By Connectivity Type (Dedicated Short-Range Communication [DSRC], Cellular-based, Others [WiFi and Bluetooth, etc.]), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Depl......oyment Type (OEM, Aftermarket), By Application (Collision Avoidance, Traffic Management, Infotainment, Others), By Country (Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman), By Company (Etrans Solutions, Qualcomm, Cisco Systems Inc., Delphi Automotive Plc., Autotalks, DENSO Corporation, Kapsh Group, Savari Inc., Infenion Technologies AG, Lear Corporation, Others) Read more
- ICT & Electronics
- Mar 2023
- 176
- PDF, Excel, PPT
Market Definition
Vehicle-to-vehicle communication is a network that enables automobiles to wirelessly exchange information with each other about their speed, location, route, safety warnings, traffic information, etc. This innovation is crucial for enhancing road safety by providing incident alerts before a driver discovers them. This technology gives persistent 360-degree surveillance of potential hazards, improving efficiency and security.
Market Insights & Analysis: GCC Vehicle-to-Vehicle (V2V) Communication Market (2023-28)
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. The growth is attributed to the rising focus of the GCC nations to adopt digitalized & advanced cellular-based technologies in various industrial verticals, including automotive. Regional countries such as the UAE & Saudi Arabia are expected to register higher growth rates & hold a significant market share due to the growing uptake of the national governments & automotive manufacturers to boost the production activities of autonomous vehicles & boost their deployment in the national transportation services.
Moreover, continuous improvements & investments in upgrading the network technology from 3G & 4G to high-speed 5G connection by the government of Saudi Arabia & the UAE to enhance the penetration of digitalized services & adopt advanced mobility solutions is presumed to continue to support the integration of this communication technology in the automobiles in both the countries.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 3.58% |
| Country Covered | Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman |
| Key Companies Profiled | Etrans Solutions, Qualcomm, Cisco Systems Inc., Delphi Automotive Plc., Autotalks, DENSO Corporation, Kapsh Group, Savari Inc., Infenion Technologies AG, Lear Corporation, Others |
| Unit Denominations | USD Million/Billion |
On the other hand, the absence of supportive government policies due to a lack of awareness & a shortage of potential automotive manufacturers in GCC nations such as Kuwait, Qatar, Bahrain, and Oman is expected to contribute to a marginal or negligible share of these countries in the market in the region. Additionally, the marginal demand for this communication technology from these countries is expected to be witnessed from the aftersales segment dominantly.
Further, the region is witnessing a rise in automotive manufacturing activities by companies such as Saudi National Automotive Manufacturing Company (SNAM), Falak Motors, etc., who are largely focused on electric & autonomous vehicle manufacturing activities. Thus, this is predicted to propel the demand for this communication technology from OEMs, hence aiding in enhancing the GCC Vehicle-to-Vehicle (V2V) Communication Market size in the upcoming years.
Market Dynamics
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.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- GCC Vehicle-to-Vehicle (V2V) Communication Market Trends & Insights
- GCC Vehicle-to-Vehicle (V2V) Communication Market Dynamics
- Drivers
- Challenges
- GCC Vehicle-to-Vehicle (V2V) Communication Market Regulations & Policies
- GCC Vehicle-to-Vehicle (V2V) Communication Market, Supportive Government Initiatives for V2V Adoption, By Country
- GCC Vehicle-to-Vehicle (V2V) Communication Market Hotspots & Opportunities
- GCC Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & 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 (Emergency Vehicle warning, Intersection Safety, etc.)
- By Country
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Bahrain
- Oman
- By Company
- Competition Characteristics
- Market Share of Leading Companies, By Revenues
- By Connectivity Type
- Market Size & Analysis
- Saudi Arabia Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Connectivity Type
- By Vehicle Type
- By Deployment Type
- By Application
- Market Size & Analysis
- The UAE Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Connectivity Type
- By Vehicle Type
- By Deployment Type
- By Application
- Market Size & Analysis
- Qatar Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Connectivity Type
- By Vehicle Type
- By Deployment Type
- By Application
- Market Size & Analysis
- Kuwait Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Connectivity Type
- By Vehicle Type
- By Deployment Type
- By Application
- Market Size & Analysis
- Bahrain Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Connectivity Type
- By Vehicle Type
- By Deployment Type
- By Application
- Market Size & Analysis
- Oman Vehicle-to-Vehicle (V2V) Communication Market Outlook, 2018-2028F
- Market Size & Analysis
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Connectivity Type
- By Vehicle Type
- By Deployment Type
- By Application
- GCC Vehicle-to-Vehicle (V2V) Communication Market Key Strategic Imperatives for Growth & Success
- Competition Outlook
- Competition Matrix
- Brand Specialization
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles
- Etrans Solutions
- Qualcomm
- Cisco Systems Inc.
- Delphi Automotive Plc.
- Autotalks
- DENSO Corporation
- Kapsh Group
- Savari Inc.
- Infenion Technologies AG
- Lear Corporation
- Others
- Competition Matrix
- Disclaimer
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MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
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