What's Driving the Internet of Vehicle (IOV) Market Growth? Eminent Players: Ford Motor Company, Texas Instruments Inc., Tesla Inc., Audi AG, Intel Corporation, SAP, NXP Semiconductors N.V., Apple Inc., Google Inc., IBM Corporation, and Cisco Systems

The analysis of the demand for IOV internet of vehicle market aims to provide a detailed overview of the market dynamics, geographic development and various growth trends, including key drivers and restricting factors, habits of consumers or end-users, and new avenues. The research study is designed using in-depth qualitative and quantitative analysis of the global market for IOV internet of vehicles.

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Growing demand for automation in the automotive industry, coupled with increasing use of electric vehicles, is anticipated during the forecast period to fuel the vehicle market online. The global Internet of Vehicle Market is set to reach USD 289.84 billion in 2028, rising over the forecast period at a CAGR of 11.9 %. Vehicle Internet allows a vehicle to communicate to the surrounding vehicle or to other traffic infrastructure through a cellular network. Through this system the vehicles relay floating data to the base area at long intervals. This helps the user to find both the car and others that surround it. One of the main concerns driving the internet of vehicle market is traffic management and road collision prevention to enhance automobile-secure communication, substantial growth of global internet of vehicle market is expected during the forecast period.

Based on the segments the market is bifurcated into component, technology, communication type and region. Based on the technology the market is further divided into bluetooth, cellular, wi-fi, nfc, zigbee, other. Wi-Fi-enabled IoT devices and automobiles are also expected to drive the vehicle market over the forecast period. Wi-Fi signals can communicate in less than a tenth of a second with the servers.

Based on region, the global agricultural robots market is segmented into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America is leading the market owing to the heavy investment in research and development and the US government supporting this positively is an ideal environment for the growth of the IoV internet of vehicle market.

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Key Developments in Internet of Vehicle Market:

o In 2018, Tesla Inc. introduced a new cellular connectivity package for the Model S, Model X, and Model 3 starting July 1. According to the California-based electric car maker, Tesla owners who order their vehicles from July 1 moving forward will have the option to select between a "Premium Connectivity" package and a "Standard Connectivity" package. The new internet packages would be rolled out to all of Tesla's markets, including Europe, Australia, and Asia. The Premium Connectivity package includes satellite maps with live traffic visualizations and satellite-view maps. In-car streaming music and media, as well as over-the-air updates via cellular data, are also included in the package, together with other applications and services that are set to be introduced in the future.

o In 2017, Intel Corporation and Mobileye N.V. announced the completion of Intel's tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing internet of vehicle market for highly and fully autonomous vehicles.

o In 2018. Verizon announced the acquisition of Telogis, a developer of telematics and fleet-logistics systems used by major automakers like Ford, and commercial GPS vehicle tracking firm Fleetmatics.

o In 2016, Cisco completed its acquisition of Jasper, a privately-held company based in Santa Clara, CA. Jasper's industry-leading cloud-based Internet of Things (IoT) service platform enables companies of all sizes to rapidly and cost-effectively launch, manage and monetize IoT services on a global scale.

The IOV internet of vehicles market report presents an in-depth assessment of the offering of various players- Ford Motor Company, Texas Instruments Inc., Tesla Inc., Audi AG, Intel Corporation, SAP, NXP Semiconductors N.V., Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc. Their strategies to consolidate their shares or positions, and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

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Market Segmentation:

By Component:
o Hardware
o Software
o Service

By Technology:
o Bluetooth
o Cellular
o Wi-Fi
o NFC
o Zigbee
o Other

By Communication Type:
o Vehicle-to-Vehicle
o Vehicle-to-Infrastructure
o Other

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Component
o By Technology
o By Communication Type

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Component
o By Technology
o By Communication Type

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Component
o By Technology
o By Communication Type

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By Technology
o By Communication Type

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By Technology
o By Communication Type

o Rest of the World
o By Region (South America, Africa)
o By Component
o By Technology
o By Communication Type

Reasons to Buy This Report:
o Market size estimation of the global internet of vehicle market on regional and global basis.
o Unique research design for market size estimation and forecast.
o Profiling of major companies operating in the internet of vehicle market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the internet of vehicle market.

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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