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Vehicle To Vehicle Communication Systems-Global Market Insights and Sales Trends 2025
Synopsis
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).
The global Vehicle To Vehicle Communication Systems market size is expected to reach US$ 2306.3 million by 2029, growing at a CAGR of 4.9% from 2023 to 2029. The market is mainly driven by the significant applications of Vehicle To Vehicle Communication Systems in various end use industries. The expanding demands from the Traffic Safety, Traffic Efficiency, Infotainment and Payments, are propelling Vehicle To Vehicle Communication Systems market. OEM Devices, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Aftermarket Devices segment is estimated at % CAGR for the next seven-year period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Vehicle To Vehicle Communication Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Vehicle To Vehicle Communication Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Vehicle To Vehicle Communication Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vehicle To Vehicle Communication Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Vehicle To Vehicle Communication Systems covered in this report include BMW, Ferrari, Audi, Suzuki, Volkswagen, Google X, Telsa, Honda Denso corporation and Traffic Corp, etc.
The global Vehicle To Vehicle Communication Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BMW
Ferrari
Audi
Suzuki
Volkswagen
Google X
Telsa
Honda Denso corporation
Traffic Corp
Global Vehicle To Vehicle Communication Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Vehicle To Vehicle Communication Systems market, Segment by Type:
OEM Devices
Aftermarket Devices
Global Vehicle To Vehicle Communication Systems market, by Application
Traffic Safety
Traffic Efficiency
Infotainment
Payments
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Vehicle To Vehicle Communication Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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).
The global Vehicle To Vehicle Communication Systems market size is expected to reach US$ 2306.3 million by 2029, growing at a CAGR of 4.9% from 2023 to 2029. The market is mainly driven by the significant applications of Vehicle To Vehicle Communication Systems in various end use industries. The expanding demands from the Traffic Safety, Traffic Efficiency, Infotainment and Payments, are propelling Vehicle To Vehicle Communication Systems market. OEM Devices, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Aftermarket Devices segment is estimated at % CAGR for the next seven-year period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Vehicle To Vehicle Communication Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Vehicle To Vehicle Communication Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Vehicle To Vehicle Communication Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vehicle To Vehicle Communication Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Vehicle To Vehicle Communication Systems covered in this report include BMW, Ferrari, Audi, Suzuki, Volkswagen, Google X, Telsa, Honda Denso corporation and Traffic Corp, etc.
The global Vehicle To Vehicle Communication Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BMW
Ferrari
Audi
Suzuki
Volkswagen
Google X
Telsa
Honda Denso corporation
Traffic Corp
Global Vehicle To Vehicle Communication Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Vehicle To Vehicle Communication Systems market, Segment by Type:
OEM Devices
Aftermarket Devices
Global Vehicle To Vehicle Communication Systems market, by Application
Traffic Safety
Traffic Efficiency
Infotainment
Payments
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Vehicle To Vehicle Communication Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Vehicle To Vehicle Communication Systems
1.1 Vehicle To Vehicle Communication Systems Market Overview
1.1.1 Vehicle To Vehicle Communication Systems Product Scope
1.1.2 Vehicle To Vehicle Communication Systems Market Status and Outlook
1.2 Global Vehicle To Vehicle Communication Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Vehicle To Vehicle Communication Systems Market Size by Region (2018-2029)
1.4 Global Vehicle To Vehicle Communication Systems Historic Market Size by Region (2018-2023)
1.5 Global Vehicle To Vehicle Communication Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Vehicle To Vehicle Communication Systems Market Size (2018-2029)
1.6.1 North America Vehicle To Vehicle Communication Systems Market Size (2018-2029)
1.6.2 Europe Vehicle To Vehicle Communication Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Vehicle To Vehicle Communication Systems Market Size (2018-2029)
1.6.4 Latin America Vehicle To Vehicle Communication Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Vehicle To Vehicle Communication Systems Market Size (2018-2029)
2 Vehicle To Vehicle Communication Systems Market by Type
2.1 Introduction
2.1.1 OEM Devices
2.1.2 Aftermarket Devices
2.2 Global Vehicle To Vehicle Communication Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Vehicle To Vehicle Communication Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Vehicle To Vehicle Communication Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Vehicle To Vehicle Communication Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Vehicle To Vehicle Communication Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Vehicle To Vehicle Communication Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Vehicle To Vehicle Communication Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Vehicle To Vehicle Communication Systems Revenue Breakdown by Type (2018-2029)
3 Vehicle To Vehicle Communication Systems Market Overview by Application
3.1 Introduction
3.1.1 Traffic Safety
3.1.2 Traffic Efficiency
3.1.3 Infotainment
3.1.4 Payments
3.1.5 Others
3.2 Global Vehicle To Vehicle Communication Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Vehicle To Vehicle Communication Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Vehicle To Vehicle Communication Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Vehicle To Vehicle Communication Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Vehicle To Vehicle Communication Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Vehicle To Vehicle Communication Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Vehicle To Vehicle Communication Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Vehicle To Vehicle Communication Systems Revenue Breakdown by Application (2018-2029)
4 Vehicle To Vehicle Communication Systems Competition Analysis by Players
4.1 Global Vehicle To Vehicle Communication Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Vehicle To Vehicle Communication Systems as of 2022)
4.3 Date of Key Players Enter into Vehicle To Vehicle Communication Systems Market
4.4 Global Top Players Vehicle To Vehicle Communication Systems Headquarters and Area Served
4.5 Key Players Vehicle To Vehicle Communication Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Vehicle To Vehicle Communication Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 BMW
5.1.1 BMW Profile
5.1.2 BMW Main Business
5.1.3 BMW Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.1.4 BMW Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.1.5 BMW Recent Developments
5.2 Ferrari
5.2.1 Ferrari Profile
5.2.2 Ferrari Main Business
5.2.3 Ferrari Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.2.4 Ferrari Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.2.5 Ferrari Recent Developments
5.3 Audi
5.3.1 Audi Profile
5.3.2 Audi Main Business
5.3.3 Audi Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.3.4 Audi Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.3.5 Suzuki Recent Developments
5.4 Suzuki
5.4.1 Suzuki Profile
5.4.2 Suzuki Main Business
5.4.3 Suzuki Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.4.4 Suzuki Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.4.5 Suzuki Recent Developments
5.5 Volkswagen
5.5.1 Volkswagen Profile
5.5.2 Volkswagen Main Business
5.5.3 Volkswagen Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.5.4 Volkswagen Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Volkswagen Recent Developments
5.6 Google X
5.6.1 Google X Profile
5.6.2 Google X Main Business
5.6.3 Google X Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.6.4 Google X Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.6.5 Google X Recent Developments
5.7 Telsa
5.7.1 Telsa Profile
5.7.2 Telsa Main Business
5.7.3 Telsa Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.7.4 Telsa Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Telsa Recent Developments
5.8 Honda Denso corporation
5.8.1 Honda Denso corporation Profile
5.8.2 Honda Denso corporation Main Business
5.8.3 Honda Denso corporation Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.8.4 Honda Denso corporation Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Honda Denso corporation Recent Developments
5.9 Traffic Corp
5.9.1 Traffic Corp Profile
5.9.2 Traffic Corp Main Business
5.9.3 Traffic Corp Vehicle To Vehicle Communication Systems Products, Services and Solutions
5.9.4 Traffic Corp Vehicle To Vehicle Communication Systems Revenue (US$ Million) & (2018-2023)
5.9.5 Traffic Corp Recent Developments
6 North America
6.1 North America Vehicle To Vehicle Communication Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Vehicle To Vehicle Communication Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Vehicle To Vehicle Communication Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Vehicle To Vehicle Communication Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Vehicle To Vehicle Communication Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Vehicle To Vehicle Communication Systems Market Dynamics
11.1 Vehicle To Vehicle Communication Systems Industry Trends
11.2 Vehicle To Vehicle Communication Systems Market Drivers
11.3 Vehicle To Vehicle Communication Systems Market Challenges
11.4 Vehicle To Vehicle Communication Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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