Learn about the global vehicle-to-vehicle (V2V) communication market through The Business Research Company, which provides information on V2V communication market size, V2V communication market drivers and restraints, V2V communication market players, the COVID-19 impact on the V2V communication market, and more.

The global vehicle-to-vehicle communication market size is expected to grow from $16.98 billion in 2021 to $19.98 billion in 2022 at a compound annual growth rate (CAGR) of 17.6%. The global V2V communication market size is expected to grow to $32.9 billion in 2026 at a CAGR of 13.3%.

Growing concern for road safety is expected to propel the growth of the vehicle-to-vehicle communications market going forward.

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The V2V communication market consists of sales of V2V communications technology by entities (organizations, sole traders, and partnerships) that enable wireless transmission of data between the two vehicles about their speed, location, and heading. V2V communication technology enables automobiles to send and receive Omni-directional data (up to 10 times per second), giving them a 360-degree knowledge of other vehicles. V2V communication makes the user identify the threats and determine potential crash threats. To warn drivers, the technology can provide visual, tactile, and aural indicators or a mix of these signals. These warnings give drivers the potential to take action to avoid collisions.

Global V2V Communication Market Segments Include:

By Vehicle Type: Passenger Cars, Commercial Vehicles

By Connectivity: Dedicated Short-Range Communication (DSRC), Cellular

By Deployment Type: Original Equipment Manufacturer (OEM) Devices, Aftermarket Devices

By Application: Traffic Safety, Traffic Efficiency, Infotainment, Payments, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the V2V communication market in 2021.

Technological advancement is a key trend gaining popularity in the vehicle-to-vehicle communications market. Major companies operating in the vehicle-to-vehicle communications sector are focused on developing new technological solutions to strengthen their position.

TBRC’s V2V communication market report covers:

Major Market Players: General Motors, Daimler AG, Toyota Motor Corporation, Volkswagen Group, Harman International Industries, Mobileye, Ford Motor Company, Bayerische Motoren Werke AG, Audi AG, Mercedes-Benz, Qualcomm, Cisco Systems Inc, Autotalks, DENSO Corporation, Arada Systems Inc, Nissan Motor Co.Ltd, Honda Motor Company Ltd, and Lear Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Vehicle-To-Vehicle (V2V) Communication Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides vehicle-to-vehicle (V2V) communication market overviews, analyzes and forecasts market size, share, vehicle-to-vehicle (V2V) communication market players, vehicle-to-vehicle (V2V) communication market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s vehicle-to-vehicle (V2V) communication market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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