GCC Vehicle-to-Vehicle (V2V) Communication Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The GCC Vehicle-to-Vehicle (V2V) Communication Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.
What will be the market size of GCC Vehicle-to-Vehicle (V2V) Communication market 2028?
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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Who are the top companies operating in the GCC Vehicle-to-Vehicle (V2V) Communication market?
The report features prominent companies operating in the GCC Vehicle-to-Vehicle (V2V) Communication market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top 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.
What is the key factor projected to fuel growth in the GCC Vehicle-to-Vehicle (V2V) Communication Market between 2023 and 2028?
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.
GCC Vehicle-to-Vehicle (V2V) Communication Market - Segmentation Analysis
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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How does the GCC Vehicle-to-Vehicle (V2V) Communication Market vary across different geography?
By Country
-Saudi Arabia
-The UAE
-Qatar
-Kuwait
-Bahrain
-Oman.
This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2023-2028) of the following segmentation and geography.
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Comprehensive Table of Contents – GCC Vehicle-to-Vehicle (V2V) Communication Market Analysis and Forecast,
2023-2028
- Table 1: Introduction
- Table 2: Executive Summary
- Table 3: Market Regulations, Policies & Standards
- Table 4: GCC Vehicle-to-Vehicle (V2V) Communication Market Size, Share & Scope, 2020-2028F
- Table 5: Market Trends & Developments
- Table 6: Market Dynamics (Key Drivers, and Challenges)
- Table 7: Market Hotspots & Opportunities
- Table 8: Market Value Chain Analysis
- Table 9: Market Outlook, 2020-2028F
- Table 10: Market Size & Analysis by Revenues (USD Million):
- Table 11: Market Size & Forecast 2020–2028 by Segmentation
- Table 12: Market Size & Forecast 2020–2028 by Geography
- Table 13: Key Strategic Imperatives for Success & Growth
- Table 14: Competitor Analysis of GCC Vehicle-to-Vehicle (V2V) Communication Companies
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Key Benefits for Industry Participants and Stakeholders
- Insight into emerging market trends and investment opportunities
- Understanding of regional market dynamics and competitive landscapes
- Data-driven forecasts to support strategic decision-making
- Access to industry benchmarks for performance evaluation
- Identification of potential risks and growth challenges
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