Vehicle-to-Vehicle Communication (V2V) Market Grow at CAGR of 26.7% by 2027 | Toyota, Daimler AG, Mercedes-Benz, Audi, Denso Corporation

According to Coherent Market Insights latest report by Vehicle-to-Vehicle Communication (V2V) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global vehicle-to-vehicle (V2V) communication market was valued at US$ 1,152.3 billion in 2018 and is expected to reach US$ 8,990.6 billion by the end of 2027, growing at a CAGR of 26.7% between 2019 and 2027

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Market Overview

Vehicle-to-Vehicle Communication (V2V) is the transmission of data between two or more independently coupled systems using wireless technologies. Vehicle tracking is the most popular and maybe underutilised application for V2V communication. The Global Positioning System is used by most tracked vehicles to communicate their whereabouts to a central GPS database. When it comes to regional influence, North America is gaining traction since it is a leader in advanced technology adoption, with pertinent rules requiring the usage of V2V communication technology. Furthermore, the strong rise of the regional automobile sector appears to be a favourable indicator for Europe.

Significant loss of life and property as a result of road accidents, particularly those caused by human mistake, is predicted to drive demand for technology that might prevent or minimise the frequency of accidents. V2V communication is a technology that combines Dedicated Short Range Communications (DSRC) with traffic safety features like hazardous location warnings, sudden stop warnings, lane assistance systems, and approaching ambulances, fire trucks, and police cars to significantly reduce human errors.

Another key factor aiding the development of the market in discussion is rapidly increasing traffic congestion. Many large cities across the globe are witnessing a massive problem of traffic congestion, which ultimately leads to increased pollution, fuel wastage, and extended time in traffic. V2V communication can aid in reducing traffic congestion by allowing vehicles to transfer data on their position.

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Global Vehicle-to-Vehicle Communication (V2V) Market: Competitive Landscape

· Toyota
· Daimler AG
· Mercedes-Benz
· General Motors
· 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.

Global Vehicle-to-Vehicle Communication (V2V) Market Segmentation:

By Connectivity Type (Cellular based technology, and DSRC)

By Deployment Type (OEM devices, and Aftermarket devices)

By Application (Traffic Safety, Traffic efficiency, Infotainment, payments and other applications)

By End-use (Passenger Cars, and Commercial Vehicles)

Fastest Growing Regional Analysis -

Geographically, the Vehicle-to-Vehicle Communication (V2V) market is separated into regions such as North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The research covers all from manufacturing and customer shares to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological improvements, R&D, organization growth, economic growth, and a strong market presence in every region. The report covers a detailed analysis for each major regional market across the globe and provides future outlook predictions for the same.

· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East
· Africa

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The analysis objectives of the report are:

· To determine the size of the global Vehicle-to-Vehicle Communication (V2V) market by identifying its sub-segments.

· To research and analyze the major players' growth strategies.

· To examine the size and value of the global Vehicle-to-Vehicle Communication (V2V) market in relation to key regions.

· To examine the global Vehicle-to-Vehicle Communication (V2V) market in terms of growth trends, prospects, and their overall engagement in the industry.

· To investigate the global Vehicle-to-Vehicle Communication (V2V) market size (volume and value) from the perspective of the company, key regions/countries, goods and applications, and historical data.

· Primary across the entire world To define, clarify, and analyse the product sales quantity, value, and market share, market rivalry landscape, SWOT analysis, and future development plans for global Vehicle-to-Vehicle Communication (V2V) Market producing businesses.

· Examine competition developments like as expansions, partnerships, new product launches, and acquisitions on the market.

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This release was published on openPR.