openPR Logo
Press release

Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow significantly

05-11-2018 11:01 AM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular cloud computing helps in managing traffic congestions by providing access to library of maps and shortcuts and enhanced security.

Global V2V/V2I Market size is rapidly evolving due to factors such as adoption of advanced technology for development of connected vehicles and rise in government funds for enhanced traffic management. For instance, in 2015, the government of UK invested USD 217 million for the development of connected vehicles. Rapid urbanization and globalization results into enhanced traffic on the roads causing traffic congestions and accidents. Hence, the adoption of V2V and V2I technology assists the drivers to better control the vehicles by obtaining information regarding height of an upcoming bridge, nearby vehicles or an obstacle in the road.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2520


The major factors driving the V2V/V2I market include development in wireless technology, increasing roadways communication infrastructure, sharing of vehicle information and growing awareness for driver’s safety. The use of smart connected technologies such as IoT, sensors and GPS in the V2V and V2I technology proves to be an effective tool for fleet management as the drivers get real time information regarding traffic congestions. This assists in increasing traffic efficiency, reduction in transport time, fuel consumption and environmental pollution.

OEMs are coordinating with government agencies to form even communication standards across all regions. These companies encourage the government to develop standard regulatory norms for the technology adoption. For instance, in 2017, the National Highway Traffic Safety Administration (NHTSA) of USA published a proposal to require all new vehicles to be equipped with V2V and V2I capabilities. To fulfill this project the NHTSA is working major automotive industry players such as Delphi Automotive, General Motors and Denso Corp., to develop effective vehicle to vehicle information transmission technology.

However high operating costs and huge initial investment are the factors restraining the growth of V2V/V2I market. Moreover, the developing countries lack cellular connectivity platform and advanced infrastructure which imposes a major barrier for the acceptance of the smart communication technologies in these regions. The security of huge data generated by the vehicles also acts as a barrier as this data needs to be stored in cloud platforms with high storage capability. Hence, security and data privacy concerns and standardization of protocol are some of the factors having a negative impact on the V2V/V2I market growth.

North America especially the US dominates the V2V/V2I market due to the significant initiatives taken by the government and the increasing demand for connected car technology. The U.S. auto manufacturers and technology firms have been coordinating on V2X communication 5G network standards. They are striving to work together and cooperate with government to formulate policies that facilitate software development and road testing thus enhancing consumer safety.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2520

Europe is anticipated to witness the fastest growth rate over the forecast period owing the presence of numerous market giants and various projects undertaken by the government. The companies have been engaged into partnerships and collaborations to bring about various reformations in the smart transportation services. For instance, in January 2017, Parkopedia partnered with Volkswagen to launch a new product HAD Parking Maps to provide its customers detailed information on parking spaces. Asia Pacific will hold a significant market share by 2025 due to the development of large number of transportation initiatives in Japan, India and Australia and the presence of largest number of automotive manufacturers in China.

The V2V/V2I market is fragmented with the presence of a substantial number of players. Some of the players present in the market are General Motors, Volkswagen, Delphi Automotive LLP, Audi, BMW, Daimler AG, Toyota Motor Corporation and Volvo Cars.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow significantly here

News-ID: 1047136 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for V2V

2022 Automotive V2V / V2I Technologies Market | Detailed Report
Global Automotive V2V / V2I Technologies Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5339869 The
Vehicle-To-Vehicle (V2V) Communication Market Size | Growth, Share, Industry Ana …
In 2018, the global Vehicle-To-Vehicle (V2V) Communication market size was 190 million US$ and it is expected to reach 3810 million US$ by the end of 2025, with a CAGR of 45.8% between 2019 and 2025. 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
Vehicle-To-Vehicle (V2V) Communication Market Growth, Production, Suppliers, For …
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
Vehicle-To-Vehicle (V2V) Communication Market is Anticipated to Show Growth by 2 …
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
Worldwide Technology: Vehicle-To-Vehicle (V2V) Communication Market 2018
Qyresearchreports include new market research report "Global Vehicle-To-Vehicle (V2V) Communication Market Research Report 2018" to its huge collection of research reports. A holistic and detailed overview of the global Vehicle-To-Vehicle (V2V) Communication market that includes information derived from utilizing various quantitative and qualitative analysis techniques has been compiled in this latest market report. This compilation offers its readers a great overview of the Vehicle-To-Vehicle (V2V) Communication market during a forecast period
Vehicle-To-Vehicle (V2V) Communication Market to surpass US$ 3.83 billion by 202 …
The “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 (U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, ASEAN countries, GCC, Israel, South Africa) – Global Forecast to 2025” is estimated to be