Global (IoV) Internet of Vehicle Market to Reach USD 289.84 Billion at a CAGR of 11.9% by 2028

"The Global Internet of Vehicle Market is estimated to reach USD 289.84 Billion in 2028, growing at a CAGR of 11.9% over the forecast period. The Internet of Vehicles (IoV) supports the usage of data created by connected cars and vehicular ad hoc networks (VANETs). IoV is a distributed network, and it enables vehicles to communicate with roadside infrastructure, pedestrians, human drivers, other vehicles, and fleet management systems in real time.

New Research on the Internet of Vehicle Market was conducted across a variety of industries in various regions to produce more than 300+ page reports. This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors' challenges in gap analysis and new opportunities and may be trending in the Internet of Vehicle Market. Some are part of the coverage and are the core and emerging players being profiled. The key market players are: Albemarle Corporation, Akzonobel N.V., Ashland Inc., BASF SE, Chemtura Corporation, Clariant AG, Cytec Industries Inc.,Evonik Industries AG, Henkel AG & Co. KGAA, Solvay SA, The DOW Chemical Company, Bayer AG, Chevron Phillips Chemical Company, Exxon Mobil Corporation, Ferro Corporation, Huntsman Corporation, Novozymes.

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In addition, the experts behind this study show that this well-developed record is a development of high-end research activities and a compilation of evaluations of a variety of key components acquired by different instruments that are gradually shaping the growth of the Internet Of Vehicle industry. Furthermore, the study covers the evaluation of the degree of geographical growth, sector size, investment data, market value and benefit analysis.

Key Factors Impacting Market Growth:

• Penetration of IoT and cloud services across all major industries

• Emergence of Global Identification (GID) in the automotive industry

• Introduction of Logistics4.0 in the global market

Key Developments:

• 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.

• 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.

• 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.

Following are the insights contained in the report:

Product Development and Innovation

Detailed insights on the upcoming technologies, product launches as well as research and development activities in the global market.

Market Penetration

In-depth information on the product portfolios of the key market players in the global Internet Of Vehicle market.

Market Development

Comprehensive analysis of the emerging market. The report also studies the market for different segment of the regions. The Internet Of Vehicle Market is segmented By Component (Hardware, Software, Service), By Technology (Bluetooth, Cellular, Wi-Fi, NFC, Zigbee, Other), By Communication Type (Vehicle-to-Vehicle, Vehicle-to-Infrastructure, Other)

Market Diversification
Exhaustive details about the new product design, development, untapped geography as well as investment in the Internet Of Vehicle Market. Regions covered in this report are:

North America: US, Canada, Mexico,

Europe: Germany, Russia, UK, France, Italy, Spain, the Netherlands, Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific

Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa

South America: Brazil, Argentina, Colombia, Rest of South America

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Quantifiable data:
• Internet Of Vehicle Market Market Data Breakdown by Key Geography, Type & Application, / End-User
• Internet Of Vehicle Market By type
• Internet Of Vehicle Market Market-Specific Applications Sales and Growth Rates (Historical & Forecast)
• Internet Of Vehicle Market revenue and growth rate by market (history and forecast)
• Internet Of Vehicle Market market size and growth rate, application and type (past and forecast)
• Sales revenue, volume and Y-O-Y growth rate (base year) of Internet Of Vehicle Market market,

Key Pointers Guide for Market Research Report:

● The market research report provides an in-depth overview and analytical response gauging into the changing dynamics of the global Internet Of Vehicle Market market. The vendor landscape has also been analysed to study every minute details and its impact in traversing a healthy growth outlook.

● A detailed evaluation and assessment by shedding light on the historical growth tendencies and current developments have been monitored closely and penned in the report for ensuring future-ready vendor activities which encourage growth through the forecast span.

● It acts as a guide to aspiring new entrants and competent players to attain decisive perspectives leveraging growth as well as investment returns.

● A section on the geographical scope and developments have been roped in the report maximum reader understanding.

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Key Questions Answered In The Report:
● What are the various market segments mentioned in the report?
● What is the current market size of the global market?
● What are the competitive landscape and the role of the leading market players?
● What is the market forecast and how will this affect the global market?
● What are the major drivers and how will they affect market?

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