Vehicle to vehicle V2V communication Market, By Connectivity Type (Cellular based technology, and DSRC), By Deployment Type (OEM devices, and Aftermarket devices), By Application (Traffic Safety, Traffic efficiency, Infotainment, payments and other applications), By End-use (Passenger Cars, and Commercial Vehicles),By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI892

Pages :180

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market News

Global Vehicle to vehicle (V2V) communication Market: Key Developments

For Instance, in June 2021, Over 1.3 million people die annually as a result of traffic accidents, with low- and middle-income countries accounting for 93% of all traffic fatalities, according to the World Health Organization. More than 90% of all fatalities in the African continent are caused by traffic accidents. WHO offers the nations technical assistance for improving road safety. The market for vehicle to vehicle (V2V) communication is therefore driven by the vehicle's increasing concern for road safety.

For instance, in October 2022, advanced vehicle-to-vehicle communication technology for the armed forces to share data more securely was introduced at Defense Expo by a communication technology company Nav Wireless Technologies Pvt. Ltd headquartered in India. Defense Expo is an optical LiFi-based technology that transfers data from one vehicle to another using the light spectrum and LEDs installed in the vehicles.

In October 2020, Delphi Technologies was purchased by US-based automotive company BorgWarner for an undisclosed sum. BorgWarner offers technological solutions for combustion, hybrid, and electric vehicles. BorgWarner's electronics and power electronics products will be strengthened, its portfolio will be expanded, and the commercial vehicle and aftermarket industries, including the market for vehicle-to-vehicle communications, will be strengthened as a result of this acquisition. Vehicle communication interface technology is offered by Delphi Technologies, a power electronics technology and Products Company based in the UK.