openPR Logo
Press release

Connected Car Market Forecast: USD 95.44 Billion by 2029 with a 19.02% CAGR

01-09-2025 12:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Connected Car Market

Connected Car Market

๐“๐ก๐ž ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐จ๐Ÿ ๐Œ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ

The global connected cars market is revolutionizing the automotive industry, combining advanced technologies like IoT, AI, and 5G to enhance driving experiences. Valued at US$ 28.2 Bn. in 2022, the market is projected to grow to US$ 95.44 Bn. by 2029, with a remarkable CAGR of 19.02% during the forecast period.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/13525/

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam is emerging as a potential market for connected cars, driven by increasing digital infrastructure investments. Companies like ๐•๐ข๐ง๐…๐š๐ฌ๐ญ and ๐๐จ๐ฌ๐œ๐ก have initiated partnerships to explore the local market. Recent government projects focusing on smart cities and intelligent transportation systems are creating significant opportunities for connected car technologies.

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand is positioning itself as a regional hub for automotive innovation. Automakers like ๐“๐จ๐ฒ๐จ๐ญ๐š and ๐‡๐จ๐ง๐๐š are integrating connected technologies into their vehicle models for the Thai market. Recent developments include collaborations with local firms to expand 5G connectivity and government-backed initiatives promoting smart mobility solutions.

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

Japan leads the connected cars market with pioneering technologies and extensive R&D investments. Companies like ๐๐ข๐ฌ๐ฌ๐š๐ง and ๐“๐จ๐ฒ๐จ๐ญ๐š dominate the industry with cutting-edge solutions, including autonomous driving systems. A notable merger includes SoftBank's joint venture with global automakers to accelerate connected car adoption. Japan's push for regulatory standards further consolidates its market leadership.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/13525/

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea's stronghold in telecommunications and automotive technology makes it a key player in the connected cars market. Market leaders like ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข and ๐Š๐ข๐š are at the forefront of innovations, including real-time vehicle diagnostics and autonomous driving features. Recent updates include the government's funding for 5G-enabled smart road projects and collaborations with tech giants like Samsung Electronics.

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore's advanced digital infrastructure supports rapid adoption of connected car technologies. Companies like ๐‚๐จ๐ง๐ญ๐ข๐ง๐ž๐ง๐ญ๐š๐ฅ ๐€๐† and ๐ƒ๐š๐ข๐ฆ๐ฅ๐ž๐ซ have expanded their presence to capitalize on this market. The government's investments in autonomous vehicle testing and mobility-as-a-service platforms are propelling growth in the connected cars segment.

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

The US connected cars market is flourishing due to a high adoption rate of smart automotive technologies. Companies like ๐“๐ž๐ฌ๐ฅ๐š, ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ, and ๐…๐จ๐ซ๐ are spearheading innovations, including over-the-air software updates and vehicle-to-everything (V2X) communication. Recent acquisitions, such as Ford's purchase of software startups, highlight the trend of integrating advanced digital capabilities.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/13525/

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐‚๐š๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe remains a leader in connected cars, thanks to strong regulatory frameworks and investments in automotive technology. Companies like ๐•๐จ๐ฅ๐ค๐ฌ๐ฐ๐š๐ ๐ž๐ง, ๐๐Œ๐–, and ๐‘๐ž๐ง๐š๐ฎ๐ฅ๐ญ dominate the landscape. Recent developments include mergers and acquisitions to enhance software development and partnerships with telecom providers to expand 5G networks, crucial for connected car ecosystems.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ

1. Integrated
2. Embedded
3. Tethered

The market for connected cars is divided into three segments: tethered, embedded, and integrated. In 2022, integrated connectivity had the biggest market share. In-vehicle networking and communications play a major role in the modern automobile's ability to conserve wire weight and communicate amongst actuators, modules, and sensors.This network controls various features, including the engine, radio, steering, suspension, gearbox, windows, airbags, air conditioning, anti-theft, door locks, diagnostic testing, and the anti-lock brake system (ABS). This network has several sub-networks, such as Media Oriented Systems Transport (MOST), FlexRay, LIN/SAE 2602, and others.

๐›๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

1. 4G
2. 3G
3. 2G

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

1. Driver Assistance
2. Telematics
3. Infotainment
4. Others

The market for connected cars is divided into segments such as infotainment, telematics, and driver assistance. Over the course of the projection period, infotainment is anticipated to dominate the connected car market. "Connected" cars are any infotainment in-dash systems that may wirelessly transmit and receive updated information via the internet.

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/connected-cars-market-key-trends/13525/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Robert Bosch GmbH (Germany)
2. Continental AG (Germany)
3. Audi AG (Germany)
4. ZF Friedrichshafen AG (Germany)
5. Infineon Technologies (Germany)
6. TomTom N.V. (Netherlands)
7. NXP Semiconductors N.V. (Netherlands)
8. Denso Corporation (Japan)
9. Tata Consultancy Services Limited (India)
10. Visteon Corporation (US)
11. Harman International (US)
12. AT&T Inc. (US)
13. Airbiquity Inc (US)
14. Qualcomm Technologies Inc. (US)
15. Tesla, Inc (US)
16. BorgWarner Inc (US)
17. Ford Motor Company (US)
18. Microsoft Corporation (US)
19. Verizon Communications Inc (US)
20. Intel Corporation (US)
21. Sierra Wireless (Canada)
22. Magna International (Canada)

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

โ™ฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

โ™ฆ Global Lemon Extract Market https://www.maximizemarketresearch.com/market-report/global-lemon-extract-market/27793/

โ™ฆ Global Optical Sorter Market https://www.maximizemarketresearch.com/market-report/global-optical-sorter-market/73696/

โ™ฆ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/

โ™ฆ Global Voice over Internet Protocol (VoIP) Market https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Connected Car Market Forecast: USD 95.44 Billion by 2029 with a 19.02% CAGR here

News-ID: 3809089 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Automotive Telematics Insurance Market to Surge to USD 331.86 Billion by 2032, Fueled by a 15.96% CAGR
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Automotive Telematics Insurance Market to Surge to USD 331.86 Billion by 2032, F โ€ฆ
Automotive Telematics Insurance Market size was valued at USD 101.50 Billion in 2024 and the total Automotive Telematics Insurance revenue is expected to grow at a CAGR of 15.96% from 2025 to 2032, reaching nearly USD 331.86 Billion. Automotive Telematics Insurance Market Overview: The Automotive Telematics Insurance Market, often referred to as Usage-Based Insurance (UBI), represents the convergence of telecommunications and informatics within the auto insurance sector. This market revolves around theโ€ฆ
Artificial Intelligence in Agriculture Market to Grow at a Stellar 21.5% CAGR, Targeting US$ 7.88 Bn by 2030
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Artificial Intelligence in Agriculture Market to Grow at a Stellar 21.5% CAGR, T โ€ฆ
Artificial Intelligence in Agriculture Market size is expected to grow at 21.5% throughout the forecast period, reaching nearly US$ 7.88 Bn by 2030 Artificial Intelligence in Agriculture Market Overview: The Artificial Intelligence in Agriculture market represents the integration of advanced computational technologies into farming practices to enhance efficiency, productivity, and sustainability. This market encompasses a wide array of solutions, including predictive analytics for crop yield forecasting, computer vision systems for monitoring plantโ€ฆ
Offshore Support Vessels Market to Reach USD 4.16 Billion by 2032, Growing at a 6.5% CAGR
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Offshore Support Vessels Market to Reach USD 4.16 Billion by 2032, Growing at a โ€ฆ
Offshore Support Vessels Market size was valued at USD 2510.79 Million in 2024 and the total Offshore Support Vessels revenue is expected to grow at a CAGR of 6.5% from 2025 to 2032, reaching nearly USD 4155.34 Million. Offshore Support Vessels Industry Overview: The offshore support vessels (OSV) industry provides a critical maritime logistical backbone for offshore oil and gas exploration and production activities, as well as a growing role in offshoreโ€ฆ
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.23 Trillion by 2032
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.2 โ€ฆ
Commercial Vehicles Market size was valued at USD 848.63 Billion in 2024 and the total Commercial Vehicles revenue is expected to grow at a CAGR of 4.7% from 2025 to 2032, reaching nearly USD 1225.45 Billion. Commercial Vehicles Market Overview: The commercial vehicles market is a vital segment of the global automotive industry, encompassing vehicles designed primarily for transporting goods or passengers for commercial purposes. This broad category includes light commercial vehiclesโ€ฆ

All 5 Releases


More Releases for Connected

11-12-2024 | Health & Medicine
The Business research company
Connected Healthcare Market Report 2024 - Connected Healthcare Market Size, Shar โ€ฆ
"The Business Research Company recently released a comprehensive report on the Global Connected Healthcare Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sampleโ€ฆ
06-12-2023 | Business, Economy, Finances, B โ€ฆ
Allied Market Research
Navigating the Connected Era: Connected Car Market Envisions 17.1% CAGR by 2027
According to a recent report published by Allied Market Research, titled, "Connected Car Market by Technology, Connectivity Solution, Service, and End Use: Opportunity Analysis and Industry Forecast, 2020-2027,"the global connected car market was valued at $63.03 billion in 2019, and is projected to reach $225.16 billion by 2027, registering a CAGR of 17.1% from 2020 to 2027. North America dominated the global connected car market in terms of revenue in 2019,โ€ฆ
02-17-2023 | Energy & Environment
AMA Research & Media LLP
Connected Energy Market is Booming Worldwide | GE Energy, Connected Energy, Elst โ€ฆ
The latest study released on the Global Connected Energy Market by AMA Research evaluates market size, trend, and forecast to 2027. The Connected Energy market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download Sample Reportโ€ฆ
05-22-2020 | Business, Economy, Finances, B โ€ฆ
InForGrowth
Connected Aircraft
Connected Aircraft Market 2020-2027 research report is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges opportunity with key company profiles, and strategies of players. The Connected Aircraft Market report also provides the market impact and new opportunities created due to the COVID19 catastrophe. Get the Free Access to the Sample Report of Connected Aircraft market is available at https://inforgrowth.com/sample-request/6327290/connected-aircraft-market Connected Aircraft Market report 2020-2027, discussesโ€ฆ
02-20-2017 | Advertising, Media Consulting, โ€ฆ
MarketResearchReports.biz
Connected Cities
Globalisation of very high capacity networks The aim of this study is to obtain a detailed snapshot of superfast connectivity with a download rate superior or equal to 100 Mbps in big cities around the world and to draw out the top 10 selection. This comparison between cities is based on qualitative criteria such as quality of service, affordability compared to local standard of living and on quantitative criteria such as coverageโ€ฆ
03-10-2011 | Tourism, Cars, Traffic
IQPC GmbH
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers wonโ€™t wait. At IQPCโ€™s 4th International Conference Connected Vehicles from 12-14 April in Berlin, expertsโ€ฆ