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.
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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
- IBM CORPORATION
- INTEL CORPORATION
- NXP SEMICONDUCTOR
- SAP SE
- TEXAS INSTRUMENTS
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Internet of Vehicle - By Components
1.3.2 Internet of Vehicle - By Connectivity
1.3.3 Internet of Vehicle - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. INTERNET OF VEHICLE LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INTERNET OF VEHICLE - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INTERNET OF VEHICLE - GLOBAL MARKET ANALYSIS
6.1. INTERNET OF VEHICLE - GLOBAL MARKET OVERVIEW
6.2. INTERNET OF VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INTERNET OF VEHICLE - REVENUE AND FORECASTS TO 2028 - COMPONENTS
7.1. OVERVIEW
7.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICE
7.5.1. Overview
7.5.2. Service Market Forecast and Analysis
8. INTERNET OF VEHICLE - REVENUE AND FORECASTS TO 2028 - CONNECTIVITY
8.1. OVERVIEW
8.2. CONNECTIVITY MARKET FORECASTS AND ANALYSIS
8.3. BLUETOOTH
8.3.1. Overview
8.3.2. Bluetooth Market Forecast and Analysis
8.4. WI-FI
8.4.1. Overview
8.4.2. Wi-Fi Market Forecast and Analysis
8.5. CELLULAR
8.5.1. Overview
8.5.2. Cellular Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INTERNET OF VEHICLE REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Internet of Vehicle Overview
9.1.2 North America Internet of Vehicle Forecasts and Analysis
9.1.3 North America Internet of Vehicle Forecasts and Analysis - By Components
9.1.4 North America Internet of Vehicle Forecasts and Analysis - By Connectivity
9.1.5 North America Internet of Vehicle Forecasts and Analysis - By Countries
9.1.5.1 United States Internet of Vehicle
9.1.5.1.1 United States Internet of Vehicle by Components
9.1.5.1.2 United States Internet of Vehicle by Connectivity
9.1.5.2 Canada Internet of Vehicle
9.1.5.2.1 Canada Internet of Vehicle by Components
9.1.5.2.2 Canada Internet of Vehicle by Connectivity
9.1.5.3 Mexico Internet of Vehicle
9.1.5.3.1 Mexico Internet of Vehicle by Components
9.1.5.3.2 Mexico Internet of Vehicle by Connectivity
9.2. EUROPE
9.2.1 Europe Internet of Vehicle Overview
9.2.2 Europe Internet of Vehicle Forecasts and Analysis
9.2.3 Europe Internet of Vehicle Forecasts and Analysis - By Components
9.2.4 Europe Internet of Vehicle Forecasts and Analysis - By Connectivity
9.2.5 Europe Internet of Vehicle Forecasts and Analysis - By Countries
9.2.5.1 Germany Internet of Vehicle
9.2.5.1.1 Germany Internet of Vehicle by Components
9.2.5.1.2 Germany Internet of Vehicle by Connectivity
9.2.5.2 France Internet of Vehicle
9.2.5.2.1 France Internet of Vehicle by Components
9.2.5.2.2 France Internet of Vehicle by Connectivity
9.2.5.3 Italy Internet of Vehicle
9.2.5.3.1 Italy Internet of Vehicle by Components
9.2.5.3.2 Italy Internet of Vehicle by Connectivity
9.2.5.4 United Kingdom Internet of Vehicle
9.2.5.4.1 United Kingdom Internet of Vehicle by Components
9.2.5.4.2 United Kingdom Internet of Vehicle by Connectivity
9.2.5.5 Russia Internet of Vehicle
9.2.5.5.1 Russia Internet of Vehicle by Components
9.2.5.5.2 Russia Internet of Vehicle by Connectivity
9.2.5.6 Rest of Europe Internet of Vehicle
9.2.5.6.1 Rest of Europe Internet of Vehicle by Components
9.2.5.6.2 Rest of Europe Internet of Vehicle by Connectivity
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Internet of Vehicle Overview
9.3.2 Asia-Pacific Internet of Vehicle Forecasts and Analysis
9.3.3 Asia-Pacific Internet of Vehicle Forecasts and Analysis - By Components
9.3.4 Asia-Pacific Internet of Vehicle Forecasts and Analysis - By Connectivity
9.3.5 Asia-Pacific Internet of Vehicle Forecasts and Analysis - By Countries
9.3.5.1 Australia Internet of Vehicle
9.3.5.1.1 Australia Internet of Vehicle by Components
9.3.5.1.2 Australia Internet of Vehicle by Connectivity
9.3.5.2 China Internet of Vehicle
9.3.5.2.1 China Internet of Vehicle by Components
9.3.5.2.2 China Internet of Vehicle by Connectivity
9.3.5.3 India Internet of Vehicle
9.3.5.3.1 India Internet of Vehicle by Components
9.3.5.3.2 India Internet of Vehicle by Connectivity
9.3.5.4 Japan Internet of Vehicle
9.3.5.4.1 Japan Internet of Vehicle by Components
9.3.5.4.2 Japan Internet of Vehicle by Connectivity
9.3.5.5 South Korea Internet of Vehicle
9.3.5.5.1 South Korea Internet of Vehicle by Components
9.3.5.5.2 South Korea Internet of Vehicle by Connectivity
9.3.5.6 Rest of Asia-Pacific Internet Of Vehicle
9.3.5.6.1 Rest of Asia-Pacific Internet of Vehicle by Components
9.3.5.6.2 Rest of Asia-Pacific Internet of Vehicle by Connectivity
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Internet of Vehicle Overview
9.4.2 Middle East and Africa Internet of Vehicle Forecasts and Analysis
9.4.3 Middle East and Africa Internet of Vehicle Forecasts and Analysis - By Components
9.4.4 Middle East and Africa Internet of Vehicle Forecasts and Analysis - By Connectivity
9.4.5 Middle East and Africa Internet of Vehicle Forecasts and Analysis - By Countries
9.4.5.1 South Africa Internet of Vehicle
9.4.5.1.1 South Africa Internet of Vehicle by Components
9.4.5.1.2 South Africa Internet of Vehicle by Connectivity
9.4.5.2 Saudi Arabia Internet of Vehicle
9.4.5.2.1 Saudi Arabia Internet of Vehicle by Components
9.4.5.2.2 Saudi Arabia Internet of Vehicle by Connectivity
9.4.5.3 U.A.E Internet of Vehicle
9.4.5.3.1 U.A.E Internet of Vehicle by Components
9.4.5.3.2 U.A.E Internet of Vehicle by Connectivity
9.4.5.4 Rest of Middle East and Africa Internet of Vehicle
9.4.5.4.1 Rest of Middle East and Africa Internet of Vehicle by Components
9.4.5.4.2 Rest of Middle East and Africa Internet of Vehicle by Connectivity
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Internet of Vehicle Overview
9.5.2 South and Central America Internet of Vehicle Forecasts and Analysis
9.5.3 South and Central America Internet of Vehicle Forecasts and Analysis - By Components
9.5.4 South and Central America Internet of Vehicle Forecasts and Analysis - By Connectivity
9.5.5 South and Central America Internet of Vehicle Forecasts and Analysis - By Countries
9.5.5.1 Brazil Internet of Vehicle
9.5.5.1.1 Brazil Internet of Vehicle by Components
9.5.5.1.2 Brazil Internet of Vehicle by Connectivity
9.5.5.2 Argentina Internet of Vehicle
9.5.5.2.1 Argentina Internet of Vehicle by Components
9.5.5.2.2 Argentina Internet of Vehicle by Connectivity
9.5.5.3 Rest of South and Central America Internet of Vehicle
9.5.5.3.1 Rest of South and Central America Internet of Vehicle by Components
9.5.5.3.2 Rest of South and Central America Internet of Vehicle by Connectivity
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INTERNET OF VEHICLE, KEY COMPANY PROFILES
11.1. APPLE INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AUDI AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CISCO SYSTEMS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FORD MOTOR COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GOOGLE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IBM CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INTEL CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NXP SEMICONDUCTORS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAP SE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TEXAS INSTRUMENTS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. APPLE INC.
2. AUDI AG
3. CISCO SYSTEMS INC.
4. FORD MOTOR COMPANY
5. GOOGLE
6. IBM CORPORATION
7. INTEL CORPORATION
8. NXP SEMICONDUCTOR
9. SAP SE
10. TEXAS INSTRUMENTS
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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