Updated

Updated · openPR · May 25

Stratview Sees Internet of Vehicles Market Reaching $311 Billion by 2028 on 20.6% CAGR

Updated

Updated · openPR · May 25

Stratview Sees Internet of Vehicles Market Reaching $311 Billion by 2028 on 20.6% CAGR

1 articles · Updated · openPR · May 25

$311 billion is Stratview Research’s 2028 forecast for the global Internet of Vehicles market, based on a report covering 2022-2028 growth at a 20.6% CAGR.
Software leads the component mix because it enables real-time data processing and interoperability, while vehicle-to-vehicle communication is the fastest-growing segment for safety alerts and traffic coordination.
North America remains the largest regional market, supported by major automakers, broad telematics adoption and connectivity rollouts by companies including General Motors and Ford.
5G expansion, connected-car demand, autonomous-vehicle testing and safety mandates such as Europe’s eCall and India’s AIS-140 are identified as the main forces accelerating adoption.

Sources

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