Market Analysis and Insights: Global Internet of Vehicles (IoV) Market
Internet of Vehicles (IoV) helps a vehicle to connect to the nearby vehicle or other traffic infrastructure using a wireless network. Through this technology the vehicles send floating data to the base area located at long distances. It helps the user to locate the vehicle as well as the ones around. In addition to it, the vehicles detect the speed and distance of the nearby vehicle and manage self-speed accordingly.
The global Internet of Vehicles (IoV) market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Factors such as rising internet penetration, growth associated with connected devices, increase in presence of automation solutions in automotive industry, introduction of Logistics4.0, drive the internet of vehicle market growth. However, inefficiency in determining the exact vehicle position and loss of floating data due to obstacles are expected to hamper the market growth during the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Internet of Vehicles (IoV) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Internet of Vehicles (IoV) market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Internet of Vehicles (IoV) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Internet of Vehicles (IoV) market.
Global Internet of Vehicles (IoV) Scope and Market Size
Internet of Vehicles (IoV) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Internet of Vehicles (IoV) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Bluetooth
Cellular
Wi-Fi
NFC
Others
Segment by Application
Vehicle-To-Vehicle
Vehicle-To-Infrastructure
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Ford Motor
Texas Instruments
Audi
Intel
SAP
NXP Semiconductors
Apple
Google
IBM
Cisco Systems