Houston, TX -- (SBWIRE) -- 07/05/2018 -- The global Vehicle To Vehicle Communication Systems market size was 1650 million US$ and it is expected to reach 2420 million US$ by the end of 2025, with a CAGR of 4.9% between 2018 and 2025.

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).

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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.

Companies Profiled in this report includes, BMW, Ferrari, Audi, Suzuki, Volkswagen, Google X, Telsa, Honda Denso corporation, Traffic Corp, among others.

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.

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The research publication presents an objective and comprehensive overview of the global Vehicle To Vehicle Communication Systems market for the period, emphasizing on the definition, industry chain structure, application, classification, policy evaluation, industry overview, and news analysis of the global market. The overall global demand for the market over the report's forecast period forms the main focus of the report. Divided into a number of concise and in-depth chapters, the research study is supported with the help of a list of figures and tables that give clients a quantitative assessment of the global market.

The report has been compiled using primary and secondary research methodologies. The information has been collected from reliable sources such as interviews with market leaders, journals, publications, conferences, and white papers. The report analyzes the historical data along with the current developments in the market to provide map a fair trajectory of the Global Vehicle To Vehicle Communication Systems Market for the coming few years.

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Table of Contents

Global Vehicle To Vehicle Communication Systems Market Research Report 2018

Chapter 1 Global Vehicle To Vehicle Communication Systems Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast