PUBLISHER: The Business Research Company | PRODUCT CODE: 1682151
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682151
Connected car devices encompass hardware components or systems integrated into vehicles to facilitate connectivity and interaction with external networks or devices. These installations enhance driving experiences by offering convenience, safety, and entertainment features. Additionally, they unlock new service possibilities such as automatic crash notification, stolen vehicle tracking, and remote control capabilities, further enhancing their value proposition in the automotive market.
The primary modes of communication facilitated by connected car devices comprise vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and others. Vehicle-to-vehicle (V2V) technology empowers vehicles to exchange data wirelessly, transmitting crucial information such as speed, position, and direction to enhance safety and prevent collisions. Leveraging technologies such as driver assistance systems and telematics, these communications occur via dedicated short-range communication (DSRC) and long-range or cellular networks. Their applications span passenger cars, light commercial vehicles, and heavy commercial vehicles, catering to original equipment manufacturers and aftermarket users.
The connected car devices market research report is one of a series of new reports from The Business Research Company that provides connected car devices market statistics, including connected car devices industry global market size, regional shares, competitors with a connected car devices market share, detailed connected car devices market segments, market trends and opportunities, and any further data you may need to thrive in the connected car devices industry. This connected car devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The connected car devices market size has grown rapidly in recent years. It will grow from $77.94 billion in 2024 to $91.79 billion in 2025 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to evolution of communication technologies, increasing consumer demand for connectivity, regulatory mandates, growth of IoT ecosystem, rise of autonomous vehicles.
The connected car devices market size is expected to see rapid growth in the next few years. It will grow to $174.78 billion in 2029 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles (EVs), emergence of edge computing, enhanced cybersecurity measures, integration of artificial intelligence (AI), continued innovation in mobility services. Major trends in the forecast period include integration of 5G connectivity, expansion of vehicle-to-everything (V2X) communication, growth of over-the-air (OTA) updates, rise of personalized in-vehicle experiences, focus on cybersecurity.
The growing adoption of electric vehicles (EVs) is anticipated to drive the expansion of the connected car devices market. EVs are powered by electric motors that draw energy from rechargeable batteries or, in some cases, an onboard fuel cell. Factors such as stricter emissions regulations, heightened awareness of environmental benefits, and cost efficiency are contributing to the increasing popularity of EVs. Connected car devices in EVs enable remote monitoring of battery levels, vehicle charging status, and energy consumption, as well as providing real-time navigation updates tailored to EV needs, enhancing both efficiency and user satisfaction. For example, data from the International Energy Agency, a France-based intergovernmental organization, showed that electric vehicles accounted for about 18% of all car sales in 2023, up from 14% in 2022. Thus, the growing adoption of EVs is propelling the connected car devices market forward.
Key players in the connected car devices market are focusing on developing connected vehicle platforms to stay competitive. Snapdragon Digital Chassis, for example, integrates various technologies such as Snapdragon cockpit platform and cellular vehicle-to-everything (C-V2X) to elevate the in-vehicle experience. Qualcomm Technologies Inc. launched Snapdragon Digital Chassis in February 2022, offering features such as Connectivity-as-a-Service and a Wi-Fi 6E automotive chipset for enhanced connectivity and advanced driver assist systems (ADAS).
In February 2022, Spinny, a car retailing company based in India, acquired Scouto to strengthen its position in the connected car technology space. The acquisition enhances Spinny's capabilities in offering AI-powered solutions for an improved customer experience in the pre-owned car retailing market. Scouto, an Indian automotive technology firm, specializes in developing advanced telematics and autonomous driving solutions for vehicles.
Major companies operating in the connected car devices market are Volkswagen AG, Toyota Motor Corporation, General Motors Company, Robert Bosch GmbH, Tesla Inc., Intel Corporation, Panasonic Corporation, Denso Corporation, Nvidia Corporation, Qualcomm Incorporated, Continental AG, Porsche AG, Magna International Inc., Valeo SA, Infineon Technologies AG, Autoliv Inc., Harman International Industries Incorporated, Garmin Ltd., Visteon Corporation, TomTom N.V., Sierra Wireless Inc., Delphi Technologies, Autotalks Ltd.
Asia-Pacific was the largest region in the connected car devices market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the connected car devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the connected car devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The connected car devices market consists of revenues earned by entities by providing services such as infotainment solutions, safety and security, vehicle-to-everything (V2X), remote control, data analytics and fleet management. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected car devices market also includes sales of telematics devices, on-board diagnostics devices, embedded communication modules, dashcams and security systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Connected Car Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on connected car devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for connected car devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The connected car devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.