United States Connected Cars Market is expected to reach USD 56.2 billion by 2031 | Major key players - Continental AG, Sierra Wireless, BMW Group.

Market Size and Forecast:

The Global Connected Cars Market Size reached USD 23.5 billion in 2022 and is expected to reach USD 56.2 billion by 2031, growing with a CAGR of 18.5% during the forecast period 2024-2031.

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The Connected Cars Market encompasses vehicles integrated with advanced communication technologies, enabling real-time data exchange between the car, cloud, infrastructure, and other vehicles. These vehicles offer enhanced safety, navigation, infotainment, diagnostics, and autonomous driving capabilities. The market includes hardware, software, and services supporting vehicle connectivity, driven by increasing demand for smart mobility, IoT integration, and next-generation automotive solutions.

Industry Recent Developments:

United States:

✅ August 2025: The US market experienced a notable rise in the adoption of autonomous and semi-autonomous vehicle features, with increased integration of advanced driver-assistance systems (ADAS) to improve safety and driver convenience.

✅ September 2025: The US market saw a significant boost in electric connected vehicles, driven by ongoing government incentives and automakers' investments in smart mobility solutions, enhancing vehicle-to-infrastructure communication.

✅ October 2025: New collaborations between tech companies and automakers aimed at deploying 5G-enabled connected vehicle platforms to support real-time traffic management and enhanced infotainment services.

Japan:

✅ August 2025: Japanese automakers such as Toyota and Honda announced advancements in their autonomous driving platforms, emphasizing safety features and vehicle-to-everything (V2X) communication, aligned with smart city initiatives.

✅ September 2025: Significant testing and deployment of cellular V2X technology by Honda and SoftBank to improve real-time traffic safety and vehicle communication, marking progress in Japan's connected vehicle infrastructure.

✅ October 2025: Collaborations between automotive and tech sectors expanded, focusing on AI-powered safety features and integration of IoT sensors to enhance vehicle performance and urban traffic management.

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Major Key Players:

LUXOFT
Continental AG
Qualcomm Technologies, Inc.
Robert Bosch GmbH
Sierra Wireless
Tesla
Audi AG
BMW Group
Daimler AG
Ford Motor Company.

Key Growth Drivers:

Increasing consumer demand for enhanced safety, convenience, and in-car entertainment features, including advanced driver assistance systems (ADAS) and real-time traffic updates.

Technological advancements such as 5G connectivity, artificial intelligence integration, and the Internet of Things (IoT) enabling smart mobility features and vehicle-to-everything (V2X) communications.

Government mandates and regulatory support promoting connected vehicle technologies for improved traffic management, safety telematics, and environmental benefits, alongside investments in smart infrastructure.

Segments Covered in the Connected Cars Market:

By Type: Embedded, Tethered, Integrated.

By Network: Dedicated Short-Range Communication, Cellular.

By Services: Navigation, Remote Diagnostics, Collision Warning, Auto Parking, Autopilot, Vehicle Management, Cybersecurity, Others.

By Hardware Type: Electronic Control Unit, Intelligent Antenna, Sensors, Keyless Entry Systems, Central Gateway, Head Unit, Telematics Control Unit.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Connected Cars market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Connected Cars Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Connected Cars market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Connected Cars Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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