Socio-economic benefits of C-V2X to hit 43 Billion Euros by 2035
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).
The study also indicates benefits of C-V2X for the European market lie in its deployment flexibility, with the ability to provide coverage for both short range and wide area applications, and certainty of future evolution to 5G, potentially facilitating earlier deployment as well as after-market deployment (for example, V2X services provided in vehicles via a smartphone or other after-market device with C-V2X connectivity).
Reduced infrastructure deployment costs are a further key benefit of C-V2X, from the potential to re-use existing mobile infrastructure, and thus leveraging cellular technology integration and economies of scale, rather than building independently operated roadside infrastructure.
Christoph Voigt, 5GAA Chairman comments: “C-V2X will be fundamental to the deployment of cooperative intelligent transport systems. The benefits highlighted is this report indisputably demonstrate that this technology will lead to major improvements in driving and road safety. It further highlights that the European Commission should take a technology neutral approach and not limit these benefits by mandating the use of the Wi-Fi standard IEEE 802.11p”
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