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(IT-NEWSWIRE.COM, January 09, 2019 ) Vehicular communication systems are networks in which vehicles and roadside units are the communicating nodes, providing each other with information, such as safety warnings and traffic information. They can be effective in avoiding accidents and traffic congestion. Both types of nodes are dedicated short-range communications (DSRC) devices. DSRC works in 5.9 GHz band with bandwidth of 75 MHz and approximate range of 300 m. Vehicular communications is usually developed as a part of intelligent transportation systems (ITS).
Scope of the Report:
This report studies the Vehicle To Vehicle Communication Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Vehicle To Vehicle Communication Systems market by product type and applications/end industries.
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. The forward and backwards collision detection system are key drivers for this V2V systems market which helps to prevent the accidents. The Blind spot informs the driver that vehicle is an adjacent side lane is located in driver's blind zone and alerts to the driver about the presence car or vehicle these are on-going technologies in V2V communication systems. The key restraint of the market is high initial cost, which is hampering the growth of V2V systems. In terms of revenue, Asia Pacific is expected to account for significant market share by 2025. Prominent factors in the region include the presence of the world's largest automotive manufacturing and consumer market in China, followed by substantial number of initiatives in Japan, Australia, and South Korea. North America will witness the highest penetration of the technology.
The global Vehicle To Vehicle Communication Systems market is valued at 1650 million USD in 2017 and is expected to reach 2190 million USD by the end of 2023, growing at a CAGR of 4.8% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Vehicle To Vehicle Communication Systems.
Market Segment by Companies, this report covers
BMW
Ferrari
Audi
Suzuki
Volkswagen
Google X
Telsa
Honda Denso corporation
Traffic Corp
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Market Segment by Type, covers
OEM Devices
Aftermarket Devices
Market Segment by Applications, can be divided into
Traffic Safety
Traffic Efficiency
Infotainment
Payments
Others
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Table of Contents
1 Vehicle To Vehicle Communication Systems Market Overview
2 Manufacturers Profiles
2.1 BMW
2.1.1 Business Overview
2.1.2 Vehicle To Vehicle Communication Systems Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 BMW Vehicle To Vehicle Communication Systems Revenue, Gross Margin and Market Share (2016-2017)
2.2 Ferrari
2.2.1 Business Overview
2.2.2 Vehicle To Vehicle Communication Systems Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Ferrari Vehicle To Vehicle Communication Systems Revenue, Gross Margin and Market Share (2016-2017)
2.3 Audi
2.3.1 Business Overview
2.3.2 Vehicle To Vehicle Communication Systems Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Audi Vehicle To Vehicle Communication Systems Revenue, Gross Margin and Market Share (2016-2017)
3 Global Vehicle To Vehicle Communication Systems Market Competition, by Players
4 Global Vehicle To Vehicle Communication Systems Market Size by Regions
5 North America Vehicle To Vehicle Communication Systems Revenue by Countries
6 Europe Vehicle To Vehicle Communication Systems Revenue by Countries
7 Asia-Pacific Vehicle To Vehicle Communication Systems Revenue by Countries
8 South America Vehicle To Vehicle Communication Systems Revenue by Countries
9 Middle East and Africa Revenue Vehicle To Vehicle Communication Systems by Countries
10 Global Vehicle To Vehicle Communication Systems Market Segment by Type
11 Global Vehicle To Vehicle Communication Systems Market Segment by Application
12 Global Vehicle To Vehicle Communication Systems Market Size Forecast (2018-2023)
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Rajat Sahni
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Source: EmailWire.Com 
Source: EmailWire.com
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