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.
Dedicated Short-Range Communications (DSRC) technology is a key enabler of vehicle-to-everything (V2X) communications, which include vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) communication. DSRC operates in the 5.9 GHz frequency band and is designed for secure, high-speed, low-latency communication, making it ideal for automotive safety applications. The market for DSRC technology is driven by the growing focus on improving road safety, reducing traffic congestion, and enabling autonomous and connected vehicle ecosystems.
Key Trends
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Market Segmentations:
Global DSRC Technology Market: By Company
Global DSRC Technology Market: By Type
Global DSRC Technology Market: By Application
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Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global DSRC Technology market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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