Global Vehicle-To-Vehicle (V2V) Communication Market, By Connectivity Type (Cellular based technology, DSRC), By Deployment Type (OEM devices, Aftermarket devices), By Applications (Traffic Safety, Traffic efficiency, Infotainment, payments and other applications), By End-use (Passenger Cars, Commercial Vehicles) and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Vehicle-To-Vehicle (V2V) Communication Market: Automotive Technology That Enhances Driver and Passenger Safety

According to the global status report on road safety 2015 by WHO, the total number of fatalities in road accidents had plateaued at 1.25 million per year, across the globe (180 countries specific). Number of road accidents have witnessed considerable decline over the last few years, however, remain a primary concern owing to the considerable loss of property and human lives. Moreover, according to the International Organization for Road Accident Prevention, around 90% of the road incidents are owing to the human induced errors that includes rash driving, loss of alertness while driving and changing lanes without signaling among many others.

Adoption of V2V communication can be utilized to overcome human errors and reduce the road accidents by over 75%

U.S. Department of Transportation is in the process of adopting the technology to allow vehicles to communicate with each other and prevent collisions, since 2014. The government agency also estimates that this could help the government reduce around 80% of the road accidents every year, which excludes the cases of mechanical failures and drunk drivers in the country. According to Coherent Market Insights analysis, the stats are similar around the globe, and may help to considerably reduce the number of incidents and property losses. This is expected to be the most prominent factor that will fuel growth of the V2V communication market through the forecast period.

The global V2V communication market is estimated to be valued at US$ 582.5 million in 2020 and is expected to witness a CAGR at 45.8% during the forecast period of 2020 to 2025.

Figure 1. Global V2V Communication Market, Key Industry Trends

v2v communication market

Source: NHTSA, DoT, Coherent Market Insights Analysis (2017)

Vehicle-to-vehicle (V2V) communication is expected to be the key component of the future autonomous vehicle driving systems in the near future

In May 2016, a 40-year old man met with a fatal accident in his autonomous car produced by Tesla, which crashed into a tractor trailer when taking turn. The cause of the accident was supposed to be the lack of the camera to detect the object because of non-malicious/natural blinding. The outcome of the incident would have been different if both the vehicles had deployed the car to car to communication systems, and the Autopilot would have been aware of the truck’s location, speed, and its level of threat. Even if the truck lacked these systems, the surrounding cars could have relayed the data and enhanced the safety of the user. Thus, the future of the autonomous vehicle safety, is largely reliant on the propagation of these systems, and the requirement to propel the innovation in the automotive sector, V2V communication market is expected to gain substantial impetus through the forecast period.

Passenger cars are expected to dominate the end use segment of the V2V communication market through 2025

Passenger cars currently dominate the overall automotive market in terms of volume in almost all the major countries around the globe. Moreover, pilot projects conducted by industry participants, and the current deployment are majorly focused on the passenger cars. Moreover, the regulatory bodies have emphasized the importance of V2V communication in passenger cars and light vehicles such as the U.S. DoT and the NHTSA. Thus, passenger cars are expected to dominate the end use segment over the coming years. Some OEMs have started offering automotive enabled with these systems, which include Toyota, Daimler AG, and General Motors.

Some of the key industry participants in the V2V communication market are Daimler AG, Toyota, Delphi Automotive PLC, Harman International Industries, Inc., Mobileye NV, Ford Motor Co., Honda, Nissan, Volkswagen, Audi, Hyundai, and Kia. Industry participants are increasingly emphasizing on the development of the cellular based systems and commercialization of the 5G technology to support the efficiency of these systems.

V2V Communication technology refers to the systems that enable communication of automotive with each other to provide improved awareness of the surrounding environment and information regarding the future actions of the nearby vehicles. This helps in the elimination of accident threats from the blind spots and enhances user safety. Owing to the high number of incidents occurring due to human errors that can be significantly reduced with the utilization of these systems, V2V communication market is expected to witness strong growth prospects during the forecast period.

Market Dynamics

Prominent drivers of the V2V communication market include the enhanced safety through avoidance of collisions due to number of unprecedented threats that can be identified by these systems and human errors. However, the industry growth is expected to considerably challenged by the number of differences between the industry participants with respect to the adoption of common standards and the requirement of the all the vehicles to adopt uniform communication standards. These systems cannot ensure the user safety until most vehicles adopt similar transmission equipment, for the efficiency of the information exchange. Thus, proliferation of the technology is expected to be largely dependent on the establishment of the regulatory standards to mandate the installation of car to car communication systems. However, industry participants can garner growth if they establish consensus on similar standards for the deployment over the next few years.

Market Taxonomy

This report segments the global V2V communication market on the basis of connectivity type, deployment type, applications, and end use. On the basis of connectivity, the global V2V communication market is classified into DSRC, and cellular based technologies. Deployment type of V2V communication include installations in OE and aftermarket. V2V communication market application segment includes traffic safety, traffic efficiency, and infotainment, payment and other applications. On the basis of the end use, V2V communication market is segmented into passenger cars and commercial vehicles.

Key features of the study:

  • This report provides an in-depth analysis of V2V communication market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 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 approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global portable printer 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 Daimler AG, Toyota, Delphi Automotive PLC, Harman International Industries, Inc., Mobileye NV, Ford Motor Co., Honda, Nissan, Volkswagen, Audi, Hyundai, and Kia.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion 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 V2V Communication Market, By Connectivity Type:
    • Cellular based technologies
    • DSRC
  • Global V2V Communication Market, By Deployment Type:
    • OEM devices
    • Aftermarket devices
  • Global V2V Communication Market, By Applications:
    • Traffic safety
    • Traffic efficiency
    • Infotainment, payments and other applications
  • Global V2V Communication Market, By End Use:
    • Passenger Cars
    • Commercial Vehicles
  • Global V2V Communication Market, By Geography:
    • North America
      • By Deployment Type:
        • OEM devices
        • Aftermarket devices
      • By Applications:
        • Traffic safety
        • Traffic efficiency
        • Infotainment, payments and other applications
      • By End Use:
        • Passenger Cars
        • Commercial Vehicles
      • U.S.
      • Canada
    • Europe
      • By Deployment Type:
        • OEM devices
        • Aftermarket devices
      • By Applications:
        • Traffic safety
        • Traffic efficiency
        • Infotainment, payments and other applications
      • By End Use:
        • Passenger Cars
        • Commercial Vehicles
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • By Deployment Type:
        • OEM devices
        • Aftermarket devices
      • By Applications:
        • Traffic safety
        • Traffic efficiency
        • Infotainment, payments and other applications
      • By End Use:
        • Passenger Cars
        • Commercial Vehicles
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • By Deployment Type:
        • OEM devices
        • Aftermarket devices
      • By Applications:
        • Traffic safety
        • Traffic efficiency
        • Infotainment, payments and other applications
      • By End Use:
        • Passenger Cars
        • Commercial Vehicles
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East
      • By Deployment Type:
        • OEM devices
        • Aftermarket devices
      • By Applications:
        • Traffic safety
        • Traffic efficiency
        • Infotainment, payments and other applications
      • By End Use:
        • Passenger Cars
        • Commercial Vehicles
      • GCC
      • Israel
      • Rest of Middle East
    • Africa
      • By Technology:
        • Thermal Printer
        • Inkjet Printer
        • Impact Printer
      • By Output Type:
        • Barcode, Labels and Ticketing
        • Receipts
        • Documents & Others
      • By End User Industry:
        • Retail
        • Transportation & Logistics
        • Hospitality
        • Manufacturing
        • Others
      • Central Africa
      • South Africa
      • North Africa
  • Company Profiles
    • General Motors*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Daimler AG
    • Toyota
    • Delphi Automotive PLC
    • Harman International Industries, Inc.
    • Mobileye NV
    • Ford Motor Co.
    • Honda
    • Nissan
    • Volkswagen
    • Audi
    • Hyundai
    • Kia
  • Available Customizations
    • V2I Market
    • V2X Market
    • Parking Management Systems Market
    • Intelligent traffic System Market

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Connectivity Type
      • Market Snippet By Types of V2V devices
      • Market Snippet By Applications
      • Market Snippet By End Use
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
        • U.S.
        • Europe
        • RoW
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global V2V Communication Market, By Connectivity Type, 2016 - 2025 (USD Million)
    • Introduction
      • Segment Trends
      • DSRC
        • Applications
        • Drawbacks
        • Recent Developments
      • Cellular based technologies
        • Applications
        • Drawbacks
        • Recent Advancements
    • Comparison of DSRC and Cellular based technologies
      • Cost based comparison
      • Technology feasibility
      • End use market acceptance across different regions
  5. Global V2V Communication Market, By Deployment Type, 2016 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • OEM devices
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Aftermarket devices
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
  6. Global V2V Communication Market, By Applications, 2016 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Traffic Safety
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Traffic Efficiency
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Infotainment, payments and other applications
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
  7. Global V2V Communication Market, By End Use, 2016 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
  8. Global V2V Communication Market, By Regions, 2016 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2025 (%)
      • Y-O-Y Growth Analysis, For Regions, 2015 - 2025
    • North America
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By Applications, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By End Use, 2015 - 2025 (USD Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By Applications, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By End Use, 2015 - 2025 (USD Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By Applications, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By End Use, 2015 - 2025 (USD Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By Applications, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By End Use, 2015 - 2025 (USD Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • Brazil
        • Mexico
        • Rest of Latin America
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By Applications, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By End Use, 2015 - 2025 (USD Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • South Africa
        • Central Africa
        • Northern Africa
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Deployment Type, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By Applications, 2015 - 2025 (USD Million)
      • Market Size and Forecast, By End Use, 2015 - 2025 (USD Million)
      • Market Share Analysis, By Country, 2015 and 2025 (%)
        • GCC Countries
        • Israel
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • General Motors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Daimler AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Toyota
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Delphi Automotive PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Harman International Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mobileye NV
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ford Motor Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Honda
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nissan
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Volkswagen
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Audi
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hyundai
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kia
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact
    • Available Customizations
      • V2I Market
      • V2X Market
      • Parking Management Systems Market
      • Intelligent traffic System Market

*Browse 90 market data tables and 45 figures on "V2V Communication Market - Global forecast to 2025”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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