MarkNtel Advisors recently published a report, titled, ” GCC Vehicle-to-Vehicle (V2V) Communication Market 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),. As per as the report 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.
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Possible Restraint: Potential Threat of Cyberattacks to Restrict the Growth
With the surging integration of various software in autonomous & electric vehicles, the threat of cybersecurity breaches has widely increased, thereby leading to slower adoption of vehicle-to-vehicle communication. The technological systems employ a wide range of software & networking options, including sensors & information technology-based solutions, to generate statistics related to traffic & accidents, etc., to be used by the drivers for efficient & low-risk transportation.
As a result of the likelihood of this software being hacked, as all vehicle-related data is stored in cloud-based services, there has been a surge in data breaches, raising security worries among car makers and individuals preferring to use autonomous services. This has made it difficult for suppliers of this communication technology services to maintain a level of security to promote efficient & effective transportation while also engaging in R&D operations to introduce new technology, thus negatively impacting the market growth.
Leading Companies in GCC Vehicle-to-Vehicle (V2V) Communication Market:
Etrans Solutions, Qualcomm, Cisco Systems Inc., Delphi Automotive Plc., Autotalks, DENSO Corporation, Kapsh Group, Savari Inc., Infenion Technologies AG, Lear Corporation, Others.
GCC Vehicle-to-Vehicle (V2V) Communication Market Segmentation:
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.)
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By Country
-Saudi Arabia
-The UAE
-Qatar
-Kuwait
-Bahrain
-Oman.
Key questions answered in the GCC Vehicle-to-Vehicle (V2V) Communication Market are:
•What is GCC Vehicle-to-Vehicle (V2V) Communication Market?
•What was the market size in 2022?
•What is the growth rate of the GCC Vehicle-to-Vehicle (V2V) Communication Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the GCC Vehicle-to-Vehicle (V2V) Communication Market?
•What segments are covered in the Market?
•Who are the key players in the GCC Vehicle-to-Vehicle (V2V) Communication Market?
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