Vehicle-to-Vehicle Communication Market worth $69.99 billion by 2030, growing at a CAGR of 16.42% - Exclusive Report by 360iResearch

The "Vehicle-to-Vehicle Communication Market by Component (Hardware, Software), Technology (Automated Driver Assistance, Emergency Vehicle Notification, Fleet & Asset Management), Type, Connectivity, Deployment Type - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Vehicle-to-Vehicle Communication Market to grow from USD 24.14 billion in 2023 to USD 69.99 billion by 2030, at a CAGR of 16.42%.

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Vehicle-to-vehicle (V2V) communication is a technology that promises to improve road safety and efficiency, as well as enable autonomous driving capabilities. increasing adoption of connected car services with rising advancements in driver-assistance systems (ADAS) is driving the market growth. The evolving 5G technology landscape globally with expanding investments is creating a platform for market growth. Increased road safety, improved traffic management, lower fuel consumption, and support for autonomous and semi-autonomous vehicles are factors contributing to the expanding utilization of vehicle-to-vehicle (V2V) communication solutions. However, concerns related to data security, privacy infringement, and compatibility issues hamper the growth of the vehicle-to-vehicle (V2V) communication market. The growing introduction of technologically advanced vehicle-to-vehicle (V2V) communication solutions by market vendors is expected to create a platform for market growth.

In the Americas, with the rising interest in autonomous and connected transportation, V2V communication is progressively developed and implemented. The U.S., being the technological vanguard, has charted serious investment into the R&D of V2V technology. There has been a robust contribution from established automobile manufacturers and tech-based companies, encouraging higher safety standards and efficient mobility. The APAC region, especially economies including China, Japan, South Korea, and India, is vividly focusing on V2V communication to improve road safety and ease traffic congestion. China, with its cutting-edge tech companies and extensive 5G network, is rapidly adopting V2V communication to attain its smart city vision. Japan, meanwhile, has been a proponent of Intelligent Transportation Systems, a cumulative strategy that heavily relies on V2V for safety and efficiency. Europe's advancement with its cooperative intelligent transport systems (C-ITS), leveraging V2V communication to mitigate accident risks, improve commuting experience, and create eco-friendly urban spaces. The EU has outlined regulatory and standardization frameworks for safe V2V deployment. Meanwhile, the Middle East and Africa present promising potential for V2V growth, buoyed by burgeoning smart city projects, shifting focus towards road safety, and pronounced governmental backing in technology adoption.

Market Segmentation & Coverage:

This research report categorizes the Vehicle-to-Vehicle Communication Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Hardware and Software. The Hardware is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Automated Driver Assistance, Emergency Vehicle Notification, Fleet & Asset Management, Intelligent Traffic Systems, Parking Management System, and Passenger Information System. The Emergency Vehicle Notification is projected to witness significant market share during forecast period.

Based on Type, market is studied across Commercial Vehicle and Passenger Car. The Passenger Car is projected to witness significant market share during forecast period.

Based on Connectivity, market is studied across Cellular and Dedicated Short-Range Communication. The Cellular is projected to witness significant market share during forecast period.

Based on Deployment Type, market is studied across Aftermarket and OEM. The Aftermarket is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.68% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Vehicle-to-Vehicle Communication Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Vehicle-to-Vehicle Communication Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Vehicle-to-Vehicle Communication Market, highlighting leading vendors and their innovative profiles. These include Aptiv PLC, Autotalks Ltd., BMW AG, Broadcom, Inc., Continental AG, Denso Corporation, General Motors Company, Gentex Corporation, Harman International Industries Inc., Honda Motor Co., Ltd., Hyundai Motor Company, Intel Corporation, Knorr Bremse AG, Lear Corporation, LG Electronics, Magna International Inc., Mercedes-Benz Group AG, Mobileye Technologies Limited, NXP Semiconductors N.V., Panasonic Corporation, Qualcomm Incorporated, Renesas Electronics Corp., Robert Bosch GmbH, Sensata Technologies Inc., Skyworks Solutions, Inc., Tata Motors Ltd., TOYOTA MOTOR CORPORATION, and ZF Friedrichshafen AG.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Vehicle-to-Vehicle Communication Market, by Component
7. Vehicle-to-Vehicle Communication Market, by Technology
8. Vehicle-to-Vehicle Communication Market, by Type
9. Vehicle-to-Vehicle Communication Market, by Connectivity
10. Vehicle-to-Vehicle Communication Market, by Deployment Type
11. Americas Vehicle-to-Vehicle Communication Market
12. Asia-Pacific Vehicle-to-Vehicle Communication Market
13. Europe, Middle East & Africa Vehicle-to-Vehicle Communication Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Vehicle-to-Vehicle Communication Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Vehicle-to-Vehicle Communication Market?
3. What is the competitive strategic window for opportunities in the Vehicle-to-Vehicle Communication Market?
4. What are the technology trends and regulatory frameworks in the Vehicle-to-Vehicle Communication Market?
5. What is the market share of the leading vendors in the Vehicle-to-Vehicle Communication Market?
6. What modes and strategic moves are considered suitable for entering the Vehicle-to-Vehicle Communication Market?

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