Vehicle to Vehicle Communication Market Overview
Cadillac, a division of U.S. based General Motors, is launching its vehicle to vehicle communication with three alerts from the vehicles up to 300 meters down the lane whereas Volvo is set debut its vehicle to vehicle communication this year with all its vehicles in the 90 series which will be equipped with vehicle to vehicle communication technology. Its technology is co-developed with the Swedish telecom company Ericsson, which will allow sending and receiving of messages in case of slippery roads or other hazards.
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Noteworthy players, as profiled in the MRFR analysis, include Audi (Germany), BMW (Germany), Daimler AG (Germany), Volvo Cars (Sweden), General Motors (US), Toyota Motor Corporation (Japan), Qualcomm Technologies, Inc. (US), Volkswagen (Germany), AutoTalks Ltd (Israel), and Delphi Automotive LLP (UK).
August 2019: Commsignia, a Hungarian V2X solutions company, recently announced that they received a total of USD 11 million in a fundraising round led by Karma Ventures and Samsung Catalyst Fund with a few other investors.
The V2V Communication market can be segmented into four key dynamics for the convenience of the report and enhanced understanding;
By Technologies : Big Data Analytics, Smart Sensors, and Cloud Computing among others.
By Types : OEM Devices, Aftermarket Devices and Infrastructure Based Devices
By Applications : Traffic Management System, Intelligent Transport Management System, and Grouptalk Service among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
The Vehicle to Vehicle (V2V) Communication Market is segmented into the regions of North America, Asia Pacific, Europe, and Rest of the World. North America is currently leading the vehicle to vehicle communication market by accruing for the largest share of the market.
Going ahead, Europe stands as the second biggest market of V2V communication due to the well-proliferated automotive sector, high standard of living of European countries and high investment in the automotive. Also, technical advancements and increasing awareness about road safety are too supporting the market growth in the region
Asia Pacific has emerged as fastest growing market with the substantial CAGR. The current market of V2V communication in the APAC region has been valued hugely which is expected to grow further over previous growth records by the end of the forecasted period.
LIST OF TABLES
TABLE 1 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 2 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 3 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 4 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY REGIONS
TABLE 5 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY (%)
FIGURE 3 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE (%)
FIGURE 4 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION (%)
FIGURE 5 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY REGIONS (%)
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