Report overview
Vehicular communication systems are networks in which vehicles and roadside units are the communicating nodes, providing each other with information, such as safety warnings and traffic information. They can be effective in avoiding accidents and traffic congestion. Both types of nodes are dedicated short-range communications (DSRC) devices. DSRC works in 5.9 GHz band with bandwidth of 75 MHz and approximate range of 300 m. Vehicular communications is usually developed as a part of intelligent transportation systems (ITS).
This report aims to provide a comprehensive presentation of the global market for Vehicle To Vehicle Communication Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle To Vehicle Communication Systems. This report contains market size and forecasts of Vehicle To Vehicle Communication Systems in global, including the following market information:
Global Vehicle To Vehicle Communication Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Vehicle To Vehicle Communication Systems market was valued at US$ 1646.8 million in 2022 and is projected to reach US$ 2269.7 million by 2029, at a CAGR of 4.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Increasing traffic efficiency with traffic congestion control which results in reduced transport time, fuel consumption and thus contributing to improving the environment is likely to positively impact the industry growth over the forecast period. Furthermore, impending clash with pedestrians or bicyclists carrying a smart phone could also be avoided, as constant signals between vehicles and smart phones warns the driver even if the roadway conditions impair driver vision. The forward and backwards collision detection system are key drivers for this V2V systems market which helps to prevent the accidents. The Blind spot informs the driver that vehicle is an adjacent side lane is located in driver?s blind zone and alerts to the driver about the presence car or vehicle these are on-going technologies in V2V communication systems. The key restraint of the market is high initial cost, which is hampering the growth of V2V systems. In terms of revenue, Asia Pacific is expected to account for significant market share by 2025. Prominent factors in the region include the presence of the world?s largest automotive manufacturing and consumer market in China, followed by substantial number of initiatives in Japan, Australia, and South Korea. North America will witness the highest penetration of the technology.
We surveyed the Vehicle To Vehicle Communication Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle To Vehicle Communication Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Vehicle To Vehicle Communication Systems Market Segment Percentages, by Type, 2022 (%)
OEM Devices
Aftermarket Devices
Global Vehicle To Vehicle Communication Systems Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Vehicle To Vehicle Communication Systems Market Segment Percentages, by Application, 2022 (%)
Traffic Safety
Traffic Efficiency
Infotainment
Payments
Others
Global Vehicle To Vehicle Communication Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Vehicle To Vehicle Communication Systems Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vehicle To Vehicle Communication Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Vehicle To Vehicle Communication Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
BMW
Ferrari
Audi
Suzuki
Volkswagen
Google X
Telsa
Honda Denso corporation
Traffic Corp
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vehicle To Vehicle Communication Systems, market overview.
Chapter 2: Global Vehicle To Vehicle Communication Systems market size in revenue.
Chapter 3: Detailed analysis of Vehicle To Vehicle Communication Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vehicle To Vehicle Communication Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
