The global vehicle to vehicle (V2V) communication systems market is anticipated to grow at a significant CAGR during the forecast period. The vehicular communication system uses a wireless channel to convey data between automobiles. This information covers vehicle behaviours such as location, speed, travel direction, loss of stability, and braking. Dedicated short-range communication (DSRC), a technology utilised by vehicle-to-vehicle communication with a range of up to 300 metres or 1,000 metres or 10 seconds at highway speeds, has broader applicability in automobiles.
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It aims to avoid accidents by interacting with one another vehicle via an ad hoc network. Depending on how technology is implemented, the driver may be alerted to potential danger ahead and directed to slow down accordingly. Furthermore, by including technology such as adaptive cruise control, blind-spot detection, rear-parking sonar, blind-spot detection, lane departure, and backup camera, the communication provides all-around danger information and is projected to be more effective. Over the projected period, an increase in the number of accidents is expected to accelerate the global vehicle to vehicle communication systems market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Vehicle To Vehicle Communication System Market by Segments
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Connectivity Type
- Cellular Based Technology
- Dedicated Short-Range Communication (DSRC)
By Deployment Type
- Original Equipment Manufacturer (OEM) devices
- Aftermarket devices
Global Vehicle To Vehicle Communication System Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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