The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Vehicle-to-Vehicle (V2V) Communication Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
GCC Vehicle-to-Vehicle (V2V) Communication Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in GCC Vehicle-to-Vehicle (V2V) Communication Market Segmentation?
The report has segmented the market into the following categories
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. The ease of implementation & communication verified data security standards & higher safety offered by the dedicated short-range communication is a key factor augmenting their use of this technology. Additionally, the ability of the DSRC to effectively communicate with other vehicles within short- to medium-range, without much interference, makes DSRC a suitable connectivity type to be deployed in autonomous & advanced vehicles.
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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Key Factor Driver GCC Vehicle-to-Vehicle (V2V) Communication Industry Growth by 2028
ith 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.
Who are the Key Players Operating in the GCC Vehicle-to-Vehicle (V2V) Communication Industry?
The top companies of the GCC Vehicle-to-Vehicle (V2V) Communication market ruling the industry are:
- 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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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Vehicle-to-Vehicle (V2V) Communication Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Vehicle-to-Vehicle (V2V) Communication industry?
- Which is the Leading segment in the market?
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