Internet of Things Vehicle-to-Vehicle Communication Market

Internet of Things Vehicle-to-Vehicle Communication Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

Upcoming
December 2021
REP-GB-4504
Technology

Market Overview

Internet of Things Vehicle-to-Vehicle Communication Market: Introduction

Internet of Things Vehicle-to-Vehicle Communication is the part of an intelligent transport system that enables the data transfer from one vehicle to another vehicle, this system helps in improving traffic management by allowing the driver to communicate with roadside infrastructures such as traffic lights sign boards, traffic management systems and other passing by vehicles.

This technology establishes V2V communication to avoid road accidents by allowing the driver to send car location and speed related data to other nearby vehicles over the ad-hoc mesh network. In addition to above, depending on driving and road traffic situations, the drivers may receive warning signals such as the risk of an accident, which alerts the driver and helps in taking precaution such as slowing down speed, etc. This is also expected to act as a building step for autonomous vehicles market.

Internet of Things Vehicle-to-Vehicle Communication Market: Drivers and Restraints

To ensure safety while driving and to reduce the accidental rate are the factors driving the growth of the Internet of Things Vehicle-to-Vehicle Communication Market. Moreover, communication is the easy solution to avoid road traffic and channelize smooth driving, so to establish communication, the need for intelligent transport system are spurring, which is influencing the growth of the market in forthcoming years.

Further, the need of transportation for goods and people coupled with emerging technology innovation is attributing to attract investors to Internet of Things Vehicle-to-Vehicle Communication Market. On the other hand, data privacy and initial funding for setting new infrastructure are anticipated to be the major challenge, which may hinder the market growth over the forecast period.

Internet of Things Vehicle-to-Vehicle Communication Market: Regional Outlook

North America is expected to capture largest market share regarding revenue owing to increase in demand for cars that are equipped with infotainment tools. In addition to above, the National Highway Traffic Safety Administration (NHTSA) and the United States Department of Transportation (DOT) sponsored intelligent transport system (ITS) which includes Vehicle-to-Vehicle Communication. Thus the support of the government in sponsoring the Internet of Things Vehicle-to-Vehicle Communication is propelling the market growth.

Owing to the increasing demand for navigation services and telematics applications in Asia Pacific Countries such as India and China are anticipated to drive the market over the forecast period. Further, the rising living standards and augmented tech-savvy youth population in Asia Pacific countries are piloting the industry growth.

Internet of Things Vehicle-to-Vehicle Communication Market: Competition Landscape

The major players in the Internet of Things Vehicle-to-Vehicle Communication Market are Ford Motor Company, Texas Instruments Inc., Audi AG, Intel Corporation, General Motors, NXP Semiconductors N.V., Apple Inc., TOMTOM N.V., Google Inc., IBM Corporation, Robert Bosch GmbH, Cisco Systems Inc., Vodafone Group, Microsoft Corp., AT&T Inc., and Thales SA.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2012 - 2016
Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Aircraft Refurbishing Market Drivers and Restraints

Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Internet of Things Vehicle-to-Vehicle Communication Market: Segmentation

Internet of Things Vehicle-to-Vehicle Communication Market is segmented by offering, connectivity form factor, application, and region.

By offering, the Internet of Things Vehicle-to-Vehicle Communication Market can be segmented into

software
hardware
service

By Connectivity Form Factor, the Internet of Things Vehicle-to-Vehicle Communication Market can be segmented into

tethered
embedded
integrated

By application, the Internet of Things Vehicle-to-Vehicle Communication Market can be segmented into

commercial vehicles
domestic vehicles.

By Region, the Internet of Things Vehicle-to-Vehicle Communication Market can be segmented into the

Middle East and Africa
North America
Latin America
Eastern Europe
Japan
Western Europe
Asia-Pacific excluding Japan.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.