SOURCE RESEARCH
V2X Semiannual Update: 1H 2022
Presentation | 4Q 2024 | PT-2621
Get The ReportTo make Vehicle-to-Everything (V2X), there needs to be a form of communication installed inside the vehicle. Cellular V2X/PC5 and Dedicated Short-Range Communication (DSRC) are the two main options when it comes to short-range communication in V2X applications. As for forecasts, the number of vehicles with Cellular V2X (C-V2X)/PC5 is expected to reach 65.2 million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 65% between 2022 and 2031. On the other hand, there will be just 12 million registered vehicles with DSRC in 2031, highlighting the industry preference for cellular V2X solutions. Although adoption rates for both technologies will be on par through 2023, C-V2X will begin to distance itself from DSRC in 2024, and the trend will only continue to exacerbate.
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