GCC Vehicle-to-Vehicle (V2V) Communication Market Is Expected Significant Growth in the Near Future

GCC Vehicle-to-Vehicle (V2V) Communication Market A Dive from 3.58% CAGR in 2023-28| MarkNtel Advisors

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 2023-28: Revealing GCC Vehicle-to-Vehicle (V2V) Communication Market Insights and Analysis

The GCC Vehicle-to-Vehicle (V2V) Communication Market is anticipated to grow at a CAGR of around 3.58% during the forecast period, i.e., 2023-28.

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Driving Innovation: Exploring the GCC Vehicle-to-Vehicle (V2V) Communication Market and its Growth Driver

Growth Opportunity: Rising Production Activities of Automated Electric Vehicles in the Region

The rising manufacturing of autonomous vehicles in the GCC region is predicted to have a substantial impact on communication technology demand. This is because autonomous vehicles rely heavily on V2V communication to operate safely efficiently by detecting critical dangerous situations early on getting the essential safety-related information in a fraction of a second. As the manufacturing of self-driving vehicles and their deployment on the road is projected to grow, so would demand. For instance,

In 2022, Lucid Motors announced the signing of an agreement with the Saudi government to build an electric vehicle manufacturing facility in the country with a capacity of 155,000 vehicles per year. The manufacturer is expected to embrace the technology, which would be integrated into the vehicles, as the company concentrates on launching sophisticated electric automobiles.

Thus, the rise in the production of autonomous vehicles in the GCC is likely to drive the market as these vehicles increasingly rely on this technology to operate safely efficiently.

GCC Vehicle-to-Vehicle (V2V) Communication Market: Key Players

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

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

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