Vehicular Communication Market Is Anticipated To Grow At A Cagr Of 19.7% During 2020-2025

By Author: Lucintel LLC
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The global vehicular communication market is projected to reach $60 billion by 2025, at a CAGR of 19.7% during 2020-2025. The growth of vehicular communication market is driven by growing concern for better traffic management, rising demand for real-time traffic congestion control for passenger safety, and increasing use of artificial intelligence in vehicles.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the vehicular communication market by product type (vehicle to vehicle (V2V), vehicle to infrastructure (V2I), vehicle to pedestrians (V2P), and others), by vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles), by offering (hardware and software), by end user (OEM and aftermarket) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the vehicular communication market?
Q.4 What are some changing demands of customers in the vehicular ...
... communication market?
Q.5 What are the new developments in the vehicular communication market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this vehicular communication area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this vehicular communication market?
Emerging trends, which have a direct impact on the dynamics of the industry, include integration of predictive vehicle maintenance using real-time monitoring and development of artificial intelligence with vehicular infotainment system.
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Market Segmentation:
Based on product type, the vehicular communication market is segmented into vehicle to vehicle (V2V), vehicle to infrastructure (V2I), vehicle to pedestrians (V2P), and others. The vehicle to vehicle (V2V) segment is accounted for the largest share of the market in 2020 due to increasing roadways communication infrastructure, development of wireless technology, and growing awareness for driver's safety.
North America is expected to be the largest region over the forecast period due to favorable policies and regulations by the government to reduce accidents and the increasing need for a better and effective transportation system. Europe is expected to witness the highest growth over the forecast period due to increasing adoption of vehicular communication systems in luxury cars.
Key Players in the vehicular communication market are Continental, Qualcomm, Continental, Robot Bosch, NXP semiconductors, Delphi Automotive, and Infineon technologies.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/vehicular-communication-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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