Thursday, December 20, 2018

V2V vehicle market to reach 62 million units in 2023


By: ti inside  12/17/2018


Juniper has found that moving to 5G will streamline commercial deployments and interoperability, and predicted that the US will become the leading market for V2V deployments. The report predicts that more than 60% of new vehicles sold in the US will be compatible with V2V by 2023

In turn, the technology could prevent more than 9,300 deaths per year in the country, accounting for 1 in 4 motor vehicle deaths.

Author of the research Sam Barker commented: "The security benefits of V2V are clear, however, no incumbent technology can provide network conditions across the road network. 5G will be the leading technology for facilitating these automotive safety features, however, refresh rates for long vehicles, usually around 8 to 12 years, will prevent mass adoption. "

The survey also predicted that automotive OEMs will explore new strategies to generate revenue in addition to the sale of vehicles, including vehicle signatures. Juniper said that in addition to leveraging 5G networks, automakers should open up their ecosystems in vehicles to third parties to accelerate the development of new and emerging automotive vehicles. revenue streams.

A new report from Juniper Research revealed that more than 62 million vehicles will be capable of V2V (Vehicle-to-Vehicle) communication by 2023; rising from just over 1.1 million in 2019. This represents an average annual growth rate of 173% over these 4 years. V2V solutions enable low latency communications between vehicles, primarily for driver safety purposes.

The new study, "Consumer Connected Cars: Telematics, Vehicle Applications, and Connected Cars Trade 2018-2023" found that 5G network deployments, scheduled for launch next year, will be the main accelerator behind the expansion of V2V communications. It predicted that automotive OEMs will gravitate toward 5G for V2V communication over other technologies; due to its lower latency and high range.

60% of new vehicle sales in the US will be capable of V2V by 2023

Juniper has found that moving to 5G will streamline commercial deployments and interoperability, and predicted that the US will become the leading market for V2V deployments. The report predicts that more than 60% of new vehicles sold in the US will be V2V compatible by 2023.

In turn, the technology could prevent more than 9,300 deaths per year in the country, accounting for 1 in 4 motor vehicle deaths.

Author of the research Sam Barker commented: "The security benefits of V2V are clear, however, no incumbent technology can provide network conditions across the road network. 5G will be the leading technology for facilitating these automotive safety features, however, refresh rates for long vehicles, usually around 8 to 12 years, will prevent mass adoption. "

5G

The survey also predicted that automotive OEMs will explore new strategies to generate revenue in addition to the sale of vehicles, including vehicle signatures. Juniper said that in addition to leveraging 5G networks, automakers should open up their ecosystems in vehicles to third parties to accelerate the development of new and emerging automotive vehicles. revenue streams.
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