Top 6 Companies Leading the Global Internet of Vehicles Market

Google LLC, NXP Semiconductors N.V., Intel Corporation, Texas Instruments Incorporated, IBM Corporation, and Cisco Systems, Inc., among others, are significant players in the global Internet of Vehicles market. Other major companies include Nexar Inc., Samsung Electronics Co., Ltd., AT&T Inc., Verizon Communications Inc., and others.

The global Internet of Vehicles market would likely grow at a CAGR of 21.4% during 2022-2027. Internet of Things (IoT) is driving the Internet of Vehicles (IoV) evolution. With rapid advances in computation and communication technologies, Internet of Vehicles exhibits significant commercial value. Internet of Vehicles refers to a network of cars interacting with each other and with roadside units (RSUs), pedestrians’ handheld devices, and public networks employing vehicle-to-road (V2R), vehicle-to-vehicle (V2V), vehicle-to-sensor (V2S), and vehicle-to-human (V2H) interconnectivity. This generates a network with intelligent devices as participants. Asia, North America and Europe are likely to be key markets.

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Top 6 Companies in the Global Internet of Vehicles Market

Google LLC

Google LLC is an international technology company engaged in internet related services and products, and serving customers across the world. Specialties include ads, search, android, mobile, apps, online video, virtual reality, machine learning, hardware, cloud, artificial intelligence, software, and youtube. 

NXP Semiconductors N.V.

NXP Semiconductors N.V. seeks to build a safer, smarter, and more sustainable world through innovation. The company offers secure connectivity solutions for embedded applications, in industrial & IoT, automotive, mobile, and communication infrastructure domains. The company has nearly 31,000 employees in over thirty nations. Specialties include Identification, High Performance Mixed Signal, Digital Networking, Automotive, Industrial, Wireless Infrastructure, Smart City, Smart Home, Communication Infrastructure, and Mobile.

Intel Corporation

Intel Corporation is a leading maker of semiconductor computer circuits. The company is active in domains such as analytics, AI, and cloud-to-edge technology, and focuses on innovation. Intel technology powers significant breakthroughs such as self-driving cars and rebuilding coral reefs, and also things that enhance everyday life. 

Texas Instruments Incorporated

Texas Instruments Incorporated is a major semiconductor company that devises, manufactures, tests and sells embedded and analog processing chips. Specialties include Analog, Semiconductors, DLP, DSP, Education Technology, Power Management, and Microcontrollers MCU

IBM Corporation

IBM Corporation designs, discovers and develops advanced IT, and translates such technology into value for clients. IBM is renowned for producing and selling computer software and hardware, and cloud computing and data analytics. Specialties include Mobile, Cloud, Research, Cognitive, Security, Analytics, Consulting, Watson, Experience Design, Commerce, Technology support, Internet of Things, Systems services, Industry solutions, Financing, Resiliency services, and IT infrastructure

Cisco Systems, Inc.

Cisco Systems, Inc. is a leading company in the development IP-based networking technologies; it focuses on innovation and produces industry-leading solutions and products in domains including routing and switching, and in advanced technologies like IP telephony, home networking, security, etc. Cisco also offers a variety of service offerings, including advanced services and technical support. Specialties include Wireless, Networking, Unified Communication, Security, Collaboration, Cloud, Data Centre, Virtualization, and Unified Computing Systems.

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