Automotive & Transportation Market Analysis Vehicle To Vehicle Communication Systems Market | Page 4

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Where In America there will be around five million accidents occur in a year in which two million accidents occurred due fatal reasons. The anticipation of avoiding such accidents would offer significant impulsion for Information structure and Network technology. And reduced the accident with implementation of adding OEM technologies or V2V technology Asia Pacific is expected coincidence highest growth over the forecast period. India, china, Japan, Indonesia, Taiwan are heavily investing R&D for V2V in technology from past few years. Because of high urbanisation growth from past few years in India and China is expected the drive the market in forecast period where China and Japan are highly investing on V2V communication and offering the best technology to customer by cost effective methods Central and South America is expected to have steady growth in future promising to stringent accident regulation by communities , governments. While the Middle East is expecting to have high growth in forecast period because of High-end cars and Africa is expected to stable growth in coming years from 2016 to 2024. In terms of the vehicle to vehicle communication system Europe appeared has the major region with developed V2V communication market. Significant number of R&D are been undergoing in various regions in Europe includes Germany , Denmark , Sweden and Spain in order to increase the industry and reduce the accidents and Germany occupied highest market share in V2V technology in EU region As the technology market in V2V is flourishing and R&D is undergoing at a high speed, it is likely to impel the market growth in near future and favourable government initiatives and policies undergoing across the globe. Many companies are expecting to enter global V2V communication systems over the forecast period The major consumers for the vehicle to vehicle market are Cars and Automobile industries such as BMW , Ferrari , VOLVO, AUDI, ASTON MARTIN , Volkswagen is major consumer for V2V systems. While Ferrari and BMW had realised fully automated care in 2015 through V2V technology and Google X is building fully automated car by using satellite information system. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/