'Demand for Safer Roads' to Spur 277.5% CAGR in V2X Systems Through 2024, Says IHS

More than 11.2 million “light vehicles” equipped with “some form” of vehicle-to-everything (V2X) telematics systems will be produced globally in 2024, and will be 12 percent of the total “fleet,” said IHS Markit Thursday. It forecasts V2X systems will be embedded in roughly 15,000 vehicles this year, increasing at a 277.5 percent compound annual growth rate through 2024. Demand for safer roads and fewer vehicular fatalities will be a “major driving force for the implementation of enhanced connectivity,” said IHS. “In the debate over which technology V2X should be based on, dedicated short-range communications (DSRC) solutions lead the global automotive V2X market in the near term as it represents a proven technology with chips for system implementation readily available from several semiconductor companies.” U.S. leadership in DSRC took a blow two weeks ago when Toyota America told the FCC it would "pause its deployment" for lack of automotive industry cooperation and the uncertain "regulatory environment" around the 5.9 GHz band (see 1904290148). Now, the FCC may propose, perhaps this summer, a proceeding to look at sharing DSRC spectrum with W-Fi (see 1905150053).