GCC Vehicle-to-Vehicle (V2V) Communication Market Geographical Breakdown: Which Area is Leading the Market?

How Big is the GCC Vehicle-to-Vehicle (V2V) Communication Market?

The GCC Vehicle-to-Vehicle (V2V) Communication market is projected to grow at a CAGR of around 3.58% during the forecast period, i.e., 2023-28. The growth is attributed to the rising focus of the GCC nations to adopt digitalized advanced cellular-based technologies in various industrial verticals, including automotive. Regional countries such as the UAE Saudi Arabia are expected to register higher growth rates hold a significant market share due to the growing uptake of the national governments automotive manufacturers to boost the production activities of autonomous vehicles boost their deployment in the national transportation services.

Market Statistics

Market Growth Rate (CAGR): 3.58% from 2023-2028

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GCC Vehicle-to-Vehicle (V2V) Communication Market Insight:

Driver-

Increasing Initiatives of the Government to Minimize Road Accidents - GCC governments are encouraging the use of vehicle-to-vehicle communication technologies to improve road safety, reduce traffic congestion, and enhance the overall efficiency of transportation systems. This is because V2V communication permits vehicles to interact with each other in real-time, which can provide drivers with warning of potential accidents or hazards on the road aids in minimizing the number of mishaps fatalities on the roadways.

The region is experiencing rapid urbanization, which is leading to increased traffic congestion accidents. This technology can help to reduce these mishappenings by providing real-time traffic updates rerouting suggestions. Additionally, the environmental benefits associated with this technology which include reducing the time that vehicles spend on the road improving the efficiency of the transportation system, are further encouraging the government to promote the deployment of this communication technology in vehicles across the region.

GCC Vehicle-to-Vehicle (V2V) Communication Market Segmentation:

The report has segmented the market into the following categories:

By Connectivity Type

Dedicated Short-Range Communication (DSRC)
Cellular-based
Others (WiFi and Bluetooth, etc.)

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Deployment Type

OEM
Aftermarket

By Application

Collision Avoidance
Traffic Management
Infotainment
Others (Emergency Vehicle warning, Intersection Safety, etc.)

By Country

Saudi Arabia
The UAE
Qatar
Kuwait
Bahrain
Oman.

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Competitive Landscape:

Etrans Solutions
Qualcomm
Cisco Systems Inc.
Delphi Automotive Plc.
Autotalks
DENSO Corporation
Kapsh Group
Savari Inc.
Infenion Technologies AG
Lear Corporation
Others.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

Market Performance (2023-2028)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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