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The Internet of Vehicle (IoV) field allows vehicles to communicate with drivers, other vehicles, management systems, pedestrians, other smart devices, and infrastructure, all in real-time. It is the implementation of IoT technologies in vehicles.
Vehicles in IoV system are equipped with different sensors that collect different types of data and send it to computation unit for computation and analysis. There are improved safety factors related to both drivers and pedestrians that stem from this technology. However, cybersecurity in IoV becomes of major importance as any system failure directly affects user safety.
The IoV market, valued at $66,075 million in 2017, is forecasted to reach $208,107 million by 2024, according to readwrite.com. The reason for this growth can be attributed to rising demands, improvements, and vast upgrades in the automotive industry, the increase in connected devices, and the introduction of Logistics 4.0 – the use of machine-to-machine communication and IoT devices to create smart factories.
The vehicle can communicate with itself first (intra-vehicle), which results in an internal performance review. The vehicle can also communicate with other vehicles (vehicle-to-vehicle) through wireless communication, capturing information such as each vehicle’s speed and position. Combined, these systems are referred to as Vehicle-to-Everything. Vehicle-to-everything (also known as vehicle-to-X, V2X) technology aids in decreasing traffic accidents caused by human error. Warning sensors, road hazard detections, and vehicle-to-pedestrian communication all make for a safer driving experience.
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