Market Overview:
The global internet of vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for connected vehicles and the rising trend of autonomous driving. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into Bluetooth, cellular, Wi-Fi, NFC, and other technologies. Cellular technology held a major share in 2017 owing to its wide adoption for V2V communication. However, Wi-Fi technology is expected to grow at a higher CAGR during the forecast period as it offers high bandwidth and low latency for data transmission between vehicles. On the basis of application,the market is divided into vehicle-to-vehicle (V2V), vehicle-to infrastructure (V2I),and others applications such as fleet management and insurance telematics . V2I accounted for a major share in 2017 due to increased deployment by governments worldwide for improving traffic flow and reducing congestion on roads .
Product Definition:
The Internet of Vehicle is a term used to describe the growing trend of connecting vehicles to the internet. This can be done in a number of ways, including but not limited to linking cars and trucks to wireless networks, installing cellular modems in automobiles, and using vehicle-to-vehicle communication systems. The goal of the internet of vehicle is twofold: first, it allows for new opportunities for businesses and consumers alike; secondly, it provides safety benefits by helping drivers avoid accidents and improving traffic flow.
Bluetooth:
Bluetooth is a wireless technology for connecting two devices together. It allows the connection of peripherals such as printers, tablets, and headsets to an electronic device such as laptop or mobile phone. Bluetooth provides connectivity between various devices in automotive industry which enables advanced communication features such as hands-free calling and streaming audio from smartphone via car speakers.
Cellular:
Cellular and it's usage in Internet of Vehicle market is a technology that allows mobile devices to connect with vehicle systems. It helps in applications such as theft prevention, car security, remote diagnostics and service scheduling. This technology also provides various services such as e-mail, web browsing and location tracking among others. Cellular connectivity enables users to access information on the go via wireless networks which are generally based on 3G or 2G technologies.
Application Insights:
Based on application, the global internet of vehicle market is segmented into vehicle-to-vehicle, vehicle-to-infrastructure and others. The others segment includes applications such as mobile payments and location tracking. Vehicle to infrastructure is expected to be the fastest growing application over the forecast period owing to its ability to facilitate real time information between different components in a vehicles¢â‚¬â„¢ systems.
For instance; if an engine warning light goes off in a car, it can notify the driver through visual or audible alerts so that he can pay attention to other more important tasks while driving. Similarly; if there is any abnormality with tire pressure sensors, they could send out an alert message prompting drivers for immediate inspection thusly improving overall safety and security of vehicles along with their components which will eventually drive demand over the forecast period.
Regional Analysis:
The North American region dominated the market in terms of revenue share in 2017. The regional growth can be attributed to the presence of prominent players such as Qualcomm Inc., Google, Apple Inc., and others. These companies are actively working on developing advanced technologies for vehicle connectivity. Moreover, these companies are also providing their solutions to various OEMs so that they can integrate it into the vehicles' systems. This is likely to boost regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over a CAGR exceeding 40% from 2018 to 2030 owing to increasing government initiatives and investments on improving road infrastructure across countries such as India, China, Japan, Australia among others which will lead towards increased adoption of V2V communication systems.
Growth Factors:
- Increasing demand for safety and security in vehicles
- Growing demand for connected cars and autonomous vehicles
- Proliferation of 5G networks and development of advanced vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) technologies
- Rising popularity of shared mobility services
- Development of new applications and services for the Internet of Vehicle market
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Vehicle Market Research Report
By Type
Bluetooth, Cellular, Wi-Fi, NFC, Other
By Application
Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Others
By Companies
Ford Motor, Texas Instruments, Audi AG, Intel Corporation, SAP, NXP semiconductors, Apple, Google, IBM, Cisco Systems
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Vehicle Market Report Segments:
The global Internet of Vehicle market is segmented on the basis of:
Types
Bluetooth, Cellular, Wi-Fi, NFC, Other
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
Vehicle-To-Vehicle, Vehicle-To-Infrastructure, 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:
- Ford Motor
- Texas Instruments
- Audi AG
- Intel Corporation
- SAP
- NXP semiconductors
- Apple
- Google
- IBM
- Cisco Systems
Highlights of The Internet of Vehicle 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:
- Bluetooth
- Cellular
- Wi-Fi
- NFC
- Other
- By Application:
- Vehicle-To-Vehicle
- Vehicle-To-Infrastructure
- 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 Internet of Vehicle 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?
The Internet of Vehicle (IoV) is a network of connected vehicles that enables drivers and passengers to wirelessly access information, services, and resources. The IoV can improve safety by providing real-time updates on traffic conditions; allow for more efficient transportation by sharing ride requests and routing information; and enable new mobility experiences such as car-sharing.
Some of the major companies in the internet of vehicle market are Ford Motor, Texas Instruments, Audi AG, Intel Corporation, SAP, NXP semiconductors, Apple, Google, IBM, Cisco Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Vehicle 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 Internet of Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Vehicle 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 Internet of Vehicle 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 Internet of Vehicle Market Size & Forecast, 2018-2028
4.5.1 Internet of Vehicle Market Size and Y-o-Y Growth
4.5.2 Internet of Vehicle Market Absolute $ Opportunity
Chapter 5 Global Internet of Vehicle 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 Internet of Vehicle Market Size Forecast by Type
5.2.1 Bluetooth
5.2.2 Cellular
5.2.3 Wi-Fi
5.2.4 NFC
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Internet of Vehicle 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 Internet of Vehicle Market Size Forecast by Applications
6.2.1 Vehicle-To-Vehicle
6.2.2 Vehicle-To-Infrastructure
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Vehicle 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 Internet of Vehicle 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 Internet of Vehicle Analysis and Forecast
9.1 Introduction
9.2 North America Internet of Vehicle 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 Internet of Vehicle Market Size Forecast by Type
9.6.1 Bluetooth
9.6.2 Cellular
9.6.3 Wi-Fi
9.6.4 NFC
9.6.5 Other
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 Internet of Vehicle Market Size Forecast by Applications
9.10.1 Vehicle-To-Vehicle
9.10.2 Vehicle-To-Infrastructure
9.10.3 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 Internet of Vehicle Analysis and Forecast
10.1 Introduction
10.2 Europe Internet of Vehicle 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 Internet of Vehicle Market Size Forecast by Type
10.6.1 Bluetooth
10.6.2 Cellular
10.6.3 Wi-Fi
10.6.4 NFC
10.6.5 Other
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 Internet of Vehicle Market Size Forecast by Applications
10.10.1 Vehicle-To-Vehicle
10.10.2 Vehicle-To-Infrastructure
10.10.3 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 Internet of Vehicle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Internet of Vehicle 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 Internet of Vehicle Market Size Forecast by Type
11.6.1 Bluetooth
11.6.2 Cellular
11.6.3 Wi-Fi
11.6.4 NFC
11.6.5 Other
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 Internet of Vehicle Market Size Forecast by Applications
11.10.1 Vehicle-To-Vehicle
11.10.2 Vehicle-To-Infrastructure
11.10.3 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 Internet of Vehicle Analysis and Forecast
12.1 Introduction
12.2 Latin America Internet of Vehicle 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 Internet of Vehicle Market Size Forecast by Type
12.6.1 Bluetooth
12.6.2 Cellular
12.6.3 Wi-Fi
12.6.4 NFC
12.6.5 Other
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 Internet of Vehicle Market Size Forecast by Applications
12.10.1 Vehicle-To-Vehicle
12.10.2 Vehicle-To-Infrastructure
12.10.3 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) Internet of Vehicle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Internet of Vehicle 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) Internet of Vehicle Market Size Forecast by Type
13.6.1 Bluetooth
13.6.2 Cellular
13.6.3 Wi-Fi
13.6.4 NFC
13.6.5 Other
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) Internet of Vehicle Market Size Forecast by Applications
13.10.1 Vehicle-To-Vehicle
13.10.2 Vehicle-To-Infrastructure
13.10.3 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 Internet of Vehicle Market: Competitive Dashboard
14.2 Global Internet of Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ford Motor
14.3.2 Texas Instruments
14.3.3 Audi AG
14.3.4 Intel Corporation
14.3.5 SAP
14.3.6 NXP semiconductors
14.3.7 Apple
14.3.8 Google
14.3.9 IBM
14.3.10 Cisco Systems
