Socio-economic benefits of C-V2X to hit 43 Billion Euros by 2035

December 07, 2017 //By Jean-Pierre Joosting
Socio-economic benefits of C-V2X to hit 43 Billion Euros by 2035
5GAA has published a report, authored by Analysys Mason in conjunction with automotive consultancy SBD Automotive, which weighs up the benefits of cellular vehicle to everything (C-V2X) technology in Europe for delivery of vehicle-to-everything (V2X) communication.

The report conludes that net benefits that could be accrued in Europe are estimated to be in the range of EUR20 billion to EUR43 billion in 2035 (with the highest benefits coming from increased road safety, and traffic efficiency), across the four scenarios modelled.

The European Commission is currently undertaking a public consultation on deployment of cooperative intelligent transport systems (C-ITS) with the aim of developing policy on V2X, and use of the 5.9 GHz band, in the European Union

The most favourable scenario of those modelled in the study (amounting to EUR 43 billion net benefits) is where the potential for rapid penetration and economies of scale for C-V2X is maximised and both C-V2X and the Wi-Fi Standard IEEE 802.11p are able to co-exist in the 5.9 GHz spectrum band. Such benefits do not arise in a scenario where the use of IEEE 802.11p is mandated for C-ITS services, which would result in less than half these expected net benefits (EUR 20 billion).

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