MarkNtel Advisors has just published a new research report titled "GCC Vehicle-to-Vehicle (V2V) Communication Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the GCC Vehicle-to-Vehicle Communication market from 2023 to 2028?
The GCC Vehicle-to-Vehicle 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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GCC Vehicle-to-Vehicle Communication Market by Segments
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.)
A comprehensive report on the GCC Vehicle-to-Vehicle Communication Market is available now- https://www.marknteladvisors.com/research-library/gcc-v2v-communication-market.html
GCC Vehicle-to-Vehicle Communication Market Report Segment by Regions
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Bahrain
- Oman
What are the current trends in the GCC Vehicle-to-Vehicle Communication Market?
The adoption of connected cars by the government of GCC nations, such as the UAE & Saudi Arabia, is driving the demand for V2V communication in the GCC region as it allows for enhanced road safety, improved traffic management, and reduced congestion. For instance:
- In 2021, the government of the United Arab Emirates announced the deployment of over 4,000 self-driving vehicles by 2028, which would be manufactured by Cruise, as part of the agreement signed between Dubai's Roads and Transport Authority & Cruise.
Furthermore, the development of 5G networks in the GCC region is driving the adoption of connected cars & this technology, as 5G networks provide faster & more reliable connectivity, enabling seamless communication between vehicles & the surrounding infrastructure, and allowing the development of new applications & services.
As a result of the rising demand for connected vehicles, companies such as General Motors, BMW, Audi, Mercedes-Benz, etc., have announced to launch of connected vehicles in the upcoming years. Thus, the growing focus of the government in introducing the use of connected cars for environmental & social benefits is the key factor that would lead to increased growth of the market in the upcoming years.
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Who are the key players in the GCC Vehicle-to-Vehicle Communication Market?
- Etrans Solutions
- Qualcomm
- Cisco Systems Inc.
- Delphi Automotive Plc.
- Autotalks
- DENSO Corporation
- Kapsh Group
- Savari Inc.
- Infenion Technologies AG
- Lear Corporation
- Others
Questions Addressed in this Study
- What factors are driving the GCC Vehicle-to-Vehicle Communication Market growth?
- How is the GCC Vehicle-to-Vehicle Communication Market expected to grow over the next five years?
- What are the key insights into the current trends in the GCC Vehicle-to-Vehicle Communication Market?
- What is the current size of the GCC Vehicle-to-Vehicle Communication Market, and how is it projected to change in the future?
- What is the future outlook for the GCC Vehicle-to-Vehicle Communication Market in terms of technological advancements and market expansion?
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