Skip to main content

Vehicle-To-Vehicle (V2V) Communication Market Prognosticated For A Ravishing Growth By 2026

V2V Communication technology refers to the systems that enable communication of automotive with each other to provide improved awareness of the surrounding environment and information regarding the future actions of the nearby vehicles. This helps in the elimination of accident threats from the blind spots and enhances user safety. Owing to the high number of incidents occurring due to human errors that can be significantly reduced with the utilization of these systems, V2V communication market is expected to witness strong growth prospects during the forecast period.


Market Dynamics
Prominent drivers of the V2V communication market include the enhanced safety through avoidance of collisions due to number of unprecedented threats that can be identified by these systems and human errors. However, the industry growth is expected to considerably challenged by the number of differences between the industry participants with respect to the adoption of common standards and the requirement of the all the vehicles to adopt uniform communication standards. These systems cannot ensure the user safety until most vehicles adopt similar transmission equipment, for the efficiency of the information exchange. Thus, proliferation of the technology is expected to be largely dependent on the establishment of the regulatory standards to mandate the installation of car to car communication systems. However, industry participants can garner growth if they establish consensus on similar standards for the deployment over the next few years.

Market Taxonomy
This report segments the global V2V communication market on the basis of connectivity type, deployment type, applications, and end use. On the basis of connectivity, the global V2V communication market is classified into DSRC, and cellular based technologies. Deployment type of V2V communication include installations in OE and aftermarket. V2V communication market application segment includes traffic safety, traffic efficiency, and infotainment, payment and other applications. On the basis of the end use, V2V communication market is segmented into passenger cars and commercial vehicles.

Vehicle-to-vehicle (V2V) communication is expected to be the key component of the future autonomous vehicle driving systems in the near future
In May 2016, a 40-year old man met with a fatal accident in his autonomous car produced by Tesla, which crashed into a tractor trailer when taking turn. The cause of the accident was supposed to be the lack of the camera to detect the object because of non-malicious/natural blinding. The outcome of the incident would have been different if both the vehicles had deployed the car to car to communication systems, and the Autopilot would have been aware of the truck’s location, speed, and its level of threat. Even if the truck lacked these systems, the surrounding cars could have relayed the data and enhanced the safety of the user. Thus, the future of the autonomous vehicle safety, is largely reliant on the propagation of these systems, and the requirement to propel the innovation in the automotive sector, V2V communication market is expected to gain substantial impetus through the forecast period.


Passenger cars are expected to dominate the end use segment of the V2V communication market through 2025
Passenger cars currently dominate the overall automotive market in terms of volume in almost all the major countries around the globe. Moreover, pilot projects conducted by industry participants, and the current deployment are majorly focused on the passenger cars. Moreover, the regulatory bodies have emphasized the importance of V2V communication in passenger cars and light vehicles such as the U.S. DoT and the NHTSA. Thus, passenger cars are expected to dominate the end use segment over the coming years. Some OEMs have started offering automotive enabled with these systems, which include Toyota, Daimler AG, and General Motors.

Some of the key industry participants in the V2V communication market are Daimler AG, Toyota, Delphi Automotive PLC, Harman International Industries, Inc., Mobileye NV, Ford Motor Co., Honda, Nissan, Volkswagen, Audi, Hyundai, and Kia. Industry participants are increasingly emphasizing on the development of the cellular based systems and commercialization of the 5G technology to support the efficiency of these systems.


Labels:

Comments

Post a Comment

Popular posts from this blog

Application Delivery Network Market 2026 Focus On Research Methodology, Market Dynamics

Application Delivery Network is a set of technologies, which provides application availability, security, visibility, and acceleration. The application development network is primarily implemented to work with dynamic content. The major advantage of application delivery network is that it helps in improving the performance of Internet traffic. Increasing data traffic is major factor driving growth of the market. According to Coherent Market Insights, in 2016, 96,054 PB IP data traffic was generated per month and is projected to reach 278,108 PB IP data traffic by 2021, worldwide. Hence, increasing data traffic have accelerated the demand for application delivery network. Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1390 Increasing adoption of mobile traffic is major factor driving growth of the market Increasing adoption of smart phones by user is one of the major reason for mobile data traffic. According to the Coherent Market Insights...
Post a Comment
Read more

Data Center Virtualization Market by 2026 Capacity, Production, Revenue & Regional Analysis

Data center virtualization is a process of designing, developing or deploying a data center on cloud computing or virtualization technology. Cost saving is one of the major factors for growth of the data center virtualization market. This is owing to the fact that data center virtualization helps to reduce hardware installation, and reduces electricity cost by providing hosted platform. Therefore, it aids small and medium sizes companies to reduce their expenses on IT department. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1245 Advantages of disaster recovery provided by data center virtualization plays a key role for growth of market in various vertical such as banking, healthcare, education, and retail. Disaster recovery-as-a-service protects company information and data from disasters by generating multiple backups. Increasing demand for data either structured or unstructured, for analyses of the market trend, customer de...
Post a Comment
Read more

APAC Electric Charging Station Market : Release Latest Trends & Industry Vision 2026

The APAC electric charging station market was valued at US$ 1,238.4 million in 2017 and is expected to increase to US$ 3,785.8 million by 2026, registering a CAGR of 30.3% over the forecast period from 2018 to 2026, according to APAC Electric Charging Station Market Report, by Charging Station Type (AC Charging, DC Charging, and Wireless Charging), by Technology  Type (Level 1, Level 2, and Level 3 ), by End User (Private and Public), and by Country (China, Japan, ASEAN, Australia, South Korea, and Rest of Asia Pacific), published by Coherent Market Insights. Request Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/2473 Increasing awareness about pollution hazards and efforts taken to reduce the same is expected to drive growth of the APAC electric charging station market. Dependence on fuels that are imported is one of the major issues faced by Asian countries. Usage of electric vehicles helps in reducing the use of fuel. Moreove...
Post a Comment
Read more