DSRC Technology Market - Forecast (2021 - 2026)
DSRC has been widely used because of some unique properties such as low latency and high reliability. The United States Federal Communications Commission (FCC) allocated 75 MHz of spectrum in the 5.9 GHz band to be employed for vehicle to vehicle and vehicle to infrastructure communication. In addition, European Telecommunications Standards Institute (ETSI) allocated 30 MHz of spectrum in the 5.9 GHz band. The overall market of DSRC On-board units and roadside units in the year 2017 amounted to be $100.6m. Also, the global DSRC market for passenger vehicle was estimated to be $60.7m in the same year and is estimated to grow at a CAGR of 6.8% for the forecast period. Government support, regulations, and increasing awareness for safety measures will drive the DSRC market. Request Sample What is DSRC Technology? DSRC is a short to medium range wireless communication technology which allow the vehicle to communicate with other automobiles or infrastructures. Even under extreme weather con...