How Big Will the Connected Vehicle Market Be?

Via Fleet Owner

One reason the connected vehicle market is such a big deal is, according to the Department of Transportation, the vehicle-to-external communications (V2X) technology could help prevent 70% to 80% of vehicle crashes.

And that’s why we should see an explosion in market demand for such technology, argues Sam Abuelsamid, senior research analyst with Navigant Research, in a new report.

“Connected vehicles have enormous potential to provide drivers with increased situational awareness of upcoming hazards and congestion,” he explained in Navigant’s latest study on the topic.

“Automakers and governments are striving to meet consumer demands for safer cars with lower emissions and energy consumption,” Abuelsamid said. “This push is driving the development of a number of crucial technologies, including electrification and automated driving systems that rely on real-time data to vehicles, drivers, and pedestrians, through connected vehicle systems as V2X.”

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