

The global Internet of Vehicles (IoV) market size was valued at US$ million in 2023. With growing demand in downstream market, the Internet of Vehicles (IoV) is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Internet of Vehicles (IoV) market. Internet of Vehicles (IoV) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Internet of Vehicles (IoV). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Internet of Vehicles (IoV) market.
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.
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.
Key Features:
The report on Internet of Vehicles (IoV) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Internet of Vehicles (IoV) market. It may include historical data, market segmentation by Type (e.g., Bluetooth, Cellular), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Internet of Vehicles (IoV) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Internet of Vehicles (IoV) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Internet of Vehicles (IoV) industry. This include advancements in Internet of Vehicles (IoV) technology, Internet of Vehicles (IoV) new entrants, Internet of Vehicles (IoV) new investment, and other innovations that are shaping the future of Internet of Vehicles (IoV).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Internet of Vehicles (IoV) market. It includes factors influencing customer ' purchasing decisions, preferences for Internet of Vehicles (IoV) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Internet of Vehicles (IoV) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Internet of Vehicles (IoV) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Internet of Vehicles (IoV) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Internet of Vehicles (IoV) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Internet of Vehicles (IoV) market.
Market Segmentation:
Internet of Vehicles (IoV) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Bluetooth
Cellular
Wi-Fi
NFC
Others
Segmentation by application
Vehicle-To-Vehicle
Vehicle-To-Infrastructure
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ford Motor
Texas Instruments
Audi
Intel
SAP
NXP Semiconductors
Apple
Google
IBM
Cisco Systems
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Internet of Vehicles (IoV) Market Size 2019-2030
2.1.2 Internet of Vehicles (IoV) Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Internet of Vehicles (IoV) Segment by Type
2.2.1 Bluetooth
2.2.2 Cellular
2.2.3 Wi-Fi
2.2.4 NFC
2.2.5 Others
2.3 Internet of Vehicles (IoV) Market Size by Type
2.3.1 Internet of Vehicles (IoV) Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Internet of Vehicles (IoV) Market Size Market Share by Type (2019-2024)
2.4 Internet of Vehicles (IoV) Segment by Application
2.4.1 Vehicle-To-Vehicle
2.4.2 Vehicle-To-Infrastructure
2.4.3 Others
2.5 Internet of Vehicles (IoV) Market Size by Application
2.5.1 Internet of Vehicles (IoV) Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Internet of Vehicles (IoV) Market Size Market Share by Application (2019-2024)
3 Internet of Vehicles (IoV) Market Size by Player
3.1 Internet of Vehicles (IoV) Market Size Market Share by Players
3.1.1 Global Internet of Vehicles (IoV) Revenue by Players (2019-2024)
3.1.2 Global Internet of Vehicles (IoV) Revenue Market Share by Players (2019-2024)
3.2 Global Internet of Vehicles (IoV) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Internet of Vehicles (IoV) by Regions
4.1 Internet of Vehicles (IoV) Market Size by Regions (2019-2024)
4.2 Americas Internet of Vehicles (IoV) Market Size Growth (2019-2024)
4.3 APAC Internet of Vehicles (IoV) Market Size Growth (2019-2024)
4.4 Europe Internet of Vehicles (IoV) Market Size Growth (2019-2024)
4.5 Middle East & Africa Internet of Vehicles (IoV) Market Size Growth (2019-2024)
5 Americas
5.1 Americas Internet of Vehicles (IoV) Market Size by Country (2019-2024)
5.2 Americas Internet of Vehicles (IoV) Market Size by Type (2019-2024)
5.3 Americas Internet of Vehicles (IoV) Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Internet of Vehicles (IoV) Market Size by Region (2019-2024)
6.2 APAC Internet of Vehicles (IoV) Market Size by Type (2019-2024)
6.3 APAC Internet of Vehicles (IoV) Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Internet of Vehicles (IoV) by Country (2019-2024)
7.2 Europe Internet of Vehicles (IoV) Market Size by Type (2019-2024)
7.3 Europe Internet of Vehicles (IoV) Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Internet of Vehicles (IoV) by Region (2019-2024)
8.2 Middle East & Africa Internet of Vehicles (IoV) Market Size by Type (2019-2024)
8.3 Middle East & Africa Internet of Vehicles (IoV) Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Internet of Vehicles (IoV) Market Forecast
10.1 Global Internet of Vehicles (IoV) Forecast by Regions (2025-2030)
10.1.1 Global Internet of Vehicles (IoV) Forecast by Regions (2025-2030)
10.1.2 Americas Internet of Vehicles (IoV) Forecast
10.1.3 APAC Internet of Vehicles (IoV) Forecast
10.1.4 Europe Internet of Vehicles (IoV) Forecast
10.1.5 Middle East & Africa Internet of Vehicles (IoV) Forecast
10.2 Americas Internet of Vehicles (IoV) Forecast by Country (2025-2030)
10.2.1 United States Internet of Vehicles (IoV) Market Forecast
10.2.2 Canada Internet of Vehicles (IoV) Market Forecast
10.2.3 Mexico Internet of Vehicles (IoV) Market Forecast
10.2.4 Brazil Internet of Vehicles (IoV) Market Forecast
10.3 APAC Internet of Vehicles (IoV) Forecast by Region (2025-2030)
10.3.1 China Internet of Vehicles (IoV) Market Forecast
10.3.2 Japan Internet of Vehicles (IoV) Market Forecast
10.3.3 Korea Internet of Vehicles (IoV) Market Forecast
10.3.4 Southeast Asia Internet of Vehicles (IoV) Market Forecast
10.3.5 India Internet of Vehicles (IoV) Market Forecast
10.3.6 Australia Internet of Vehicles (IoV) Market Forecast
10.4 Europe Internet of Vehicles (IoV) Forecast by Country (2025-2030)
10.4.1 Germany Internet of Vehicles (IoV) Market Forecast
10.4.2 France Internet of Vehicles (IoV) Market Forecast
10.4.3 UK Internet of Vehicles (IoV) Market Forecast
10.4.4 Italy Internet of Vehicles (IoV) Market Forecast
10.4.5 Russia Internet of Vehicles (IoV) Market Forecast
10.5 Middle East & Africa Internet of Vehicles (IoV) Forecast by Region (2025-2030)
10.5.1 Egypt Internet of Vehicles (IoV) Market Forecast
10.5.2 South Africa Internet of Vehicles (IoV) Market Forecast
10.5.3 Israel Internet of Vehicles (IoV) Market Forecast
10.5.4 Turkey Internet of Vehicles (IoV) Market Forecast
10.5.5 GCC Countries Internet of Vehicles (IoV) Market Forecast
10.6 Global Internet of Vehicles (IoV) Forecast by Type (2025-2030)
10.7 Global Internet of Vehicles (IoV) Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Ford Motor
11.1.1 Ford Motor Company Information
11.1.2 Ford Motor Internet of Vehicles (IoV) Product Offered
11.1.3 Ford Motor Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Ford Motor Main Business Overview
11.1.5 Ford Motor Latest Developments
11.2 Texas Instruments
11.2.1 Texas Instruments Company Information
11.2.2 Texas Instruments Internet of Vehicles (IoV) Product Offered
11.2.3 Texas Instruments Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Texas Instruments Main Business Overview
11.2.5 Texas Instruments Latest Developments
11.3 Audi
11.3.1 Audi Company Information
11.3.2 Audi Internet of Vehicles (IoV) Product Offered
11.3.3 Audi Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Audi Main Business Overview
11.3.5 Audi Latest Developments
11.4 Intel
11.4.1 Intel Company Information
11.4.2 Intel Internet of Vehicles (IoV) Product Offered
11.4.3 Intel Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Intel Main Business Overview
11.4.5 Intel Latest Developments
11.5 SAP
11.5.1 SAP Company Information
11.5.2 SAP Internet of Vehicles (IoV) Product Offered
11.5.3 SAP Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 SAP Main Business Overview
11.5.5 SAP Latest Developments
11.6 NXP Semiconductors
11.6.1 NXP Semiconductors Company Information
11.6.2 NXP Semiconductors Internet of Vehicles (IoV) Product Offered
11.6.3 NXP Semiconductors Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 NXP Semiconductors Main Business Overview
11.6.5 NXP Semiconductors Latest Developments
11.7 Apple
11.7.1 Apple Company Information
11.7.2 Apple Internet of Vehicles (IoV) Product Offered
11.7.3 Apple Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Apple Main Business Overview
11.7.5 Apple Latest Developments
11.8 Google
11.8.1 Google Company Information
11.8.2 Google Internet of Vehicles (IoV) Product Offered
11.8.3 Google Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Google Main Business Overview
11.8.5 Google Latest Developments
11.9 IBM
11.9.1 IBM Company Information
11.9.2 IBM Internet of Vehicles (IoV) Product Offered
11.9.3 IBM Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 IBM Main Business Overview
11.9.5 IBM Latest Developments
11.10 Cisco Systems
11.10.1 Cisco Systems Company Information
11.10.2 Cisco Systems Internet of Vehicles (IoV) Product Offered
11.10.3 Cisco Systems Internet of Vehicles (IoV) Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Cisco Systems Main Business Overview
11.10.5 Cisco Systems Latest Developments
12 Research Findings and Conclusion
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*If Applicable.