The DSRC technology market was valued at US$ 1.4 billion in 2022 It is projected to reach US$ 16.9 billion, growing at a compound annual growth rate (CAGR) of 36.2% during the forecast period from 2024 to 2031. The Dedicated Short-Range Communication (DSRC) technology market is growing rapidly. This growth is fueled by advancements in intelligent transportation systems (ITS) and the rising adoption of connected vehicles. DSRC technology allows real-time communication between vehicles and infrastructure, improving road safety, traffic efficiency, and enabling features for autonomous driving.

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Market Segmentation

By Type

Active DSRC: Uses onboard units (OBUs) and roadside units (RSUs) for real-time communication.

Passive DSRC: Involves passive tags for communication, mostly in tolling applications.

By Transceiver

Onboard Unit (OBU): Installed in vehicles to enable communication.

Roadside Unit (RSU): Placed along roadsides to communicate with vehicles.

By Electromagnetic Spectrum

Microwave: Works in the 5.9 GHz band, commonly used for DSRC applications.

Infrared: Applied in specific scenarios that need short-range communication.

By Frequency Band

5.8 GHz: Commonly used for DSRC applications.

5.11 GHz: An alternative frequency band for DSRC communication.

Others: Including 5.9 GHz, depending on regional regulations.

By Vehicle Type

Passenger Vehicles: Regular vehicles equipped with DSRC technology.

Commercial Vehicles: Heavy-duty vehicles that use DSRC for fleet management and safety.

Aftermarket: DSRC devices added to existing vehicles.

Market Drivers

Government Initiatives: Support and funding for DSRC-based ITS projects.

Urbanization: Growing need for smart city solutions and efficient transportation systems.

Safety Concerns: Increasing demand for collision avoidance and traffic management systems.

Technological Advancements: Combining DSRC with other communication technologies like 5G.

Environmental Factors: Emphasis on reducing traffic congestion and emissions.

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Key Market Players

Qualcomm: Acquired Autotalks Ltd. to integrate DSRC and 5G-V2X into its Snapdragon Digital Chassis.

Kapsch Group: Conducted DSRC-enabled smart corridor trials in Australia and Spain.

Ficosa Internacional SA: Partnered with LeddarTech to include AI-based sensor fusion in ADAS.

Q-Free ASA: Launched Dynamic Signals solution for traffic signal security and control.

Cohda Wireless: Introduced MK6 platform supporting DSRC and other communication technologies.

Recent Developments

  -Qualcomm's Acquisition of Autotalks Ltd.: In June 2025, Qualcomm acquired Autotalks Ltd. This strategic move aims to embed DSRC and 5G-V2X into its Snapdragon Digital Chassis. This consolidation boosts the DSRC technology market by allowing OEMs to adopt real-time vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication more widely. 

  -Kapsch Group's Smart Corridor Trials: Kapsch Group's trials from May to June 2025 in Australia and Spain involved the deployment of DSRC-enabled smart corridors and traffic signal priority systems. These initiatives show how digitizing infrastructure is increasing the market share for companies focused on roadside units and traffic management technologies. 

  -Ficosa Internacional SA's AI-Based Sensor Fusion: In 2025, Ficosa Internacional SA partnered with LeddarTech to introduce AI-based sensor fusion into advanced driver assistance systems (ADAS). These systems rely on low-latency DSRC links for accurate pedestrian detection and intersection management. This partnership reinforces the growth of the DSRC technology market in safety-critical applications. 

  -Q-Free ASA's Dynamic Signals Solution: Q-Free ASA launched its Dynamic Signals solution in August 2025, focusing on traffic signal security and control. It secured contracts in Portugal and Slovenia to install roadside DSRC units and tolling systems. Security needs are becoming a key factor, influencing the growth of the DSRC technology market as public agencies and private companies seek secure deployments. 

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Benefits of the report- 

Comprehensive Market Insights: Provides an in-depth analysis of the DSRC technology market size, trends, and future growth opportunities.

Detailed Market Segmentation: Offers thorough segmentation by type, transceiver, frequency band, vehicle type, and region for targeted strategic planning.

Identification of Key Market Drivers: Highlights critical factors fueling market growth, helping stakeholders understand market dynamics.

Competitive Landscape Analysis: Profiles leading players with their product offerings, strategies, and recent developments to assist in competitive benchmarking.

Strategic Decision-Making Support: Equips businesses with actionable intelligence for investment, product development, and market entry strategies.

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Conclusion

The DSRC technology market is set for strong growth, driven by increasing demand for connected and autonomous vehicles. Advancements in communication technologies and supportive government initiatives are accelerating adoption worldwide. As key players innovate and expand, DSRC will play a crucial role in improving road safety and traffic management, making it a vital component of the future transportation ecosystem.

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