The global [FURL=https://www.industryarc.com/Report/19624/dsrc-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]DSRC Market [/FURL] is estimated to surpass $167.1 million mark by 2026 growing at an estimated CAGR of more than 3.7% during the forecast period 2021 to 2026. Dedicated Short Range Communication (DSRC) technology is a two-way wireless communication protocol intended for swift transfer of information between various elements of transportation systems that includes automobiles and roadside infrastructure. Low Latency & High Reliability are among the key features of DSRC making it suitable for safety and transaction applications in mobility systems. Due to its enormous potential, US-DOT issued a proposed rule in December 2016 mandating installation of DSRC (5.9GHz) on light-duty vehicles. This mandate will prove to be a significant milestone in the development of V2V ecosystem in the country. If such implementation is successful in attaining safety objectives, a breakthrough will be witnessed in DSRC adoption across the regions developing Intelligent Transportation Systems (ITS). The sheer possibility of volume-based implementation in both light and heavy-duty vehicles is providing impetus to the creation of competent value chain for DSRC with several participating stakeholders offering a wide range of products and solutionsKey Takeaways
DSRC technology will be deployed in commercial vehicles for establishing communication link between commercial vehicle and infrastructure in order to monitor and track the location of equipment and cargo on real-time basis. DSRC technology is useful for roadside inspection of commercial vehicles such as measuring weight and vertical clearance in trucks and so on.
The prices of DSRC road side unit are higher as compared to DSRC on-board unit. According to AASHTO RSE, for 5.9GHz DSRC technology, the estimation for site deployment is around $17-18 while backhaul communication cost estimates approximately $4-40k with ongoing operations and maintenance costing about $2-3k per year.
Previously, first generation DSRC technology was opted which had 902-928MHz band. Second generation DSRC technology comprise of 5.9GHz that overcomes the disadvantages associated with 915MHz DSRC technology.
Mobility management is an umbrella term provided to myriad of safety and traffic management applications. Currently, 5.9GHz based DSRC for mobility applications are currently in initial phase of adoption in the U.S.
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DSRC Market Drivers
Growing Safety Concerns amidst Up Surging Road Casualties
Adoption of Smart Digital Tachograph in Commercial Vehicles
DSRC Market top 10 companies are Cohda Wireless, Kapsch, Arada Systems, Savari, Q-Free, Denso, Norbit, Efkon & Autostrad.
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