The latest report by MarkNtel Advisors, titled “GCC Vehicle-to-Vehicle (V2V) Communication Market” Size study report 2023-28 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. GCC Vehicle-to-Vehicle (V2V) Communication Market Share, Size, and Industry Analysis. By Connectivity Type (Dedicated Short-Range Communication [DSRC], Cellular-based, Others [WiFi and Bluetooth, etc.]), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Deployment Type (OEM, Aftermarket), By Application (Collision Avoidance, Traffic Management, Infotainment, Others), By Country (Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman). The GCC Vehicle-to-Vehicle (V2V) Communication market is projected to grow at a CAGR of around 3.58% during the forecast period, i.e., 2023-28.
Key Highlights of the Market Report:
- Detailed overview of the market share
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of GCC Vehicle-to-Vehicle (V2V) Communication Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
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Possible Restraint: Potential Threat of Cyberattacks to Restrict the Growth
With the surging integration of various software in autonomous & electric vehicles, the threat of cybersecurity breaches has widely increased, thereby leading to slower adoption of vehicle-to-vehicle communication. The technological systems employ a wide range of software & networking options, including sensors & information technology-based solutions, to generate statistics related to traffic & accidents, etc., to be used by the drivers for efficient & low-risk transportation.
As a result of the likelihood of this software being hacked, as all vehicle-related data is stored in cloud-based services, there has been a surge in data breaches, raising security worries among car makers and individuals preferring to use autonomous services. This has made it difficult for suppliers of this communication technology services to maintain a level of security to promote efficient & effective transportation while also engaging in R&D operations to introduce new technology, thus negatively impacting the market growth.
GCC Vehicle-to-Vehicle (V2V) Communication Market Segmentation
By Connectivity Type
-Dedicated Short-Range Communication (DSRC)
-Cellular-based
-Others (WiFi and Bluetooth, etc.)
By Vehicle Type
-Passenger Cars
-Commercial Vehicles
By Deployment Type
-OEM
-Aftermarket
By Application
-Collision Avoidance
-Traffic Management
-Infotainment
-Others (Emergency Vehicle warning, Intersection Safety, etc.)
By Country
-Saudi Arabia
-The UAE
-Qatar
-Kuwait
-Bahrain
-Oman
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Major Key Players in GCC Vehicle-to-Vehicle (V2V) Communication Market research report:
-Etrans Solutions
-Qualcomm
-Cisco Systems Inc.
-Delphi Automotive Plc.
-Autotalks
-DENSO Corporation
-Kapsh Group
-Savari Inc.
-Infenion Technologies AG
-Lear Corporation
-Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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