Lucintel's latest market report analyzed that vehicular communication provides attractive opportunities in the passenger cars, commercial vehicle, and electric vehicles markets. The vehicular communication market is expected to reach $60 billion by 2025 with a CAGR of 19.7%. In this market, vehicle to vehicle (V2V) is the largest segment by product type, whereas electric vehicle is largest by vehicle type. The integration of predictive vehicle maintenance using real-time monitoring and development of artificial intelligence with vehicular infotainment system provides strategic growth path in this market.
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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.
Browse in-depth TOC on “Vehicular Communication Market”
92 – Tables
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225 – Pages
The vehicular communication market is marked by the presence of several big and small players. Some of the prominent players offering vehicular communication include Continental, Qualcomm, Continental, Robot Bosch, NXP semiconductors, Delphi Automotive, and Infineon technologies.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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