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On the on-going technologies are working on the cost effectiveness the methods but the efficiency of this V2V is decreasing slowly hence it could be one of the key restraint for market growth .
All these technologies are used for V2V systems depending on the location and the investment . The technological advancements giving rise to efficient and cost-effective methods of communication between are likely to impel the market growth over the foreseeable future . These V2V communication systems generate more and more data if a consumer chooses to share it . This has a huge potential range of the customer end game products such as food , retail market and may more . This will become a technological advantage to and source of competition to OEM service providers and technologies service provider who work on traffic flow management firms .
On the basis of OEM device technology which includes after device and infrastructure base device and these devices offers accurate information using vehicle information technology and generate basic information to the driver regarding the safety . And after device provides alerts with the driver of a vehicle to those provided by this technology Europe is one region dominating the market with the largest share . Include Spain , Demark , Italy Germany are some of the other major markets expected to witness significant growth in the coming years . Where heavy investments are undergoing in R & D , favourable government initiatives and policies , as well as growing emphasis on road infrastructure and new technologies coming in Automation and cyber technologies , are key factors anticipated to boost the growth in these regions .
North America is one of the largest consumers of V2V across the globe and the growth rate is at a lucrative growth from past few years because the future growth of the industry would be augmented by the automatic vehicles and cars due a recent increase in accidents which occurred due fatal reasons in countries like Canada and US . This region has increased its R & D on V2V communications with presence of some major player across North America
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