According to a new market report published by Lucintel, the future of the global vehicular communication market looks promising with opportunities in the passenger cars, commercial vehicle, and electric vehicles markets. The global vehicular communication market is expected to reach an estimated $18.3 billion by 2024 with a CAGR of 19% from 2019 to 2024. The major drivers for this market are growing concern for better traffic management, rising demand for real-time traffic congestion control for passenger safety, and increasing use of artificial intelligence in vehicles.
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