DSRC Technology Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

DSRC is a kind of wireless communication technology that allows vehicles to communicate with each other without involvement of cellular infrastructure. DSRC stands for dedicated short-range communications. Growing adoption of connected cars and necessity for road safety act as key factors which accelerate the growth of the DSRC technology market. Demand for DSRC technology is anticipated to rise considerably in coming years.

MARKET SCOPE

The

"Global DSRC Technology Market Analysis to 2031"

is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the DSRC technology market with detailed market segmentation by frequency band, type, transceiver, application and geography. The report provides key statistics on the market status of the leading DSRC technology market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on frequency band, the global DSRC technology market is segmented into 5.8 GHz and 5.11 GHz.
  
•   On the basis of type, the market is segmented into Active DSRC and Passive DSRC.
  
•   Based on transceiver, the market is bifurcated into on board unit and roadside unit.
  
•   On the basis of application, the market is segmented into real-time freight logistics, integrated transportation financial transactions, transit vehicle refueling management, pedestrian safety at intersections and others.
  

MARKET DYNAMICS

Drivers:

•   Growing awareness regarding benefits of DSRC technology.
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of DSRC technology.
  
•   Increasing utility of DSRC technology to drive the demand further.
  

Restraints:

•   Poor infrastructure in developing countries may act as a restraining factor.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The DSRC technology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the DSRC technology market in these regions.

IMPACT OF COVID-19 ON DSRC TECHNOLOGY MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. The pandemic of COVID-19 restricted the movement of people from one place to another. Also, due to less demand, production of vehicles was affected drastically all over the world. All these has impacted the DSRC technology market negatively.

MARKET PLAYERS

The report covers key developments in the DSRC technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from DSRC technology market are anticipated to lucrative growth opportunities in the future with the rising demand for DSRC technology in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the DSRC technology market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Autotalks Ltd.
  
•   Cohda Wireless
  
•   Continental AG
  
•   Ficosa Internacional SA
  
•   HARMAN International
  
•   Kapsch Group
  
•   Lear Corporation
  
•   NORBIT ASA
  
•   Q-Free ASA
  
•   Qualcomm Technologies, Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

DSRC Technology Report Scope