GCC Vehicle-to-Vehicle (V2V) Communication Market Poised for 3.58% CAGR Growth Through 2028 - MarkNtel Advisors
MarkNtel Advisors has released its comprehensive analysis of GCC Vehicle-to-Vehicle (V2V) Communication Market, projecting a steady 3.58% CAGR growth from 2023-2028. Our team of industry specialists has exactly compiled the latest market intelligence to support stakeholders—entrepreneurs, financial analysts, and corporate strategists—in making informed, data-backed decisions.
GCC Vehicle-to-Vehicle (V2V) Communication Market Statistics:
Study Period- Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 3.58%
Market Study Report Coverage:
- Market Fundamentals: Size, share, Revenue, and historical performance metrics.
- Emerging Opportunity: Rising Production Activities of Automated & Electric Vehicles in the Region
- Geographical Analysis: Growth hotspots - Saudi Arabia is anticipated to hold a substantial share in the GCC Vehicle-to-Vehicle (V2V) Communication market during the forecast period.
- Competitive Benchmarking: Market leaders vs. emerging players.
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GCC Vehicle-to-Vehicle (V2V) Communication Market Segmentation Analysis (2023–2028)
The study analyzes significant trends in each segment of GCC Vehicle-to-Vehicle (V2V) Communication Market report, as well as growth estimates for 2023–2028 at the geographical levels.
As per the Report the market segment bifurcated into:
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.
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Commercial Vehicles are likely to witness higher demand for V2V communication compared to passenger 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
GCC Vehicle-to-Vehicle (V2V) Communication Market Sector Growth 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.
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GCC Vehicle-to-Vehicle (V2V) Communication Market Competitive Outlook (2023–2028)
This section discusses the major participants in GCC Vehicle-to-Vehicle (V2V) Communication Market, with a focus on securing new contracts in developing nations to strengthen their footprint
Competitive Analysis Cover:
- Business Description
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
List of Major GCC Vehicle-to-Vehicle (V2V) Communication Market Competitor
- Etrans Solutions
- Qualcomm
- Cisco Systems Inc.
- Delphi Automotive Plc.
- Autotalks
- DENSO Corporation
- Kapsh Group
- Savari Inc.
- Infenion Technologies AG
- Lear Corporation
- Others
The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in GCC Vehicle-to-Vehicle (V2V) Communication Market
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Frequently Asking Questions (FAQ’s):
- What specific areas and industries are covered in GCC Vehicle-to-Vehicle (V2V) Communication Market research report?
- How big is GCC Vehicle-to-Vehicle (V2V) Communication industry?
- Which companies have the largest GCC Vehicle-to-Vehicle (V2V) Communication Market share?
- What opportunities, challenges, and driving forces characterize GCC Vehicle-to-Vehicle (V2V) Communication sector?
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