Vehicle to Pedestrian (V2P) Communications Market - Forecast (2022 - 2027)
The global Vehicle to Pedestrian (V2P) Communications market size is forecast to reach $1,796.3 million by 2026, growing at a CAGR of 16.5% from 2021 to 2026. Growing automotive safety concerns along with rising rate of road accidents have been attributing towards the need for vehicle to pedestrian (V2P) communications. In addition, shift towards opting for cellular or dedicated short range communication technologies to improve vehicle communication as well as stringent regulatory mandates towards deploying advanced driver assistance systems have been also driving the need for V2P communication solutions. The need for providing vehicle data or information on real time basis along with surge in investments towards connected vehicles can impact the need for advanced in-vehicle systems in the long run. Moreover, growing adoption of advanced technologies like IoT, artificial intelligence and others towards improving vehicular communication standards, governmental regulations or initiatives...