Vehicle to Vehicle (V2V) Communication Market – Overview
The wireless data transmission between motor vehicles is expected to create benefits for the vehicle to vehicle communication market Reports that assess the information and communication technology industry have been made available by Market Research Future which generates reports on several industry verticals that analyze the market growth and prospects. The market is geared to achieve USD 24 billion while expanding at a 6 % CAGR in the forecast period.
Advanced infrastructural availability is expected to create considerable traction for the vehicle to vehicle communication market. The enhanced level of traffic control and safety provided by the use of vehicle to vehicle communication is expected to boost the development of the market in the forecast period. Moreover, the platform-independent and cost-efficient benefits of vehicle to vehicle communication is expected to bolster market development in the upcoming period.
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The segmental analysis of the vehicle to vehicle communication market is carried out on the basis of technology, type, application, and region. By technology, the vehicle to vehicle communication market is segmented into smart sensors and big data analytics. On the basis of type, the vehicle to vehicle communication market is segmented into Aftermarket Devices, OEM devices, and Infrastructure Based Devices. Based on application, the vehicle to vehicle communication market is segmented into group talk service and traffic management system. Based on regions, the vehicle to vehicle communication market is segmented into Asia Pacific, North America, Europe and the rest of the world.
The foremost competitors in Vehicle to Vehicle (V2V) Communication Market are Audi (Germany), Daimler AG (Germany), General Motors (U.S.), Volvo Cars (Sweden), BMW (Germany), Toyota Motor Corporation (Japan), Qualcomm Technologies, Inc. (U.S.), AutoTalks Ltd (Israel), Volkswagen (Germany), Delphi Automotive LLP (U.K.) among others.
Detailed Regional Analysis
The regional examination of the vehicle to vehicle communication market encompasses regions such as Asia Pacific, North America, Europe and the rest of the world. It has been noticed that the North American region is projected to be responsible for the principal segment of the market, while the European region is expected to expand at the fastest rate throughout the forecast period. The chief growth in the vehicle to vehicle communication market in the North American region is accredited to the technical progress and growing awareness about road safety in the region.
An invigorated growth pace is perceived in the market due to the supportive result applied both inside and outwardly by noteworthy driving aspects. The progress of the product portfolio is inspiring the elasticity of the demand in the market. The budgetary factors in the overheads of the competitors in the market are becoming more active. The working environment in the market is steering the market to industrious growth. Also, the mounting business needs in the market are forming an advantageous backdrop for change. The factors for transformation are inspiring the progress of the market. The proficiency of the market is supported by the functional nature of the assets prevailing in the market. The dedication to dealing with the difficulties in the market by the contestants has noticeably improved in recent times. Also, the development in the economic environment is anticipated to lift the development in the market.
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April 2019 Volvo Cars are making its revolutionary, industry-first connected vehicle warning system technology which will be offered across Europe as another step in its ‘Vision Zero’ aims to improve traffic safety. The vehicle-to-vehicle (V2V) technology will allow Volvo cars to connect and warn drivers of nearby slippery road conditions and hazards via a cloud-based network. The systems will be deployed to Volvo drivers across Europe as they will come as standard features on all new 2020 model year cars and can be retrofitted on selected earlier models.
- Technology Investors
- Research/Consultancy Firms
- Infrastructure Providers
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
LIST OF TABLES
TABLE 1 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 2 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 3 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 4 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY REGIONS
TABLE 5 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY (%)
FIGURE 3 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE (%)
FIGURE 4 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION (%)
FIGURE 5 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY REGIONS (%)
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