Cooperative Vehicle Infrastructure System Market Analysis, Growth, Development and Demand Forecast Report 2030
The cooperative vehicle infrastructure systems are focused on curbing the traffic problems on roads by developing and designing new concepts to support the nearby road infrastructure that supports the nearby road infrastructure to enable communication services for both drivers and other road users. The goal of the CVIS is to recover the time wasted in traffic.
The AI-based infrastructure and in-vehicle platforms facilitate edge-based transportation systems, by enabling data collection and transmissions, real-time communication, and live data or image streaming from systems. They are equipped with sensors and cameras to provide situational analysis. It also facilitates strategic real-time decision-making and feedback through the cloud to provide intelligent traffic management, including dynamic traffic signal control for enhanced road safety.
Presently, connected and autonomous vehicles are gaining traction in the industry. The surging purchasing power of consumers and economic growth have resulted in rising consciousness of safe and efficient driving.
The big data and automation rule of the industry, along with the growing adoption of IoT and artificial intelligence are projected to propel the adoption of the cooperative vehicle infrastructure system.
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