Global Vehicle to Vehicle (V2V) Communication Market, By Technology (Big Data Analytics, Smart Sensors), By Type (OEM Devices, Aftermarket Devices, Infrastructure Based Devices), By Application (Traffic Management System, Grouptalk Service) - Forecast 2027
ID: MRFR/ICT/2714-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis of Vehicle to Vehicle Communication Market:
Market Scenario:
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.
North America region holds the largest market share of the global market of vehicle to vehicle communication. U.S. is majorly dominating the share owing to the presence of key players like General Motors in the region. Presence of advanced infrastructure is another major factor driving the growth of vehicle to vehicle communication market in the region.
Vehicle to vehicle communication market has been segmented on the basis of technology, type and application. The technology segment is further bifurcated into big data analytics, smart sensors, cloud computing and others. Sensors allow the driver and the passengers to sense the traffic congestion as well as the help in enhancing the driving experience of the passengers.
Vehicle to vehicle communication allows data transmission between two vehicles through a wireless medium in order to ensure traffic control and safety of the riders. Growing concerns about the road safety is major factor driving the growth of vehicle to vehicle communication market. Vehicle to vehicle communication is a framework which creates an ad hoc network which reduces dependency on any other technology. So this makes it platform independent and also very cost efficient. Vehicle to vehicle communication is a new brainchild but is expected to hit the roads sooner.
The Global Vehicle To Vehicle Communication Market is expected to grow at approx. USD 24 Billion by 2023, at 6% of CAGR between 2017 and 2023.
Vehicle To Vehicle (V2V) Communication Market
Key Players:
The prominent players in vehicle to vehicle communication market are – BMW (Germany), Audi (Germany), Daimler AG (Germany), General Motors (U.S.), Volvo Cars (Sweden), Toyota Motor Corporation (Japan), Volkswagen (Germany), Qualcomm Technologies, Inc. (U.S.), AutoTalks Ltd (Israel), Delphi Automotive LLP (U.K.) among others.
Segments:
Vehicle to vehicle communication market can be segmented on the basis of following:
By Technology
- Big Data Analytics
- Smart Sensors
- Cloud Computing
- Others
By Type
- OEM Devices
- Aftermarket Devices
- Infrastructure Based Devices
By Application
- Traffic Management System
- Intelligent Transport Management System
- Grouptalk Service
- Others
Regional Analysis:
The regional analysis of vehicle to vehicle communication market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Europe is projected to grow at the fastest rate during the forecast period. The major growth in vehicle to vehicle communication market in North America is attributed to technical advancements and increasing awareness about road safety in that region.
Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Infrastructure Providers
- Original equipment manufacturers (OEMs)
- OEM technology solution providers
Frequently Asked Questions (FAQ) :
North America is the region that holds the largest market share of the global market of the vehicle to vehicle communication.
The market will be expanding at a rate of 6% of CAGR between 2020 and 2027.
BMW (Germany), Audi (Germany), Daimler AG (Germany), General Motors (U.S.), Volvo Cars (Sweden) are the companies that became the prime investors of the market.
Asia Pacific, North America, Europe and the Rest of the World are the key regions included in the regional analysis of the market.
Technology, type and application are the segments involved in the segmental analysis of the market.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 VEHICLE TO VEHICLE COMMUNICATION MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY TECHNOLOGY
6.2.1.1 BIG DATA ANALYTICS
6.2.1.2 SMART SENSORS
6.2.1.3 CLOUD COMPUTING
6.2.1.4 OTHERS
6.2.2 BY TYPE
6.2.2.1 OEM DEVICES
6.2.2.2 AFTERMARKET DEVICES
6.2.2.2 INFRASTRUCTURE BASED DEVICES
6.2.3 BY APPLICATION
6.2.3.1 TRAFFIC MANAGEMENT SYSTEM
6.2.3.2 INTELLIGENT TRANSPORT MANAGEMENT SYSTEM
6.2.3.3 GROUPTALK SERVICE
6.2.3.4 OTHERS
6.2.4 BY REGION
6.2.4.1 NORTH AMERICA
6.2.4.2 EUROPE
6.2.4.3 ASIA-PACIFIC
6.2.4.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 BMW (GERMANY)
7.2.2 AUDI (GERMANY)
7.2.3 DAIMLER AG (GERMANY)
7.2.4 GENERAL MOTORS (U.S.)
7.2.5 VOLVO CARS (SWEDEN)
7.2.6 TOYOTA MOTOR CORPORATION (JAPAN)
7.2.7 VOLKSWAGEN (GERMANY)
7.2.8 QUALCOMM TECHNOLOGIES, INC. (U.S.)
7.2.9 AUTOTALKS LTD (ISRAEL)
7.2.10 DELPHI AUTOMOTIVE LLP (U.K.)
7.2.11 OTHERS
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
TABLE 6 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 7 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 8 U.S. VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 9 U.S. VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 10 U.S. VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 11 CANADA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 12 CANADA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 13 CANADA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 14 GERMANY VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 15 GERMANY VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 16 GERMANY VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 17 U.K. VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 18 U.K. VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 19 U.K. VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 20 EUROPE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 21 EUROPE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 22 EUROPE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 23 FRANCE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 24 FRANCE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 25 FRANCE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 26 ASIA-PACIFIC VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 27 ASIA-PACIFIC VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 28 ASIA-PACIFIC VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
TABLE 29 REST OF THE WORLD VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY
TABLE 30 REST OF THE WORLD VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE
TABLE 31 REST OF THE WORLD VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION
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 (%)
FIGURE 6 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY (%)
FIGURE 7 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE (%)
FIGURE 8 NORTH AMERICA VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION (%)
FIGURE 9 EUROPE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY (%)
FIGURE 10 EUROPE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE (%)
FIGURE 11 EUROPE VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION (%)
FIGURE 12 ASIA-PACIFIC VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY (%)
FIGURE 13 ASIA-PACIFIC VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE (%)
FIGURE 14 ASIA-PACIFIC VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION (%)
FIGURE 15 REST OF THE WORLD VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TECHNOLOGY (%)
FIGURE 16 REST OF THE WORLD VEHICLE TO VEHICLE COMMUNICATION MARKET, BY TYPE (%)
FIGURE 17 REST OF THE WORLD VEHICLE TO VEHICLE COMMUNICATION MARKET, BY APPLICATION (%)