Global Vehicle to Vehicle / Vehicle to Infrastructure Market report 2024 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.
The Vehicle to Vehicle /Vehicle to Infrastructure market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular cloud computing helps in managing traffic congestions by providing access to library of maps and shortcuts and enhanced security.
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North America especially the US dominates the Vehicle to Vehicle /Vehicle to Infrastructure market due to the significant initiatives taken by the government and the increasing demand for connected car technology. The U.S. auto manufacturers and technology firms have been coordinating on V2X communication 5G network standards. They are striving to work together and cooperate with government to formulate policies that facilitate software development and road testing thus enhancing consumer safety.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- General Motors
- Delphi Automotive LLP
- Daimler AG
- Toyota Motor Corporation
- Volvo Cars
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The major factors driving the Vehicle to Vehicle /Vehicle to Infrastructure market include development in wireless technology, increasing roadways communication infrastructure, sharing of vehicle information and growing awareness for driver’s safety. The use of smart connected technologies such as IoT, sensors and GPS in the V2V and V2I technology proves to be an effective tool for fleet management as the drivers get real time information regarding traffic congestions. This assists in increasing traffic efficiency, reduction in transport time, fuel consumption and environmental pollution.
However high operating costs and huge initial investment are the factors restraining the growth of Vehicle to Vehicle /Vehicle to Infrastructure market. Moreover, the developing countries lack cellular connectivity platform and advanced infrastructure which imposes a major barrier for the acceptance of the smart communication technologies in these regions. The security of huge data generated by the vehicles also acts as a barrier as this data needs to be stored in cloud platforms with high storage capability. Hence, security and data privacy concerns and standardization of protocol are some of the factors having a negative impact on the Vehicle to Vehicle /Vehicle to Infrastructure market growth.
The Vehicle to Vehicle /Vehicle to Infrastructure market is fragmented with the presence of a substantial number of players. Some of the players present in the market are General Motors, Volkswagen, Delphi Automotive LLP, Audi, BMW, Daimler AG, Toyota Motor Corporation and Volvo Cars.