PUBLISHER: Lucintel | PRODUCT CODE: 900580
PUBLISHER: Lucintel | PRODUCT CODE: 900580
Vehicular Communication Market Trends and Forecast
The future of the global vehicular communication market looks promising with opportunities in the passenger cars, commercial vehicle, and electric vehicles markets. The global vehicular communication market is expected to reach an estimated $88.5 billion by 2027 with a CAGR of 23.4% from 2021 to 2027. The major drivers for this market are growing concern for better traffic management, rising demand for real-time traffic congestion control for passenger safety, and increasing use of artificial intelligence in vehicles.
Emerging Trends in the Vehicular Communication Market
Emerging trends, which have a direct impact on the dynamics of the industry, include integration of predictive vehicle maintenance using real-time monitoring and development of artificial intelligence with vehicular infotainment system.
A total of 118 figures / charts and 92 tables are provided in this 225-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global vehicular communication market report.
Vehicular Communication Market by Segments
Lucintel forecasts that vehicle to vehicle segment will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global vehicular communication market by product type, vehicle type, end user, offering, and region, as follows:
Vehicular Communication Market by Product Type ($ Million Shipment analysis from 2016 to 2027):
Vehicular Communication Market by Vehicle Type ($ Million Shipment analysis from 2016 to 2027):
Vehicular Communication Market by offering ($ Million Shipment analysis from 2016 to 2027):
Vehicular Communication Market by End User ($ Million Shipment analysis from 2016 to 2027):
Vehicular Communication Market by Region ($ Million Shipment analysis from 2016 to 2027):
List of Vehicular Communication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vehicular communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vehicular communication companies profiled in this report includes.
Vehicular Communication Market Insights
Features of the Global Vehicular Communication Market
FAQ
Q1. What is the vehicular communication market size?
Answer: The global vehicular communication market is expected to reach an estimated $88.5 billion by 2027.
Q2. What is the growth forecast for vehicular communication market?
Answer: The vehicular communication market is expected to grow at a CAGR of 23.4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the vehicular communication market?
Answer: The major drivers for this market are growing concern for better traffic management, rising demand for real-time traffic congestion control for passenger safety, and increasing use of artificial intelligence in vehicles.
Q4. What are the major vehicle type or end use industries for vehicular communication?
Answer: Electric vehicle is the major segment by vehicle type for vehicular communication.
Q5. What are the emerging trends in vehicular communication market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include integration of predictive vehicle maintenance using real-time monitoring and development of artificial intelligence with vehicular infotainment system.
Q6. Who are the key vehicular communication companies?
Answer: Some of the key vehicular communication companies are as follows:
Q7. Which vehicular communication segment will be the largest in future?
Answer: Lucintel forecasts that vehicle to vehicle segment will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing roadways communication infrastructure, development of wireless technology, and growing awareness for driver's safety.
Q8 : In vehicular communication market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to favorable policies and regulations by the government to reduce accidents and the increasing need for a better and effective transportation system. Europe is expected to witness the highest growth over the forecast period due to increasing adoption of vehicular communication systems in luxury cars.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.