Global DSRC Technology Market - 2023-2030

Overview

Global DSRC Technology Market reached US$ 1.4 billion in 2022 and is expected to reach US$ 16.9 billion by 2030, growing with a CAGR of 36.2 % during the forecast period 2023-2030.

The Dedicated Short-Range Communication market is making significant global strides in shaping the future of Intelligent Transportation Systems . DSRC technology's reliability, low latency and proven performance are driving its adoption globally, facilitating vehicle-to-vehicle and vehicle-to-infrastructure communications. DSRC is instrumental in enhancing road safety, reducing traffic congestion and enabling advanced driver assistance systems.

Moreover, governments and transportation authorities globally are recognizing its value and mandating DSRC-based systems, such as connected vehicle initiatives. DSRC's ability to support critical safety applications, like collision avoidance and traffic signal preemption, underscores its vital role in ensuring road safety and improving traffic management. The growing global momentum is propelling DSRC to the forefront of the ITS revolution, with the technology set to play a pivotal role in the smart and connected transportation systems of the future.

North America leads the DSRC technology market due to its significant electric vehicle adoption. As per Edison Electric Institute, with an estimated 26.4 million EVs expected on U.S. roads by 2030, constituting nearly 10% of the total 259 million light-duty vehicles in U.S., the region showcases a robust foundation for DSRC integration. The growing EV market in North America is a key driver in the adoption and implementation of DSRC technology for intelligent transportation systems.

Dynamics

Increasing Demand for Electric Vehicles

The DSRC technology market is being driven globally by the rapid growth of electric car sales. A per IEA, electric car sales have exceeded 10 million units in 2022, achieving a 14% sales share of the global automotive market. Despite challenges like supply chain disruptions, economic uncertainty and high commodity prices, electric car sales continue to grow. The growth has been exponential, with sales increasing by 55% in 2022 compared to the previous year.

The Net Zero Scenario envisions electric cars reaching around 65% of total car sales by 2030, requiring an average annual growth rate of approximately 25% from 2023 to 2030. The data highlights the increasing adoption of electric vehicles, which often incorporate DSRC technology for communication and safety features, contributing to the global expansion of the DSRC technology market.

Innovations Transforming Intelligent Transportation Systems for Enhanced Traffic Control

The DSRC technology market is driven by innovations in Intelligent Transportation Systems and the application of DSRC technology to improve traffic efficiency and control. DSRC-enabled systems, such as the DSRC-Actuated Traffic Lights system, are designed to reduce traffic congestion and enhance traffic flow. The technology allows traffic lights to be actuated by DSRC radios installed in vehicles, optimizing traffic control based on real-time data. Unlike traditional ITS systems, which are costly and have limited scalability, DSRC-based solutions offer a cost-effective and efficient approach.

In field trials and simulations, the DSRC-ATL system demonstrated the ability to reduce waiting times for commuters at intersections, even when only a small percentage of vehicles are equipped with DSRC radios. The innovation addresses the challenge of low penetration rates of DSRC technology and offers a practical solution for improving traffic control. The DSRC technology market benefits from the growth of DSRC-equipped vehicles and their potential to enhance traffic flows and reduce congestion.

Challenges and Regulatory Considerations

The DSRC technology market faces restraints as it is considered a legacy technology and may struggle to meet the evolving connectivity demands and technological prerequisites of modern Intelligent Transportation Systems. The static allocation of the 5.9 GHz spectrum band for DSRC might not align with the changing requirements of ITS communication, potentially impeding the adoption of more advanced and efficient technologies.

Regulatory considerations also play a role, as spectrum allocation is subject to government policies and the need to reassess and reallocate spectrum resources may arise to adapt to evolving communication needs. In response to these challenges, the industry and researchers have been exploring alternatives like Cellular Vehicle-to-Everything (C-V2X) technology, which could provide a more versatile and adaptable solution for future ITS requirements.

Segment Analysis

The global DSRC technology market is segmented based on type, transceiver, electromagnetic spectrum, frequency band, vehicle and region.

Active DSRC Technology Dominates the DSRC Market with Widespread Adoption

Active Dedicated Short-Range Communication technology holds the largest share in the DSRC technology market due to its widespread adoption in the automotive and intelligent transportation sectors. DSRC technology operates on the 5.9 GHz band of the radio frequency spectrum and enables vehicle-to-vehicle and vehicle-to-infrastructure communication, enhancing road safety, traffic management and autonomous driving capabilities. It has gained prominence for its role in collision avoidance, traffic signal communication and cooperative adaptive cruise control systems.

Active DSRC systems have seen deployment in various regions globally, supported by government initiatives and mandates. Its proven track record, reliability and the increasing focus on connected and autonomous vehicles contribute to their market dominance. Also, the growth of smart cities and transportation infrastructure further fuels the demand for active DSRC technology.

Geographical Penetration

North America's Dominance in DSRC Technology Market

North America holds the largest share in the DSRC technology market due to the region's significant investment in intelligent transportation systems and the adoption of DSRC for vehicle-to-vehicle and vehicle-to-infrastructure communication. The United States, in particular, has been a key driver of DSRC technology, with government initiatives and regulations supporting its deployment for improved road safety and traffic management.

Furthermore, the presence of major automotive manufacturers in North America has accelerated the integration of DSRC into vehicles. As a result, the region has witnessed widespread DSRC technology implementation in various applications, such as collision avoidance, cooperative adaptive cruise control and traffic signal communication, contributing to its dominant market position. The continued growth of smart transportation systems and autonomous vehicles further reinforces North America's leading role in the DSRC technology market.

COVID-19 Impact Analysis

The COVID-19 pandemic has had mixed effects on DSRC technology. It disrupted supply chains and manufacturing, leading to delays in DSRC infrastructure deployment and component production. The pandemic also reduced travel and traffic, which temporarily decreased the urgency for intelligent transportation systems. On the other hand, the pandemic underscored the importance of resilient and adaptable transportation systems, pushing governments and industries to invest in smart, contactless technologies like DSRC.

The need for reduced physical contact and improved traffic management in a post-pandemic world has accelerated the adoption of DSRC and similar technologies. In essence, COVID-19 both slowed and accelerated DSRC development, with the latter becoming more prominent as a response to the crisis.

Russia-Ukraine War Impact Analysis

Russia-Ukraine war has had several indirect impacts on DSRC technology. Ukraine has been a key player in the global electronics manufacturing industry and the conflict has disrupted supply chains, affecting the availability of DSRC components. The geopolitical instability in the region has also raised concerns about the security of critical communication infrastructure.

It has prompted governments and industries to reconsider their reliance on foreign-made technology and components, potentially leading to increased investment in domestic or more secure alternatives for DSRC. Also, the war has shifted global priorities, potentially diverting resources and attention away from DSRC-related projects in the short term.

By Type

• Active DSRC
• Passive DSRC

By Transceiver

• On Board Unit
  • Standalone
  • Hybrid
• Roadside Unit

By Electromagnetic Spectrum

• Microwave
• Infrared

By Frequency Band

• 5.8 GHZ
• 5.11 GHZ
• Others

By Vehicle

• Passenger Vehicles
  • Passenger Car
  • Recreational Vehicle
  • Others
• Commercial Vehicles
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Bus and Truck
  • Others
• Aftermarket
  • Retail Stores
  • Gas Stations
  • Mass Transits
  • Rail
  • Parking Lots
  • Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

Competitive Landscape

The major global players in the market include: Bodywise Ltd, Corman SpA, Lil-Lets UK Limited, Procter and Gamble Co, Kimberly-Clark Corporation, Edgewell Personal Care Company, Unicharm Corporation, Johnson & Johnson Inc., Cora and First Quality Enterprises Inc.

Why Purchase the Report?

• To visualize the global DSRC technology market segmentation based on type, transceiver, electromagnetic spectrum, frequency band, vehicle and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of DSRC technology market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Type mapping available as excel consisting of key Types of all the major players.

The global DSRC technology market report would provide approximately 75 tables, 72 figures and 209 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies