Connected Vehicles Market, By Vehicle Type, By End-user Industry, By Communication, By Connectivity,By Geography

Description

Global Connected Vehicles Market is estimated to be valued at USD 84.68 Bn in 2025 and is expected to reach USD 194.46 Bn by 2032, growing at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 84.68 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	12.60%	2032 Value Projection:	USD 194.46 Bn

Figure. Connected Vehicles Market Share (%), By Region 2025

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 (2025-2032), considering 2024 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, 2020 - 2032)
- Passenger cars
- Commercial Cars
By End-user Industry Insights (Revenue, USD, 2020 - 2032)
- Aftermarket
- OEM
By Communication Insights (Revenue, USD, 2020 - 2032)
- Vehicle-to-vehicle
- Vehicle-to-pedestrian
- Vehicle-to-infrastructure
By Connectivity Insights (Revenue, USD, 2020 - 2032)
- DSRC
- Cellular
- Satellite
- Wi-Fi
Regional Insights (Revenue, USD, 2020 - 2032)
- 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.

Product Code: CMI7609

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, 2025-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Commercial Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Connected Vehicles Market, By End-user Industry, 2025-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Aftermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Connected Vehicles Market, By Communication, 2025-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Vehicle-to-vehicle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Vehicle-to-pedestrian
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Vehicle-to-infrastructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Connected Vehicles Market, By Connectivity, 2025-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
DSRC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Cellular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Satellite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Wi-Fi
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

8. Global Connected Vehicles Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Communication, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Communication, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Communication, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Communication, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Communication, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Vehicle Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End-user Industry, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Communication, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Connectivity, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, 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.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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