Global Vehicle-To-Vehicle (V2V) Communication Market
Global Vehicle-To-Vehicle (V2V) Communication Market was valued at USD 680 million in 2020 which is expected to reach at USD 12,735 million by 2030 at a CAGR 43.2%.
Vehicle to Vehicle communication enable cars to communicate with each other and also with infrastructure like traffic lights. V2V communication technology helps to avoid crashes and traffic problems and helps to improve the environment. Also, this technology warns drivers about blind spots, vehicles coming to a sudden stop several cars ahead, and other such scenarios which could result in accidents. The technology only works between two vehicles which have V2V installed.
Market Drivers
The rise in adoption of vehicle-to-vehicle communication to reduce human errors and road traffic accidents is a major driving factor which expected to propel the growth of global vehicle-to-vehicle (V2V) communication market during this forecast period. For instance, United States Department of Transportation is focusing on adopting the connected vehicle technology to allow vehicles to communicate with each other & prevent collisions, since 2014.
V2V communication technology comprises a transmitter & receiver which help the cars to broadcast the brake status, speed, steering-wheel position and other data to other vehicles within a range of few hundred meters. Connected cars could make use of the information in order to build in depth depiction of what’s unfolding around them, enlightening any sort of danger, or the best sensor system, would miss or fail to anticipate, these factors are expected to drive the growth of global vehicle-to-vehicle communication (V2V) market.
Market Restraints
Initial high cost involved is expected to hinder the global vehicle-to-vehicle (V2V) communication market growth during this forecast period. Also, the data privacy concerns may hamper the market growth. This technology requires lots of data which in turn requires scalable & more storage capable cloud platform. Standardization of protocols, security issues are few more factors which may obstruct the market growth.
Market Segmentation
The Global Vehicle-To-Vehicle (V2V) Communication Market is segmented into connectivity type such as Cellular based technologies, and DSRC, by deployment type such as OEM devices, and Aftermarket devices. Further, market is segmented into application such as Traffic safety, Traffic efficiency, Infotainment, payments and others. Based on the end use, market is segmented into Passenger Cars, and Commercial Vehicles.
Regional Analysis
The Global Vehicle-To-Vehicle (V2V) Communication Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.The North America region has the largest market share in the Vehicle to Vehicle (V2V) Communication market, owing to the growing adoption of advanced technology, rise in population, and growing investment by government and private sectors in this region to enhance safety and traffic efficiency. The increase in number of vehicles in APAC and Middle East & Africa regions, the potential for V2V communication market is maximum in these areas as more and more automobile organizations are focusing these regions.
Key Players
Some of the prominent players are listed in this report such as Autotalks Ltd, Delphi Automotive PLC, Cisco Systems Inc., Ford Motor Co., Denso Corporation, Harman International Industries Inc., Kapsch TrafficCom , Infineon Technologies AG, Qualcomm Technologies Inc, Toyota Vacaville, etc.
Market Taxonomy
By Connectivity Type
By Deployment Type
By Application
By End Use
By Region
Key Questions Addressed by the Report
Global Vehicle-To-Vehicle (V2V) Communication Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vehicle-To-Vehicle (V2V) Communication Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Vehicle-To-Vehicle (V2V) Communication Market, By Connectivity Type
5.1 Y-o-Y Growth Comparison, By Connectivity Type
5.2 Global Vehicle-To-Vehicle (V2V) Communication Market Share Analysis, By Connectivity Type
5.3 Global Vehicle-To-Vehicle (V2V) Communication Market Size and Forecast, By Connectivity Type
5.3.1 Cellular based technologies
5.3.2 DSRC
6 Global Vehicle-To-Vehicle (V2V) Communication Market, By Deployment Type
6.1 Y-o-Y Growth Comparison, By Deployment Type
6.2 Global Vehicle-To-Vehicle (V2V) Communication Market Share Analysis, By Deployment Type
6.3 Global Vehicle-To-Vehicle (V2V) Communication Market Size and Forecast, By Deployment Type
6.3.1 OEM devices
6.3.2 Aftermarket devices
7 Global Vehicle-To-Vehicle (V2V) Communication Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Vehicle-To-Vehicle (V2V) Communication Market Share Analysis, By Application
7.3 Global Vehicle-To-Vehicle (V2V) Communication Market Size and Forecast, By Application
7.3.1 Traffic safety
7.3.2 Traffic efficiency
7.3.3 Infotainment
7.3.4. Payments
7.3.5. Others
8 Global Vehicle-To-Vehicle (V2V) Communication Market, By End Use
8.1 Y-o-Y Growth Comparison, By End Use
8.2 Global Vehicle-To-Vehicle (V2V) Communication Market Share Analysis, By End Use
8.3 Global Vehicle-To-Vehicle (V2V) Communication Market Size and Forecast, By End Use
8.3.1 Passenger Cars
8.3.2 Commercial Vehicles
9Global Vehicle-To-Vehicle (V2V) Communication Market, By Region
9.1 Global Vehicle-To-Vehicle (V2V) Communication Market Share Analysis, By Region
9.2 Global Vehicle-To-Vehicle (V2V) Communication Market Share Analysis, By Region
9.3 Global Vehicle-To-Vehicle (V2V) Communication Market Size and Forecast, By Region
10 North America Vehicle-To-Vehicle (V2V) Communication Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 North America Vehicle-To-Vehicle (V2V) Communication Product Market Share Analysis, By Connectivity Type
10.3 North America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Deployment Type
10.4 North America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Application
10.5 North America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By End Use
10.6 North America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11Europe Vehicle-To-Vehicle (V2V) Communication Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Europe Vehicle-To-Vehicle (V2V) Communication Product Market Share Analysis, By Connectivity Type
11.3 Europe Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Deployment Type
11.4 Europe Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Application
11.5 Europe Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By End Use
11.6 Europe Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12Asia Pacific Vehicle-To-Vehicle (V2V) Communication Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Asia Pacific Vehicle-To-Vehicle (V2V) Communication Product Market Share Analysis, By Connectivity Type
12.3 Asia Pacific Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Deployment Type
12.4 Asia Pacific Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Application
12.5 Asia Pacific Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By End Use
12.6 Asia Pacific Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Vehicle-To-Vehicle (V2V) Communication Market Analysis and Forecast (2020 – 2030)
13.1 Introduction
13.2 Latin America Vehicle-To-Vehicle (V2V) Communication Product Market Share Analysis, By Connectivity Type
13.3 Latin America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Deployment Type
13.4 Latin America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Application
13.5 Latin America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By End Use
13.6 Latin America Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Country
14Middle East Vehicle-To-Vehicle (V2V) Communication Market Analysis and Forecast (2020 – 2030)
14.1 Introduction
14.2 Middle East Vehicle-To-Vehicle (V2V) Communication Product Market Share Analysis, By Connectivity Type
14.3 Middle East Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Deployment Type
14.4 Middle East Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Application
14.5 Middle East Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By End Use
14.6 Middle East Vehicle-To-Vehicle (V2V) Communication Product Market Size and Forecast, By Country
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company Profiles
16.1 Autotalks Ltd
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Delphi Automotive PLC
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Cisco Systems Inc
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Ford Motor Co
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Denso Corporation
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Harman International Industries Inc
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Kapsch TrafficCom
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Infineon Technologies AG
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Qualcomm Technologies Inc
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Toyota Vacaville
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
