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Stocks That Stand To Benefit As Lawmakers Call For Car-To-Car Chat Capability

Stocks That Stand To Benefit As Lawmakers Call For Car-To-Car Chat Capability

The U.S. Department of Transportation has proposed a rule to deploy vehicle-to-vehicle communication (V2V) technology in light vehicles to reduce crashes by helping vehicles “talk” to each other.

Problem-Solving Through Communication

“This long promised V2V rule is the next step in that progression. Once deployed, V2V will provide 360-degree situational awareness on the road and will help us enhance vehicle safety,” U.S. Transportation Secretary Anthony Foxx said in a press release.

The proposed rule requires V2V devices to “speak the same language” through standardized messaging developed with industry.

V2V devices would use the dedicated short-range communications (DSRC) to transmit data —such as location, direction and speed — to nearby vehicles. Among others, it helps drivers to decide whether to pass on a two-lane road or determine if a vehicle approaching an intersection appears to be on a collision course.

Privacy Concerns

Importantly, the rule would ensure the privacy of its users and the V2V technology does not involve in the exchange of user information.

The proposed rule would benefit firms that are engaged in the development of audio technologies, connected car systems, automotive components, and driver assistance systems and software.

Poised To Benefit

The following companies stand to benefit from the proposed V2V connectivity rule:

  • Delphi Automotive PLC (NYSE: DLPH).
    • The UK-based auto-parts maker provides component and systems integration in infotainment and connectivity, body controls and security systems, displays and advanced development of software.
  • Harman International Industries Inc (NYSE: HAR).
    • Harman, based in Stamford, Connecticut, is one of the leading providers of connected car systems, audio and visual products, enterprise automation solutions and connected services.
  • Mobileye NV (NYSE: MBLY).
    • Israel-based Mobileye develops computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies.
  • Turtle Beach Corp (NASDAQ: HEAR).
    • The San Diego, California-based company makes headsets under the Turtle Beach and HyperSound brands. Turtle Beach’s HyperSound technology projects sound to a specific location without using speaker arrays.

    Related Articles (HAR + DLPH)

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