A new report from Juniper Research (www.juniperresearch.com) has revealed that, by 2022, 50% of new vehicles will be shipped with V2V (Vehicle-to-Vehicle) hardware, a technology that enables real-time short-range communication between vehicles.
The new research found that the total number of V2V-enabled consumer vehicles on the road will reach 35 million by 2022, up from less than 150,000 vehicles in 2017. This strong growth rate (376% CAGR) reflects the early stages of roll-out for V2V, but will still only represent 2.7% off all vehicles.
The technology, launched by Mercedes-Benz and Cadillac, will play an important role in the advance of autonomous vehicles, as the annual production of self-driving cars approaches 15 million by 2025. Juniper Research found that, alongside GPS, LiDAR (Light-Detection and Ranging) and road mapping, V2V will be amongst the critical technologies in delivering autonomous driving systems.
In order for V2V to be successful, the research found that OEMs must include cellular connectivity to provide OTA (Over-The-Air) firmware updates. It recommended that OEMs implement 5G technology at the earliest opportunity to benefit from these newly enabled services.
5G will play a pivotal role in the future of the V2X (Vehicle-to-Everything) communications, according to Juniper Research. Low latency, high bandwidth and wide coverage will be the key enabler of new services such as in-vehicle audio streaming and V2I (Vehicle-to-Infrastructure) services, such as safety and weather warnings for drivers. As the complexity of these services increases, Juniper estimates that future automotive technologies, including autonomous systems, could each consume up to 1 terabyte of data per day.
“For V2X to meet future expectations, development must continue on the premise that 5G will be the underlying connection,” says research author Sam Barker. “This will be underpinned by increasing cross-industry collaborations such as the 5G Automotive Association.”