New York, NY -- (SBWIRE) -- 04/01/2020 -- The global Internet of Vehicle market was valued at $66,075 million in 2017 and is estimated to reach $208,107 million by 2024, growing at a CAGR of 18.00% from 2018 to 2024. Internet of Vehicles refers to the automation of vehicles, which involves the implementations of IoT technologies into vehicles. The internet of vehicle market growth is expected to witness high demand, owing to rise in technological upgrades in the automotive industry, rising internet penetration, the introduction of Logistics4.0, and increase in awareness about safety measures across the globe. The Internet of Vehicles (IoV) technology is a pioneering technological innovation that is expected to revolutionize the automotive market. IoT refers to the technology that has various dynamics and communicates between public and vehicle networks using V2V (vehicle-to-vehicle), V2R (vehicle-to-road), V2H (vehicle-to-human), and V2S (vehicle-to-sensor) interactions.

Internet of the vehicle is a certain convergence of mobile internet and the Internet of things. It includes the presence of internet in the moving vehicles to extract information about the location, speed, distance, or mishaps on the roads. It is a converged technology that encompasses information, communication, environmental protection, energy conservation, and safety. Internet of Vehicles helps the driver to know the area and avoid collision with the nearby passing vehicles, and even control the speed accordingly. The technology is used for personal as well as business vehicle use. In the case of business use, internet of vehicles is the ultimate solution to track the employee and to assure the safety of the business asset.

Major Key Players of the Internet of Vehicle Market are:
Ford Motor Co, Texas Instruments Inc., Audi AG, Intel Corporation, SAP, NXP semiconductors, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc

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The North America internet of vehicle market is expected to register the highest CAGR during the forecast period, due to an early adoption of IoV, and continuous launch of new and improved technologies in the region.

The global internet of vehicles market is segmented based on component, technology, communication type, and region. Software, hardware, and service related to the internet of vehicles market are studied under the components segment. Based on communication type, the market is divided into vehicle-to-vehicle, vehicle-to-infrastructure, and others. Based on technology, the market is segmented into Bluetooth, cellular, Wi-Fi, NFC, and Others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major Technology of Internet of Vehicle Market covered are:
Bluetooth
Cellular
Wi-Fi, NFC, and Others

Major Communication Types of Internet of Vehicle Market covered are:
Vehicle-to-Vehicle
Vehicle-to-Infrastructure, and Others

Research objectives:-

– To study and analyze the global Internet of Vehicle consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Internet of Vehicle market by identifying its various sub-segments.
– Focuses on the key global Internet of Vehicle manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Internet of Vehicle with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Internet of Vehicle Market Size
2.2 Internet of Vehicle Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Internet of Vehicle Market Size by Manufacturers
3.2 Internet of Vehicle Key Players Head office and Area Served
3.3 Key Players Internet of Vehicle Product/Solution/Service
3.4 Date of Enter into Internet of Vehicle Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Internet of Vehicle Sales by Product
4.2 Global Internet of Vehicle Revenue by Product
4.3 Internet of Vehicle Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Internet of Vehicle Breakdown Data by End User

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In the end, Internet of Vehicle industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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