Connected Car Market Updates

Connected Car Market size was valued at USD 41.29 Billion in 2023 and is poised to grow from USD 49.34 Billion in 2024 to USD 171.75 Billion by 2032, growing at a CAGR of 19.50% during the forecast period (2025-2032).

'General Motors (US) ', 'AUDI AG (Germany) ', 'Ford (US) ', 'Mercedes-Benz (Germany) ', 'Toyota (Japan) ', 'Volkswagen (Germany) ', 'Nissan (Japan) ', 'Volvo (Sweden) ', 'Honda (Japan) ', 'Porsche (Germany) ', 'Hyundai (South Korea) ', 'Kia (South Korea) ', 'Tata Motors (India) ', 'AT&T Intellectual Property (US) ', 'Aptiv (Ireland) ', 'Google LLC (US) ', 'NXP Semiconductors (Netherlands) ', 'Qualcomm Incorporated (US) ', 'TomTom (Netherlands) ', 'Zebra Technologies (US)'

• The need for connected cars with advanced driver-assistance systems (ADAS) is growing as consumers place a higher priority on safety. The addition of some products like newly developed items, adaptive cruise control and other vehicles features rightfully deserve to have been included into standards those look at making vehicles safer; these aspects help expand their market share. 

Connectivity in Electric and Autonomous Vehicles for a Sustainable Future: One significant shift in focus has occurred in recent times where there is a lot of emphasis being placed on electric and self-driving cars. Connected cars play an important role in guiding the growth of the car industry to a sustainable and autonomous future. Connection technology has been integrated into electric and driverless vehicles to boost performance and allow for features such as advanced driver assistance systems (ADAS) that can be updated over-the-air as well as remote monitoring capabilities for such cars.

North America has started to become the region that is experiencing the most robust growth rate compared to other regions when it comes to construction chemicals worldwide due to a surge in infrastructure development and rehabilitation projects. The region’s strong post-pandemic economic recovery has increased investments in residential and commercial development thereby raising demand for modern construction chemicals that enhance sustainable practices and significantly improve longevity. Additionally, advanced technologies are transforming the construction industry and boosting the need for industry-specific chemical products. Building information modelling (BIM) and intelligent materials are examples of such technologies. North America is at the forefront of the building chemicals sector due to regulatory measures that promote sustainable building due to their focus on environmental-friendly materials.