Vehicle To Vehicle (V2V) Communication Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global vehicle-to-vehicle (V2V) communication market is projected to advance with a CAGR of 16% during the forecast period (2021–2027). The market is further estimated to generate a revenue of $77.1 billion, in 2027.

Vehicle-to-vehicle (V2V) communication allows cars to communicate with each other and also with infrastructure such as traffic lights. This technology can help prevent many types of accidents, such as warning a driver or warning another driver about jumping over a red light. V2V communication technology also alerts the driver to blind spots, vehicles in front of multiple suddenly stopping vehicles, and other scenarios that can lead to accidents. This technology only works between two vehicles with V2V installed.

Segments:

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

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.

Scope of the Report

The research study analyzes the global Vehicle To Vehicle (V2V) Communication industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Vehicle To Vehicle (V2V) Communication Market Report

1. What was the Vehicle To Vehicle (V2V) Communication Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Vehicle To Vehicle (V2V) Communication Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Vehicle To Vehicle (V2V) Communication Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.