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.
This report aims to provide a comprehensive presentation of the global market for Internet of Vehicles (IoV), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Internet of Vehicles (IoV). This report contains market size and forecasts of Internet of Vehicles (IoV) in global, including the following market information:
- Global Internet of Vehicles (IoV) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Internet of Vehicles (IoV) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Internet of Vehicles (IoV) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Internet of Vehicles (IoV) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Internet of Vehicles (IoV) Market Segment Percentages, by Type, 2022 (%)
- Bluetooth
- Cellular
- Wi-Fi
- NFC
- Others
Global Internet of Vehicles (IoV) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Internet of Vehicles (IoV) Market Segment Percentages, by Application, 2022 (%)
- Vehicle-To-Vehicle
- Vehicle-To-Infrastructure
- Others
Global Internet of Vehicles (IoV) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Internet of Vehicles (IoV) Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Internet of Vehicles (IoV) revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Internet of Vehicles (IoV) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Ford Motor
- Texas Instruments
- Audi
- Intel
- SAP
- NXP Semiconductors
- Apple
- Google
- IBM
- Cisco Systems
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Internet of Vehicles (IoV), market overview.
- Chapter 2: Global Internet of Vehicles (IoV) market size in revenue.
- Chapter 3: Detailed analysis of Internet of Vehicles (IoV) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Internet of Vehicles (IoV) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
