Connected Cars Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Connected Cars Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Connected Cars Market Size During the Forecast Period?
The market for connected cars has seen a swift expansion in the past few years. The market is projected to escalate from $91.38 billion in 2024 to $105.13 billion in 2025, with a compound annual growth rate (CAGR) of 15.0%. The historical growth can be linked to the sprouting markets, a surge in demand for improved consumer comfort, safety, and convenience as well as a rising number of car theft incidents in the connected cars sector.

The market size for connected cars is projected to witness a substantial surge in the coming years, estimated to reach $191.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.2%. The anticipated expansion during this forecast period can be linked to various elements including the growing global population, the introduction of advanced technologies like 5G and AI, increased internet accessibility, the rising influence of the internet of things (IoT), the escalating preference for in-car Wi-Fi hotspots and data services, and surging demand for smart mobility solutions. Crucial trends during this projected period entail the uptake of 5G connectivity in connected cars, AI incorporation in connected cars to boost their operating system features, implementation of cybersecurity systems in connected cars to mitigate cyber threat, and creation of hybrid personalized in-vehicle infotainment systems for connected cars.

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What Are the High-Growth Segments in the Connected Cars Market?
The connected cars market covered in this report is segmented -

1) By Product Type: Embedded, Tethered, Integrated
2) By Application: Navigation, Infotainment, Telematics, Combination
3) By Services: Driver Assistance, Safety and Well-Being, Entertainment, Vehicle Management, Mobility Management, Other Services

Subsegments:
1) By Embedded: OEM Embedded Systems, Aftermarket Embedded Systems
2) By Tethered: Smartphone Tethering, Mobile Hotspot Tethering
3) By Integrated: Infotainment Systems, Advanced Driver-Assistance Systems (ADAS), Vehicle-to-Everything (V2X) Communication

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What Key Drivers Are Expected to Influence Future Connected Cars Market Growth?
The expansion of the connected car market is being spurred by increased governmental endeavours to advance intelligent transport systems. Government initiatives aimed at the evolution of interconnected and self-driving vehicles played a significant role in the expansion of this market. Notably, the UK government's commitment played a substantial role in the advancement of connected cars. They have allocated £40 million (US$50 million) to fuel the initiation of commercial autonomous vehicle (AV) services, including passenger shuttles and delivery vehicles. Furthermore, they have carried out numerous trials and instigated new laws to encourage the distribution of connected cars. It is projected that by 2030, the deployment of interconnected and autonomous vehicles will result in financial benefits estimated at £62 billion ($74.36 billion) for the UK.

Which Companies Hold the Largest Share Across Different Connected Cars Market Segments?
Major companies operating in the connected cars market include Volkswagen, Toyota Motor Corporation, General Motors, Daimler AG, BMW Group, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Group, Tesla, Renault, Tata Motors Limited, Mahindra and Mahindra Ltd., NIO Inc., XPeng Inc., Geely Automobile Holdings Limited, Nissan Motor Co., Ltd., Mitsubishi Motor Corporation, Bavarian Motor Works AG, Audi AG, Fiat Chrysler Automobiles, Delphi, Denso, Mercedes-Benz, Continental, SAIC Motor, Dongfeng, FAW and Chang'an, Banma Network Technology, ECARX Technology, Zhidao Network Technology, AutoAI Geely, Beijing Automotive Group, Brilliance Automotive, Guangzhou Automobile Group, Chery and Jianghuai (JAC), Robert Bosch GmbH, Tomtom INC, Oxbotica, StreetDrone, Flourish, Zenzic AVs, GAZ Group, Yandex, Kamaz Livemap, Raxel Telematics, Stellantis, Airbiquity Inc., CloudMade, Intellias Ltd., LUXOFT, Qualcomm Technologies, Inc., Sierra Wireless, Telefonica S.A., Vodafone Group Plc, Verizon Communications, Samsung Electronics, AT&T, FCA South Africa, Jaguar Land Rover, Suzuki Auto South Africa

What Trends Are Driving Growth in The Connected Cars Market?
Companies in the connected car sector are progressively creating novel technologies like autonomous vehicle map software to boost their earnings and secure a competitive advantage. For example, NVIDIA Corporation, a tech firm based in the US, introduced an autonomous vehicles mapping software named DRIVE Map in 2022. This is a multi-modal mapping system formulated to expedite the launch of autonomous Level-3 and Level-4 vehicles capable of functioning without human support. Following the acquisition of HD mapping startup, DeepMap, in the previous year, Nvidia fast-tracked the evolution of DRIVE Map. The mapping technologies of these startups were integrated into DRIVE Map. Nvidia's DRIVE Map combines the precision of DeepMap survey mapping with AI-powered crowdsource scalability.

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What Are the Emerging Geographies for The Connected Cars Market Growth?
Asia-Pacific was the largest region in the connected cars market share in 2024. Western Europe was the second largest region in the global connected cars market. The regions covered in the connected cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected Cars Market?
2. What is the CAGR expected in the Connected Cars Market?
3. What Are the Key Innovations Transforming the Connected Cars Industry?
4. Which Region Is Leading the Connected Cars Market?

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