Global DSRC Technology Market is estimated to grow at a CAGR of 3.20% to reach value of $121.64 million by 2023
Asia-Pacific dominates with major share and growth in the DSRC Technology Market
Asia-Pacific is the leading market for DSCR Technology market for the forecast period of 2018-2023. The Asia-Pacific market is expected to register a value of $70150.80 thousand in 2023. China is the dominant region for DSRC Technology market, followed by Europe the second leading region to gain $20929.30 thousand in 2017, which is expected to grow at a CAGR of 9.82% to reach a value of $36705.80 thousands by 2023. American market is witnessed to grow at a faster CAGR of 11.92% to reach a value $12212.80 thousands by 2023. Freight transportation system is one of the sector backing North American economy. DSRC Technology are to be combined in commercial vehicles for traffic management, vehicle movement monitoring and others.
Selected Extracts Analysis done in the full Report:
DSRC Market shipment market is segmented into Transceivers, which is further sub-segmented into Onboard Unit and Roadside Unit. The Onboard Unit segment accounted for total sales of $76.4 million in 2017, which is projected grow at a CAGR of 5.8% to register a value of $106.9 million by 2023. The market for DSRC Roadside Unit was estimated to be around $24.2 million in 2017. This is projected to decline with a negative CAGR of 5% in the forecast period 2018-2023. In the future, the RSUs market will become successful for a specific year 2021, which it will reach a value up to $21.7 million. In vehicle segment, passenger vehicles and commercial vehicles are two type of vehicles segment, among which passenger holds the maximum share in transportation vertical. The passenger vehicle market is expected to grow at a CAGR of 6.8% to register a value of $90.3 million by 2023. The commercial vehicles segment is expected to grow at a CAGR of 1.0% to reach register a value of $16.7 million by 2023.
Key players of the DSRC Technology Market
The major companies related to DSRC technology comprise of Kapsch Group, Norbit, Arada Systems, Savari, Codha Wireless among others. Kapsch Traffic AG is known to serve in the regions of Europe and America with applications such as High speed open road tolling, lane based ETC and HOT lanes, ITS safety and security services, etc. Cohda Wireless is known for designing of products and has its reach in the regions of Asia-Pacific and America, for its V2X communication application. Savari is established for serving in hardware and software solutions in application area of Safety and Tooling. In several years, DSRC Transceivers & Chipset suppliers had collaborated in the market to retain the opportunities emerging with on-going development of V2V market ecosystem.
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