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(IoV) Internet of Vehicle Market the report includes shares, sizes and forecasts by top players, regions, applications and product types, and forecasts from 2023 to 2032 along with historical data. The Internet of Vehicles (IoV) market study includes in-depth insights into competitive scenario, description, broad product portfolio of key vendors, SWOT analysis, vast business strategies adopted by competitors, revenue, Porter’s Five Forces Analysis and sales estimations. The primary objective of the report is to present a further understanding of the latest scenario, the impact of economic slowdown and war situations on the overall industry and an exhaustive framework to cover all possible segments that help each stakeholder in the Internet of Vehicles (IoV) market.

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Vehicle Internet (IoV) enables a vehicle to connect to the surrounding vehicle or other traffic infrastructure via a cellular network. With this technology, vehicles transmit floating data to the base area over a long period of time. It enables the user to find both the car and the people around it. In addition, the vehicles recognize the speed and distance of the adjacent vehicle and control their own speed accordingly. The Internet of Cars market faces a long challenge ahead in trying to unify the scope and concepts of IoV from different perspectives. Therefore, private and public projects around the world are vital to support the growth of the Internet of Vehicles market from a global perspective.

The main factors influencing the growth of the market:

  • Penetration of IoT and cloud services in all major industries
  • The emergence of Global Identification (GID) in the automotive industry
  • Implementation of Logistics4.0 in the global market

The latest development.

  • February 2021 – Ford and Google announced a unique six-year strategic partnership to reinvent the connected car/vehicle experience. Starting in 2023, millions of future Ford and Lincoln vehicles at all price points will run Android with built-in Google apps and services.
  • November 2020 NXP Semiconductors has announced a strategic relationship with Amazon Web Services (AWS). The collaboration aims to provide a secure, edge-to-cloud computing solution for next-generation machines that can enable new cloud-powered services.

(IoV) Internet of Vehicle Market Players

The main leading companies are: Texas Instruments Inc., Tesla, Audi AG, Intel Corporation, SAP, NXP Semiconductors NV, Apple Inc., Google, IBM Corporation and Cisco Systems Inc.

Segment analysis

By identifying these segments, marketing strategies can be developed to meet priorities in a cost-effective way. (IoV) The Internet of Automotive market is fragmented
By ingredient (Hardware, software, maintenance)
By technology (Bluetooth, mobile, Wi-Fi, NFC, Zigbee, other)
By type of communication (Vehicle, Transport Infrastructure, Other)

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Regional analysis.

➸ North America (USA, Canada and Mexico)
➸ Europe (Germany, Great Britain, France, Italy, Russia and Turkey, Rest of Europe)
➸ Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam Rest of Asia)
➸ South America (Brazil, Argentina, Colombia, South American Recovery)
➸ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and the rest of South Africa and the Middle East)

Buy this report for the following reasons:

  • The Internet of Vehicle (IoV) market research provides a detailed study of evolving competitive dynamics.
  • It provides a forward-looking view of many driving variables or strategies to prevent market evolution.
  • It provides a ten-year forecast based on how the Internet of Vehicles (IoV) market is expected to expand. It helps in understanding the key product areas and their future prospects (IoV) in the Internet of Vehicles industry.
  • It provides a clear view of the changing competitive dynamics and stays one step ahead of the competition.
  • It helps in making informed trading decisions by providing complete market insight and extensive market segment analyses.

Buy this report.

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