Internet of Vehicles Market Analysis and Forecast to 2031: By Component (Hardware, Software, and Service), Technology (Bluetooth, Cellular, Wi-Fi, NFC, and Others), Communication Type (Vehicle-to-Vehicle, Vehicle-to-Infrastructure, and Others), and Region

The Internet of Vehicles (IoV) is a term used to describe the interconnectedness of vehicles and the internet. It is also sometimes referred to as the Internet of Things for vehicles (IoV). The IoV is made up of a variety of interconnected technologies, including sensors, GPS systems, and wireless networks. These technologies allow vehicles to communicate with each other and with other devices, such as traffic lights and weather stations. The goal of the IoV is to make driving safer, more efficient, and more convenient.

Key Trends

The key trends in Internet of Vehicles technology are:

1. Increasing connectivity: With the advent of 5G technology, the number of devices that can be connected to the internet is set to increase exponentially. This will enable vehicles to be connected to a wider range of devices and systems, both inside and outside the car.

2. Improved safety: One of the main benefits of the Internet of Vehicles technology is the ability to improve safety on the roads. By connecting vehicles to each other and to the infrastructure around them, accidents and congestion can be reduced.

3. Enhanced efficiency: Another key trend is the enhanced efficiency that can be achieved through the Internet of Vehicles technology. By connecting vehicles to each other and to the infrastructure around them, journey times can be reduced and fuel consumption can be lowered.

4. Improved customer experience: By connecting vehicles to each other and to the infrastructure around them, Internet of Vehicles technology can improve the customer experience. For example, passengers can be provided with real-time information about traffic conditions and route options.

Key Drivers

There are three key drivers of the Internet of Vehicles market:

1. The increasing connectivity of vehicles: Vehicles are becoming increasingly connected, with more and more of them featuring built-in cellular connection capabilities. This trend is being driven by the increasing availability of high-speed cellular networks, the decreasing cost of cellular data plans, and the increasing number of applications that require a constant connection to the internet.

2. The increasing adoption of electric vehicles: Electric vehicles are becoming increasingly popular, due to their environmental benefits and the declining cost of batteries. This trend is likely to continue, as the range and charging time of electric vehicles continue to improve.

3. The increasing number of autonomous vehicles: Autonomous vehicles are those that can drive themselves without the need for a human driver. This technology is still in its early stages, but it is rapidly advancing and is expected to become more common in the coming years.

Restraints & Challenges

The key restraints and challenges in Internet of Vehicles market are as follows:

1. Lack of standardization: There is no single standard for the technology used in Internet of Vehicles (IoV), which makes it difficult for different devices and systems to communicate with each other. This lack of standardization is a major challenge for the growth of the IoV market.

2. High costs: The cost of implementing IoV technology is another challenge for the market growth. The costs associated with installing and maintaining IoV infrastructure can be quite high.

Market Segments

The Internet of Vehicles Market is segmented by  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. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Internet of Vehicles Market includes players such as Ford Motor Company, Texas Instruments Inc., Audi AG, Intel Corporation, SAP, NXP Semiconductors N.V., Apple Inc., Google Inc., IBM Corporation and Cisco Systems Inc.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Internet of Vehicles Market Outlook
3.1. Internet of Vehicles Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Internet of Vehicles Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Internet of Vehicles Market
4.3. Economic Impact Analysis

Chapter 5. Internet of Vehicles Market by Component
5.1. Market Overview
5.2. Hardware
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Software
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Service
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Internet of Vehicles Market by Technology
6.1. Market Overview
6.2. Wi-Fi
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Bluetooth
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. NFC
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Cellular
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.6. Others
6.6.1. Market Size and Forecast, 2021-2031 ($Million)
6.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Internet of Vehicles Market by Communication Type
7.1. Market Overview
7.2. Vehicle-To-Vehicle
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Vehicle-To-Infrastructure
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Others
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Internet of Vehicles Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.3. North America Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.2.4. North America Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.2.5. North America Internet of Vehicles Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.6.2. The U.S. Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.2.6.3. The U.S. Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.7.2. Canada Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.2.7.3. Canada Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.8.2. Mexico Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.2.8.3. Mexico Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.3. Europe Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.4. Europe Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3.5. Europe Internet of Vehicles Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.6.2. Germany Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.6.3. Germany Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.7.2. France Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.7.3. France Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.8.2. U.K. Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.8.3. U.K. Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.9.2. Spain Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.9.3. Spain Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.10.2. Italy Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.10.3. Italy Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Internet of Vehicles Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.4.4. Asia-Pacific Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.5. Asia-Pacific Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.6.2. China Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.4.6.3. China Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.7.2. India Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.4.7.3. India Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.8.2. Japan Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.4.8.3. Japan Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.9.2. South Korea Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.4.9.3. South Korea Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.3. Rest of the World Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.5.4. Rest of the World Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.5.5. Rest of the World Internet of Vehicles Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.6.2. Latin America Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.5.6.3. Latin America Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.7.2. Middle East Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.5.7.3. Middle East Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Internet of Vehicles Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.8.2. Africa Internet of Vehicles Market Size and Forecast by Technology, 2021-2031, ($Million)
8.5.8.3. Africa Internet of Vehicles Market Size and Forecast by Communication Type, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Ford Motor Company
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Texas Instruments Inc.
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Audi AG
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Intel Corporation
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. SAP
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. NXP Semiconductors N.V.
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Apple Inc.
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Google Inc.
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. IBM Corporation
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Cisco Systems Inc.
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

 

Market Segments

By Component

  • Hardware
  • Software
  • Service

By Technology

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

By Communication Type

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

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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