Forecasting the uptake of V-C2X, the progress of V2X, and predicting the demise of DRSC

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Connected Cars Surge as 5G Picks Up Speed

  • Global number of connected cars accelerates to 829m in 2030, almost half of the existing global car fleet
  • Connectivity revenues up 4X to $244bn by 2030
  • If operators you are not partnered or strategically aligned with a connected car offering your business should accelerate into this space now
  • Growth in North America will accelerate rapidly.
  • Europe will pick up closely behind if you miss the North America opportunity to get into the market.
  • APAC operators have some time to align themselves to gain revenues in this space, but not long
  • Insurance will be major revenue drivers
  • Cellular V2X picks up at the expense of DSRC, which becomes extinct

 

 

 

Car connectivity will accelerate over the next 7 years and reach 829 million, triple the 279 million of 2022, as old models are retired and embedded mobile network access becomes standard on ever more vehicles rather than just luxury models. Revenues derived from car connectivity will increase even more sharply and quadruple to $244 billion by 2030, as 5G access becomes increasingly prevalent to deliver added value services such as Ultra HD streaming and more ADAS (Advanced Driver Assistance System) features.

These findings come from the latest Wireless Watch Research report and forecast on the connected car market, exploring its evolution from now until 2030 by region with a drilldown into eight countries in the vanguard of this field, or where the most rapid growth will occur.

The report defines car connectivity as internet access over a public cellular network via an embedded SIM in the vehicle, rather than just a user’s smartphone tethered to satellite navigation system. A growing number of vehicles will also have local V2X (Vehicle to Everything) connectivity, which is increasingly the cellular variant C-V2X, rather than the earlier version derived from WiFi known as DSRC or ITS-G5. Wireless Watch Research predicts that DSRC will be virtually extinguished in all leading markets by 2030, never having got off the ground at all in China.