2025 Connected Car Devices Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Connected Car Devices Market Size By 2025?
The market size of connected car devices has been expanding at a swift pace in the past few years. The market, valued at $77.94 billion in 2024, is projected to surge to $91.79 billion in 2025, recording a compound annual growth rate (CAGR) of 17.8%. The prior period's growth can be ascribed to advancements in communication technologies, a surge in consumer desire for connectivity, regulatory requirements, growth of the IoT ecosystems, and the emergence of autonomous vehicles.

How Big Is the Connected Car Devices Market Size Expected to Grow by 2029?
In the upcoming years, the market for connected car devices is predicted to expand rapidly. By 2029, it is projected to reach a whopping $174.78 billion, registering a compound annual growth rate (CAGR) of 17.5%. This surge during the forecast period can be linked to the rise in usage of electric vehicles (EVs), the advent of edge computing, strengthened cybersecurity protocols, integration with artificial intelligence (AI), and ongoing advancements in mobility services. The forecast period is marked by significant trends such as the incorporation of 5G connectivity, broadening of vehicle-to-everything (V2X) communication, increase in over-the-air (OTA) updates, emergence of personalized experiences within vehicles, and an emphasis on cybersecurity.

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Which Key Market Drivers Powering Connected Car Devices Market Expansion and Growth?
The anticipated increase in the use of electric vehicles is set to spur the expansion of the connected car devices market. An electric vehicle (EV), which is driven by one or more electric motors powered by rechargeable batteries or an onboard fuel cell, is increasingly becoming a more popular choice among consumers. This surge is supported by factors like stricter emissions standards, increased understanding of environmental advantages, and cost-effectiveness. The incorporation of connected car devices in electric vehicles allows for the remote tracking of battery status, vehicle charging, and power consumption. It also provides real-time navigation updates tailored specifically for EVs, enhancing overall performance and user experience. The International Energy Agency, an autonomous intergovernmental organization based in France, reported that by 2023, about 18% of all cars sold were electric, a rise from 14% in 2022. Hence, the escalating adoption of electric vehicles is fuelling the expansion of the connected car devices market.

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Which Fast-Growing Trends Are Poised to Disrupt the Connected Car Devices Market?
Major players in the connected car devices market, such as Qualcomm Technologies Inc., are creating integrated vehicle platforms like Snapdragon Digital Chassis to gain an advantage in the industry. This platform merges different technologies including Snapdragon cockpit platform, Snapdragon car-to-cloud services and cellular vehicle-to-everything (C-V2X) to boost the in-car experience. For example, in February 2022, the US-based semiconductor technology firm Qualcomm Technologies Inc., rolled out the Snapdragon Digital Chassis platform. The goal of this offering is to provide superior driving experiences and connected in-car services utilizing features like Connectivity-as-a-Service for Snapdragon Telematics Applications Framework, and a Wi-Fi 6E automotive chipset. Noteworthy features include advanced driver-assist systems (ADAS), cloud-related commerce, custom-tailored infotainment, and real-time mapping for better navigation.

What Are the Emerging 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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Connected Car Devices Industry?
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.

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