PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629668
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629668
Connected Vehicles Market, By Vehicle Type, By End-user Industry, By Communication, By Connectivity,By Geography
The global connected vehicles market is estimated to be valued at USD 75.20 Bn in 2024 and is expected to reach USD 170.30 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 75.20 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 12.40% | 2031 Value Projection: | US$ 170.30 Bn |
Connected vehicles can seamlessly communicate with other vehicles, roadside infrastructure, and traffic management systems. This connectivity helps in improving road safety, traffic management, and fuel efficiency. Connected vehicles use vehicle-to-everything (V2X) communication technologies like vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), etc. to share real-time traffic, road, and vehicle condition data with other entities. The increasing adoption of advanced driver assistance systems (ADAS) and the focus toward autonomous vehicles is expected to boost the demand for connected vehicle technologies in the coming years.
Market Dynamics:
The connected vehicles market is driven by the rising demand for safety, infotainment, and traffic management applications. Stringent safety regulations regarding ADAS features and the focus toward developing safe autonomous vehicles are forcing automakers to adopt connectivity solutions. However, high development costs and lack of standardization of connectivity protocols pose challenges. The growing deployment of 5G networks provides an opportunity to support advanced connected vehicle applications with low latency requirements. OEMs are also focusing on over-the-air updates to remotely upgrade vehicle software and introduce new functionalities.
Key features of the study:
This report provides in-depth analysis of the global connected vehicles market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global connected vehicles market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Robert Bosch, Continental, Harman International, Delphi Technologies, Denso, and TomTom International
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global connected vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
- By Vehicle Type Insights (Revenue, USD, 2019 - 2031)
- Passenger cars
- Commercial Cars
- By End-user Industry Insights (Revenue, USD, 2019 - 2031)
- Aftermarket
- OEM
- By Communication Insights (Revenue, USD, 2019 - 2031)
- Vehicle-to-vehicle
- Vehicle-to-pedestrian
- Vehicle-to-infrastructure
- By Connectivity Insights (Revenue, USD, 2019 - 2031)
- DSRC
- Cellular
- Satellite
- Wi-Fi
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Continental AG
- Robert Bosch GmbH
- Harman International
- Denso Corporation
- Visteon Corporation
- Intellias
- Qualcomm Technologies Inc.
- Ford Motor Company
- BMW Group
- Samsung Electronics
- Veoneer Inc
- Magna International Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Connected Vehicles Market, By Vehicle Type
- Connected Vehicles Market, By End-user Industry
- Connected Vehicles Market, By Communication
- Connected Vehicles Market, By Connectivity
- Connected Vehicles Market, By Region
3. Market Dynamics, Regulations, And Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Connected Vehicles Market, By Vehicle Type, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Commercial Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Connected Vehicles Market, By End-user Industry, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Aftermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Connected Vehicles Market, By Communication, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Vehicle-to-vehicle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Vehicle-to-pedestrian
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Vehicle-to-infrastructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Connected Vehicles Market, By Connectivity, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- DSRC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cellular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Satellite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Wi-Fi
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Connected Vehicles Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Communication, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Communication, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Communication, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Communication, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Communication, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Communication, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Continental AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Harman International
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Denso Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Visteon Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Intellias
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Qualcomm Technologies Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ford Motor Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BMW Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Samsung Electronics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Veoneer Inc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Magna International Inc.
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us
