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Vehicle To Vehicle Communication Market Report 2023 - Demand, Trends, Size And Forecast To 2032 | General Motors, Daimler AG, Toyota Motor Corporation, Volkswagen Group, Harman International Industries
Vehicle To Vehicle Communication Market
Vehicle To Vehicle Communication Market Size, Growth Rate, And Forecast
The global vehicle-to-vehicle (V2V) communication market size grew from $20.01 billion in 2022 to $23.19 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vehicle-to-vehicle (V2V) communication market size is expected to grow to $37.19 billion in 2027 at a CAGR of 12.5%.
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Vehicle To Vehicle Communication Market Drivers
Growing concern for road safety is expected to propel the growth of the vehicle-to-vehicle communications market going forward. Road traffic injuries cause considerable damage to infrastructure and human lives as well as economic losses to individuals, their families, and nations.
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Vehicle To Vehicle Communication Market Segments
• By Vehicle Type: Passenger Cars, Commercial Vehicles.
• By Connectivity: Dedicated Short-Range Communication (DSRC), Cellular.
• By Deployment Type: Original Equipment Manufacturer (OEM) Devices, Aftermarket Devices.
• By Application: Traffic Safety, Traffic Efficiency, Infotainment, Payments, Other Applications.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Vehicle To Vehicle Communication market.
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Vehicle To Vehicle Communication Market Key Players
Major competitors in the vehicle to vehicle communication market include General Motors, Daimler AG, Toyota Motor Corporation, Volkswagen Group, Harman International Industries, Mobileye, Ford Motor Company, Bayerische Motoren Werke AG.
The Business Research Company's "Global Vehicle To Vehicle Communication Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Vehicle To Vehicle Communication Market Include:
1. Executive Summary
2. Vehicle-to-Vehicle (V2V) Communication Market Characteristics
3. Vehicle-to-Vehicle (V2V) Communication Market Trends And Strategies
4. Vehicle-to-Vehicle (V2V) Communication Market - Macro Economic Scenario
5. Vehicle-to-Vehicle (V2V) Communication Market Size And Growth
……
25. Middle East Vehicle-to-Vehicle (V2V) Communication Market
26. Africa Vehicle-to-Vehicle (V2V) Communication Market
27. Vehicle-to-Vehicle (V2V) Communication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vehicle-to-Vehicle (V2V) Communication Market
29. Vehicle-to-Vehicle (V2V) Communication Market Future Outlook and Potential Analysis
30. Appendix
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