Vehicle-to-vehicle (V2V) communication enables vehicles to wirelessly exchange information about their speed, location, and heading. Vehicle-to-vehicle communication (V2V) is a type of wireless communication technology that enables vehicles to share information with one another in real-time. With the aid of this technology, vehicles can communicate with one another and exchange data about their location, speed, direction, and other vital details that can enhance road efficiency and safety.
Market Dynamics:
One of the primary factors driving growth of the Vehicle to vehicle (V2V) communication market includes enhanced safety through avoidance of collisions that can be identified by these systems. However, the industry growth is expected to be considerably hindered by the lack of adoption of uniform communication standards. These systems cannot ensure user safety until most vehicles adopt similar transmission equipment, for efficiency of information exchange. Thus, proliferation of the technology is expected to be largely dependent on the establishment of the regulatory standards to mandate installation of car to car communication systems.
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