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Vehicle To Vehicle Communication Global Market Size, Share, Trends, Demand And Industry Forecast 2023-2032
Vehicle To Vehicle Communication Market Report
The Business Research Company's Vehicle To Vehicle Communication Global Market Report 2023 identifies growing concern for road safety as the major driver for the vehicle to vehicle communication market's growth in the forecast period. Road traffic injuries cause considerable damage to infrastructure and human lives as well as economic losses to individuals, their families, and nations. Road accidents can be prevented by improving the safety features of vehicles, designing safer infrastructure, incorporating road safety features, transport planning, enforcing laws relating to key risks, and raising public awareness. There are so many accidents taking place because of a lack of road safety and the measures taken to road safety and there is a need for vehicle-to-vehicle communications to provide road safety.
The global vehicle-to-vehicle (V2V) communication market size will grow 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 market size of the vehicle-to-vehicle (V2V) communication is expected to grow to $37.19 billion in 2027 at a CAGR of 12.5%.
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Major competitors in the vehicle to vehicle communication market are General Motors, Daimler AG, Toyota Motor Corporation, Volkswagen Group, Harman International Industries.
A key trend in the vehicle to vehicle communication market includes technological advancement. Major companies operating in the vehicle-to-vehicle communications sector are focused on developing new technological solutions to strengthen their position.
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The vehicle to vehicle communication market is segmented -
•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.
The Business Research Company's "Global Vehicle To Vehicle Communication Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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