Internet of Vehicle Market Analysis, Development, and Forecast by 2031

MARKET INTRODUCTION

The technology which facilitates vehicles to connect to other vehicles in the vicinity and also to different infrastructures, is known as Internet of Vehicles (IoV). The demand for Internet of Vehicle market is growing at a rapid rate owing to the fact that, the military forces are increasingly adopting the technology in order to simplify the connectivity between different vehicles on and off battlefield. Also the commercial automotive industry is also adopting the technology attributing to the exponential penetration of internet infrastructure and rising adoption of advanced technologies in automotive industry.

MARKET DYNAMICS

The global Internet of Vehicle (IoV) market is expanding substantially in the current scenario, pertaining to the rise in vehicle global ID (GID) terminal. It is a communications gateway and integrated or mounted terminal with global ubiquitous network connectivity. The GID helps in tracking the vehicle with global identification functionality and global positioning systems with in-vehicle sensors. The advancement in automotive technology has risen the interest among the automotive industry players to adopt the IoV technology, which is key factor in driving the Internet of Vehicle market. Asia Pacific automotive industry is booming in the current market scenario, which is expected to create substantial market space for players operating in Internet of Vehicle market.

MARKET SCOPE

The "Global Internet Of Vehicle Market Analysis to 2031" is a specialized and in-depth study of the telecom, media and telecommunication industry with a special focus on the global internet of vehicle market trend analysis. The report aims to provide an overview of internet of vehicle market with detailed market segmentation by components, connectivity and geography. The global internet of vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading internet of vehicle market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global internet of vehicle market is segmented on the basis of components and connectivity. The internet of vehicle market is categorized on basis of different components as hardware, software and services. The internet of vehicle market on the basis of the connectivity is classified into Bluetooth, WI-Fi, Cellular and others.

REGIONAL FRAMEWORK

The report on internet of vehicle market provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global internet of vehicle market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The internet of vehicle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting internet of vehicle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the internet of vehicle market in these regions.

MARKET PLAYERS

The reports cover key developments in the internet of vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from internet of vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for internet of vehicle in the global market. Below mentioned is the list of few companies engaged in the internet of vehicle market.

The report also includes the profiles of key internet of vehicle companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

• APPLE INC.
• AUDI AG
• CISCO SYSTEMS INC.
• FORD MOTOR COMPANY
• GOOGLE
• IBM CORPORATION
• INTEL CORPORATION
• NXP SEMICONDUCTOR
• SAP SE
• TEXAS INSTRUMENTS

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Internet of Vehicle Report Scope