Connected Car Market Size, Share, and Growth Analysis

Global Connected Car Market

Connected Car Market Size, Share & Growth Analysis, By Component (Hardware and Service), By Form Type, By Transponder, By Network, By Vehicle Type, By Application, By End Market, and By Region – Industry Forecast, 2025-2032


Report ID: SQMIG25C2191 | Region: Global | Published Date: May, 2025
Pages: 192 |Tables: 89 |Figures: 76

Format - word format excel data power point presentation

Connected Car Market Insights

Global connected car market size was valued at USD 109.35 Billion in 2023 and is expected to grow from USD 124.89 Billion in 2024 to USD 395.79 Billion by 2032, growing at a CAGR of 15.5% in the forecast period (2025-2032).

The global connected car market is expanding rapidly, driven by growth in automotive technology, IoT integration, and consumer desire for more immersive driving experience. Connected cars have features like real-time navigation, remote diagnostics, infotainment, and improved safety through vehicle-to-everything (V2X) communication. Rising interest in autonomous vehicles and electric vehicles also drives market expansion. Overall, the market is eagerly awaiting increased growth, supported by collaborative efforts between automakers, technology firms, and telecom players to develop innovative connected solutions.

5G network deployment is a major growth driver of the connected car market. As low-latency, high-speed data transfer, 5G allows for real-time communication between vehicles, infrastructure, and cloud services to enable applications such as autonomous driving, enhanced infotainment, and vehicle-to-everything (V2X) communication. With countries investing more and more in deployments of 5G, particularly in regions such as North America, Europe, and Asia-Pacific, the connected car market has tremendous scope for growth in an exponential manner. The higher bandwidth and security of 5G are also facilitating more advanced data exchanges, with connected cars able to be made smarter and more sensitive to changing traffic patterns and safety requirements.

The security and data privacy issues are becoming major constraints in the worldwide connected car industry. With more and more cars getting connected and data-centric, they collect a tremendous volume of data, from automotive performance to personal information. One such issue lies in the volume and diversity of data that is being collected. As per a SkyQuest report, newer cars collect data that is more than most other personal devices, including smartphones. These include personal information like contacts, call logs, and media playlists of linked smartphones. The use of vehicles as mobile data repositories is of significant concern to users in terms of privacy when this information is passed on to third-party services or accessed by unauthorized parties. Users are increasingly concerned about their personal information being collected, utilized, and protected in these cars.

How AI is Transforming the Connected Car Market?

The growing use of AI and machine learning is transforming the connected car sector. These technologies are improving adaptive cruise control, driver-assistance features, and predictive maintenance, enabling vehicles to analyze big data in real-time and take autonomous decisions. AI-based systems also make it possible to deliver better user experiences through voice recognition and personalized infotainment. Also, machine learning algorithms are being used to improve car safety by forecasting likely risks and tuning vehicle performance according to the behavior of the driver, further cementing AI as an enabler in the market.

Market snapshot - 2025-2032

Global Market Size

USD 109.35 Billion

Largest Segment

Hardware

Fastest Growth

Hardware

Growth Rate

15.5% CAGR

Global Connected Car Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Connected Car Market Segments Analysis

Global connected car market is segmented by component, form type, transponder, network, vehicle type, application, end market, and geography. The market is categorized by component on the basis of hardware (head unit, central gateway, intelligent antenna, electronic control unit, telematics control unit, keyless entry system, sensor, and others), and service (navigation, remote diagnostics, multimedia streaming, social media & other apps, OTA update, on-road assistance, E-call & SOS assistance, remote operation, auto parking/connected parking, autopilot, home integration, stolen vehicle recovery/warning, and others). On the basis of form type, the market is categorized by embedded, and integrated. Based on transponder, the market is categorized by onboard unit, and roadside unit. By network, the market is segmented into dedicated short-range communication, and cellular. On the basis of vehicle type ICE Vehicle, BEV, PHEV, and FCEV. By application the market is segmented into data capture and management, dynamic mobility, road weather management, real-time information synthesis, vehicle health monitoring, and others. Based on end market the market is segmented into OEM, and aftermarket. On the basis of geography, the market is categorized by North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

How is the Cellular Segment Shaping the Connected Car Market?

By network the market is further sub segmented into dedicated short-range communication, and cellular the cellular segment is leading as our research finds that the use of 5G technology is transforming in-car connectivity, allowing new applications in entertainment, safety, and vehicle-to-everything (V2X) communication. For example, Harman's latest introduction of the HARMAN Savari MECWAVE platform illustrates the way cellular networks are driving innovation in V2X communication. This multi-access edge computing platform uses 5G and edge technology to enable greater safety, situational awareness, and connectivity in cars. With the support of these advanced applications, cellular networks are establishing themselves as the dominant network infrastructure in the connected car market.

The large-scale collaboration between carmakers and telecom operators is also fueling the Cellular segment's growth. General Motors (GM), in collaboration with AT&T, has installed 4G/LTE connectivity on its cars, and it is likely to launch 5G in its 2024 vehicles. This incorporation will improve navigation and streaming features but will also support future developments, including autonomous transport. As telecom and automotive sectors converge, cellular technology is becoming more the first choice for hassle-free in-car connectivity.

How ICE Vehicle are Maintaining their Market Position?

The segment of ICE vehicles continues to dominate the Global Connected Car Market, with a market size of USD 80,754.7 million in 2023. ICE vehicles continue to be dominant because of established infrastructure and fuel supply networks across the world. Even though electric vehicle infrastructure like charging stations has grown exponentially, the current network accommodating ICE vehicles is still better established and available in most parts of the world. This convenience of refueling ICE cars reinforces their long-time popularity, especially in areas where EV charging facilities are yet to develop.

The FCEV segment is expanding the most, spearheaded by the fact that the upfront costs for BEVs and FCEVs continue to be higher owing to battery and hydrogen fuel cell technology. Consequently, the masses in emerging markets tend to move towards ICE vehicles, as they are relatively cheaper and familiar to them. This trend holds ICE vehicles in the forefront of the connected car segment even as BEVs and FCEVs grow rapidly in more advanced markets where subsidies and incentives reduce the price of EVs.

Global Connected Car Market By Component

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Connected Car Market Regional Insights

How is Demand for Connected Car in North America is Escalating?

North America is experiencing steady growth in the global connected car market based on strong investments in intelligent infrastructure, the fast rollout of 5G networks, and support for vehicle-to-everything (V2X) communications from strong regulation. The US Department of Transportation efforts, including the Connected Vehicle Pilot Deployment Program, are providing momentum for real-world deployment. Moreover, leading automotive companies such as Ford, GM, and Tesla are making advanced telematics, over-the-air, and edge computing technologies part of new models. Consumer demand for real-time directions, in-car infotainment, and driver assistance features further drive growth, backed by collaborations among tech companies and automotive companies to strengthen connectivity ecosystems across the region.

US Connected Car Market

The US connected car market is fueled by widespread government and private investment in autonomous vehicle development, backed by spending in high-performance hardware components including advanced sensors, radar systems, and computing units. Players such as Tesla, General Motors, and Ford are leading the way with innovations that are dependent on hardware to enable autonomous driving, safety features, and enriched in-car experiences. Government initiatives, such as federal backing of vehicle-to-infrastructure (V2I) and 5G connectivity, are driving the expansion of connected cars. These are creating increased demand for hardware components, especially telematics control units and ADAS systems, essential for navigation, remote diagnostics, and autonomous driving.

Canada Connected Car Market

Canada's auto connected car market is fueled by demand for advanced automotive technologies by consumers, following the trend in the US Onboard units are instrumental in bringing connectivity, safety, and navigation services on board the vehicle. Canadian automakers, aided by government programs like Transport Canada's pilot programs for connected vehicles, are concentrating on onboard unit integration to present hassle-free connectivity. The nation's increasing embrace of 5G technology is also enabling the creation of more sophisticated connected car features, while keeping onboard units at the industry vanguard.

Why is Demand for Connected Car Fueling Growth in Europe?

Europe is experiencing strong growth in the global connected car market, supported by strong regulatory environments and intelligent public-private actions. The European Union's Intelligent Transport Systems (ITS) directive and the rollout of Cooperative Intelligent Transport Systems (C-ITS) are driving vehicle-to-everything (V2X) communication at a faster pace. Germany and France are spending significantly on 5G corridors and autonomous vehicle testbeds. Car makers like BMW and Volkswagen are incorporating sophisticated telematics and over-the-air (OTA) update features. Moreover, the ambitious CO₂ emission regulations and the momentum toward electric vehicles are driving the development of connected technologies for real-time tracking, navigation, and preventive maintenance throughout the region.

Germany Connected Car Market

Germany with players such as BMW, Mercedes-Benz, and Volkswagen, leads the world in connected car technology, especially in the manufacture of Advanced Driver Assistance Systems (ADAS). The emphasis of the country on premium engineering and precise manufacturing has fueled the need for advanced hardware components such as sensors, control units, and radar systems necessary for ADAS functionality such as adaptive cruise control, emergency braking, and lane departure warning. Government projects, including the "Digital Motorway Test Bed," are accelerating connected vehicle technologies, which make hardware innovations essential for Germany's connected car ecosystem. With automakers ongoing innovation in automation and safety, the need for innovative hardware is likely to increase, propelling Germany into the forefront of the global connected car ecosystem.

France Connected Car Market

France's automotive market for connected cars is dominated by its strong emphasis on electric vehicles (EVs) and government support towards EV infrastructure, i.e., charging points. Electric mobility is the driver for the demand for hardware parts that will enable connected functionalities such as remote charging, monitoring of the battery, and navigation. French car manufacturers such as Renault and Peugeot are embracing more sophisticated hardware systems such as communication modules, power management units, and sensors in order to make EVs more efficient. The initiatives of the French government under the "Mobility Orientation Law" designed to update transport infrastructure further increase the deployment of connected hardware so that French motorists enjoy cutting-edge, integrated motor vehicle technologies for safety and environmental efficiency.

UK Connected Car Market

UK has also taken great leaps towards developing smart cities, where car connectivity technology is at the forefront, specifically through government-supported initiatives such as the "UK Autodrive" and "5G Testbeds and Trials." These programs focus on urban mobility, vehicle-to-everything (V2X) communication, and autonomous driving, which rely extensively on hardware devices such as sensors, radar units, and high-level computing systems. Car makers and technology companies are investing in creating real-time traffic management systems and self-driving capabilities, where hardware plays a central role. High-speed data processor, control unit, and communications module adoption is increasing, paving the way for the UK's vision of linking connected cars with its wider smart city network, easing congestion, and enhancing the quality of urban life.

Why is Asia Pacific Progressively Growing in Connected Car Market in 2024?

Asia Pacific is experiencing progressive evolution in the global market for connected cars with the help of swift urbanization, increased disposable incomes, and high-level government support for intelligent transport systems. China, Japan, and South Korea are leading the way in installing 5G infrastructure, an essential facilitator of vehicle-to-everything communication. Local automakers such as Toyota and Hyundai are making significant investments in AI and IoT integration to enhance in-car connectivity. In addition, there are government programs like China's "Internet Plus" and Society 5.0 of Japan that encourage smart mobility solutions. The growth in the adoption of electric cars and heightened demand for real-time traffic information and infotainment services further drive market energy region-wide.

China Connected Car Market

China's huge automobile market as well as robust government support for intelligent mobility solutions has resulted in accelerated development of the connected car segment. The policies of the Chinese government, including the "Intelligent and Connected Vehicle (ICV) Roadmap," are promoting massive deployment of connected cars, based significantly on hardware components such as telematics control units, high-speed processors, and sophisticated sensors. Chinese carmakers, together with industry leaders such as Huawei and Baidu, are spending big on R&D into autonomous driving, V2X comms, and in-car infotainment. This has triggered a boom in communication module, LIDAR system, and telematics solution demand as China seeks to become a leader in connected car infrastructure worldwide, backed by its fast-growing 5G network and smart city initiatives.

Japan Connected Car Market

Japan is one of the world leaders in car technology, and onboard units lead the connected car market because of the emphasis on innovation and technological superiority in the country. Japanese manufacturers like Toyota and Honda lead the way in the integration of onboard units to improve car communication, security, and navigation. The strategic plans of the Japanese government, including the Connected Car Infrastructure Development Program, are promoting widespread acceptance of onboard units to create seamless communication between cars and roadside infrastructure.

South Korea Connected Car Market

South Korea connected car technology, with onboard units leading the industry because of the nation's emphasis on high-tech vehicle innovations. Car manufacturers such as Hyundai and Kia are significantly investing in onboard units to improve vehicle connectivity and allow autonomous driving capabilities. The Smart Transportation System initiatives by the government of South Korea are bolstering the merging of connected car technologies, with onboard units being a pivotal part of the efforts by the country to create a completely connected and automated transport environment.

Global Connected Car Market By Region
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  • Fastest

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Connected Car Market Dynamics

Connected Car Market Drivers

Increasing Demand for Real-Time Monitoring by Cloud-Based Platforms

  • The growing need for real-time monitoring of vehicles via cloud-based technologies is the key driver influencing the global connected car market. Cloud technology has transformed the connected car landscape by facilitating automakers and drivers with access to, management of, and responses to real-time vehicle data without any hassle. This is due to the increasing customer demand for instant vehicle health, performance, and other vital diagnostics. With more cars fitted with sophisticated sensors and communication modules, cloud platforms are fast emerging as the backbone for providing actionable insights directly to the users and manufacturers.

Growing Consumer Demand for In-Car Connectivity and Infotainment

  • The increasing demand among consumers for in-car connectivity and infotainment is a strong catalyst for the global connected car industry. Consumers want their cars to be an extension of their digital lives, providing them with instant access to real-time information, entertainment, and communication. Car manufacturers are also putting more emphasis on embedding advanced infotainment systems that deliver an improved driving experience, and this effect is further boosted by the development of IoT and AI-based platforms. Hyundai’s Bluelink, for instance, is an artificial intelligence (AI) system that is transforming in-car connectivity. By using an inbuilt SIM card and a 24x7 call center, Bluelink enables the smooth exchange of critical information between the vehicle and the driver, ensuring improved safety, security, and convenience. This seamless connection caters to consumer preferences for real-time vehicle monitoring and demonstrates the industry's move towards personalized, user-centric driving experiences.

Connected Car Market Restraints

Regulatory and Standardization Challenges

  • The absence of standardized international standards for connected automobile technologies poses challenges to manufacturers. Regimes in countries are not uniform when it comes to data privacy, communication standards, and safety regulations. Fragmentation makes life difficult to implement and deploy connected cars on an international basis. Manufacturers have to deal with a complicated regulatory environment, which hampers the launching of new products and raises the costs of compliance.

Cybersecurity Threats

  • The inclusion of internet connectivity into cars makes them vulnerable to cyber threats. The attackers can hack vulnerabilities to take control over key systems such as brakes or steering, leading to major safety concerns. Malware can also enter through infotainment systems, affecting vehicle performance as well as individuals' personal information. The auto sector is finding it difficult to incorporate strong cyber security features for guarding against such attacks, potentially discouraging consumers from embracing connected car technologies.

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Connected Car Market Competitive Landscape

The global connected car market is experiencing heightened competition as automakers more and more adopt sophisticated connectivity, AI, and EV technology in the pursuit of market share. In September of 2024, MG showcased the Windsor EV in India as its new "intelligent CUV," marking a strategic turn toward smart, electric mobility. Based on the Pure EV platform and rebadged from the Wuling Cloud EV, Windsor comes in at 331 km range and more than 80 connected features through i-SMART technology. The step goes in line with the larger industry move of embracing AI-based features and platform sharing to drive faster innovation and market penetration.

Startup Landscape

Jidu Auto

Founded in 2021, their prime mission is to create smart electric vehicles (EVs) that deploy sophisticated AI for autonomous driving experiences. A collaboration between Geely and Baidu, Jidu Auto is aimed at developing AI-facilitated EVs, implementing Baidu's Ernie bot to enable engaging in-car experiences. Starting with a USD 300 million investment and then followed by another USD 400 million Series A funding, Jidu seeks to transform the automotive sector by launching vehicles that smoothly integrate AI with electric mobility. Its focus on innovation makes it a major contender in China's fast-changing EV market.

EraNext Auto Private Limited

Founded in 2020, their core focus is to build a Cellular Vehicle-to-Everything (C-V2X) ecosystem to raise vehicle connectivity and safety. Being based in India, EraNext Auto aims at building Internet of Things (IoT) platform technologies for connected vehicles, facilitating real-time communication between infrastructure, pedestrians, and vehicles. Their solutions are intended to facilitate better traffic management, minimize accidents, and enable autonomous driving efforts. Through embracing enhanced communication protocols, EraNext Auto supports the building of intelligent transportation systems for cityscapes.

Shift EV

Formed in 2020, their prime focus is to drive commercial fleet electrification through innovative retrofit solutions. Egypt-based Shift EV specializes in re-engineering existing internal combustion engine vehicles into electric vehicles (EVs) by utilizing proprietary electro fitting technology. Their solution provides a cost-efficient and environmentally friendly solution compared to buying new EVs, enabling fleet operators to lower emissions and operation costs. Through offering finance opportunities and scalable solutions, Shift EV facilitates the shift to cleaner transportation in emerging markets.

Top Player’s Company Profiles

  • Continental AG
  • Robert Bosch GmbH
  • Visteon Corporation
  • ZF Friedrichshafen AG
  • Tesla
  • Ford Motor Company
  • Audi AG
  • At&T
  • Aptiv
  • BMW Group
  • Uber Technologies
  • Infineon Technologies AG
  • Mercedes Benz
  • BYD Auto Co., Ltd.
  • General Motors Company
  • Stellantis N.V.
  • Toyota Motor Corporation
  • Qualcomm Technologies
  • LG Electronics
  • Magna International Inc.
  • Samsung Electronic Co. Ltd.
  • Denso Corporation

Recent Developments in Connected Car Market

  • In October 2024, Uber Technologies announced that it has launched a partnership with Avride to enhance the autonomous mobility and delivery solutions. Through the partnership, Avride's delivery robots and autonomous cars will be integrated into Uber and Uber Eats, starting with Austin, and further expanding to Dallas and Jersey City by the end of the year. This project fits into Uber's long-term objective of improving customer experience through the use of automation to drive greater efficiency in ride-hailing and food delivery businesses.
  • In August 2024, Salesforce introduced Connected Vehicle, a new Automotive Cloud application that provides automotive manufacturers with a quicker and more streamlined means of creating and delivering safer, more personalized driver experiences. Using a single console and pre-configured set of industry-specific and low-code/no-code development tools, the application enables automakers to deliver new features and services to drivers more quickly with bidirectional, over-the-air (OTA) capabilities for sharing data and updating software between the cloud and vehicle on a wireless or cellular network.
  • In August 2024, BYD has agreed to employ the Chinese tech giant's advanced autonomous driving system in its off-road Fangchengbao Evs. BYD's Bao 8 SUV under the Fangchengbao brand will be the first BYD vehicle to feature Huawei's Qiankun intelligent driving system and hit the market later this year. The deal with Huawei also mirrored the increasing footprint of the Chinese technology firm in the EV space as a predominant supplier of ADAS. Volkswagen's Audi will also incorporate Huawei's ADAS in its EVs for the China market.

Connected Car Key Market Trends

Connected Car Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research. 

The global connected car industry is experiencing a revolutionary growth, driven by developments in 5G technology, AI adoption, and growing consumer demand for connected in-car infotainment and connectivity. The market is projected to grow exponentially in developed as well as emerging economies with heavy investments from automotive, telecom, and technology companies. Cellular networks, especially 5G, are taking leadership in facilitating real-time V2X communication, autonomous driving, and sophisticated infotainment. While ICE vehicles have a current grip of strength based on installed infrastructure, electric and fuel cell vehicles are quickly catching up, particularly in Europe and Asia-Pacific. Cybersecurity threats and regulatory fragmentation, however, continue to be major challenges to mass adoption. Government intervention, strategic partnerships, and AI-led innovation are driving regional expansion in North America, Europe, and Asia-Pacific. While startups and incumbents alike invest more in smart mobility, the connected car industry stands on the cusp of long-term momentum and technological advancement until 2030 and beyond.

Report Metric Details
Market size value in 2023 USD 109.35 Billion
Market size value in 2032 USD 395.79 Billion
Growth Rate 15.5%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware (Head Unit
    • Central Gateway
    • Intelligent Antenna
    • Electronic Control Unit
    • Telematics Control Unit
    • Keyless Entry System
    • Sensor
    • and Others)
    • and Service (Navigation
    • Remote Diagnostics
    • Multimedia Streaming
    • Social Media & Other Apps
    • OTA Update
    • On-Road Assistance
    • E-Call & SOS Assistance
    • Remote Operation
    • Auto Parking/Connected Parking
    • Autopilot
    • Home Integration
    • Stolen Vehicle Recovery/Warning
    • and Others)
  • Form Type
    • Embedded
    • and Integrated
  • Transponder
    • Onboard Unit
    • and Roadside Unit
  • Network
    • Dedicated Short Range Communication
    • and Cellular
  • Vehicle Type
    • ICE Vehicle
    • BEV
    • PHEV
    • and FCEV
  • Application
    • Data Capture and Management
    • Dynamic Mobility
    • Road Weather Management
    • Real-Time Information Synthesis
    • Vehicle Health Monitoring
    • and Others (In-Vehicle Infotainment
    • Advanced Driver Assistance Systems
    • etc.)
  • End Market
    • OEM
    • and Aftermarket
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Continental AG
  • Robert Bosch GmbH
  • Visteon Corporation
  • ZF Friedrichshafen AG
  • Tesla
  • Ford Motor Company
  • Audi AG
  • At&T
  • Aptiv
  • BMW Group
  • Uber Technologies
  • Infineon Technologies AG
  • Mercedes Benz
  • BYD Auto Co., Ltd.
  • General Motors Company
  • Stellantis N.V.
  • Toyota Motor Corporation
  • Qualcomm Technologies
  • LG Electronics
  • Magna International Inc.
  • Samsung Electronic Co. Ltd.
  • Denso Corporation
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Connected Car Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Connected Car Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Connected Car Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Connected Car Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Connected Car Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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FAQs

Global connected car market size was valued at USD 109.35 Billion in 2023 and is expected to grow from USD 124.89 Billion in 2024 to USD 395.79 Billion by 2032, growing at a CAGR of 15.5% in the forecast period (2025-2032).

The global connected car market is experiencing heightened competition as automakers more and more adopt sophisticated connectivity, AI, and EV technology in the pursuit of market share. In September of 2024, MG showcased the Windsor EV in India as its new "intelligent CUV," marking a strategic turn toward smart, electric mobility. Based on the Pure EV platform and rebadged from the Wuling Cloud EV, Windsor comes in at 331 km range and more than 80 connected features through i-SMART technology. The step goes in line with the larger industry move of embracing AI-based features and platform sharing to drive faster innovation and market penetration.'Continental AG', 'Robert Bosch GmbH', 'Visteon Corporation', 'ZF Friedrichshafen AG', 'Tesla', 'Ford Motor Company', 'Audi AG', 'At&T', 'Aptiv', 'BMW Group', 'Uber Technologies', 'Infineon Technologies AG', 'Mercedes Benz', 'BYD Auto Co., Ltd.', 'General Motors Company', 'Stellantis N.V.', 'Toyota Motor Corporation', 'Qualcomm Technologies', 'LG Electronics', 'Magna International Inc.', 'Samsung Electronic Co. Ltd.', 'Denso Corporation'

The growing need for real-time monitoring of vehicles via cloud-based technologies is the key driver influencing the global connected car market. Cloud technology has transformed the connected car landscape by facilitating automakers and drivers with access to, management of, and responses to real-time vehicle data without any hassle. This is due to the increasing customer demand for instant vehicle health, performance, and other vital diagnostics. With more cars fitted with sophisticated sensors and communication modules, cloud platforms are fast emerging as the backbone for providing actionable insights directly to the users and manufacturers.

Short-Term: The market for connected cars is growing quickly in the short term, fueled by the fusion of 5G connectivity, AI-based systems, and IoT technologies. Such innovations allow real-time information exchange, improving safety features such as Advanced Driver Assistance Systems (ADAS) and offering better infotainment capabilities. Growing end-user demand for end-to-end connectivity and the rollout of 5G networks are driving the adoption of connected cars, especially in the Asia-Pacific region, where nations such as China and India are at the forefront.

How is Demand for Connected Car in North America is Escalating?

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Global Connected Car Market
Connected Car Market

Report ID: SQMIG25C2191

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