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Allied Market Research

Vehicle to Vehicle Communications Market by Component (Hardware and Software), Communication (Vehicle-to-vehicle (V2V), Vehicle-to-infrastructure (V2I), Vehicle-to-pedestrian (V2P), Vehicle-to-grid (V2G), Vehicle-to-cloud (V2C), and Vehicle-to device (V2D)), Connectivity (Cellular and DSRC), Technology (Automated Driver Assistance, Intelligent Traffic Systems, Emergency Vehicle Notification, Passenger Information System, Fleet & Asset Management, Parking Management System, Line of Sight, Non-line of Sight, Backing, and Others), and Type (Passenger Car and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09910
Pages: NA
Jan 2021 | 80 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

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Vehicle to Vehicle Communications Market Insight

Vehicle-to-vehicle (V2V) communications comprises a wireless network where automobiles send messages to each other with information about their environment and what they are doing. This data would include speed, location, and direction of travel, braking, and loss of stability. Vehicle-to-vehicle technology uses dedicated short-range communications (DSRC), a standard set forth by bodies like FCC and international standard organization. Vehicles equipped with appropriate software (or safety applications) can use the messages from surrounding vehicles to determine potential crash threats as they develop. The technology can then employ visual, tactile, and audible alerts or a combination of these alerts to warn drivers. These alerts allow drivers the ability to take action to prevent crashes.

Vehicle to Vehicle Communications Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

Component, Communication, Connectivity, Technology, Type, and Region

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

  Companies covered

Major players analyzed in the market include Arada Systems Inc., Autotalks Ltd., Cisco Systems Inc, Delphi Technologies PLC, DENSO Corporation, eTrans Systems, Qualcomm Technologies Inc., Savari Inc., and The Kapsch Group.

 

Impact of COVID-19 on Vehicle to Vehicle Communications Market:

  • The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery, IT industry. 
  • The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation. 
  • The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics. 
  • In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the vehicle-to-vehicle (V2V) communications market in the upcoming years. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Connected cars will improve safety and control congestion on the roads, cars would communicate and send alerts if a crash seem imminent, these features would attract the customers increasing their safety and ease to drive encouraging the growth in vehicle to vehicle communication market.  Advancement in wireless communication, sharing of information, and growing roadside communication infrastructure are driving the vehicle to vehicle communication market. Due to its potential to improve vehicle and road safety, traffic efficiency, convenience and comfort for passengers as well as drivers, the adoption in automotive industry is positively impacting the V2V communication market. However, standardization of protocol and security issues are a major restraint for the V2V communication market. Contrarily, increasing in support from government for V2X technology and advancements in 5G technology is expected to accelerate the growth of V2V communication market n forecasted years.

Increasing demand for safety among customer

Safety has become a major concern, and despite efforts to raise awareness and educate on safe driving, the main cause of car accidents remains human error. Vehicle to vehicle communication technology can help mitigate anywhere up to 70% to 80% of vehicle crashes involving human error.V2V communication technology can increase the performance of vehicle safety systems and help save lives. Connected vehicle technologies will provide drivers with the tools they need to anticipate potential crashes and significantly reduce the number of lives lost each year.

V2V communications to help in traffic management

V2V communication improves traffic management and reduces congestion. Law enforcement officials can use vehicle to vehicle communication to monitor and manage traffic by using real-time data streaming from vehicles to reduce congestion on the road. V2V communication can help officials re-route traffic, track vehicle locations, adapt traffic light schedules, and address speed limits. Drivers using V2V communication can avoid traffic jams and maintain a safe distance from other cars increasing the demand for V2V in automotive sector.

Key segments covered:

Segments

Subsegments

  Component

  • Hardware
  • Software

  Communication

  • Vehicle-to-vehicle (V2V)
  • Vehicle-to-infrastructure (V2I)
  • Vehicle-to-pedestrian (V2P)
  • Vehicle-to-grid (V2G)
  • Vehicle-to-cloud (V2C)
  • Vehicle-to-Device (V2D)

  Connectivity

  • Cellular
  • DSRC

  Technology

  • Automated Driver Assistance
  • Intelligent Traffic Systems
  • Emergency Vehicle Notification
  • Passenger Information System
  • Fleet & Asset Management
  • Parking Management System
  • Line of Sight
  • Non-line of Sight
  • Backing
  • Others

 

  Type

 

  • Passenger Car
  • Commercial Vehicle

 

Key benefits of the report:

  • This study presents the analytical depiction of the global vehicle to vehicle communications industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global vehicle to vehicle communications market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global vehicle to vehicle communications market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global vehicle to vehicle communications market analysis depending on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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