
4.5.2 Connected Vehicle Roadside Unit Market Absolute $ Opportunity
Chapter 5 Global Connected Vehicle Roadside Unit Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Connected Vehicle Roadside Unit Market Size Forecast by Type
5.2.1 Wireless (5G & IoT)
5.2.2 Wireless (4G & IoT)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Connected Vehicle Roadside Unit Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Connected Vehicle Roadside Unit Market Size Forecast by Applications
6.2.1 Electronic Toll Collection (ETC) Systems
6.2.2 Traffic Monitoring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Vehicle Roadside Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Vehicle Roadside Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Connected Vehicle Roadside Unit Analysis and Forecast
9.1 Introduction
9.2 North America Connected Vehicle Roadside Unit Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Connected Vehicle Roadside Unit Market Size Forecast by Type
9.6.1 Wireless (5G & IoT)
9.6.2 Wireless (4G & IoT)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Connected Vehicle Roadside Unit Market Size Forecast by Applications
9.10.1 Electronic Toll Collection (ETC) Systems
9.10.2 Traffic Monitoring
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Connected Vehicle Roadside Unit Analysis and Forecast
10.1 Introduction
10.2 Europe Connected Vehicle Roadside Unit Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Connected Vehicle Roadside Unit Market Size Forecast by Type
10.6.1 Wireless (5G & IoT)
10.6.2 Wireless (4G & IoT)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Connected Vehicle Roadside Unit Market Size Forecast by Applications
10.10.1 Electronic Toll Collection (ETC) Systems
10.10.2 Traffic Monitoring
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Connected Vehicle Roadside Unit Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Connected Vehicle Roadside Unit Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Connected Vehicle Roadside Unit Market Size Forecast by Type
11.6.1 Wireless (5G & IoT)
11.6.2 Wireless (4G & IoT)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Connected Vehicle Roadside Unit Market Size Forecast by Applications
11.10.1 Electronic Toll Collection (ETC) Systems
11.10.2 Traffic Monitoring
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Connected Vehicle Roadside Unit Analysis and Forecast
12.1 Introduction
12.2 Latin America Connected Vehicle Roadside Unit Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Connected Vehicle Roadside Unit Market Size Forecast by Type
12.6.1 Wireless (5G & IoT)
12.6.2 Wireless (4G & IoT)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Connected Vehicle Roadside Unit Market Size Forecast by Applications
12.10.1 Electronic Toll Collection (ETC) Systems
12.10.2 Traffic Monitoring
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Connected Vehicle Roadside Unit Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Connected Vehicle Roadside Unit Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Connected Vehicle Roadside Unit Market Size Forecast by Type
13.6.1 Wireless (5G & IoT)
13.6.2 Wireless (4G & IoT)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Connected Vehicle Roadside Unit Market Size Forecast by Applications
13.10.1 Electronic Toll Collection (ETC) Systems
13.10.2 Traffic Monitoring
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Vehicle Roadside Unit Market: Competitive Dashboard
14.2 Global Connected Vehicle Roadside Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Savari
14.3.2 Fluidmesh Networks
14.3.3 Beijing Juli Science&Technology CO.,Ltd.
14.3.4 Danlaw Inc.
14.3.5 Siemens
14.3.6 HFW
14.3.7 Transpeed
