Vehicle-to-vehicle (V2V) communication enables vehicles to wirelessly exchange information about their speed, location, and heading. Vehicle-to-vehicle communication (V2V) is a type of wireless communication technology that enables vehicles to share information with one another in real-time. With the aid of this technology, vehicles can communicate with one another and exchange data about their location, speed, direction, and other vital details that can enhance road efficiency and safety.
Market Dynamics:
One of the primary factors driving growth of the Vehicle to vehicle (V2V) communication market includes enhanced safety through avoidance of collisions that can be identified by these systems. However, the industry growth is expected to be considerably hindered by the lack of adoption of uniform communication standards. These systems cannot ensure user safety until most vehicles adopt similar transmission equipment, for efficiency of information exchange. Thus, proliferation of the technology is expected to be largely dependent on the establishment of the regulatory standards to mandate installation of car to car communication systems.
Key features of the study:
- This report provides in-depth analysis of V2V communication market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year.
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global V2V communication market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Audi, Autotalks Ltd, Cisco Systems Inc., Delphi Automotive PLC, Denso Corporation, Ford Motor Co., General Motors, Harman International Industries Inc., Infineon Technologies AG, Kapsch TrafficCom (Kapsch), Lear Corporation, Mercedes-Benz, Qualcomm Technologies Inc., Savari Inc., and Toyota Vacaville
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansions, and marketing tactics
- The global V2V communication market report caters to various stakeholders in this industry including investors, suppliers, OEM manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the V2V communication market
Detailed Segmentation:
- Global Vehicle to vehicle (V2V) communication Market, By Connectivity Type:
- Cellular based technologies
- DSRC
- Global Vehicle to vehicle (V2V) communication Market, By Deployment Type:
- OEM devices
- Aftermarket devices
- Global Vehicle to vehicle (V2V) communication Market, By Application:
- Traffic safety
- Traffic efficiency
- Infotainment, payments and other applications
- Global Vehicle to vehicle (V2V) communication Market, By End-use:
- Passenger Cars
- Commercial Vehicles
- Global Vehicle to vehicle (V2V) communication Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
- Company Profiles:
- Audi
- Autotalks Ltd
- Cisco Systems Inc.
- Delphi Automotive PLC
- Denso Corporation
- Ford Motor Co.
- General Motors
- Harman International Industries Inc.
- Infineon Technologies AG
- Kapsch TrafficCom (Kapsch)
- Lear Corporation
- Mercedes-Benz
- Qualcomm Technologies Inc.
- Savari Inc.
- Toyota Vacaville
