V2V communication technology refers to systems which allows automobiles to communicate with each other to improve awareness of surrounding environment, and provide information regarding the future movements such as braking, speeding, halt, accident of the nearby vehicles. This helps to eliminate threat of accidents caused from blind spots, and enhances user safety. A large number of accidents occurring due to human errors can be significantly reduced with the utilization of these systems, which is expected to drive growth of the V2V communication market over the forecast period.

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Market Dynamics
One of the primary factors driving growth of the V2V communication market includes enhanced safety through avoidance of collisions that can be identified by these systems. However, the industry growth is expected to be considerably hindered by the lack of adoption of uniform communication standards. These systems cannot ensure user safety until most vehicles adopt similar transmission equipment, for efficiency of information exchange. Thus, proliferation of the technology is expected to be largely dependent on the establishment of the regulatory standards to mandate installation of car to car communication systems.

Key features of the study:
This report provides in-depth analysis of V2V communication market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global V2V communication market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Detailed Segmentation:

Global V2V Communication Market, By Connectivity Type:
Cellular based technologies
DSRC

Global V2V Communication Market, By Deployment Type:
OEM devices
Aftermarket devices

Global V2V Communication Market, By Application:
Traffic safety
Traffic efficiency
Infotainment, payments and other applications

Global V2V Communication Market, By End-use:
Passenger Cars
Commercial Vehicles

Increasing adoption of V2V communication to reduce human errors and road traffic accidents is a major factor expected to aid in growth of the market
U.S. Department of Transportation is focusing on adopting the connected vehicle technology to enable vehicles to communicate with each other and prevent collisions, since 2014. The government agency also estimates that this could help to reduce around 80% of road accidents every year, which excludes the cases of mechanical failures and drunk driving in the country.

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Some of the key industry players in the V2V communication market are Audi, Autotalks Ltd, Cisco Systems Inc., Delphi Automotive PLC, Denso Corporation, Ford Motor Co., General Motors, Harman International Industries Inc., Infineon Technologies AG, Kapsch TrafficCom (Kapsch), Lear Corporation, Mercedes-Benz, Qualcomm Technologies Inc., Savari Inc., and Toyota Vacaville.

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