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Internet of Vehicle Market by Component (Hardware, Software, and Service), Technology (Bluetooth, Cellular, Wi-Fi, NFC, and Others), and Communication Type (Vehicle-to-Vehicle, Vehicle-to-Infrastructure, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2024

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IC_184420
Pages: 239
May 2018 | 2067 Views
 
Author's : Pankaj Lanjudkar
Tables: 73
Charts: 57
 

Internet of Vehicle Market Overview:

Internet of Vehicles (IoV) helps a vehicle to connect to the nearby vehicle or other traffic infrastructure using a wireless network. Through this technology the vehicles send floating data to the base area located at long distances. It helps the user to locate the vehicle as well as the ones around. In addition to it, the vehicles detect the speed and distance of the nearby vehicle and manage self-speed accordingly. The global internet of vehicles market was valued at $66,075 million in 2017, and is projected to reach at $208,107 million by 2024, growing at a CAGR of 18.00% from 2018 to 2024.

The increased demand for GID, which is a prominent part of internet of vehicle market, is on a significant rise due to the security of the vehicle and safety issues which drives the growth of the internet of vehicle market.

The Wi-Fi segment led the market in 2017 and is expected to remain dominant in future. Furthermore, the vehicle-to vehicle communication segment dominated the overall internet of vehicle market share in the same year.

Increase in demand for vehicle tracking and driver safety and surge in adoption of IoT and cloud services are the major factors that fuel the growth of the internet of vehicle market. However, factors such as inefficiency in determining the exact vehicle position and loss of data due to obstacles such as landscapes hamper the market growth to a certain extent.

The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The Porters five forces analysis of the industry helps understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the internet of vehicle market growth.

Global Internet of Vehicles Market

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Segment Review

The global internet of vehicles market is segmented into component, technology, communication type and region. Based on component, it is divided into hardware, software, and service. Based on technology, it is classified into Bluetooth, cellular, Wi-Fi, NFC, and others. By communication type, it is categorized into vehicle-to-vehicle, vehicle-to-infrastructure, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global internet of vehicles market include Ford Motor Co., Texas Instruments Inc., Audi AG, Intel Corporation, SAP, NXP semiconductors, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc.

Global Internet of Vehicles Market By Components


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Global Internet of Vehicles Market By Communication Type


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Global Internet of Vehicles Market By Technology

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Top Impacting Factors

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.

Penetration of IoT and Cloud Services

Many organizations and personal user are adopting internet of vehicles, as it helps them to track fleet, trains, buses, and cars. IoV uses the sensors and presently available mobile phones and other gadgets to further the mobility of. In addition, the moving vehicles transmit a lot of information while travelling and cloud services provide the required platform. This in turn boosts the adoption of internet of vehicle.

Emergence of Global Identification (GID)

A vehicular GID is a communication gateway and is integrated with the global universal network connectivity. It is a smart in-vehicle sensor that provides global positioning, online identification of the vehicle, and the name of its owner. It acts as a virtual license plate of the vehicle. GID increases the usability of IoV; thus, fueling the market growth.

Automated Functions

The future of IoV lies in the automation of vehicles. With the advancement of technology, the vehicles are geared up to slow down the speed after avoiding the warnings, on detection of any vehicle nearby and further, if necessary apply brakes or turn the wheels. The next generation of IoV would see a fully automated driver car.

Key Benefits for Stakeholders

  • This study includes the analytical depiction of the global internet of vehicles market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2017 to 2024 to highlight the financial competency of the industry.
  • Porters five forces analysis illustrates the potency of buyers & suppliers in the global internet of vehicles industry.

Internet of Vehicle Market Key Segments:

By Component

  • Hardware
  • Software
  • Service

By Technology

  • Bluetooth
  • Cellular
  • Wi-Fi
  • NFC
  • Other

By Communication Type

  • Vehicle-To-Vehicle
  • Vehicle-To-Infrastructure
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Ford Motor Company
  • Texas Instruments Inc.
  • Audi AG
  • Intel Corporation
  • SAP
  • NXP Semiconductors N.V.
  • Apple Inc.
  • Google Inc.
  • IBM Corporation
  • Cisco Systems Inc.
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY

1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.2.3.1. Top winning strategies
3.2.3.2. Top winning strategies
3.2.3.3. Top winning strategies, by company

3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rise in the trends of vehicle tracking and safety
3.5.1.2. Adoption of IoT and cloud service
3.5.1.3. Emergence of GID

3.5.2. Restraints

3.5.2.1. Inefficient positioning of vehicle.
3.5.2.2. Loss of data

3.5.3. Opportunities

3.5.3.1. Automated functions
3.5.3.2. Introduction of 5G technology and globalization
3.5.3.3. Reduction in frauds

Chapter: 4: INTERNET OF VEHICLE MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. HARDWARE

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. SOFTWARE

4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. SERVICE

4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

Chapter: 5: INTERNET OF VEHICLE MARKET, BY TECHNOLOGY

5.1. OVERVIEW
5.2. WI-FI

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. BLUETOOTH

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. NFC

5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. CELLULAR

5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

5.6. OTHERS

5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country

Chapter: 6: INTERNET OF VEHICLE MARKET, BY COMMUNICATION TYPE

6.1. OVERVIEW
6.2. VEHICLE-TO-VEHICLE

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. VEHICLE-TO-INFRASTRUCTURE

6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. OTHERS

6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

Chapter: 7: INTERNET OF VEHICLE MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by component
7.2.3. Market size and forecast, by technology
7.2.4. Market size and forecast, by types of communication
7.2.5. Market size and forecast, by country
7.2.6. U.S. Internet of Vehicle market

7.2.6.1. Market size and forecast, by component
7.2.6.2. Market size and forecast, by technology
7.2.6.3. Market size and forecast, by communication type

7.2.7. Canada Internet of Vehicle market

7.2.7.1. Market size and forecast, by component
7.2.7.2. Market size and forecast, by technology
7.2.7.3. Market size and forecast, by communication type

7.2.8. Mexico Internet of Vehicle market

7.2.8.1. Market size and forecast, by component
7.2.8.2. Market size and forecast, by technology
7.2.8.3. Market size and forecast, by communication type

7.3. EUROPE

7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by component
7.3.3. Market size and forecast, by technology
7.3.4. Market size and forecast, by types of communication
7.3.5. Market size and forecast, by country
7.3.6. UK Internet of Vehicle market

7.3.6.1. Market size and forecast, by component
7.3.6.2. Market size and forecast, by technology
7.3.6.3. Market size and forecast, by communication type

7.3.7. France Internet of Vehicle market

7.3.7.1. Market size and forecast, by component
7.3.7.2. Market size and forecast, by technology
7.3.7.3. Market size and forecast, by communication type

7.3.8. Germany Internet of Vehicle market

7.3.8.1. Market size and forecast, by component
7.3.8.2. Market size and forecast, by technology
7.3.8.3. Market size and forecast, by type of communication

7.3.9. Rest of Europe Internet of Vehicle market

7.3.9.1. Market size and forecast, by component
7.3.9.2. Market size and forecast, by technology
7.3.9.3. Market size and forecast, by communication type

7.4. ASIA-PACIFIC

7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by component
7.4.3. Market size and forecast, by technology
7.4.4. Market size and forecast, by communication type
7.4.5. Market size and forecast, by country
7.4.6. China Internet of Vehicle market

7.4.6.1. Market size and forecast, by component
7.4.6.2. Market size and forecast, by technology
7.4.6.3. Market size and forecast, by communication type

7.4.7. Japan Internet of Vehicle market

7.4.7.1. Market size and forecast, by component
7.4.7.2. Market size and forecast, by technology
7.4.7.3. Market size and forecast, by communication type

7.4.8. India Internet of Vehicle market

7.4.8.1. Market size and forecast, by component
7.4.8.2. Market size and forecast, by technology
7.4.8.3. Market size and forecast, by communication type

7.4.9. Rest of Asia-Pacific Internet of Vehicle market

7.4.9.1. Market size and forecast, by component
7.4.9.2. Market size and forecast, by technology
7.4.9.3. Market size and forecast, by communication type

7.5. LAMEA

7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by component
7.5.3. Market size and forecast, by technology
7.5.4. Market size and forecast, by type of communication
7.5.5. Market size and forecast, by country
7.5.6. Latin America Internet of Vehicle market

7.5.6.1. Market size and forecast, by component
7.5.6.2. Market size and forecast, by technology
7.5.6.3. Market size and forecast, by communication type

7.5.7. Middle East Internet of Vehicle market

7.5.7.1. Market size and forecast, by component
7.5.7.2. Market size and forecast, by technology
7.5.7.3. Market size and forecast, by communication type

7.5.8. Africa Internet of Vehicle market

7.5.8.1. Market size and forecast, by component
7.5.8.2. Market size and forecast, by technology
7.5.8.3. Market size and forecast, by communication type

Chapter: 8: COMPANY PROFILES

8.1. FORD MOTOR COMPANY

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments

8.2. TEXAS INSTRUMENTS INC.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio
8.2.4. Business performance
8.2.5. Key strategic moves and developments

8.3. AUDI AG

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.3.4. Business performance
8.3.5. Key strategic moves and developments

8.4. INTEL CORPORATION

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio
8.4.4. Business performance
8.4.5. Key strategic moves and developments

8.5. SAP

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Business performance
8.5.5. Key strategic moves and developments

8.6. NXP SEMICONDUCTORS N.V.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.6.4. Business performance
8.6.5. Key strategic moves and developments

8.7. APPLE INC.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product Portfolio
8.7.4. Business performance
8.7.5. Key strategic moves and developments

8.8. GOOGLE INC.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.8.4. Business performance
8.8.5. Key strategic moves and developments

8.9. IBM CORPORATION

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.9.4. Business performance
8.9.5. Key strategic moves and developments

8.10. CISCO SYSTEMS INC.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Business performance
8.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 02. INTERNET OF VEHICLE MARKET REVENUE FOR HARDWARE, BY REGION, 2015–2024 ($MILLION)
TABLE 03. INTERNET OF VEHICLE MARKET REVENUE FOR SOFTWARE, BY REGION, 2015–2024 ($MILLION)
TABLE 04. INTERNET OF VEHICLE MARKET REVENUE FOR SERVICES, BY REGION, 2015–2024 ($MILLION)
TABLE 05. GLOBAL INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 06. INTERNET OF VEHICLE MARKET REVENUE FOR WI-FI, BY REGION, 2015–2024 ($MILLION)
TABLE 07. INTERNET OF VEHICLE MARKET REVENUE FOR BLUETOOTH, BY REGION, 2015–2024 ($MILLION)
TABLE 08. INTERNET OF VEHICLE MARKET REVENUE FOR NFC, BY REGION, 2015–2024 ($MILLION)
TABLE 09. INTERNET OF VEHICLE MARKET REVENUE FOR CELLULAR, BY REGION, 2015–2024 ($MILLION)
TABLE 10. INTERNET OF VEHICLE MARKET REVENUE FOR OTHER TECHNOLOGIES, BY REGION, 2015-2024 ($MILLION)
TABLE 11. GLOBAL INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 12. INTERNET OF VEHICLE MARKET REVENUE FOR V2V COMMUNICATION, BY REGION, 2015–2024 ($MILLION)
TABLE 13. INTERNET OF VEHICLE MARKET REVENUE FOR V2I, BY REGION, 2015–2024 ($MILLION)
TABLE 14. INTERNET OF VEHICLE MARKET REVENUE FOR OTHER COMMUNICATIONS, BY REGION, 2015–2024 ($MILLION)
TABLE 15. GLOBAL INTERNET OF VEHICLE MARKET REVENUE, BY GEOGRAPHY, 2015–2024 ($MILLION)
TABLE 16. NORTH AMERICA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 17. NORTH AMERICA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 18. NORTH AMERICA INTERNET OF VEHICLE MARKET REVENUE, COMMUNICATION TYPES, 2015–2024 ($MILLION)
TABLE 19. NORTH AMERICA INTERNET OF VEHICLE MARKET REVENUE, BY COUNTRY, 2015–2024 ($MILLION)
TABLE 20. U.S. INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 21. U.S. INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 22. U.S. INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 23. CANADA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 24. CANADA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 25. CANADA INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPES, 2015–2024 ($MILLION)
TABLE 26. MEXICO INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 27. MEXICO INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2023 ($MILLION)
TABLE 28. MEXICO INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPES, 2015–2024 ($MILLION)
TABLE 29. EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 30. EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 31. EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY TYPE OF COMMUNICATION, 2015–2024 ($MILLION)
TABLE 32. EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY COUNTRY, 2015–2024 ($MILLION)
TABLE 33. UK INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2017–2023 ($MILLION)
TABLE 34. UK INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 35. UK INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 36. FRANCE INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2023 ($MILLION)
TABLE 37. FRANCE INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 38. FRANCE INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 39. GERMANY INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 40. GERMANY INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 41. GERMANY INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2023 ($MILLION)
TABLE 42. REST OF EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 43. REST OF EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 44. REST OF EUROPE INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 45. ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 46. ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 47. ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 48. ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY COUNTRY, 2015–2024 ($MILLION)
TABLE 49. CHINA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 50. CHINA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 51. CHINA INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2024 ($MILLION)
TABLE 52. JAPAN INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015–2024 ($MILLION)
TABLE 53. JAPAN INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015–2024 ($MILLION)
TABLE 54. JAPAN INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015–2023 ($MILLION)
TABLE 55. INDIA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2017–2024 ($MILLION)
TABLE 56. INDIA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2017–2024 ($MILLION)
TABLE 57. INDIA INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2017–2023 ($MILLION)
TABLE 58. REST OF ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2017–2024 ($MILLION)
TABLE 59. REST OF ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2017–2024 ($MILLION)
TABLE 60. REST OF ASIA-PACIFIC INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2017–2023 ($MILLION)
TABLE 61. LAMEA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2017–2024 ($MILLION)
TABLE 62. LAMEA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2017–2024 ($MILLION)
TABLE 63. LAMEA INTERNET OF VEHICLE MARKET REVENUE, BY TYPE OF COMMUNICATION, 2017–2024 ($MILLION)
TABLE 64. LAMEA INTERNET OF VEHICLE MARKET REVENUE, BY COUNTRY, 2017–2024 ($MILLION)
TABLE 65. LATIN AMERICA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2017–2024 ($MILLION)
TABLE 66. LATIN AMERICA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2017–2024 ($MILLION)
TABLE 67. LATIN AMERICA INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2017–2024 ($MILLION)
TABLE 68. MIDDLE EAST INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2017–2024 ($MILLION)
TABLE 69. MIDDLE EAST INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2017–2024 ($MILLION)
TABLE 70. MIDDLE EAST INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015-2024($MILLION)
TABLE 71. AFRICA INTERNET OF VEHICLE MARKET REVENUE, BY COMPONENT, 2015-2024($MILLION)
TABLE 72. AFRICA INTERNET OF VEHICLE MARKET REVENUE, BY TECHNOLOGY, 2015-2024($MILLION)
TABLE 73. AFRICA INTERNET OF VEHICLE MARKET REVENUE, BY COMMUNICATION TYPE, 2015-2024($MILLION)

LIST OF FIGURES

FIGURE 01. GLOBAL INTERNET OF VEHICLE MARKET, 2017–2024
FIGURE 02. GLOBAL INTERNET OF VEHICLE MARKET, BY REGION, 2017–2024
FIGURE 03. GLOBAL INTERNET OF VEHICLE MARKET: KEY PLAYERS
FIGURE 04. GLOBAL INTERNET OF VEHICLE MARKET SEGMENTAT
FIGURE 05. TOP IMPACTING FACTORS
FIGURE 06. TOP INVESTMENT POCKETS
FIGURE 07. TOP WINNING STRATEGIES
FIGURE 08. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 09. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 10. HIGH BARGAINING POWER OF BUYERS
FIGURE 11. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 12. MODERATE THREAT OF NEW ENTRANTS
FIGURE 13. MODERATE THREAT OF SUBSTITUTES
FIGURE 14. HIGH COMPETITIVE RIVALRY
FIGURE 15. MARKET PLAYER POSITIONING
FIGURE 16. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 17. U.S. INTERNET OF VEHICLE MARKET, 2017–2024 ($ MILLION)
FIGURE 18. CANADA INTERNET OF VEHICLE MARKET, 2017–2024 ($ MILLION)
FIGURE 19. MEXICO INTERNET OF VEHICLE MARKET, 2017–2024 ($ MILLION)
FIGURE 20. UK INTERNET OF VEHICLE MARKET, 2017-2024 ($MILLIONS)
FIGURE 21. FRANCE INTERNET OF VEHICLE MARKET, 2017-2024($MILLION)
FIGURE 22. GERMANY INTERNET OF VEHICLE MARKET, 2017-2024 ($MILLION)
FIGURE 23. REST OF EUROPE INTERNET OF VEHICLE MARKET,2017-2024 ($MILLION)
FIGURE 24. CHINA INTERNET OF VEHICLE MARKET, 2017-2024 ($MILLION)
FIGURE 25. JAPAN INTERNET OF VEHICLE MARKET, 2017-2024 ($MILLION)
FIGURE 26. INDIA INTERNET OF VEHICLE MARKET,2016-2024($MILLION)
FIGURE 27. REST OF ASIA-PACIFIC INTERNET OF VEHICLE MARKET, 2016-2024 ($MILLION)
FIGURE 28. LATIN AMERICA INTERNET OF VEHICLE, 2017-2024 ($MILLION)
FIGURE 29. MIDDLE EAST INTERNET OF VEHICLE MARKET, 2016-2024 ($MILLION)
FIGURE 30. AFRICA INTERNET OF VEHICLE MARKET, 2017-2024($ MILLION)
FIGURE 31. FORD MOTOR COMPANY: NET SALES
FIGURE 32. FORD MOTOR COMPANY: REVENUE BY SEGMENT
FIGURE 33. FORD MOTOR COMPANY: REVENUE BY GEOGRAPHY
FIGURE 34. TEXAS INSTRUMENTS INC: NET SALES
FIGURE 35. TEXAS INSTRUMENTS INC: REVENUE BY SEGMENT
FIGURE 36. TEXAS INSTRUMENTS INC: REVENUE BY GEOGRAPHY
FIGURE 37. AUDI AG: NET SALES
FIGURE 38. AUDI AG: REVENUE BY SEGMENT
FIGURE 39. INTEL CORPORATION.: NET SALES
FIGURE 40. INTEL CORPORATION: REVENUE BY SEGMENT
FIGURE 41. INTEL CORPORATION: REVENUE BY GEOGRAPHY
FIGURE 42. SAP CORPORATION.: NET SALES
FIGURE 43. NXP SEMICONDUCTORS N.V. : NET SALES
FIGURE 44. NXP SEMICONDUCTORS N.V.: REVENUE BY PRODUCT
FIGURE 45. MICROSOFT CORPORATION: REVENUE BY GEOGRAPHY
FIGURE 46. APPLE INC.: NET SALES
FIGURE 47. APPLE INC.: REVENUE BY PRODUCT
FIGURE 48. APPLE INC.: REVENUE BY GEOGRAPHY
FIGURE 49. GOOGLE INC.: NET SALES
FIGURE 50. GOOGLE INC.: REVENUE BY PRODUCT
FIGURE 51. GOOGLE INC.: REVENUE BY GEOGRAPHY
FIGURE 52. IBM CORPORATION: NET SALES
FIGURE 53. IBM CORPORATIOPN.: REVENUE BY PRODUCT
FIGURE 54. IBM CORPORATION: REVENUE BY GEOGRAPHY
FIGURE 55. CISCO SYSTEMS INC.: NET SALES
FIGURE 56. CISCO SYSTEMS INC..: REVENUE BY PRODUCT
FIGURE 57. CISCO SYSTEMS INC.: REVENUE BY GEOGRAPHY

 

 

Internet of vehicles uses hardware and software automation, and incorporation of various technologies.  The internet of vehicle market is expected to witness an increase in demand for road safety and rise in adoption of IoT in vehicles. This technology helps vehicles to connect to adjacent vehicles or other traffic infrastructure in the field of wireless network. Using this technology, vehicles can send floating data to the base station situated at any location. In addition, it helps users to locate vehicles as well as in the nearby area.  Some of the examples of communication types include vehicle-to-vehicle, vehicle-to-infrastructure, and others.

Periodic launches of new and improved technologies and progressive enhancement from manual cognitive for automated cognitive fuel the market growth. Innovations in GID has improved security and increased opportunities in the global internet of vehicle market. Furthermore, introduction of 5G technology and incorporation of this technology with IoV ensure that floating data is transmitted efficiently and reduce the chances of data loss. These factors are expected to boost the growth of the market.

In 2017, North America was the highest contributor, in terms of revenue, in the internet of vehicle market. In addition, vehicle-to-infrastructure segment has contributed significantly to the revenue to the market in North America. Furthermore, Wi-Fi technology segment is anticipated to witness the highest growth rate during the forecast period, due to heavy investment across developing nations.

Prominent players have adopted various strategies, such as new product launch, business expansion, and strategic alliances to increase awareness about mining automation across various countries to strengthen their position and enhance the internet of vehicle market share.

For instance, Fiat Chrysler Automobiles (FCA) collaborated with Waymo, a leading a self-driving technology company in 2016, to launch fully automated driving cars. In addition, FCA joined forces with BMW Group, Intel Corporation, and Mobileye, an Intel company in July 2016 to develop self-driving vehicles by collaborating to bring solutions for highly automated driving (Level 3) and fully automated driving (Level 4/5) into production by 2021.

 

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