PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1763761
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1763761
The Global Connected Car Devices Market is valued at approximately USD 77.33 billion in 2024 and is poised to register a robust compound annual growth rate of more than 16.30% over the forecast period 2025-2035. Connected car devices, which empower vehicles with real-time communication, data analysis, and automation capabilities, are increasingly reshaping the transportation landscape. These devices facilitate vehicle-to-everything (V2X) interactions-including vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) communications-enhancing road safety, traffic efficiency, and user convenience. The surging adoption of Internet of Things (IoT), coupled with the proliferation of 5G networks and growing emphasis on autonomous and semi-autonomous driving technologies, is propelling market expansion. Simultaneously, stringent government mandates regarding vehicle safety, emissions, and intelligent transport systems are further steering the demand for smart mobility solutions.
As automotive OEMs and tech giants collaborate to transform cars into data-driven platforms, the demand for sophisticated connectivity types such as Dedicated Short Range Communication (DSRC) and Cellular Network technologies continues to escalate. These advancements are revolutionizing in-vehicle experiences by enabling advanced driver assistance systems (ADAS), predictive maintenance, remote diagnostics, and infotainment features. Moreover, the rising penetration of electric vehicles-ranging from Battery Electric Vehicles (BEVs) to Plug-in Hybrid Electric Vehicles (PHEVs)-is compelling automakers to embed cutting-edge telematics and connectivity modules. With the global automotive ecosystem shifting toward connected mobility, vehicle-to-cloud services and over-the-air software updates are emerging as pivotal differentiators, spurring investments across startups and established players alike.
Regionally, North America commands a significant share of the connected car devices market, underpinned by its early adoption of high-end automotive technologies, favorable regulatory frameworks, and the presence of key market players. The United States, in particular, has been at the forefront, driven by advanced telematics infrastructure and robust R&D funding. Meanwhile, Europe continues to gain traction, supported by strict vehicle safety norms and the widespread push for smart transportation ecosystems across Germany, the UK, and France. However, Asia Pacific is expected to chart the fastest growth trajectory over the forecast period. Rapid urbanization, increasing disposable incomes, and surging vehicle ownership-especially in China and India-are generating an immense appetite for next-gen mobility solutions. Simultaneously, government initiatives to bolster EV adoption and smart city development are fostering the demand for connected technologies across emerging economies.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below: