PUBLISHER: IMARC | PRODUCT CODE: 1609793
PUBLISHER: IMARC | PRODUCT CODE: 1609793
Japan connected car market size reached USD 6.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 32.1 Billion by 2033, exhibiting a growth rate (CAGR) of 20.4% during 2025-2033. The growing dependency on uninterrupted connectivity to access navigation services is providing a thrust to the market growth.
Connected cars are automobiles integrated with internet connectivity and advanced communication technologies, enabling the seamless exchange of information through multiple communication channels. Their purpose is to enhance vehicle performance, provide added convenience to users, and enable effective communication between the transportation system and its environment to prevent road accidents and offer notifications about available parking spaces. These vehicles also deliver immediate traffic alerts to drivers and can trigger emergency services in case of unforeseen incidents. Additionally, these alerts and signals contribute to the improvement of overall traffic performance and management of road safety, all while ensuring optimal driving comfort.
The Japan connected car market is primarily stimulated by the growing need for in-car safety solutions. Consequently, the extensive integration of connected cars with advanced driver-assistance systems (ADAS) for obstacle mapping and anti-lock braking systems (ABS) to facilitate secure braking is poised to foster a favorable market outlook. Additionally, the introduction of 5G connectivity and the increasing adoption of artificial intelligence (AI) and machine-to-machine (M2M) connectivity among multiple vehicles are positively influencing the market. Simultaneously, continuous advancements in the production of sophisticated suspension systems are providing further momentum to the market. The market's momentum is additionally bolstered by the increasing preference for luxury cars among individuals with substantial disposable incomes and the emergence of trends related to autonomous driving. Other contributing factors to market growth include the rapid digitalization across the automotive sector and extensive research and development (R&D) initiatives undertaken by key industry players. In addition, the enforcement of strict regulations by governments in various nations has compelled automotive producers to create vehicles equipped with ADAS attributes in response to mounting apprehensions about passenger safety, thereby aiding market expansion. Furthermore, factors such as continuous research and development (R&D) endeavors, swift digitalization in the automotive industry, and the emergence of self-driving trends are also expected to foster a favorable market perspective.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.