Vehicle to vehicle communication systems

Global Vehicle To Vehicle Communication Systems Market Size, by Type (OEM Devices, Emergency Management System), Technology (Application, Speaker Systems), Application, & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025

Category: Telecom and IT     ID: IRP1730     Date: Aug, 2020
The global Vehicle To Vehicle Communication Systems market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2025, at a CAGR of XX% during 2018 to 2025. Scope of global Vehicle To Vehicle Communication Systems market includes by Type (OEM Devices, Emergency Management System, Aftermarket Devices), by Technology (Application, Speaker Systems, Soundbars, Firewall), by Application (Smart Ticketing, Traffic Management System, Passenger Information Management System, Freight Information System, Connected Vehicles, Others), and by Region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).

Vehicle to vehicle (V2V) communication agrees cars to communicate with each other and also with setup such as traffic lights. This technology can aid in avoiding various types of accidents, for example, by warning drivers, or warning about another driver jumping the red light. V2V communication technology also warn drivers about blind spots, vehicles impending to a sudden stop several cars ahead, and other such scenarios that could result in accidents. This technology only works between two vehicles that have V2V installed.

Connected cars will recover safety and control congestion in cities, on the roads, cars would communicate and send alerts if a crash seem imminent, these features would attract the customers cumulative their safety and comfort to drive encouraging the vehicle-to-vehicle communication market. Advancement in wireless communication, sharing of information, and rising roadside communication infrastructure are motivating the vehicle-to-vehicle communication market and are acting as building step for development of autonomous vehicles market. Vehicle to vehicle communication has become as active research area due to its potential to improve vehicle and road safety, traffic efficiency, convenience and comfort for passengers as well as drivers, these advancements impact positively to the V2V communication market

A lot of investment is done in experimenting and trying to grow the best vehicle-to-vehicle communication systems in the US, Japan, and the European regions. North America, mainly the U.S. rules the global demand in vehicle-to-vehicle communication market. European market is likely to witness uppermost growth. With the rise in population, people compliant the technological advancements and growing number of vehicles in Asia Pacific and Middle East and Africa regions, the potential for vehicle to vehicle communication market is maximum in these areas as more and more automobile companies are aiming these regions. Latin America would witness a stable growth in the forecast period.

The global Vehicle To Vehicle Communication Systems market is primarily segmented by Type, Technology, Application, and region.

On the basis of Type, the market is split into:
* OEM Devices
* Emergency Management System
* Aftermarket Devices

Based on Technology, the market is divided into:
* Big Data Analytics
* Smart Sensors
* Cloud Computing
* Others

Based on the Application, the market is segmented into:
* Intelligent Transport Management System
* Traffic Management System
* Grouptalk Service
* Traffic Safety
* Traffic efficiency
* Others

Moreover, the market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* BMW Group
* Daimler AG
* General Motors
* Toyota
* Volkswagen group
* Delphi
* Autotalks Limited
* eTrans Systems
* Honda
* Volvo
* Audi, Denso Corp
* Qualcomm, Savari INC
* Kapsch’s TrafficCom among others.

These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their Applications across the globe.
Key Benefits of the Report:
* Global, regional, country, Type, Application, and Technology market size and their forecast from 2014-2025
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
* Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on Key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, sales contracts, and new product launches in the market
* Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, Types, Applications, and Technologys with qualitative and quantitative information and facts
* Identification of the key patents filed in the field of Vehicle To Vehicle Communication Systems

Target Audience:
* Vehicle To Vehicle Communication Systems manufacturer & Type Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Traffic Management System and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, Traffic Management System and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, Passenger Information Management System behavior, and Application trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Traffic Management System Body & Associations
* Research Institutes

Project Analysis

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