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Published bySakshi Bhargava Modified over 5 years ago
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Vehicular Communication Market Report 2019- 2024: Trends, Forecast and Competitive Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Type V2V, V2I, V2P and others Market Segments by Vehicle Type Passenger cars, light commercial vehicles, heavy commercial vehicles and electric vehicles Market Segments by Offering Hardware and software Market Segments by End User OEM and aftermarket Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Continental, Qualcomm, Continental, Robot Bosch, NXP semiconductors, Delphi Automotive, and Infineon technologies Trend Growth Rate and CAGR19% Key Industry Forecast The global vehicular communication market is expected to reach an estimated $18.3 billion by 2024 with a CAGR of 19% from 2019 to 2024. Key Industry Driver Driver: 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. 2
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Industry Overview Market Size The global vehicular communication market is expected to reach an estimated $18.3 billion by 2024 with a CAGR of 19% from 2019 to 2024. 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. Market Size (2024)$18.3 billion CAGR (2019-24)19% 3 Industry Performance : Forecast
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