Market Overview:
The global internet of vehicles (IoV) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the IoV market can be attributed to the increasing demand for connected and autonomous vehicles. The global IoV market is segmented on the basis of type, application, and region. On the basis of type, the Bluetooth segment is expected to hold a major share in terms of revenue in 2018. This can be attributed to its low cost and easy installation as compared to other types such as cellular and Wi-Fi.
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Product Definition:
The term "Internet of Vehicles" (IoV) generally refers to the idea of connecting vehicles to the internet and each other, in order to allow for more efficient and safer transportation. This could involve things such as connecting cars so they can communicate with one another, or installing sensors in vehicles that allow them to share data with traffic management systems. The goal is to make transportation safer, easier, and more efficient by using technology.
Bluetooth:
Bluetooth is a wireless technology for connecting two devices wirelessly. It provides better connectivity and mobility between electronic devices as compared to cables and wires. Bluetooth allows the users to connect with other Bluetooth-enabled devices, such as mobile phones, laptops, tablets, and media players; hence it is widely used in consumer electronics industry including headsets & earphones along with computers & laptops.
Cellular:
Cellular and it’s usage in Internet of Vehicles (IoV) market is a new term that has entered the automotive industry. It means using mobile network infrastructure to access vehicle data. The technology was first introduced by Apple with its CarPlay system, which allows drivers to connect their smartphones via a wireless communication interface installed in the vehicle.
Application Insights:
Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) are the major applications of the global internet of vehicles. V2V communication is used for informing a vehicle about a hazard on or near a road, such as another car coming from opposite direction, while V2I communication is intended for informing infrastructure such as traffic lights and signs to adapt driving directions. Other applications include tracking vehicles in real time through Global Positioning System (GPS), playing music over speakers or Bluetooth headsets, etc. These functions require little data transfer which makes them suitable for low bandwidth connections between vehicles and sensors.
The need to reduce accidents caused by driver distraction has led several governments around the world to invest in connected cars initiatives that make use of big data analytics tools coupled with machine learning algorithms for analyzing large volumes of sensor data collected from various connected cars platforms operating across different levels within an autonomous fleet including roads, highways, city streets.
Regional Analysis:
The North American regional market dominated the global industry in terms of revenue share in 2017. The growth can be attributed to the presence of prominent players such as Qualcomm Inc., Intel Corporation, and Google LLC. These companies are engaged in developing and providing software-based solutions for communication between vehicles and infrastructure components. Moreover, increasing investments by governments for implementation of connected cars technology is also expected to drive the regional market over the forecast period. For instance, according to a white paper published by IIHS (Insurance Institute for Highway Safety), from 2012 to 2016, traffic fatalities decreased by 11% while injuries decreased by 14%.
Growth Factors:
- Increasing demand for smart and connected vehicles
- Proliferation of wireless technologies and big data analytics
- Growing number of partnerships and collaborations among automakers, technology providers, and telecom companies
- Emergence of new business models such as Mobility as a Service (MaaS)
- Rising consumer preference for convenience, safety, security, and comfort
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Vehicles (IoV) Market Research Report
By Type
Bluetooth, Cellular, Wi-Fi, NFC, Others
By Application
Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Others
By Companies
Ford Motor, Texas Instruments, Audi, Intel, 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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Vehicles (IoV) Market Report Segments:
The global Internet of Vehicles (IoV) market is segmented on the basis of:
Types
Bluetooth, Cellular, Wi-Fi, NFC, Others
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
- Intel
- SAP
- NXP Semiconductors
- Apple
- Google
- IBM
- Cisco Systems
 Market Overview.svg)
Highlights of The Internet of Vehicles (IoV) 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
- Others
- 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 Vehicles (IoV) 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
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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 Vehicles (IoV) is a global network of connected vehicles that enables devices to communicate with each other and their surroundings. The IoV will allow for the sharing of data, including location, speed, and other driving information. This network could also be used to connect drivers with potential rideshare partners or rental car companies.
Some of the key players operating in the internet of vehicles (iov) market are Ford Motor, Texas Instruments, Audi, Intel, 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 Vehicles (IoV) 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 Vehicles (IoV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Vehicles (IoV) Market Size & Forecast, 2018-2028
4.5.1 Internet of Vehicles (IoV) Market Size and Y-o-Y Growth
4.5.2 Internet of Vehicles (IoV) Market Absolute $ Opportunity
Chapter 5 Global Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Vehicles (IoV) 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 Vehicles (IoV) 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 Vehicles (IoV) Analysis and Forecast
9.1 Introduction
9.2 North America Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Others
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 Vehicles (IoV) 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 Vehicles (IoV) Analysis and Forecast
10.1 Introduction
10.2 Europe Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Others
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 Vehicles (IoV) 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 Vehicles (IoV) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Others
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 Vehicles (IoV) 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 Vehicles (IoV) Analysis and Forecast
12.1 Introduction
12.2 Latin America Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Others
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 Vehicles (IoV) 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 Vehicles (IoV) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Internet of Vehicles (IoV) 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 Vehicles (IoV) 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 Others
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 Vehicles (IoV) 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 Vehicles (IoV) Market: Competitive Dashboard
14.2 Global Internet of Vehicles (IoV) 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
14.3.4 Intel
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
