Vehicle to Vehicle Communication Market Research Report- Forecast till 2023

 Market Highlights

Vehicle to Vehicle (V2V) Communication ensures the safety of riders and traffic control by using advanced sensors and technologies. V2V communication helps the driver to gather real-time information around him through the internet and the connected smart devices inside and outside of the car.

According to Market Research Future (MRFR), the global vehicle to vehicle (V2V) communication market is poised to create a valuation of USD 24 BN by 2023, growing at 6% CAGR throughout the assessment period (2017-2023). The connectivity provided by the applied information solutions enables the infrastructure to communicate with any cloud-connected vehicles. Technologies such as applied information and TravelSafely smartphone app connect drivers to the infrastructure, providing the first application of connected vehicle technology.

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Qualcomm is partnering with the Hawaii Department of Transportation (HDOT) and the University Of Hawaii College Of Engineering to work on this program. The pilot program would exclusively implement C-V2X technologies developed by Qualcomm to extend connected vehicle infrastructure across Hawaii.

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Vehicle to Vehicle (V2V) Communication Market, By Technology (Big Data Analytics, Smart Sensors), By Type (OEM Devices, Aftermarket Devices, Infrastructure Based Devices), By Application (Traffic Management System, Grouptalk Service) - Forecast 2023

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