Key Trends Influencing the Growth of the Connected Cars Market in 2025: Innovation In Connected Car Industry With Autonomous Vehicle Map Software

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Connected Cars Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for connected cars has experienced rapid expansion in the past years. The market is expected to rise from $91.38 billion in 2024 to $105.13 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.0%. This growth during the historic period is due to factors such as the development of emerging markets, increased demand for improved user comfort, safety and convenience, and a rise in vehicle theft incidents within the connected cars industry.

Connected Cars Market Size Forecast: What's the Projected Valuation by 2029?
The market size for connected cars is projected to experience substantial expansion in the coming years, reaching $191.43 billion by 2029 with a compound annual growth rate (CAGR) of 16.2%. The projected increase during this forecast period is due to factors such as the swelling global population, the introduction of new technologies like 5G and AI, increased internet access, the advent of the Internet of Things (IoT), a rising preference for in-car Wi-Fi hotspots and data services, as well as a growing demand for smart mobility solutions. Key trends for this forecast period involve the incorporation of 5G connectivity into connected cars, AI integration to boost the features of connected car operating systems, the implementation of cybersecurity systems in connected cars to mitigate cyber threat risks, and the creation of hybrid personalized in-car infotainment systems for these connected vehicles.

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What Are the Drivers Transforming the Connected Cars Market?
The drive towards intelligent transportation systems enforced by governments will bolster the connected car market. Over this span, the push towards smart and self-governing vehicles by governing authorities emboldened the growth of the connected car industry. For example, in the UK, notable government initiatives were seen for the enhancement of connected cars. The UK government has funneled in £40 million (US$50 million) to initiate commercial autonomous vehicle (AV) services such as passenger shuttles and delivery vehicles. On top of this, multiple trials have been undertaken, and new laws have been enforced to push the expansion of connected cars. By 2030, it's anticipated that the UK will enjoy an estimated increase of £62 billion ($74.36 billion) in economic gains due to the implementation of connected and autonomous vehicles.

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What Long-Term Trends Will Define the Future of the Connected Cars Market?
Companies within the connected car industry are consistently innovating and designing new technologies, such as software for autonomous vehicle maps, to augment their income and maintain a competitive advantage. For example, in 2022, NVIDIA Corporation, an organization specializing in technology based in America, announced their autonomous vehicle map software titled, DRIVE Map. This is a multi-faceted mapping system engineered to hasten the introduction and use of autonomous Level-3 and Level-4 vehicles, capable of operating without the need for human interaction. Following the acquisition of the HD mapping startup, DeepMap, in the previous year, Nvidia hastened the progression of DRIVE Map. The mapping technologies from this startup have been integrated into DRIVE Map. This software by Nvidia amalgamates the precise nature of DeepMap's survey mapping with the extensive range of AI-based crowdsourcing.

Which Segments in the Connected Cars Market Offer the Most Profit Potential?
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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Which Firms Dominate the Connected Cars Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Connected Cars Market?
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

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