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Global Vehicle To Vehicle Communication Systems Industry 2019 Market Players (BMW, Ferrari, Audi, Suzuki, Volkswagen, Google X, Telsa, Honda Denso corporation, Traffic Corp) and 2023 Forecast Report

06-03-2019 12:10 PM CET | IT, New Media & Software

Press release from: Orian Research

Vehicle To Vehicle Communication Systems Market

Vehicle To Vehicle Communication Systems Market

Vehicle To Vehicle Communication Systems Market studies are networks in which vehicles and roadside units are the communicating nodes, providing each other with information, such as safety warnings and traffic information. They can be effective in avoiding accidents and traffic congestion. Both types of nodes are dedicated short-range communications (DSRC) devices.

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This report studies the Vehicle To Vehicle Communication Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Vehicle To Vehicle Communication Systems market by product type and applications/end industries.

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.

The forward and backwards collision detection system are key drivers for this V2V systems market which helps to prevent the accidents. The Blind spot informs the driver that vehicle is an adjacent side lane is located in driver’s blind zone and alerts to the driver about the presence car or vehicle these are on-going technologies in V2V communication systems.

Global Vehicle To Vehicle Communication Systems Market is spread across 131 pages, profiling 09 top companies and supported with tables and figures.

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Vehicle To Vehicle Communication Systems Industry Segment by Manufacturers:
• BMW
• Ferrari
• Audi
• Suzuki
• Volkswagen
• Google X
• Telsa
• Honda Denso corporation
• Traffic Corp

DSRC works in 5.9 GHz band with bandwidth of 75 MHz and approximate range of 300 m. Vehicular communications is usually developed as a part of intelligent transportation systems (ITS).

The key restraint of the market is high initial cost, which is hampering the growth of V2V systems. In terms of revenue, Asia Pacific is expected to account for significant market share by 2025. Prominent factors in the region include the presence of the world’s largest
automotive manufacturing and consumer market in China, followed by substantial number of initiatives in Japan, Australia, and South Korea. North America will witness the highest penetration of the technology.

The global Vehicle To Vehicle Communication Systems market is valued at 1650 million USD in 2017 and is expected to reach 2190 million USD by the end of 2023, growing at a CAGR of 4.8% between 2017 and 2023.

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Market Segment by Types can be divided into:
• OEM Devices
• Aftermarket Devices

Market Segment by Applications can be divided into:
• Traffic Safety
• Traffic Efficiency
• Infotainment
• Payments
• Others

Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

About Us
Orian Research is one of the most comprehensive collections of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate research offerings do not meet the specific requirements of our esteemed clients.

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