V2X is widely considered an integral part of the future intelligent traffic system, and is expected to pave the way for fully autonomous driving.

The China Economic Consulting Corporation predicted in a white paper issued in late August that the scale of the global V2X market will reach 614 billion yuan by 2020, 200 billion of that in China.

The IoV deployment in Wuxi has just epitomized the city's remarkable results in the IoT industry over recent years. Besides transportation, multiple IoT deployments are already in a pilot run in a number of other fields ranging from manufacturing, environmental protection, healthcare, agriculture to education.