GCC Vehicle-to-Vehicle (V2V) Communication Market

GCC Vehicle-to-Vehicle (V2V) Communication Market Insights: Anticipates 3.58% CAGR and Forecast Market Trends 2028

GCC Vehicle-to-Vehicle (V2V) Communication Market Size, Share, Analysis, Trends Future & Forecast 2028

MarkNtel Advisors has recently released an all-encompassing report on GCC Vehicle-to-Vehicle (V2V) Communication Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2028: Revealing GCC Vehicle-to-Vehicle (V2V) Communication Market Insights and Analysis

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.

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Key Driver: Increasing Initiatives of the Government to Minimize Road Accidents

GCC governments are encouraging the use of vehicle-to-vehicle communication technologies to improve road safety, reduce traffic congestion, and enhance the overall efficiency of transportation systems. This is because V2V communication permits vehicles to interact with each other in real-time, which can provide drivers with warning of potential accidents or hazards on the road & aids in minimizing the number of mishaps & fatalities on the roadways.

The region is experiencing rapid urbanization, which is leading to increased traffic congestion & accidents. This technology can help to reduce these mishappenings by providing real-time traffic updates & rerouting suggestions. Additionally, the environmental benefits associated with this technology which include reducing the time that vehicles spend on the road & improving the efficiency of the transportation system, are further encouraging the government to promote the deployment of this communication technology in vehicles across the region.

Thus, with the growing awareness about road safety in the region, there is a greater focus on adopting technologies such as vehicle-to-vehicle communication, which would continue to propel the market growth during 2023-2028.

A Comprehensive Overview of Geographical Diversity:

the GCC Vehicle-to-Vehicle (V2V) Communication Market expands across:

  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

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GCC Vehicle-to-Vehicle (V2V) Communication Market Segmentation Outline:

  • By Connectivity Type
  • Dedicated Short-Range Communication (DSRC)
  • Cellular-based
  • Others (WiFi and Bluetooth, etc.)

Here, Dedicated Short Range Communication (DSRC) captured a larger share in the GCC Vehicle-to-Vehicle (V2V) Communication market historically & the same trend is anticipated to continue in the upcoming years as well.

  • By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles

Commercial Vehicles are likely to witness higher demand for V2V communication compared to passenger vehicles.

  • By Deployment Type
  • OEM
  • Aftermarket
  • By Application
  • Collision Avoidance
  • Traffic Management
  • Infotainment
  • Others (Emergency Vehicle warning, Intersection Safety, etc.)

Competitive Outlook

Etrans Solutions, Qualcomm, Cisco Systems Inc., Delphi Automotive Plc., Autotalks, DENSO Corporation, Kapsh Group, Savari Inc., Infenion Technologies AG, Lear Corporation, Others.

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