Vehicle-to-vehicle communication (V2V communication) is referred to the wireless transmission of information such as what they’re doing between automobiles. The data would include speed, location, direction of travel, braking, and loss of stability. The global vehicle to vehicle communication market is expected to grow significantly in the coming years. The major factors contributing to the growth of the market are advancement in wireless communication, information sharing, and increasing roadside communication infrastructure.
The global vehicle to vehicle communication market report has been segmented on the basis of type, technology, and region.
On the basis of type, the global vehicle to vehicle communication market is segmented into OEM devices, aftermarket devices, and infrastructure-based devices. OEM device is build or integrated into the vehicle during vehicle production. Aftermarket devices are the device which may not be fully integrated to the vehicle but they solve the purpose and for convenience are added after the original assembly of the vehicle. Infrastructure based devices include the exchange of secure information and operational data between vehicles.
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On the basis of technology, the global vehicle to vehicle communication market is segmented into big data analytics, smart sensors, and cloud computing.
On the basis of region, the global vehicle to vehicle communication market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in North America is expected to dominate the global vehicle to vehicle communication market owing to presence of large players such as General Motors and initiatives undertaken by the government and major automotive players in the US. Major key car manufacturers, especially in North America, focus on deploying V2V solutions in their premium model cars. For instance; In March 2017, General Motors Company introduced V2V solutions on its premium series car model ‘Cadillac CTS 2017’ in order to enhance its presence in the V2V communication market.
Key players in the global vehicle to vehicle communication market include General Motors Company, Daimler AG, Toyota Motor Corporation, Aptiv PLC, Harman International Industries, Inc., Mobileye NV, Ford Motor Company, Audi AG, Nissan Motor Co., Ltd., and Volkswagen Aktiengesellschaft.