Global penetration of V2X modules in new vehicles will reach 62 percent by 2027. The total installed base of OEM and aftermarket DSRC V2X modules in vehicles will grow to 423 million by 2027.

“V2X technology has been a long time coming, but its hour of glory might just be around the corner, at least in terms of automotive time frames. The U.S.Department of Transportation’s (DoT) decision on a V2V mandate and Europe’s voluntary approach via the C2C-CC consortium with an MoU signed by 11 vehicle OEMs committing to deployments by 2015 will drive the V2V market forward. Additionally, the accelerating developments in autonomous driving will further fuel interest in V2X technology as a critical component for adding redundancy and reliability,” comments VP and practice director Dominique Bonte.

While the V2X ecosystem is still small, a host of Automotive Tier 1 suppliers, and semiconductor and module vendors are lining up with tested and proven solutions: Autotalks, Cohda Wireless (NXP), Qualcomm, Savari, Continental, Bosch, Hitachi, Denso, Visteon, Kapsch TrafficCom, Arada Systems, Delphi and DGE.

However, it is not just about providing in-vehicle technology (on board Units or OBUs). The full potential of cooperative systems will only be realized through the deployment of Road Side Units (RSUs) attached to traffic lights, light poles, digital signage, tolling gates and buildings allowing Vehicle-to-Infrastructure (V2I) communication and services. ABI Research expects the rollout of V2I to kick start in the wake of the first wide-scale V2V deployments by the end of this decade and forecasts 1.92 million RSUs to be installed globally by 2030.

These findings are part of ABI Research’s Smart Transportation Market Research which covers V2X, ETC, traffic management systems, ITS, multimodal transportation and electric vehicles.