Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst

Vehicle-to-Vehicle Communication Market Research Report: Information by Technology (Big Data Analytics, Smart Sensors), By Type (OEM Devices, Aftermarket Devices, Infrastructure Based Devices), By Application (Traffic Management System, Grouptalk Service), And by Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.


ID: MRFR/ICT/2714-HCR | 100 Pages | Author: Shubham Munde| April 2024

Vehicle-to-Vehicle Communication Market Overview


Vehicle-to-Vehicle Communication Market Size was valued at USD 20.8 Billion in 2022. The Vehicle-to-Vehicle Communication market industry is projected to grow from USD 23.89 Billion in 2023 to USD 72.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.09% during the projected timeframe (2023 - 2032).Increased safety, control of traffic, and collision avoidance, and these characteristics are employed to enhance safety & driving pleasure, are the key market drivers contributing to market growth and expansion.Vehicle-to-Vehicle Communication Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Vehicle-to-Vehicle Communication Market Trends


Growing safety and control of traffic are driving the market growth.

The rising safety and control of traffic industries drive the Market CAGR for vehicle-to-vehicle communication. It may increase safety, regulate traffic, and aid in collision avoidance, and these capabilities are utilized to enhance safety and driving pleasure. One of the primary market drivers is the growing safety concern. The market will rise due to advanced cellular technology, information exchange, and roadside communication. Vehicle-to-vehicle (V2V) communication improves collision avoidance by detecting collisions with radars and cameras. As a result of its ability to alleviate traffic congestion, such technology is propelling this industry. Government restrictions and cloud-based fleet management will also push the market internationally.


Additionally, as the population grows, so does traffic, V2V technology is being employed to improve traffic efficiency. Traffic control may be done through traffic efficiency, which can reduce travel time, fuel consumption, and improve the environment, all of which will favorably influence the industry in the future. If the user decides to share the data, connected automobiles may create massive data, opening up new avenues for customer involvement. It will also benefit automated traffic flow, technological firms, and insurance businesses. It has decreased reliance on other technologies. This is a very low-cost technology that is projected to increase faster. With the growing population, traffic is one of the biggest challenges in all regions. The government is taking steps to address traffic issues. The market is benefiting from the need to address traffic issues.


The influenza virus has spread across the countries following the covid-19 pandemic in December 2019. It has significantly impacted the world's economy, production, tourism, travel, and the financial sector. Almost every business, including the car industry, has been harmed. The automotive industry has been hit the worst by the covid-19 epidemic, with manufacturing halting worldwide. People are not permitted to leave due to lockdown standards, causing production issues in the automobile industry. The demand is very low, and consumer demand is declining due to the poor demand in the automotive industry. Due to covid-19, production in the automobile sector came to a standstill, and people worldwide were experiencing a financial crisis, which is why they did not want to invest in such modern technology. Following the covid-19 epidemic, the industry is projected to expand.


For instance, V2V communication technology can potentially improve the performance of car safety systems and save lives. In 2019, roughly 6.8 million police-reported collisions resulted in 36,096 deaths and an additional 2.7 million injuries. Connected car technology will give drivers the skills they need to foresee future collisions, dramatically reducing the total number of lives sacrificed each year. Thus, demand for Vehicle-to-Vehicle Communication is anticipated to increase throughout the projected timeframe due to the rising safety and control of traffic. Thus, driving the Vehicle-to-Vehicle Communication market revenue.


Vehicle-to-Vehicle Communication Market Segment Insights


Vehicle-to-Vehicle Communication Product Insights


The global Vehicle-to-Vehicle Communication market segmentation, based on Product, includes Big Data Analytics and Smart Sensors. The big data analytics category dominated the market, accounting for 65% of market revenue (USD 13.5 Billion) in 2022. It assists businesses in better understanding their consumers by spotting opportunities and predicting developments. Sensors would aid with traffic sensing, improving the ride and overall experience of drivers and passengers in the vehicle.


Figure 1: Global Vehicle-to-Vehicle Communication Market, by Type, 2022 & 2032 (USD Billion)


Vehicle-to-Vehicle Communication Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Vehicle-to-Vehicle Communication Type Insights


The global Vehicle-to-Vehicle Communication market segmentation, based on Types, includes OEM Devices, Aftermarket Devices, and Infrastructure Based Devices. The OEM devices category generated the highest market revenue of about 49% (USD 10.2 billion) in 2022. OEM gadgets are created or incorporated into vehicles during the manufacturing process.


Vehicle-to-Vehicle Communication Application Insights


The global Vehicle-to-Vehicle Communication market segmentation, based on Application, includes Traffic Management Systems and Grouptalk Services. The traffic management system segment dominated the market, accounting for 51% of market revenue (USD 10.6 Billion) in 2022 because of increased traffic problems on roads.


Vehicle-to-Vehicle Communication Regional Insights


By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Vehicle-to-Vehicle Communication market will dominate during the projected timeframe, owing to government rules enacted due to the use of new technologies. The government and commercial sectors are spending a lot in this region to improve traffic security, and efficiency will boost the market growth in the North American area.


Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Global Vehicle-to-Vehicle Communication Market Share by Region 2022 (USD Billion)


Vehicle-to-Vehicle Communication Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe region’s Vehicle-to-Vehicle Communication market accounts for the second-highest market share due to the increasing rise in-vehicle communication Market. The automobile industry in these areas is quickly expanding, supporting market expansion. Further, the German Vehicle-to-Vehicle Communication market holds the largest market share, and the UK Vehicle-to-Vehicle Communication market is expected to grow and expand significantly in the European region during the projected timeframe.


The Asia-Pacific Vehicle-to-Vehicle Communication Marketis expected to grow quickly during the projected timeframe. Technological developments and increased road safety must drive market expansion. The market is predicted to rise rapidly across all regions during the projected period. Moreover, China’s Vehicle-to-Vehicle Communication market dominates the market share, and the Indian Vehicle-to-Vehicle Communication market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.


Vehicle-to-Vehicle Communication Key Market Players & Competitive Insights


Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Vehicle-to-Vehicle Communication market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Vehicle-to-Vehicle Communication industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.


Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the global Vehicle-to-Vehicle Communication industry to benefit customers and capture untapped market share and revenue. The Vehicle-to-Vehicle Communication industry has recently offered significant advantages to the IoT and M2M communication industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Vehicle-to-Vehicle Communication market, including BMW (Germany), Volkswagen (Germany), Volvo Cars (Sweden) AutoTalks Ltd (Israel), Audi (Germany), Daimler AG (Germany), Qualcomm Technologies Inc. (U.S.) General Motors (U.S.) Toyota Motor Corporation (Japan) and Delphi Automotive LLP (U.K.) are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.


Visteon is the world's largest provider of cockpit electronics, spearheading the shift from digital cockpits to self-driving cars. It is a global provider of climate, gadgets, interior structures, sections, and parts to automobile OEMs. It is divided into three divisions: climate, electronics, and interior. The firm was established on January 5, 2000, and is based in Van Buren Township, Michigan. Visteon Corp. teamed with Tata Communications in November 2019 to get technological support from Tata. This collaboration will assist Visteon Corp. in developing adaptable telemetry systems for the automotive sector.


General Motors has production and assembly sites and distribution locations across nations. Cars and trucks, car parts, and engines are the company's main goods and provide financial services. The headquarters of General Motors is in Detroit. General Motors introduced the V2V sedan. The company's V2V technology and the efficiency of Cadillac's CTS can manage 100 SMS per second via a car that is 100 feet distant.


Key Companies in the Vehicle-to-Vehicle Communication market include




  • BMW (Germany)




  • Volkswagen (Germany)




  • Volvo Cars (Sweden)




  • AutoTalks Ltd (Israel)




  • Audi (Germany)




  • Daimler AG (Germany)




  • Qualcomm Technologies, Inc. (U.S.)




  • General Motors (U.S.)




  • Toyota Motor Corporation (Japan)




  • Delphi Automotive LLP (U.K.)




Vehicle-to-Vehicle Communication Industry Developments


October 2020: Delphi Technologies was acquired for an unknown price by the US-based automobile business BorgWarner in October 2020. BorgWarner provides technological alternatives for combustion engines, hybrid cars, and electric vehicles. Due to this transaction, BorgWarner's circuits and electrical power products will be enhanced, its portfolio will be broadened, and the commercial car and maintenance sectors, particularly the marketplace for V-2-V communications, will be strengthened.


November 2019: Visteon Corp. teamed with Tata Communications in November 2019 to get technological support from Tata. This collaboration will assist Visteon Corp. in developing adaptable telemetry systems for the automotive sector.


General Motors introduced the V2V sedan. The company's V2V technology and the efficiency of Cadillac's CTS can manage 100 SMS per second via a car that is 100 feet distant.


Vehicle-to-Vehicle Communication Market Segmentation


Vehicle-to-Vehicle Communication Type Outlook




  • Big Data Analytics




  • Smart Sensors




Vehicle-to-Vehicle Communication Type Outlook




  • OEM Devices




  • Aftermarket Devices




  • Infrastructure Based Devices




Vehicle-to-Vehicle Communication Application Outlook




  • Traffic Management System




  • Grouptalk Service




Vehicle-to-Vehicle Communication Regional Outlook




  • North America






  • US




  • Canada






  • Europe






  • Germany




  • France




  • UK




  • Italy




  • Spain




  • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Attribute/Metric Details
Market Size 2022 USD 20.8 Billion
Market Size 2023 USD 23.89 Billion
Market Size 2032 USD 72.6 Billion
Compound Annual Growth Rate (CAGR) 14.09% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled BMW (Germany) Volkswagen (Germany) Volvo Cars (Sweden) AutoTalks Ltd (Israel) Audi (Germany) Daimler AG (Germany) Qualcomm Technologies Inc. (U.S.) General Motors (U.S.) Toyota Motor Corporation (Japan) Delphi Automotive LLP (U.K.)
Key Market Opportunities With the growing population, traffic is one of the biggest challenges in every area.
Key Market Dynamics Increased safety, control of traffic, and collision avoidance, and these characteristics are employed to enhance safety & driving pleasure.


Frequently Asked Questions (FAQ) :

The global Vehicle-to-Vehicle Communication market size was valued at USD 20.8 Billion in 2022.

The global Vehicle-to-Vehicle Communication market is estimated to grow at a CAGR of 14.09% during the projected timeframe.

North American area has the highest percentage of the global market.

The key players in the Market are BMW (Germany), Volkswagen (Germany), Volvo Cars (Sweden) AutoTalks Ltd (Israel), Audi (Germany), Daimler AG (Germany), and Qualcomm Technologies Inc. (U.S.) General Motors (U.S.) Toyota Motor Corporation (Japan) Delphi Automotive LLP (U.K.).

The Big Data Analytics category dominated the market in 2022.

OEM Devices had the largest share of the global market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Request Free Sample
Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Ask for Customization