Internet Of Vehicle Market

Internet Of Vehicle Market Size, Share, Growth Analysis, By Region(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG50C2030 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Internet Of Vehicle Market Insights

Market Overview:

The valuation of the worldwide Internet of Vehicle Market reached USD 95.62 billion in 2021. The market's growth trajectory is evident as it progresses from USD 115.81 billion in 2022 to an anticipated USD 351.71 billion by 2030, driven by a robust Compound Annual Growth Rate (CAGR) of 21.3% during the forecast period from 2023 to 2030. This expansion is fueled by the increasing integration of vehicle systems with internet connectivity and advanced technologies, enhancing safety, efficiency, and convenience for drivers and passengers alike. The Internet of Vehicle concept involves the interconnection of vehicles, communication networks, and cloud-based platforms to enable real-time data exchange and enhanced functionality, such as autonomous driving, predictive maintenance, and connected services. This transformation is reshaping the automotive industry and fostering innovation in transportation.

Internet Of Vehicle Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Wireless Telecommunication Services by segment aggregation, the contribution of the Wireless Telecommunication Services in Telecommunication Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Internet Of Vehicle Market is segmented by Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Internet Of Vehicle Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Region the market is segmented as, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa, KEY MARKET PLAYERS, Cisco Systems, AT&T, Microsoft Corporation, IBM Corporation, Intel Corporation, TomTom International BV, General Motors, Ford Motor Company, Tesla, Inc., BMW AG, Daimler AG, Audi AG, Toyota Motor Corporation, Volvo Cars, Honda Motor Co., Ltd., Volkswagen AG, Nissan Motor Co., Ltd., BlackBerry Limited, Harman International Industries, Inc., Continental AG

Regional Analysis:

Internet Of Vehicle Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Internet Of Vehicle Market Attractiveness Analysis, By Region 2020-2028
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Internet Of Vehicle Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Internet Of Vehicle Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Internet Of Vehicle Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Internet Of Vehicle Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Internet Of Vehicle Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • rnet Of Vehicle Market size was valued at USD 95.62 billion in 2021 and is poised to grow from USD 115.81 billion in 2022 to USD 351.71 billion by 2030, growing at a CAGR of 21.3% in the forecast period (2023-2030).
  • Due to concerns over vehicle security and safety, which are key factors in the expansion of the internet of vehicles market, the demand for GID, a key component of that market, has significantly expanded. In previous years, the market was led by the Wi-Fi segment, and this trend is predicted to continue. Additionally, the entire internet of vehicles market share was controlled by the vehicle-to-vehicle communication category in the same year. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoTand cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. In addition to safer roads and decision-making based on precise data collection and analysis, improved city infrastructure and traffic management also benefit governments and individual users. IoV also prepares the way for a wider uptake of autonomous driving and carsharing, which is a significant cost-saving solution for both people and cities. The key reasons propelling the growth of the internet of vehicles market are the rise in demand for vehicle tracking and driver safety, as well as the rising usage of IoT and cloud services. Market expansion is, however, somewhat constrained by issues like the difficulty in detecting the precise vehicle position and data loss as a result of barriers like terrain.
  • Asia Pacific is anticipated to hold the largest Internet Of Vehicles Market share. Supportive regulatory measures are being implemented in Japan to facilitate IoV architecture testing and boost engineering capability. China is also the world leader in 5Gnetworking in terms of adoption rate and implementation due to its early deployment. Federal policies and new IoV standards are being developed quickly nationwide. These elements are therefore considered responsible for the area's quick market expansion. With major investments in the internet of cars sector, driven by vehicle security, infotainment, and fleet management, Europe is also predicted to witness significant market growth. Priorities for investment will be on lowering risks associated with driving and raising situational awareness, with a focus on V2I and V2V solutions.
  • Global Internet Of Vehicle Market Dynamics
  • Internet Of Vehicle Market Driver
  • Implementation of Traffic Management to Drive Market Growth
  • Traffic management is generating significant revenue for the internet of vehicles market, with applications that range from smart traffic lights that can optimize traffic flow by assessing the current road situation to weather-adaptable lighting systems. Furthermore, sensors can guide drivers to open parking spaces, and beacons and rescue services can be automatically notified when drivers are involved in an accident via CCTV cameras that provide real-time data. As a result, the increasing use of IoV in traffic and parking management will drive market growth.
  • Internet Of Vehicle Market Restraint
  • Rising Security Concerns
  • The internet of vehicles establishes a network of connected devices and integrates various services, technologies, and communication protocols, raising concerns about information security. It exposes the system to various forms of malicious interference, such as distributed denial-of-service (DDoS) attacks. They can be directed at various levels, such as the vehicle or the communication network that is transferring the data. In IoV, vehicle components including steering wheel, brakes, GPS, accelerator, and alarms can be remotely accessed, and a successful breach or hack can result in fatalities.
  • Global Internet Of Vehicle Market Competitive Landscape
  • The Global internet of the vehicle market is relatively fragmented, with a high level of competition. Few large players, like Ford Motor Company, Texas Instruments Inc., Audi AG, Intel Corporation, SAP, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other enterprises to enhance their market share and profitability.
  • Internet Of Vehicle Market Recent Developments
  • In June 2022, Intel reaffirmed its intention to employ technology to improve Indian roads' safety. The Union Minister for Road Transport and Highways, Shri Nitin Gadkari, inaugurated the Safety Pioneers Conference in New Delhi, where Intel brought together top businesses like technology and transportation providers, automakers, and academic institutions, and the government to work together and develop solutions to issues relating to road safety. The partnership will serve as a catalyst to promote regional ideas in addition to saving lives on the roads. The business highlighted Intel Onboard Fleet Services (Solution), an AI-powered fleet safety solution for commercial vehicles, as part of its commitment to employing technology to improve road safety.
  • In February 2021, Ford and Google joined hands to develop unique capabilities and services for Lincoln and Ford customers. This six-year-old partnership would enable the company to power millions of future Lincoln and Ford vehicles by Android with Google services and applications. At the same time, it would help Ford to boost its transformation plan.
  • Global Internet Of Vehicle Key Market Trends
  • Manufacturers hope to transition to a cloud-based electrical/electronic (E/E) vehicle architecture as the 5G network develops. Image processing and other tasks that require a lot of computing power can be moved to the cloud. Among other advantages, it improves optional efficiency and processing capacities, both of which are important to meet future mobility demands.
  • Global Internet Of Vehicle Market SkyQuest Analysis
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
  • According to our Internet Of Vehicles Market analysis, the market for connected automobiles is anticipated to increase quickly due to the rising number of automotive accidents around the world. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoT and cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. A vehicle GID functions as a communication gateway and is connected to the worldwide universal network. North America appears to be the market's largest contributor and consumer at the moment. This might be a result of improved infrastructure development and supply for this product. A significant factor is the region's growing acceptance of electric vehicles by the general public. The Asia Pacific region has a great deal of potential to quickly challenge North America as the world's top IoV consumer.
  • KEY MARKET SEGMENTS
  • Component
  • Hardware, Software, Service
  • Networking Technology
  • Wi-Fi, Bluetooth, Cellular, Others
  • Communication Type
  • Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Others
  • By Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Cisco Systems
  • AT&T
  • Microsoft Corporation
  • IBM Corporation
  • Intel Corporation
  • TomTom International BV
  • General Motors
  • Ford Motor Company
  • Tesla, Inc.
  • BMW AG
  • Daimler AG
  • Audi AG
  • Toyota Motor Corporation
  • Volvo Cars
  • Honda Motor Co., Ltd.
  • Volkswagen AG
  • Nissan Motor Co., Ltd.
  • BlackBerry Limited
  • Harman International Industries, Inc.
  • Continental AG

SkyQuest's Expertise:

The Internet Of Vehicle Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Region - North America, Europe, Asia-Pacific, Latin America, Middle East & Africa, KEY MARKET PLAYERS, Cisco Systems, AT&T, Microsoft Corporation, IBM Corporation, Intel Corporation, TomTom International BV, General Motors, Ford Motor Company, Tesla, Inc., BMW AG, Daimler AG, Audi AG, Toyota Motor Corporation, Volvo Cars, Honda Motor Co., Ltd., Volkswagen AG, Nissan Motor Co., Ltd., BlackBerry Limited, Harman International Industries, Inc., Continental AG
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • rnet Of Vehicle Market size was valued at USD 95.62 billion in 2021 and is poised to grow from USD 115.81 billion in 2022 to USD 351.71 billion by 2030, growing at a CAGR of 21.3% in the forecast period (2023-2030).
  • Due to concerns over vehicle security and safety, which are key factors in the expansion of the internet of vehicles market, the demand for GID, a key component of that market, has significantly expanded. In previous years, the market was led by the Wi-Fi segment, and this trend is predicted to continue. Additionally, the entire internet of vehicles market share was controlled by the vehicle-to-vehicle communication category in the same year. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoTand cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. In addition to safer roads and decision-making based on precise data collection and analysis, improved city infrastructure and traffic management also benefit governments and individual users. IoV also prepares the way for a wider uptake of autonomous driving and carsharing, which is a significant cost-saving solution for both people and cities. The key reasons propelling the growth of the internet of vehicles market are the rise in demand for vehicle tracking and driver safety, as well as the rising usage of IoT and cloud services. Market expansion is, however, somewhat constrained by issues like the difficulty in detecting the precise vehicle position and data loss as a result of barriers like terrain.
  • Asia Pacific is anticipated to hold the largest Internet Of Vehicles Market share. Supportive regulatory measures are being implemented in Japan to facilitate IoV architecture testing and boost engineering capability. China is also the world leader in 5Gnetworking in terms of adoption rate and implementation due to its early deployment. Federal policies and new IoV standards are being developed quickly nationwide. These elements are therefore considered responsible for the area's quick market expansion. With major investments in the internet of cars sector, driven by vehicle security, infotainment, and fleet management, Europe is also predicted to witness significant market growth. Priorities for investment will be on lowering risks associated with driving and raising situational awareness, with a focus on V2I and V2V solutions.
  • Global Internet Of Vehicle Market Dynamics
  • Internet Of Vehicle Market Driver
  • Implementation of Traffic Management to Drive Market Growth
  • Traffic management is generating significant revenue for the internet of vehicles market, with applications that range from smart traffic lights that can optimize traffic flow by assessing the current road situation to weather-adaptable lighting systems. Furthermore, sensors can guide drivers to open parking spaces, and beacons and rescue services can be automatically notified when drivers are involved in an accident via CCTV cameras that provide real-time data. As a result, the increasing use of IoV in traffic and parking management will drive market growth.
  • Internet Of Vehicle Market Restraint
  • Rising Security Concerns
  • The internet of vehicles establishes a network of connected devices and integrates various services, technologies, and communication protocols, raising concerns about information security. It exposes the system to various forms of malicious interference, such as distributed denial-of-service (DDoS) attacks. They can be directed at various levels, such as the vehicle or the communication network that is transferring the data. In IoV, vehicle components including steering wheel, brakes, GPS, accelerator, and alarms can be remotely accessed, and a successful breach or hack can result in fatalities.
  • Global Internet Of Vehicle Market Competitive Landscape
  • The Global internet of the vehicle market is relatively fragmented, with a high level of competition. Few large players, like Ford Motor Company, Texas Instruments Inc., Audi AG, Intel Corporation, SAP, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other enterprises to enhance their market share and profitability.
  • Internet Of Vehicle Market Recent Developments
  • In June 2022, Intel reaffirmed its intention to employ technology to improve Indian roads' safety. The Union Minister for Road Transport and Highways, Shri Nitin Gadkari, inaugurated the Safety Pioneers Conference in New Delhi, where Intel brought together top businesses like technology and transportation providers, automakers, and academic institutions, and the government to work together and develop solutions to issues relating to road safety. The partnership will serve as a catalyst to promote regional ideas in addition to saving lives on the roads. The business highlighted Intel Onboard Fleet Services (Solution), an AI-powered fleet safety solution for commercial vehicles, as part of its commitment to employing technology to improve road safety.
  • In February 2021, Ford and Google joined hands to develop unique capabilities and services for Lincoln and Ford customers. This six-year-old partnership would enable the company to power millions of future Lincoln and Ford vehicles by Android with Google services and applications. At the same time, it would help Ford to boost its transformation plan.
  • Global Internet Of Vehicle Key Market Trends
  • Manufacturers hope to transition to a cloud-based electrical/electronic (E/E) vehicle architecture as the 5G network develops. Image processing and other tasks that require a lot of computing power can be moved to the cloud. Among other advantages, it improves optional efficiency and processing capacities, both of which are important to meet future mobility demands.
  • Global Internet Of Vehicle Market SkyQuest Analysis
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
  • According to our Internet Of Vehicles Market analysis, the market for connected automobiles is anticipated to increase quickly due to the rising number of automotive accidents around the world. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoT and cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. A vehicle GID functions as a communication gateway and is connected to the worldwide universal network. North America appears to be the market's largest contributor and consumer at the moment. This might be a result of improved infrastructure development and supply for this product. A significant factor is the region's growing acceptance of electric vehicles by the general public. The Asia Pacific region has a great deal of potential to quickly challenge North America as the world's top IoV consumer.
  • KEY MARKET SEGMENTS
  • Component
  • Hardware, Software, Service
  • Networking Technology
  • Wi-Fi, Bluetooth, Cellular, Others
  • Communication Type
  • Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Others
  • By Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Cisco Systems
  • AT&T
  • Microsoft Corporation
  • IBM Corporation
  • Intel Corporation
  • TomTom International BV
  • General Motors
  • Ford Motor Company
  • Tesla, Inc.
  • BMW AG
  • Daimler AG
  • Audi AG
  • Toyota Motor Corporation
  • Volvo Cars
  • Honda Motor Co., Ltd.
  • Volkswagen AG
  • Nissan Motor Co., Ltd.
  • BlackBerry Limited
  • Harman International Industries, Inc.
  • Continental AG
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Internet Of Vehicle Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Internet Of Vehicle Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • rnet Of Vehicle Market size was valued at USD 95.62 billion in 2021 and is poised to grow from USD 115.81 billion in 2022 to USD 351.71 billion by 2030, growing at a CAGR of 21.3% in the forecast period (2023-2030).
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Due to concerns over vehicle security and safety, which are key factors in the expansion of the internet of vehicles market, the demand for GID, a key component of that market, has significantly expanded. In previous years, the market was led by the Wi-Fi segment, and this trend is predicted to continue. Additionally, the entire internet of vehicles market share was controlled by the vehicle-to-vehicle communication category in the same year. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoTand cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. In addition to safer roads and decision-making based on precise data collection and analysis, improved city infrastructure and traffic management also benefit governments and individual users. IoV also prepares the way for a wider uptake of autonomous driving and carsharing, which is a significant cost-saving solution for both people and cities. The key reasons propelling the growth of the internet of vehicles market are the rise in demand for vehicle tracking and driver safety, as well as the rising usage of IoT and cloud services. Market expansion is, however, somewhat constrained by issues like the difficulty in detecting the precise vehicle position and data loss as a result of barriers like terrain.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific is anticipated to hold the largest Internet Of Vehicles Market share. Supportive regulatory measures are being implemented in Japan to facilitate IoV architecture testing and boost engineering capability. China is also the world leader in 5Gnetworking in terms of adoption rate and implementation due to its early deployment. Federal policies and new IoV standards are being developed quickly nationwide. These elements are therefore considered responsible for the area's quick market expansion. With major investments in the internet of cars sector, driven by vehicle security, infotainment, and fleet management, Europe is also predicted to witness significant market growth. Priorities for investment will be on lowering risks associated with driving and raising situational awareness, with a focus on V2I and V2V solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Internet Of Vehicle Market Dynamics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Internet Of Vehicle Market Driver
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Implementation of Traffic Management to Drive Market Growth
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Traffic management is generating significant revenue for the internet of vehicles market, with applications that range from smart traffic lights that can optimize traffic flow by assessing the current road situation to weather-adaptable lighting systems. Furthermore, sensors can guide drivers to open parking spaces, and beacons and rescue services can be automatically notified when drivers are involved in an accident via CCTV cameras that provide real-time data. As a result, the increasing use of IoV in traffic and parking management will drive market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Internet Of Vehicle Market Restraint
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rising Security Concerns
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The internet of vehicles establishes a network of connected devices and integrates various services, technologies, and communication protocols, raising concerns about information security. It exposes the system to various forms of malicious interference, such as distributed denial-of-service (DDoS) attacks. They can be directed at various levels, such as the vehicle or the communication network that is transferring the data. In IoV, vehicle components including steering wheel, brakes, GPS, accelerator, and alarms can be remotely accessed, and a successful breach or hack can result in fatalities.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Internet Of Vehicle Market Competitive Landscape
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Global internet of the vehicle market is relatively fragmented, with a high level of competition. Few large players, like Ford Motor Company, Texas Instruments Inc., Audi AG, Intel Corporation, SAP, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other enterprises to enhance their market share and profitability.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Internet Of Vehicle Market Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In June 2022, Intel reaffirmed its intention to employ technology to improve Indian roads' safety. The Union Minister for Road Transport and Highways, Shri Nitin Gadkari, inaugurated the Safety Pioneers Conference in New Delhi, where Intel brought together top businesses like technology and transportation providers, automakers, and academic institutions, and the government to work together and develop solutions to issues relating to road safety. The partnership will serve as a catalyst to promote regional ideas in addition to saving lives on the roads. The business highlighted Intel Onboard Fleet Services (Solution), an AI-powered fleet safety solution for commercial vehicles, as part of its commitment to employing technology to improve road safety.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2021, Ford and Google joined hands to develop unique capabilities and services for Lincoln and Ford customers. This six-year-old partnership would enable the company to power millions of future Lincoln and Ford vehicles by Android with Google services and applications. At the same time, it would help Ford to boost its transformation plan.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Internet Of Vehicle Key Market Trends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturers hope to transition to a cloud-based electrical/electronic (E/E) vehicle architecture as the 5G network develops. Image processing and other tasks that require a lot of computing power can be moved to the cloud. Among other advantages, it improves optional efficiency and processing capacities, both of which are important to meet future mobility demands.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Internet Of Vehicle Market SkyQuest Analysis
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • According to our Internet Of Vehicles Market analysis, the market for connected automobiles is anticipated to increase quickly due to the rising number of automotive accidents around the world. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoT and cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. A vehicle GID functions as a communication gateway and is connected to the worldwide universal network. North America appears to be the market's largest contributor and consumer at the moment. This might be a result of improved infrastructure development and supply for this product. A significant factor is the region's growing acceptance of electric vehicles by the general public. The Asia Pacific region has a great deal of potential to quickly challenge North America as the world's top IoV consumer.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Component
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hardware, Software, Service
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Networking Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Wi-Fi, Bluetooth, Cellular, Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Communication Type
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia-Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cisco Systems
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AT&T
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Microsoft Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • IBM Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Intel Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • TomTom International BV
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • General Motors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ford Motor Company
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Tesla, Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BMW AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Daimler AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Audi AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Toyota Motor Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Volvo Cars
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Honda Motor Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Volkswagen AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Nissan Motor Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BlackBerry Limited
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Harman International Industries, Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Continental AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Internet Of Vehicle Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Internet Of Vehicle Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Internet Of Vehicle Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Internet Of Vehicle Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Internet Of Vehicle was estimated to be valued at US$ XX Mn in 2021.

The global Internet Of Vehicle Market is estimated to grow at a CAGR of XX% by 2028.

The global Internet Of Vehicle Market is segmented on the basis of Region.

Based on region, the global Internet Of Vehicle Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Internet Of Vehicle Market are rnet Of Vehicle Market size was valued at USD 95.62 billion in 2021 and is poised to grow from USD 115.81 billion in 2022 to USD 351.71 billion by 2030, growing at a CAGR of 21.3% in the forecast period (2023-2030). , Due to concerns over vehicle security and safety, which are key factors in the expansion of the internet of vehicles market, the demand for GID, a key component of that market, has significantly expanded. In previous years, the market was led by the Wi-Fi segment, and this trend is predicted to continue. Additionally, the entire internet of vehicles market share was controlled by the vehicle-to-vehicle communication category in the same year. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoTand cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. In addition to safer roads and decision-making based on precise data collection and analysis, improved city infrastructure and traffic management also benefit governments and individual users. IoV also prepares the way for a wider uptake of autonomous driving and carsharing, which is a significant cost-saving solution for both people and cities. The key reasons propelling the growth of the internet of vehicles market are the rise in demand for vehicle tracking and driver safety, as well as the rising usage of IoT and cloud services. Market expansion is, however, somewhat constrained by issues like the difficulty in detecting the precise vehicle position and data loss as a result of barriers like terrain. , Asia Pacific is anticipated to hold the largest Internet Of Vehicles Market share. Supportive regulatory measures are being implemented in Japan to facilitate IoV architecture testing and boost engineering capability. China is also the world leader in 5Gnetworking in terms of adoption rate and implementation due to its early deployment. Federal policies and new IoV standards are being developed quickly nationwide. These elements are therefore considered responsible for the area's quick market expansion. With major investments in the internet of cars sector, driven by vehicle security, infotainment, and fleet management, Europe is also predicted to witness significant market growth. Priorities for investment will be on lowering risks associated with driving and raising situational awareness, with a focus on V2I and V2V solutions. , Global Internet Of Vehicle Market Dynamics , Internet Of Vehicle Market Driver , Implementation of Traffic Management to Drive Market Growth , Traffic management is generating significant revenue for the internet of vehicles market, with applications that range from smart traffic lights that can optimize traffic flow by assessing the current road situation to weather-adaptable lighting systems. Furthermore, sensors can guide drivers to open parking spaces, and beacons and rescue services can be automatically notified when drivers are involved in an accident via CCTV cameras that provide real-time data. As a result, the increasing use of IoV in traffic and parking management will drive market growth. , Internet Of Vehicle Market Restraint , Rising Security Concerns , The internet of vehicles establishes a network of connected devices and integrates various services, technologies, and communication protocols, raising concerns about information security. It exposes the system to various forms of malicious interference, such as distributed denial-of-service (DDoS) attacks. They can be directed at various levels, such as the vehicle or the communication network that is transferring the data. In IoV, vehicle components including steering wheel, brakes, GPS, accelerator, and alarms can be remotely accessed, and a successful breach or hack can result in fatalities. , Global Internet Of Vehicle Market Competitive Landscape , The Global internet of the vehicle market is relatively fragmented, with a high level of competition. Few large players, like Ford Motor Company, Texas Instruments Inc., Audi AG, Intel Corporation, SAP, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other enterprises to enhance their market share and profitability. , Internet Of Vehicle Market Recent Developments , In June 2022, Intel reaffirmed its intention to employ technology to improve Indian roads' safety. The Union Minister for Road Transport and Highways, Shri Nitin Gadkari, inaugurated the Safety Pioneers Conference in New Delhi, where Intel brought together top businesses like technology and transportation providers, automakers, and academic institutions, and the government to work together and develop solutions to issues relating to road safety. The partnership will serve as a catalyst to promote regional ideas in addition to saving lives on the roads. The business highlighted Intel Onboard Fleet Services (Solution), an AI-powered fleet safety solution for commercial vehicles, as part of its commitment to employing technology to improve road safety. , In February 2021, Ford and Google joined hands to develop unique capabilities and services for Lincoln and Ford customers. This six-year-old partnership would enable the company to power millions of future Lincoln and Ford vehicles by Android with Google services and applications. At the same time, it would help Ford to boost its transformation plan. , Global Internet Of Vehicle Key Market Trends , Manufacturers hope to transition to a cloud-based electrical/electronic (E/E) vehicle architecture as the 5G network develops. Image processing and other tasks that require a lot of computing power can be moved to the cloud. Among other advantages, it improves optional efficiency and processing capacities, both of which are important to meet future mobility demands. , Global Internet Of Vehicle Market SkyQuest Analysis , SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research. , According to our Internet Of Vehicles Market analysis, the market for connected automobiles is anticipated to increase quickly due to the rising number of automotive accidents around the world. The market for the internet of vehicles is expanding as a result of rising demand for driver and vehicle tracking, as well as increased IoT and cloud service usage. However, limitations like the difficulty in pinpointing the precise location of the vehicle and data loss as a result of impediments like terrain limit market expansion to some extent. A vehicle GID functions as a communication gateway and is connected to the worldwide universal network. North America appears to be the market's largest contributor and consumer at the moment. This might be a result of improved infrastructure development and supply for this product. A significant factor is the region's growing acceptance of electric vehicles by the general public. The Asia Pacific region has a great deal of potential to quickly challenge North America as the world's top IoV consumer. , KEY MARKET SEGMENTS , Component , Hardware, Software, Service , Networking Technology , Wi-Fi, Bluetooth, Cellular, Others , Communication Type , Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Others , By Region , North America , Europe , Asia-Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , Cisco Systems , AT&T , Microsoft Corporation , IBM Corporation , Intel Corporation , TomTom International BV , General Motors , Ford Motor Company , Tesla, Inc. , BMW AG , Daimler AG , Audi AG , Toyota Motor Corporation , Volvo Cars , Honda Motor Co., Ltd. , Volkswagen AG , Nissan Motor Co., Ltd. , BlackBerry Limited , Harman International Industries, Inc. , Continental AG .

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