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Device-to-Device Communication System Market

Device-to-Device Communication System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Device-to-Device Communication System: Introduction

  • Device-to-device (D2D) communication systems are used to relay data information directly between devices without access to fixed wireless infrastructure. Device-to-device (D2D) communication systems allow various devices to directly exchange data without access points or base stations.
  • Device-to-device (D2D) communication systems were originally proposed in cellular networks to enhance network performance. Device-to-device communication systems are mostly used in cellular offloading, public safety services, content distribution, vehicle-to-vehicle (V2V) communication, and others.
  • Device-to-device communication technology reduces the power consumption of cellular communications, enhances the coverage, as well as increases the overall throughput.
  • The global device-to-device communication system market is projected to expand at a rapid pace during the forecast period due to advancement in technologies, increasing digitalization, and emergence of next generation communication systems across the globe.
device to device communication system market size and forecast

Global Device-to-Device Communication System Market: Dynamics

Global Device-to-Device Communication System Market: Key Drivers

  • Device-to-device communication systems offer several advantages such as increasing resource utilization, enhanced cellular coverage, and increased spectrum and energy efficiency. This, in turn, is driving the implementation of D2D communication, which significantly boosts the growth of the market.
  • Rapid infrastructure development, continuous digitalization, autonomous computing, and collaboration among devices have generated demand for emerging technology device-to-device (D2D) communication systems across the globe.
  • Rising trend of emerging technology, and growing demand for next-generation networks along with the rising demand for direct transmission between devices is expected to fuel the device-to-device communication system market during the forecast period.
  • However, technical challenges related to device-to-device communications systems and the coexistence of conventional cellular communication (CC) may hamper the growth of the device-to-device communications system market to a certain extent.
  • Nevertheless, the rising popularity of D2D communication systems for use in licensed band, coupled with the integration of a number of features of 5G networks with device-to-device (D2D) communication systems is expected to create huge demand for device-to-device communication systems in the near future.
device to device communication system market dynamics

Impact of COVID-19 on the Global Device-to-Device Communication System Market

  • Increasing cases of COVID-19 across the globe is resulting in economic slowdown. Countries across the globe are using advance and digital technologies to tackle the COVID-19 impact. These advance and digital technologies strongly rely on the availability of communication systems. Device-to-device communication systems improve spectrum utilization, decreases latency, and improves energy efficiency. Thus, rising demand for device-to-device communication systems during the pandemic is projected to indirectly propel the global device-to-device communication system market in the next few years.

Asia Pacific to Hold Major Share of the Global Device-to-Device Communication System Market

  • In terms of region, the global device-to-device communication system market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • Asia Pacific dominated the global device-to-device communication system market in 2020. Rising investment in the telecom sector along with the growing use of advanced technology in China, Japan, and South Korea, is generating demand for D2D communication systems, which is anticipated to boost the device-to-device communication system market in the region.
  • The market in North America is likely to expand at a rapid pace during the forecast period. This can be attributed to the rising integration of D2D communication to enhance its utility in existing cellular systems, thus generating demand for device-to-device communication systems in the region.
device to device communication system market region analysis

Global Device-to-Device Communication System Market: Competition Landscape

Several players are active in the device-to-device communication system market with a strong presence. Rapid technological advancements and the emergence of 5G have created significant opportunities in the global device-to-device communication system market.

Key Players Operating in the Global Device-to-Device Communication System Market Include:

  • Telefonaktiebolaget LM Ericsson
  • Intel Corporation
  • Texas Instruments Incorporated
  • Qualcomm
  • Rohde & Schwarz
  • Samsung
  • Huawei Technologies
  • Nokia Corporation

Global Device-to-Device Communication System Market: Research Scope

Global Device-to-Device Communication System Market, by Component

  • Hardware
  • Software
  • Services

Global Device-to-Device Communication System Market, by D2D Communication Type

  • Inband D2D Communication
  • Outband D2D Communication

Global Device-to-Device Communication System Market, by Application

  • Vehicle-to-Vehicle (V2V) Communication
  • Public Safety Services
  • Content Distribution
  • Cellular Offloading
  • Others

Global Device-to-Device Communication System Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
Device-to-Device Communication System Market

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