What is Vehicle to Vehicle Communications Market Scope?
Vehicle-To-Vehicle (V2V) communication is known to be a system-defined to transfer data among vehicles and other objects on the road in real-time. This communication and exchange of information between vehicles will help users to receive warnings and emergency information about other vehicles. Automobiles work and move without depending on other vehicles to send data, but with Vehicle to Vehicle Communications, automobiles will be able to send and receive the critical, important and essential information to the nearby vehicles to improve the overall efficiency and safety of the roadways. According to the research done by the world health organization, the total number of an accident across the globe each year is causing the death of around 1.2 million deaths worldwide. Increasing attention to road safety is the major factor driving the growth of vehicle to vehicle communication market.
The Vehicle to Vehicle Communications market study is being classified by Type (Transmitter and Receiver), by Application (Traffic Safety, Traffic efficiency, Infotainment, Payments and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States and Germany will contribute to the maximum growth of Global Vehicle to Vehicle Communications market throughout the predicted period.
Flexibity(Netherlands), Veniam(United States), TeleVeh (United States), Robert Bosch GMBH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (United States), Autotalks Ltd. (Israel), Delphi Technologies (United Kingdom), Cisco Systems Inc. (United States) and Denso Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Infineon Technologies AG (Germany), Qualcomm Technologies Inc. (United States), Kapsch TrafficCom (Kapsch) (Austria) and Herman (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Vehicle to Vehicle Communications market by Type, Application and Region.
On the basis of geography, the market of Vehicle to Vehicle Communications has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In February 2021 Herman announced its acquisition with 5G Edge and V2X leader Savari Inc. Savari employees will join HARMAN upon closing of the deal and will be integrated into HARMAN’s Automotive division, a tier-one automotive supplier for the connected car, car audio and connected vehicle services.
Influencing Market Trend
- Advancements in the wireless technologies to communicate with vehicles, infrastructure, and other portable devices
Market Drivers
- The growing adoption of V2V communication to overcome human errors and road traffic accidents is a dominant factor expected to aid in growth of the market
Opportunities
- Industry participants are increasingly emphasizing the development of cellular-based systems and commercialization of 5G technology, in order to enhance the efficiency of these systems
- The growing number of accidents across the globe is one of the major driving factors of the growth
Restraints
- The high installation cost of the Vehicle to Vehicle Communications
Challenges
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Vehicle to Vehicle Communications Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:
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