Market Overview:
The global commercial vehicle internet of vehicles (IoV) market is expected to grow at a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for connected and intelligent commercial vehicles across the globe. In addition, rising adoption of IoV platforms by various end-users is also propelling the growth of this market. Based on type, the global commercial vehicle IoV market can be segmented into government platform, car enterprise platform and third-party operating platform. Among these, government platforms are expected to witness highest growth rate during the forecast period owing to increasing initiatives undertaken by governments across different regions for deployment of connected and intelligent transportation systems. Car enterprise platforms are second largest segment in terms of revenue contribution and are anticipated to grow at a moderate pace during 2018-2030. Third party operating platforms are projected to account for lowest share in terms of revenue but will register highest CAGR over the forecast period as these platforms offer enhanced features such as fleet management, real time tracking etc.
Product Definition:
A Commercial Vehicle Internet of Vehicles (CV-IoV) is a type of internet of vehicles that connects commercial vehicles with each other and with the external environment. It enables communication between vehicles, road infrastructure, and other entities to improve safety, traffic flow and efficiency.
Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027:
Global commercial vehicle internet of vehicles (CV-IOV) market was valued at USD 3,15 billion in 2016. It is expected to expand at a CAGR of XX% from 2017 to 2021. The increasing demand for connected trucks and buses across the globe is one of the major factors driving growth in this industry. Moreover, government initiatives such as eCall and e-afety law are also anticipated to boost growth over the forecast period.
Government Platform:
Government platform and it's usage in the commercial vehicle internet of vehicles market is a new term that has entered the digital era, which means government regulations have enabled electronic communication between vehicles and their drivers. It also enables information sharing between transport authorities and driver’s mobile devices. This technology helps to reduce road accidents by enabling real-time information exchange between transport authorities & drivers as well as improves traffic management by providing real-time data on roads.
Application Insights:
The heavy truck application segment dominated the global commercial vehicle internet of vehicles market, accounting for a revenue share of over 40.0% in 2017. The growth can be attributed to the increasing demand for heavy trucks on account of their ability to transport goods across long distances with less transportation cost as compared to other modes such as air or waterway transport. Moreover, an increase in cross-border trade activities has led to an increased need for logistics services which is further driving the adoption rate of these devices among various industries such as construction and mining that require large trucks with maximum safety and comfort along with advanced features such as navigation systems and entertainment systems installed inside them.
Regional Analysis:
The North American regional market dominated the global industry in terms of revenue share in 2016. The growth can be attributed to the presence of prominent players such as Ford, GM, and Chrysler who are actively investing in developing connected vehicles technologies. Moreover, these companies have established research centers and laboratories for R&D purposes related to IoT-based services for commercial vehicles. Such initiatives are expected to accelerate the adoption rate across this region over the forecast period.
However, Asia Pacific is anticipated to emerge as a lucrative regional market over the forecast period owing to increasing government mandates.
Growth Factors:
- Increasing demand for commercial vehicles from the logistics and transportation sector
- Rising demand for Commercial Vehicle Internet of Vehicles from small and medium-sized businesses
- Proliferation of connected devices and sensors in commercial vehicles
- Growing popularity of fleet management solutions among commercial vehicle owners
- Emergence of new business models that leverage Commercial Vehicle Internet of Vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Internet of Vehicles Market Research Report
By Type
Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027, Government Platform, Car Enterprise Platform, Third-party Operating Platform
By Application
Heavy Truck, Bus, Taxi, New Energy Vehicle, Others
By Companies
Streamax Technology Co, Hikvision, Itrackstar, Hirain Technologies, Sinoiov, Hangzhou Hopechart IoT Technology Co Ltd, Xiamen Yaxon Network Co.,Ltd., Qiming Information Technology Co, Liaoning Zhonghuan Weixingdaohang Communication Limited Company, Wuhan Yingtai Site Electronic Technology Co.,Ltd., Yuweitek
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Internet of Vehicles Market Report Segments:
The global Commercial Vehicle Internet of Vehicles market is segmented on the basis of:
Types
Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027, Government Platform, Car Enterprise Platform, Third-party Operating Platform
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Heavy Truck, Bus, Taxi, New Energy Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Streamax Technology Co
- Hikvision
- Itrackstar
- Hirain Technologies
- Sinoiov
- Hangzhou Hopechart IoT Technology Co Ltd
- Xiamen Yaxon Network Co.,Ltd.
- Qiming Information Technology Co
- Liaoning Zhonghuan Weixingdaohang Communication Limited Company
- Wuhan Yingtai Site Electronic Technology Co.,Ltd.
- Yuweitek
Highlights of The Commercial Vehicle Internet of Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
- Government Platform
- Car Enterprise Platform
- Third-party Operating Platform
- By Application:
- Heavy Truck
- Bus
- Taxi
- New Energy Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Internet of Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial Vehicle Internet of Vehicles (CV-IOV) is a technology that allows commercial vehicles to connect with each other and with the infrastructure to share information, including location, speed, and navigation. This can help reduce traffic congestion and improve safety.
Some of the key players operating in the commercial vehicle internet of vehicles market are Streamax Technology Co, Hikvision, Itrackstar, Hirain Technologies, Sinoiov, Hangzhou Hopechart IoT Technology Co Ltd, Xiamen Yaxon Network Co.,Ltd., Qiming Information Technology Co, Liaoning Zhonghuan Weixingdaohang Communication Limited Company, Wuhan Yingtai Site Electronic Technology Co.,Ltd., Yuweitek.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Internet of Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Internet of Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Internet of Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Internet of Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Internet of Vehicles Market Size & Forecast, 2018-2028
4.5.1 Commercial Vehicle Internet of Vehicles Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Internet of Vehicles Market Absolute $ Opportunity
Chapter 5 Global Commercial Vehicle Internet of Vehicles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Vehicle Internet of Vehicles Market Size Forecast by Type
5.2.1 Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
5.2.2 Government Platform
5.2.3 Car Enterprise Platform
5.2.4 Third-party Operating Platform
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Vehicle Internet of Vehicles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Vehicle Internet of Vehicles Market Size Forecast by Applications
6.2.1 Heavy Truck
6.2.2 Bus
6.2.3 Taxi
6.2.4 New Energy Vehicle
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Internet of Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Internet of Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Vehicle Internet of Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Vehicle Internet of Vehicles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Vehicle Internet of Vehicles Market Size Forecast by Type
9.6.1 Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
9.6.2 Government Platform
9.6.3 Car Enterprise Platform
9.6.4 Third-party Operating Platform
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Vehicle Internet of Vehicles Market Size Forecast by Applications
9.10.1 Heavy Truck
9.10.2 Bus
9.10.3 Taxi
9.10.4 New Energy Vehicle
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Vehicle Internet of Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Vehicle Internet of Vehicles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Vehicle Internet of Vehicles Market Size Forecast by Type
10.6.1 Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
10.6.2 Government Platform
10.6.3 Car Enterprise Platform
10.6.4 Third-party Operating Platform
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Vehicle Internet of Vehicles Market Size Forecast by Applications
10.10.1 Heavy Truck
10.10.2 Bus
10.10.3 Taxi
10.10.4 New Energy Vehicle
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Vehicle Internet of Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Vehicle Internet of Vehicles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Vehicle Internet of Vehicles Market Size Forecast by Type
11.6.1 Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
11.6.2 Government Platform
11.6.3 Car Enterprise Platform
11.6.4 Third-party Operating Platform
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Vehicle Internet of Vehicles Market Size Forecast by Applications
11.10.1 Heavy Truck
11.10.2 Bus
11.10.3 Taxi
11.10.4 New Energy Vehicle
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Vehicle Internet of Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Vehicle Internet of Vehicles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Vehicle Internet of Vehicles Market Size Forecast by Type
12.6.1 Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
12.6.2 Government Platform
12.6.3 Car Enterprise Platform
12.6.4 Third-party Operating Platform
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Vehicle Internet of Vehicles Market Size Forecast by Applications
12.10.1 Heavy Truck
12.10.2 Bus
12.10.3 Taxi
12.10.4 New Energy Vehicle
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Vehicle Internet of Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Vehicle Internet of Vehicles Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Vehicle Internet of Vehicles Market Size Forecast by Type
13.6.1 Global Commercial Vehicle Internet of Vehicles Market Size Growth Rate by IoV Platform: 2016 VS 2021 VS 2027
13.6.2 Government Platform
13.6.3 Car Enterprise Platform
13.6.4 Third-party Operating Platform
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Vehicle Internet of Vehicles Market Size Forecast by Applications
13.10.1 Heavy Truck
13.10.2 Bus
13.10.3 Taxi
13.10.4 New Energy Vehicle
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Internet of Vehicles Market: Competitive Dashboard
14.2 Global Commercial Vehicle Internet of Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Streamax Technology Co
14.3.2 Hikvision
14.3.3 Itrackstar
14.3.4 Hirain Technologies
14.3.5 Sinoiov
14.3.6 Hangzhou Hopechart IoT Technology Co Ltd
14.3.7 Xiamen Yaxon Network Co.,Ltd.
14.3.8 Qiming Information Technology Co
14.3.9 Liaoning Zhonghuan Weixingdaohang Communication Limited Company
14.3.10 Wuhan Yingtai Site Electronic Technology Co.,Ltd.
14.3.11 Yuweitek
