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The future of the vehicular communication market in India looks promising with opportunities in the passenger cars, commercial vehicle, and electric vehicles markets. 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, 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 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of vehicular communication market in India report download the report brochure.
Vehicular Communication Market in India by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Vehicular Communication Market in
India: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for vehicular communication market in India by product type, vehicle type, end user, and offering as follows:
Vehicular Communication Market by Product Type ($M Shipment analysis from 2014 to 2025)
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Vehicle to vehicle (V2V)
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Vehicle to infrastructure (V2I)
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Vehicle to pedestrians (V2P)
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Others
Vehicular Communication Market by Vehicle Type ($ M Shipment analysis from 2014 to 2025)
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Passenger Cars
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Light Commercial Vehicles
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Heavy Commercial Vehicles
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Electric Vehicles
Vehicular Communication Market by offering ($ M Shipment analysis from 2014 to 2025)
Vehicular Communication Market by End User ($ Million from 2014 to 2025)
On the basis of its comprehensive research, Lucintel forecasts that the 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.
Within this market, electric vehicle will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing electric vehicle production and higher penetration of vehicular communication system in electric vehicle as compare to ICE vehicles.
Some of the features of “Opportunities of Vehicular Communication Market in India 2014-2025: Trends, Forecast and Competitive Analysis” include:
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Market size estimates: Vehicular communication market size estimation in terms of value ($M) shipment.
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Trend and forecast analysis: Vehicular communication market trend (2014-2019) and forecast (2020-2025) by product type, vehicle type, end user, and offering.
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Segmentation analysis: Vehicular communication market size by product type (V2V, V2I, V2P and others), vehicle type (Passenger cars, light commercial vehicles, heavy commercial vehicles and electric vehicles), offering (hardware and software), and end user (OEM and aftermarket) in terms of value
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Growth opportunities: Analysis on growth opportunities in different product type, vehicle type, end user, and offering of vehicular communication in the vehicular communication market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 7 key questions:
Q.1. What are some of the most promising, high growth opportunities for the vehicular communication market in India by product type (V2V, V2I, V2P and others), vehicle type (Passenger cars, light commercial vehicles, heavy commercial vehicles and electric vehicles), offering (hardware and software), and end user (OEM and aftermarket)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this vehicular communication market?
Q.4. What are the business risks and competitive threats in this vehicular communication market?
Q.5. What are the emerging trends in this vehicular communication market and the reasons behind them?
Q.6 What are some changing demands of customers in the vehicular communication market?
Q.7. What are the new developments in the vehicular communication market? Which companies are leading these developments?