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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.
Impact of COVID-19 on Vehicle to Vehicle Communications Market:
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.
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 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.
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Key Market Segments
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