Key Influencer in the Connected Car Devices Market 2025: Electric Vehicle Adoption Fueling Growth Of The Connected Car Devices Market Driver

How Are the key drivers contributing to the expansion of the connected car devices market?
The proliferation of electric vehicles (EVs) is anticipated to stimulate the expansion of the connected car devices market. EVs, which leverage one or more electric motors for power and depend on rechargeable batteries or an onboard fuel cell for electricity, are becoming increasingly popular. This surge in popularity can be attributed to stringent emission rules, heightened awareness of eco-friendly advantages, and cost-effectiveness. Connected car devices in EVs enable the remote control of battery status, car charging, and energy usage while offering real-time, EV-specific navigation updates. This enhances both efficiency and user gratification. For example, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that in 2023, electric cars constituted roughly 18% of all car sales, up from 14% in 2022. Hence, the escalating adoption of electric vehicles is fueling the expansion of the connected car devices market.

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What growth opportunities are expected to drive the connected car devices market's CAGR through 2034?
The market size for devices associated with connected cars has seen a swift expansion in the past few years. With a compound annual growth rate (CAGR) of 17.8%, its value is forecasted to jump from $77.94 billion in 2024 to $91.79 billion in 2025. This robust growth during the historical timeframe is the result of advances in communication technologies, a surge in consumer desire for connectivity, obligatory regulations, the growth of the Internet of Things (IoT) ecosystem, and the emergence of self-driving vehicles.

The market size for connected car devices is anticipated to witness a speedy expansion in the forthcoming years. The market is set to rise to $174.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.5%. The predicted growth in this period is primarily due to the rising acceptance of electric vehicles (EVs), the advent of edge computing, improved cybersecurity measures, artificial intelligence integration, and ongoing advancements in mobility services. During the forecast period, the main trends will be the 5G connectivity integration, growth of vehicle-to-everything (V2X) communication, the prevalence of over-the-air (OTA) updates, the surge of personalized in-vehicle experiences, and increased emphasis on cybersecurity.

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What trends are poised to drive the future success of the connected car devices market?
Leading businesses in the connected car devices market are establishing connected vehicle platforms like Snapdragon Digital Chassis to acquire a unique standing in the market. Snapdragon Digital Chassis amalgamates several technologies like Snapdragon cockpit platform, Snapdragon car-to-cloud services, and cellular vehicle-to-everything (C-V2X) to heighten the experience inside the vehicle. For example, in February 2022, Qualcomm Technologies Inc., a semiconductor and technology establishment from the US, unveiled its Snapdragon Digital Chassis connected vehicle platform. The intention behind this platform is to offer superior driving experiences and seamless in-vehicle services, encompassing features like Connectivity-as-a-Service for Snapdragon Telematics Applications Framework, and a Wi-Fi 6E automotive chipset. Additionally, it provides numerous features such as advanced driver assist systems (ADAS), cloud-linked commerce, customized infotainment, and real-time mapping to enhance navigation.

Which growth-oriented segments of the connected car devices market are leading the industry's development?
The connected car devices market covered in this report is segmented -

1) By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian(V2P), Other Modes Of Communication
2) By Technology: Driver Assistance Systems, Telematics, Other Technologies
3) By Connectivity: Dedicated Short Range Communication (DSRC), Long Range Or Cellular Network
4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
5) By End-User: Original Equipment Manufacturer, After market

Subsegments:
1) By Vehicle-To-Vehicle (V2V): Direct Vehicle Communication, Cooperative Adaptive Cruise Control (CACC), Collision Avoidance Systems, Platooning
2) By Vehicle-To-Infrastructure (V2I): Traffic Signal Communication, Roadside Unit Communication (RSU), Smart Traffic Management, Toll Collection Systems, Parking Management
3) By Vehicle-To-Pedestrian (V2P): Pedestrian Safety Alerts, Crosswalk Communication, Pedestrian Detection Systems
4) By Other Modes Of Communication: Vehicle-To-Cloud (V2C), Vehicle-To-Device (V2D), In-Vehicle Communication, Vehicle-To-Grid (V2G)

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What regions are leading the charge in the connected car devices market?
Asia-Pacific was the largest region in the connected car devices market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the connected car devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the connected car devices market?
Major companies operating in the connected car devices market are Volkswagen AG, Toyota Motor Corporation, General Motors Company, Robert Bosch GmbH, Tesla Inc., Intel Corporation, Panasonic Corporation, Denso Corporation, Nvidia Corporation, Qualcomm Incorporated, Continental AG, Porsche AG, Magna International Inc., Valeo SA, Infineon Technologies AG, Autoliv Inc., Harman International Industries Incorporated, Garmin Ltd., Visteon Corporation, TomTom N.V., Sierra Wireless Inc., Delphi Technologies, Autotalks Ltd.

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What Is Covered In The Connected Car Devices Global Market Report?

• Market Size Forecast: Examine the connected car devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the connected car devices market for a structured understanding.
• Key Players Overview: Analyze major players in the connected car devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the connected car devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the connected car devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the connected car devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the connected car devices market.
• Competitive Landscape: Review strategic developments in the connected car devices market, including expansions, agreements, and new product launches.

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