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Frost & Sullivan: Daimler and Volvo Take Lead in Implementation of V2V Communication Systems in Europe

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Frost & Sullivan: Daimler and Volvo TakeFrost & Sullivan: Daimler and Volvo Take Lead in Implementation of V2V Communication Systems in Europe PR Newswire LONDON, March 6, 2014 - V2V and V2I could help to minimise traffic jam losses of e.g. 17 billion Euros p.a. in Germany The demand for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems is on the rise due to the systems' ability to improve traffic efficiency, mobility, safety, as well as driving conditions, while at the same time avert potentially dangerous situations. New analysis from Frost & Sullivan (www.automotive.frost.com), Strategic Analysis of the European Market for V2V and V2I Communication Systems, expects more than 40 percent of vehicles to use V2V communication technologies by 2030. Daimler and Volvo are anticipated to lead the implementation of V2V communication systems among vehicle original equipment manufacturers (OEMs) across Europe. V2I communication systems have also been finding significant traction in Europe, especially in the Netherlands, Denmark, Austria, Germany, and France. "Vehicular communication systems are becoming popular as countries across Europe look to minimise the huge losses in time and related costs incurred due to traffic congestion," said Frost & Sullivan Automotive & Transportation Industry Analyst Neelam Barua. "Traffic jams in Germany for instance, lead to a macroeconomic loss of more than €17 billion annually.
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Frost & Sullivan: Daimler and Volvo Take Lead in Implementation of V2V Communication Systems in Europe

PR Newswire

- V2V and V2I could help to minimise traffic jam losses of e.g.  17 billion Euros p.a. in Germany

The demand for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems is on the rise due to the systems' ability to improve traffic efficiency, mobility, safety, as well as driving conditions, while at the same time avert potentially dangerous situations. New analysis from Frost & Sullivan (www.automotive.frost.com), Strategic Analysis of the European Market for V2V and V2I Communication Systems, expects more than 40 percent of vehicles to use V2V communication technologies by 2030.