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Global Vehicle-To-Vehicle Communication Market to reach USD 78.54 billion by the end of 2030.

Global Vehicle-To-Vehicle Communication Market Size study & Forecast, by Vehicle Type (Passenger Cars, Commercial Vehicle) By Connectivity Type (Cellular Based Technology, Dedicated Short -Range Communication) Deployment Type(OEM Devices, Aftermarket Devices) And Regional Analysis, 2023-2030

Product Code: ALTST-10690256
Publish Date: 19-06-2023
Page: 200

Global Vehicle-To-Vehicle Communication Market is valued approximately at USD 22.99 billion in 2022 and is anticipated to grow with a growth rate of more than 16.6% over the forecast period 2023-2030. Vehicle to Vehicle communication enables cars to communicate with each other and also with infrastructure such as traffic lights. V2V communication technology helps to avoid crashes and traffic problem. The Vehicle-To-Vehicle Communication market is expanding because of factors such as rising in road traffic accidents and rising in commercial vehicles. however, its importance has progressively increased during the last few decades.
According to the World Health Organization in June 2021, Road traffic accidents claim the lives of approximately 1.3 million people annually, with low- and middle-income countries accounting for 93% of all traffic deaths. Another important component driving is rising in commercial vehicles. According to the Statista in 2021, the globe manufactured about 23.24 million large buses, light commercial vehicles, and trucks. Around 80% of all commercial vehicles produced worldwide in that year were light commercial vehicles. In addition, automotive cyber security solutions and connected car services would create lucrative growth opportunities. However, implementation of V2V communication requires the automotive manufacturers to agree upon standards, funding, and data privacy concerns and security issues stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Vehicle-To-Vehicle Communication Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the V2V communication holding the largest market share owing to the growing adoption of advanced technology, growing population and growing investment by government and private sectors in this region to enhance safety and traffic efficiency. According to the Statista in 2022, Connected Car Market in the United States, it is anticipated that 146 million connected vehicles would be in use by 2030. Asia Pacific is fastest growing region during the forecast period, owing to factors such as growing demand for fully autonomous driving and safe vehicles, advancements in 5G technology, increased electric vehicles (EV) sales, government regulations to curb emissions, and need to reduce traffic congestion.

Major market player included in this report are:

Bayerische Motoren Werke BMW
Audi Automobilwerke
Mercedes-Benz Group
Volvo Group
Ford Motor Company
Cisco Systems Inc.
Delphi Automotive Plc
Autotalks Ltd.
DENSO Corporation
Nav Wireless Technologies Pvt. Ltd

Recent Developments in the Market:

Ø In October 2022, Nav Wireless Technologies Pvt. Ltd., an India-based communication technology company, introduced Defense Expo, advanced vehicle-to-Vehicle communication technology for armed forces to share data more securely. Defense Expo is an optical LiFi-based communication that uses LEDs in vehicles to transfer data from one vehicle to another vehicle using the light spectrum.
Ø In April 2023, Cisco and Mercedes-Benz Announce In-Car Mobility at MWC Barcelona announced at the Mobile World Congress (MWC) in Barcelona, the partnership UC Today first reported on last week is intended to aim at the hybrid work market and looks to transform cars into a home office by making the tech safe and secure while capitalising on Mercedes-Benz renown for high-end comfort.
Global Vehicle-To-Vehicle Communication Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Vehicle Type, Connectivity Type, Deployment Type , Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:
Passenger Cars
Commercial Vehicle

By Connectivity Type:
Cellular Based Technology
Dedicated Short -Range Communication

By Deployment Type:
OEM Devices
Aftermarket Devices

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Vehicle-To-Vehicle Communication Market, by region, 2020-2030 (USD Billion)
1.2.2. Vehicle-To-Vehicle Communication Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.3. Vehicle-To-Vehicle Communication Market, by Connectivity Type, 2020-2030 (USD Billion)
1.2.4. Vehicle-To-Vehicle Communication Market, by Deployment Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vehicle-To-Vehicle Communication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vehicle-To-Vehicle Communication Market Dynamics
3.1. Vehicle-To-Vehicle Communication Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising number of road traffic accidents Rising number of commercial vehicles
3.1.2. Market Challenges Data privacy concerns Security issues
3.1.3. Market Opportunities Increase in automotive cyber security solutions Rise in Connected car services
Chapter 4. Global Vehicle-To-Vehicle Communication Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Vehicle-To-Vehicle Communication Market, by Vehicle Type
5.1. Market Snapshot
5.2. Global Vehicle-To-Vehicle Communication Market by Vehicle Type, Performance – Potential Analysis
5.3. Global Vehicle-To-Vehicle Communication Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
5.4. Vehicle-To-Vehicle Communication Market, Sub Segment Analysis
5.4.1. Passenger Cars
5.4.2. Commercial Vehicle
Chapter 6. Global Vehicle-To-Vehicle Communication Market, by Connectivity Type
6.1. Market Snapshot
6.2. Global Vehicle-To-Vehicle Communication Market by Connectivity Type, Performance – Potential Analysis
6.3. Global Vehicle-To-Vehicle Communication Market Estimates & Forecasts by Connectivity Type 2020-2030 (USD Billion)
6.4. Vehicle-To-Vehicle Communication Market, Sub Segment Analysis
6.4.1. Cellular Based Technology
6.4.2. Dedicated Short -Range Communication
Chapter 7. Global Vehicle-To-Vehicle Communication Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Vehicle-To-Vehicle Communication Market by Deployment Type, Performance – Potential Analysis
7.3. Global Vehicle-To-Vehicle Communication Market Estimates & Forecasts by Deployment Type 2020-2030 (USD Billion)
7.4. Vehicle-To-Vehicle Communication Market, Sub Segment Analysis
7.4.1. OEM Devices
7.4.2. Aftermarket Devices
Chapter 8. Global Vehicle-To-Vehicle Communication Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Vehicle-To-Vehicle Communication Market, Regional Market Snapshot
8.4. North America Vehicle-To-Vehicle Communication Market
8.4.1. U.S. Vehicle-To-Vehicle Communication Market Vehicle Type breakdown estimates & forecasts, 2020-2030 Connectivity Type breakdown estimates & forecasts, 2020-2030 Deployment Type breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Vehicle-To-Vehicle Communication Market
8.5. Europe Vehicle-To-Vehicle Communication Market Snapshot
8.5.1. U.K. Vehicle-To-Vehicle Communication Market
8.5.2. Germany Vehicle-To-Vehicle Communication Market
8.5.3. France Vehicle-To-Vehicle Communication Market
8.5.4. Spain Vehicle-To-Vehicle Communication Market
8.5.5. Italy Vehicle-To-Vehicle Communication Market
8.5.6. Rest of Europe Vehicle-To-Vehicle Communication Market
8.6. Asia-Pacific Vehicle-To-Vehicle Communication Market Snapshot
8.6.1. China Vehicle-To-Vehicle Communication Market
8.6.2. India Vehicle-To-Vehicle Communication Market
8.6.3. Japan Vehicle-To-Vehicle Communication Market
8.6.4. Australia Vehicle-To-Vehicle Communication Market
8.6.5. South Korea Vehicle-To-Vehicle Communication Market
8.6.6. Rest of Asia Pacific Vehicle-To-Vehicle Communication Market
8.7. Latin America Vehicle-To-Vehicle Communication Market Snapshot
8.7.1. Brazil Vehicle-To-Vehicle Communication Market
8.7.2. Mexico Vehicle-To-Vehicle Communication Market
8.8. Middle East & Africa Vehicle-To-Vehicle Communication Market
8.8.1. Saudi Arabia Vehicle-To-Vehicle Communication Market
8.8.2. South Africa Vehicle-To-Vehicle Communication Market
8.8.3. Rest of Middle East & Africa Vehicle-To-Vehicle Communication Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Bayerische Motoren Werke BMW Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Audi Automobilwerke
9.3.3. Mercedes-Benz Group
9.3.4. Volvo Group
9.3.5. Ford Motor Company
9.3.6. Cisco Systems Inc.
9.3.7. Delphi Automotive Plc
9.3.8. Autotalks Ltd.
9.3.9. DENSO Corporation
9.3.10. Nav Wireless Technologies Pvt. Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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