How big is the Connected Vehicle Market?

The Connected Vehicle Market size is expected to reach USD 74.39 billion in 2024 and grow at a CAGR of 17.35% to reach USD 165.53 billion by 2029. Read More

What is the current Connected Vehicle Market size?

In 2024, the Connected Vehicle Market size is expected to reach USD 74.39 billion. Read More

Who are the key players in Connected Vehicle Market?

Continental AG, Robert Bosch GmbH, Visteon Corporation, Harman International and Denso Corporation are the major companies operating in the Connected Vehicle Market. Read More

Which is the fastest growing region in Connected Vehicle Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Connected Vehicle Market?

In 2024, the Asia-Pacific accounts for the largest market share in Connected Vehicle Market. Read More

What years does this Connected Vehicle Market cover, and what was the market size in 2023?

In 2023, the Connected Vehicle Market size was estimated at USD 63.39 billion. The report covers the Connected Vehicle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Connected Vehicle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What drives the growth of the Connected Vehicle Market?

The Connected Vehicle Market growth is driven by a) Advancements in vehicle technology b) Increasing consumer demand for safer and more efficient driving experiences c) Government regulations for vehicle safety d) Growing integration of smartphones with vehicles Read More

What are the key technologies in the Connected Vehicles Industry?

Key technologies in the Connected Vehicles Industry are a) Vehicle-to-Vehicle (V2V) b) Vehicle-to-Infrastructure (V2I) c) Vehicle-to-Pedestrian (V2P) communication systems d) In-vehicle infotainment systems e) Telematics f) Autonomous driving technologies Read More

Connected Vehicle Market Analysis | Industry Report, Size & Forecast

Connected Car Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Connected Vehicle Technology & Market Analysis and it is Segmented by Technology Type (4G/LTE, 3G, 2G), by Application (Driver Assistance, Telematics, Infotainment, Others), by Connectivity (Integrated, Embedded, Tethered), by Vehicle Connectivity (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P)), by Vehicle (Passenger cars, Commercial Vehicle) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report covers the market size and forecasts in value (USD Billion) for all above segments.

Connected Vehicle Industry Overview

The connected vehicle market is dominated by Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc, and Visteon Corporation. Connected vehicles' features are poised to become a common phenomenon in developing nations such as China, India, etc., market over the forecast period, as OEMs have started offering connected car features in their new respective models. For instance,

In May 2022, LEVC (London Electric Vehicle Company) announced a new partnership with the global leader in IoT and connected transportation, Geotab, providing state-of-the-art fleet management systems on its class-leading electric TX taxi and VN5 van.
In August 2021, Robert Bosch GmbH joined with Mahindra & Mahindra for the development of a connected vehicle platform. This partnership helps to grow and boost the connected platform in vehicles.
In February 2021, Ford Motors and Google signed a strategic partnership for the development of connected car service applications. This partnership helps to enhance the ford motors connected vehicle business.