V2V Communication Market Dynamics Trends, Segmentation, Key Players, Application And Forecast

1. Vehicle-to-Vehicle Communication Market Growth, Segments, Size, Industry Analysis and Opportunities 2030 1 ©P&SIntelligence.Allrightsreserved

2. The global vehicle-to-vehicle communication market is predicted to reach a value of $77.1 billion in 2030, increasing from $14.5 billion in 2019, progressing at a 16.6% CAGR during the forecast period (2020–2030). The key factors leading to the growth of the market are the increasing demand for enhanced safety features in vehicles, existence of supportive government regulations, and growing adoption of connected vehicles. When vehicle type is taken into consideration, the market is divided into commercial vehicle and passenger car. On the basis of deployment, the V2V communication market is categorized into aftermarket devices and original equipment manufacturer (OEM) devices. Between these two, the OEM devices category accounted for the larger share of the market during the historical period (2015–2019), owing to the fact that most of the vehicle manufacturers offer in-built systems in their vehicles. In addition to this, these devices also provide highly precise information and continuous network connectivity by using in-vehicle infotainment and other systems. Request to Get the Sample Report: North America held the major share of the V2V communication market during the historical period, with the U.S. leading the regional market. The increasing penetration of innovative technologies, including ADAS and telematics and rising number of government regulations are driving the growth of the regional market. The Asia-Pacific region is projected to witness the highest CAGR during the forecast period, owing to the increasing demand for passenger vehicles and growing focus on vehicle safety in the region. Speak to Analyst: Hence, the vehicle-to-vehicle communication market is being driven by the growing concerns regarding safety and security across the globe and introduction of autonomous vehicles in the market. Market Segmentation by Vehicle Type Passenger Car Commercial Vehicle Market Segmentation by Connectivity Type Cellular Based Technology Dedicated Short-Range Communication (DSRC) Market Segmentation by Deployment Type Original Equipment Manufacturer (OEM) devices Aftermarket devices Market Segmentation by Geography North America Automotive V2V Communication Market

3. oBy vehicle type oBy connectivity type oBy deployment type oBy country – U.S. and Canada Europe Automotive V2V Communication Market oBy vehicle type oBy connectivity type oBy deployment type oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Automotive V2V Communication Market oBy vehicle type oBy connectivity type oBy deployment type oBy country – China, Japan, South Korea, India, and Rest of APAC Latin America, Middle East and Africa (LAMEA) Automotive V2V Communication Market oBy vehicle type oBy connectivity type oBy deployment type oBy country – Brazil, Mexico, South Africa, Saudi Arabia, and Rest of LAMEA This study covers Historical and the present size of the V2V Communication Market Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand their comparative future potential Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved

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