Home » Automotive, Business, Europe, UK » Vehicle to Vehicle (V2V) Communication Market: Industry Analysis Report, outlook, Growth, and Forecast, 2016 – 2023
North America, predominantly the U.S. vehicle to vehicle communication market dominated global demand in 2015. Europe is likely to witness highest gains over the forecast period. Asia Pacific, Latin America and the Middle East are likely to witness moderate growth rates over the forecast period

Vehicle to vehicle (V2V) communication market size was estimated at over USD 15 billion in 2015 and is likely to witness gains at an estimated CAGR of more than 5% up to 2023.

It is expected that connected car market production would reach around 2 million units by 2020 in UK with penetration rate of more than 95%. This presents immense opportunities for suppliers and OEMs, especially with production facilities in the UK as a technological hub. In addition, the UK government has also declared to fund USD 217 million in order to develop connected and autonomous vehicle technology till 2015. 

V2V communication market includes a transmitter and receiver that help the cars to broadcast the brake status, speed, position, steering-wheel position and other data to other vehicles within a range of few hundred meters. Connected vehicles could make use of the information in order to build in depth depiction of what’s unfolding around them, enlightening any sort of danger and alerts the driver, or the best sensor system, would miss or fail to anticipate. The aforementioned factors are responsible for driving vehicle to vehicle communication market size from 2016 to 2023.

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Increasing traffic efficiency with traffic congestion control which results in reduced transport time, fuel consumption and thus contributing to improving the environment is likely to positively impact the industry growth over the forecast period. Furthermore, impending clash with pedestrians or bicyclists carrying a smart phone could also be avoided, as constant signals between vehicles and smart phones warns the driver even if the roadway conditions impair driver vision.

Connected vehicles would generate huge amounts of data if consumers choose to share it. This has the potential to open up a range of opportunities for consumer engagement and indeed monetization for the data owner. This will become a source of competitive advantage for OEMs, technology companies and insurers as well as supporting automated traffic flow management. The long term goal of vehicle to vehicle communication market is to introduce the driverless cars.

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Global vehicle to vehicle communication market can be segmented on the basis of devices which include OEM device, aftermarket device and infrastructure base device. The OEM device offers highly accurate information using in-vehicle information to generate the basic safety message. In addition, aftermarket devices are used to alert the driver of a vehicle similar to those provided by an OEM installed. The market can be further segmented on the basis of geography which includes North America, Europe, Asia Pacific, Latin America and MEA.

This latest Vehicle To Vehicle (V2V) CommunicationMarket research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Vehicle To Vehicle (V2V) CommunicationMarket industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Report, “Vehicle To Vehicle (V2V) Communication Market Size, Industry Outlook Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Technology Development, Competitive Landscape & Forecast, 2016 – 2023.” in detail along with the table of contents.

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Key Insights in this Report

  • Global Vehicle To Vehicle (V2V) CommunicationMarket size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Vehicle To Vehicle (V2V) Communication Market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles


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