Why Vehicle To Vehicle Communication Market is growing rapidly? BMW Group, Daimler AG, General Motors, Toyota, Volkswagen group, Delphi, Autotalks Limited, eTrans Systems, Honda, Volvo, Audi, Denso Corp, Qualcomm
Increasing traffic efficiency with traffic congestion control which results in reduced transport time, fuel consumption and thus contributing to improving the environment is likely to positively impact the industry growth over the forecast period. Furthermore, impending clash with pedestrians or bicyclists carrying a smart phone could also be avoided, as constant signals between vehicles and smart phones warns the driver even if the roadway conditions impair driver vision.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/191
Applications of vehicle to vehicle communication market include forward collision warning, blind spot warning and lane change warning, emergency brake light warning, control loss warning and no pass warning. Forward collision warns the driver of the threat of an approaching rear-end collision with a vehicle to the front in the same direction and lane of travel which helps in preventing an accident. It acts as the major driver to the industry growth. Moreover, blind spot informs the driver that a vehicle in an adjacent lane is located in the driver's blind spot zone and alerts about the presence of another vehicle. Initial high cost involved is expected to hamper growth over the forecast period.
Connected vehicles would generate huge amounts of data if consumers choose to share it. This has the potential to open up a range of opportunities for consumer engagement and indeed monetization for the data owner. This will become a source of competitive advantage for OEMs, technology companies and insurers as well as supporting automated traffic flow management. The long term goal of vehicle to vehicle communication market is to introduce the driverless cars.
In U.S., approximately 5,000,000 crashes occur on roads every year, out of which about 30,000 are fatal. The prospect of avoiding such accidents would offer significant impulsion for networking technology. These accidents can be reduced with the implementation of vehicle to vehicle communication devices.
Global vehicle to vehicle communication market can be segmented on the basis of devices which include OEM device, aftermarket device and infrastructure base device. The OEM device offers highly accurate information using in-vehicle information to generate the basic safety message. In addition, aftermarket devices are used to alert the driver of a vehicle similar to those provided by an OEM installed. The market can be further segmented on the basis of geography which includes North America, Europe, Asia Pacific, Latin America and MEA.
North America, predominantly the U.S. vehicle to vehicle communication market dominated global demand in 2015. Europe is likely to witness highest gains over the forecast period. Asia Pacific, Latin America and the Middle East are likely to witness moderate growth rates over the forecast period, owing to low awareness.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/191
Key participants with vehicle to vehicle communication market share include BMW Group, Daimler AG, General Motors, Toyota, Volkswagen group, Delphi, Autotalks Limited, eTrans Systems, Honda, Volvo, Audi, Denso Corp, Qualcomm, Savari INC and Kapsch's TrafficCom among others.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Why Vehicle To Vehicle Communication Market is growing rapidly? BMW Group, Daimler AG, General Motors, Toyota, Volkswagen group, Delphi, Autotalks Limited, eTrans Systems, Honda, Volvo, Audi, Denso Corp, Qualcomm here
News-ID: 2034129 • Views: 186
More Releases from Global Market Insights, Inc.
Dicyclopentadiene (DCPD) Market 2020-2024 |Analysis by key Players The Dow Chemi …
Dicyclopentadiene Market size is projected to exceed USD 800 million by 2024.Hydrocarbon resins and polyester grade products are estimated to mutually hold more than half of the global market share over 2018-2024. This is because, these product grades are less expensive as compared to high purity grades and are extensively used to produce PSA tapes & labels, adhesives, specialty wax, and many products, owing to commendable mechanical properties along with
Xylenols Market by key Players SABIC, Nanjing Datang Chemical, Sigma Aldrich and …
Xylenols Market size is likely to witness significant growth during the forecast time period pertaining to its increasing applications in various end use industries such as healthcare, automotive & aerospace and substantial growth in chemical industry. These products are widely used in the manufacturing of insecticides, disinfectants and phenolic resins owing to their unique reactivity properties which is likely to accelerate the xylenols market growth. The information provided in the report
Advanced Persistent Threats (APT) Market: Good Opportunity to Hit New Growth Lev …
The study is titled 'Global Advanced Persistent Threats (APT) Market Research Report', in which extensive research has been undertaken by analysts and a detailed evaluation of the global market has been provided. The report includes an in-depth, extensive study of this market in tandem with vital parameters that are likely to have an effect on the market commercialization matrix. A highly analytical qualitative as well as quantitative evaluation of the global
Real Time Location System (RTLS) Market: Good Opportunity to Hit New Growth Leve …
The study is titled 'Global Real Time Location System (RTLS) Market Research Report', in which extensive research has been undertaken by analysts and a detailed evaluation of the global market has been provided. The report includes an in-depth, extensive study of this market in tandem with vital parameters that are likely to have an effect on the market commercialization matrix. A highly analytical qualitative as well as quantitative evaluation of the
More Releases for Vehicle
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Detectors Market
https://www.qandqmarketresearch.com/reports/7194018/vehicle-detectors-market-104 Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast
Worldwide Technology: Vehicle-To-Vehicle (V2V) Communication Market 2018
Qyresearchreports include new market research report "Global Vehicle-To-Vehicle (V2V) Communication Market Research Report 2018" to its huge collection of research reports. A holistic and detailed overview of the global Vehicle-To-Vehicle (V2V) Communication market that includes information derived from utilizing various quantitative and qualitative analysis techniques has been compiled in this latest market report. This compilation offers its readers a great overview of the Vehicle-To-Vehicle (V2V) Communication market during a forecast period
Global Industrial Vehicle Market
Global Industrial Vehicle Market: Key Trends and Drivers Battery operated vehicles are considered as the biggest drivers for the market today. They can be easily adopted in industries since they’re relatively more economical during operation with low maintenance cost, and work more efficiently. The global industrial vehicle market is characterized by innovative, automated and eco-friendly vehicle. Evolving requirements of material-handling vehicles globally trends the industrial vehicle market growth.