Global Connected Car Devices Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities

The Connected Car Devices 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 Connected Car Devices Market Size and Projected Growth Rate?
The market size for connected car devices has experienced significant expansion in the past few years. The projected growth is from $77.94 billion in 2024 to $91.79 billion in 2025, showcasing a compound annual growth rate (CAGR) of 17.8%. Historical growth in this market can be ascribed to the advancement of communication technologies, a surge in consumer need for connectivity, regulatory requirements, the expansion of the IoT ecosystem, and the emergence of self-driving vehicles.

In the coming years, the connected car devices market is anticipated to experience speedy expansion. The market size is forecasted to reach $174.78 billion in 2029, growing at a compound annual growth rate (CAGR) of 17.5%. Factors contributing to this projected growth include the higher acceptance of electric vehicles (EVs), the rise of edge computing, improved measures for cybersecurity, the introduction of artificial intelligence (AI), and ongoing advancements in mobility services. The integration of 5G connectivity, vehicle-to-everything (V2X) communication expansion, increased over-the-air (OTA) updates, personalized in-vehicle experiences, and emphasis on cybersecurity are among the top trends expected during the forecast period.

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What Are the Major Segments in the Connected Car Devices Market?
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 Are The Driving Connected Car Devices Market Evolution?
The growth of the connected car devices market is set to be driven by the increasing adoption of electric vehicles (EVs). Electric vehicles, which run on one or more electric motors powered by rechargeable batteries or an inbuilt fuel cell, are becoming increasingly popular. This popularity can be attributed to stricter emission regulations, heightened environmental awareness, and cost-effectiveness. Connected car devices in EVs provide numerous benefits, ranging from remote battery status monitoring, vehicle charging, to energy consumption. They also offer real-time navigation updates that are specifically tailored for EVs, thereby enhancing efficiency and user experience. To illustrate, data from the International Energy Agency, an autonomous organization based in France, shows that in 2023, about 18% of all cars sold were electric, an uptick from 14% the previous year. Hence, the burgeoning adoption of electric vehicles is spurring the growth of the connected car devices market.

Which Firms Dominate The Connected Car Devices Market Segments?
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.

What Trends Are Expected to Dominate the Connected Car Devices Market in the Next 5 Years?
Leading firms in the connected car devices market are innovating with connected vehicle platforms like the Snapdragon Digital Chassis in order to secure a competitive advantage. The Snapdragon Digital Chassis features the integration of various cutting-edge technologies, including Snapdragon cockpit platform, Snapdragon car-to-cloud services, and cellular vehicle-to-everything (C-V2X) to better the in-car experience. In February 2022, the U.S. semiconductor and technology business Qualcomm Technologies Inc. unveiled their Snapdragon Digital Chassis connected vehicle platform. The aim of this platform is to facilitate premium driving experiences and incorporate connected in-vehicle services, offering features such as Connectivity-as-a-Service for Snapdragon Telematics Applications Framework and an automotive Wi-Fi 6E chipset among others. Furthermore, it comes packed with a range of functionalities, encompassing advanced driver assist systems (ADAS), cloud-powered commerce, personalized entertainment, and live mapping services for enhanced navigation.

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Which Is The Largest Region 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.

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

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