Press release
Connected Car Market Accelerates: From USD 109.35 Billion in 2023 to USD 395.79 Billion by 2032
This robust expansion reflects a significant Compound Annual Growth Rate (CAGR) of 15.5% over the forecast period of 2025 to 2032. This growth is fundamentally driven by the convergence of automotive engineering with digital technology, transforming vehicles into sophisticated, connected devices.
Request To Free Sample of This Strategic Report ➤ https://www.marketresearchfuture.com/sample_request/1140
Key Market Drivers: Safety, Automation, and Connectivity
The surge in the connected car market is fueled by several powerful trends:
• Growing Demand for Advanced Driver-Assistance Systems (ADAS): ADAS features, such as adaptive cruise control and automatic emergency braking, rely heavily on real-time data exchange facilitated by connectivity. The push for greater vehicle safety is directly propelling the adoption of connected car technologies.
• Automation and Autonomous Vehicle Development: Connected car technology, including Vehicle-to-Everything (V2X) communication, is the foundational layer for autonomous driving. It enables real-time communication between the vehicle, infrastructure, and other road users, which is essential for self-driving systems.
• Consumer Desire for In-Car Infotainment: Modern consumers expect a seamless digital experience in their vehicles, including real-time navigation, media streaming, and integration with personal devices. The demand for AI-powered voice assistants and immersive infotainment systems is a major driver.
• 5G Network Rollout and Telematics: The deployment of 5G networks provides the high-speed, low-latency connectivity required for advanced connected services like over-the-air (OTA) updates and critical safety alerts, boosting the entire telematics segment.
Browse In-depth Market Research Report ➤ https://www.marketresearchfuture.com/reports/connected-car-market-1140
Market Segmentation Highlights
The connected car market is segmented across multiple dimensions, with specific components and technologies dominating the landscape:
1. By Component:
• Hardware (Dominant): Includes sensors, modems, smart antennas, and Telematics Control Units (TCU) used to enable connectivity and data acquisition.
• Software: Encompasses operating systems, advanced analytics, OTA update platforms, and cybersecurity solutions.
• Services: Includes subscription-based services like eCall/SOS assistance, vehicle diagnostics, remote operation, and concierge services.
2. By Connectivity Technology:
• Embedded: The leading segment, where connectivity modules are factory-installed by the OEM, offering deep integration and reliability for essential services.
• Integrated: Relies on a driver's smartphone for connectivity, offering flexibility for infotainment and personal apps.
• Tethered: Uses an external device, such as a plug-in dongle, to provide basic telematics and diagnostics.
3. By Application:
• Driver Assistance: Currently holds the largest market share, focusing on safety features like collision warning and dynamic route guidance.
• Infotainment & Navigation: Includes multimedia streaming, personalized media, and real-time mapping services.
• Vehicle Management: Covers remote diagnostics, predictive maintenance, and Stolen Vehicle Recovery (SVR) systems.
Regional Analysis:
Asia-Pacific's Rapid Growth
North America remains a key market leader, driven by significant investment in grid modernization and the early adoption of smart, IoT-based mobility solutions. However, the Asia-Pacific region is projected to be the fastest-growing market.
Rapid industrialization, high vehicle production rates (especially in China and India), and government initiatives supporting smart city projects and digital infrastructure are fueling exponential adoption. This is pushing automotive manufacturers in the region to prioritize the integration of advanced connected features.
Buy Now Premium Research Report ➤ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1140
Key Market Opportunities and Competitive Landscape
Major opportunities lie in the integration of connected car technology with Smart City infrastructure (V2I) for better traffic management, and the growth of Demand Response programs that allow electric vehicles to interact with the power grid. Furthermore, the push for ESG compliance and vehicle energy certifications will expand the market in the commercial sector.
The competitive landscape is dominated by a mix of traditional automotive suppliers, technology giants, and telecommunication companies, all collaborating to deliver seamless solutions.
Key players include:
• Robert Bosch GmbH
• Continental AG
• General Motors (GM)
• Qualcomm Technologies Inc.
• Harman International (Samsung)
• Daimler AG
These companies are heavily focused on R&D, specializing in AI integration, 5G-enabled communication, and robust cybersecurity solutions to protect the vast amounts of sensitive data generated by connected vehicles
Related Trending Reports:
Hazardous Area Equipment Market-https://www.marketresearchfuture.com/reports/hazardous-area-equipment-market-3680
HDR (High Dynamic Range) Video Camera Market-https://www.marketresearchfuture.com/reports/hdr-video-camera-market-3836
Smartphone TV Market-https://www.marketresearchfuture.com/reports/smartphone-tv-market-3838
Display Controller Market-https://www.marketresearchfuture.com/reports/display-controller-market-4020
Automated Windows Market-https://www.marketresearchfuture.com/reports/automated-windows-market-4023
Noise Monitoring System Market-https://www.marketresearchfuture.com/reports/noise-monitoring-system-market-4064
AMOLED Display Market-https://www.marketresearchfuture.com/reports/amoled-display-market-4142
Pico Projector Market-https://www.marketresearchfuture.com/reports/pico-projector-market-4146
Mobile Controlled Robots Market-https://www.marketresearchfuture.com/reports/mobile-controlled-robots-market-4169
High Voltage Amplifier Market-https://www.marketresearchfuture.com/reports/high-voltage-amplifier-market-4239
About US
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Sales: +1 628 258 0071(US)
+44 2035 002 764(UK
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Connected Car Market Accelerates: From USD 109.35 Billion in 2023 to USD 395.79 Billion by 2032 here
News-ID: 4307932 • Views: …
More Releases from Market Reseach Future (MRFR)
Action Camera Market Leaps: Projected to Hit USD 12.49 Billion by 2030, Propelle …
The global action camera market, a niche yet highly dynamic segment of the consumer electronics industry, is experiencing exponential growth. Valued at approximately USD 6.50 Billion in 2024, the market is forecast to nearly double, reaching USD 12.49 Billion by 2030.
This expansion is underpinned by a robust Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period from 2025 to 2030.
Request To Free Sample of This Strategic Report…
3D Display Market to Reach USD 508.8 Billion by 2035, Growing at a 16.2% CAGR | …
The global 3D Display Market is set for explosive growth, transitioning from an estimated USD 165.3 billion in 2025 to a projected USD 508.8 billion by 2035.
This monumental expansion represents a strong Compound Annual Growth Rate (CAGR) of 16.2% over the forecast period, fueled by the relentless demand for highly immersive visual experiences across a multitude of industries.
Request To Free Sample of This Strategic Report ➤ https://www.marketresearchfuture.com/sample_request/1137
Key Market…
Infrastructure Monitoring Market Set to Cross USD 10 Billion Mark by 2030, Drive …
The global Infrastructure Monitoring Market is experiencing significant expansion, propelled by the critical need to ensure the safety, reliability, and longevity of essential assets.
Valued at approximately USD 4.96 billion in 2023, the market is projected to reach an estimated USD 10.26 billion by 2030. This growth represents a robust Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period from 2023 to 2030.
Infrastructure monitoring encompasses the use of…
Non-Destructive Testing (NDT) Services Market: Expected to Reach USD 24.89 Billi …
The global Non-Destructive Testing (NDT) Services Market, a critical domain ensuring material and component integrity without causing damage, is experiencing significant expansion.
Valued at an estimated USD 18.17 billion in 2025, the market is projected to grow substantially, reaching USD 24.89 billion by 2030. This robust growth is forecasted at a Compound Annual Growth Rate (CAGR) of 6.5% over the period, driven by escalating safety regulations and the imperative for…
More Releases for USD
Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements
Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and…
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand
The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious…
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope:
Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market
In-Depth Exploration of the global Biometrics…
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants.
As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to…
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
