Vehicle-to-Vehicle (V2V) Communication Market
Portland, OR -- (SBWIRE) -- 09/15/2017 -- Vehicle-to-vehicle (V2V) communication is a technology through which two automobiles can communicate with each other. Though this technology is under development phase, many auto manufacturers are investing in the R&D of this technology. Through this technology, cars are able to transmit speed, position, brake status, steering wheel position, and others. The broadcasted information will help in reducing accidents by alerting drivers about potential dangers. The evolution of this technology will mark a significant milestone in development of driverless cars.
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Reduced transport time and fuel consumption and contribution to improvement of the environment would result in the growth of the global vehicle-to-vehicle (V2V) market. Potential applications in collision warning, lane change warning, blind spot detection, control loss warning, emergency brake light warning, and no pass are expected to create new avenues in the industry. As vehicles will be generating a huge amount of data, it also opens up new avenues for data related industries.
The global vehicle-to-vehicle communication market is segmented based on device type and geography. Device types are divided on the basis of aftermarket device, OEM device, and infrastructure base device. The market is further classified on the basis of geography into North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa.
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Key manufacturers operating in the global vehicle-to-vehicle communication market BMW Group, General Motors, Daimler AG, Toyota, Delphi, Volkswagen group, Autotalks Limited, eTrans Systems, Honda, Audi, Volvo, Denso Corp, Qualcomm, and others. These key manufacturers have adopted strategies, such as collaborations, new product launches, merger & acquisition, expansion, partnerships, joint ventures, and others to strengthen their position in the industry.