Dublin, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The "Vehicle-to-Vehicle (V2V) Communication Global Market Report 2022 , Vehicle Type, Connectivity, Deployment Type, Application" report has been added to ResearchAndMarkets.com's offering.
The global vehicles in the vehicle-to-vehicle (V2V) communication market is expected to grow from $16.98 billion in 2021 to $19.98 billion in 2022 at a compound annual growth rate (CAGR) of 17.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.90 billion in 2026 at a CAGR of 13.3%.
The main types of vehicles in the vehicle-to-vehicle (V2V) communication are passenger cars and commercial vehicles. Commercial cars are the cars that are owned by companies or businesses such as semi-trucks, taxis, buses, limos, trailers, tow trucks. The different types of connectivity include dedicated short-range communication (DSRC), cellular in vehicles and involves various deployment devices such as original equipment manufacturer (OEM) devices, aftermarket devices. It is used in traffic safety, traffic efficiency, infotainment, payments, and other applications.
North America was the largest region in the vehicle-to-vehicle(V2V) communication market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Growing concern for road safety is expected to propel the growth of the vehicle-to-vehicle communications market going forward. The road traffic injuries cause considerable damage to infrastructure and human lives as well as economic losses to individuals, their families, and nations. Road accidents can be prevented by improving the safety features of vehicles, designing safer infrastructure, incorporating road safety features, transport planning, enforcing laws relating to key risks, and raising public awareness. There are so many accidents taking place because of lack of road safety and the measures taken to road safety and there is a need for vehicle-to-vehicle communications to provide road safety.
Technological advancement is a key trend gaining popularity in the vehicle-to-vehicle communications market. Major companies operating in the vehicle-to-vehicle communications sector are focused on developing new technological solutions to strengthen their position. For instance, in October 2019, Toyota Motor Corporation (Toyota), a Japan-based automotive manufacturer introduced the "LQ", an advanced technology developed to meet the requirements of the individual to maintain an emotional bond between the vehicle and the driver. The features of the LQ technology involve automated driving, an automated valet parking system, AR-HUD, a Seat with alertness and relaxation functions, an organic LED meter display, and air purification coating.
Scope
Markets Covered:
1) By Vehicle Type: Passenger Cars; Commercial Vehicles
2) By Connectivity: Dedicated Short-Range Communication (DSRC); Cellular
3) By Deployment Type: Original Equipment Manufacturer (OEM) Devices; Aftermarket Devices
4) By Application: Traffic Safety; Traffic Efficiency; Infotainment; Payments; Others
Key Topics Covered:
1. Executive Summary
2. Vehicle-to-Vehicle (V2V) Communication Market Characteristics
3. Vehicle-to-Vehicle (V2V) Communication Market Trends And Strategies
4. Impact Of COVID-19 On Vehicle-to-Vehicle (V2V) Communication
5. Vehicle-to-Vehicle (V2V) Communication Market Size And Growth
6. Vehicle-to-Vehicle (V2V) Communication Market Segmentation
7. Vehicle-to-Vehicle (V2V) Communication Market Regional And Country Analysis
8. Asia-Pacific Vehicle-to-Vehicle (V2V) Communication Market
9. China Vehicle-to-Vehicle (V2V) Communication Market
10. India Vehicle-to-Vehicle (V2V) Communication Market
11. Japan Vehicle-to-Vehicle (V2V) Communication Market
12. Australia Vehicle-to-Vehicle (V2V) Communication Market
13. Indonesia Vehicle-to-Vehicle (V2V) Communication Market
14. South Korea Vehicle-to-Vehicle (V2V) Communication Market
15. Western Europe Vehicle-to-Vehicle (V2V) Communication Market
16. UK Vehicle-to-Vehicle (V2V) Communication Market
17. Germany Vehicle-to-Vehicle (V2V) Communication Market
18. France Vehicle-to-Vehicle (V2V) Communication Market
19. Eastern Europe Vehicle-to-Vehicle (V2V) Communication Market
20. Russia Vehicle-to-Vehicle (V2V) Communication Market
21. North America Vehicle-to-Vehicle (V2V) Communication Market
22. USA Vehicle-to-Vehicle (V2V) Communication Market
23. South America Vehicle-to-Vehicle (V2V) Communication Market
24. Brazil Vehicle-to-Vehicle (V2V) Communication Market
25. Middle East Vehicle-to-Vehicle (V2V) Communication Market
26. Africa Vehicle-to-Vehicle (V2V) Communication Market
27. Vehicle-to-Vehicle (V2V) Communication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vehicle-to-Vehicle (V2V) Communication Market
29. Vehicle-to-Vehicle (V2V) Communication Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- General Motors
- Daimler AG
- Toyota Motor Corporation
- Volkswagen Group
- Harman International Industries
- Mobileye
- Ford Motor Company
- Bayerische Motoren Werke AG
- Audi AG
- Mercedes-Benz
- Qualcomm
- Cisco Systems Inc.
- Autotalks
- DENSO Corporation
- Arada Systems Inc.
- Nissan Motor Co.Ltd.
- Honda Motor Company Ltd.
- Lear Corporation
For more information about this report visit https://www.researchandmarkets.com/r/vz8822
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