Internet of Vehicle Market by Component, Technology, and Communication Type - Global Opportunity Analysis and Industry Forecast, 2017-2024

  • ID: 4580502
  • Report
  • Region: Global
  • 239 pages
  • Allied Analytics LLP
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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 in technological upgrades in automotive industry, rising internet penetration, 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. IoV 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 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 case of business use, internet of vehicles is the ultimate solution to track the employee and to assure safety of the business asset.

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.

The key players profiled in the report are Ford Motor Co., Texas Instruments Inc., Audi AG, Intel Corporation, SAP, NXP semiconductors, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc. The report analyses the key strategies adopted by these players and presents a detailed analysis of the current trends, upcoming opportunities, and restraints of the internet of vehicles market.

KEY BENEFITS FOR STAKEHOLDERS
  • In-depth analysis and dynamics of the global internet of vehicle market is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2024 is provided to assist strategists and stakeholders to capitalize on the prevailing market opportunities.
  • Porter’s five forces analysis examines the competitive structure and provides a clear understanding of the factors that influence the market entry and expansion.
  • A detailed analysis of the geographical segments enables the identification of the profitable segments for the key market players.
  • A comprehensive analysis of the trends, subsegments, and key revenue pockets of the market is provided.
KEY MARKET SEGMENTS

By Component
  • Software
  • Hardware
  • Service
By Technology
  • Bluetooth
  • Cellular
  • Wi-Fi
  • NFC
  • Others
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
  • India
  • Japan
  • 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.
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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
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According to a new report Global Internet of Vehicles Market by Components, Technology, and Communication type: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global internet of vehicle 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.

Internet of vehicles (IoV) involves use of hardware and software automation, and incorporation of technology in all kind of vehicles. In 2017, the vehicle-to-infrastructure segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure. North America was the highest revenue contributor to the internet of vehicle market in 2017, accounting for around 43% share, owing to surge in demand for mobility for automation and increase in safety and security concerns.

The report features a competitive scenario of the internet of vehicle market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players operating in the global internet of vehicle 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. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the internet of vehicle market growth.

Key findings of the Internet of Vehicles Market:

The Wi-Fi segment accounted for the highest revenue under the technology type in 2017.
The vehicle-to-infrastructure segment generated the highest revenue in 2017.
North America is expected to dominate the market, in terms of market share, during the forecast period.
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