2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theConnected Car Devices Market?

The surge in acceptance of electric cars is anticipated to accelerate the expansion of the connected car devices market. Electric cars, which use electric motors powered by rechargeable batteries or an onboard fuel cell, are gaining traction due to strict pollution control norms, increasing environmental consciousness, and cost-effectiveness. Connected car devices enhance the efficiency and user satisfaction of electric vehicles by facilitating remote battery monitoring, vehicle charging, energy consumption tracking and delivering EV-specific real-time navigation updates. For instance, a data provided by the International Energy Agency, an autonomous organization based in France, in 2023, roughly 18% of all sold car sales were electric, a jump from 14% in 2022. As a result, the burgeoning acceptance of electric vehicles is propelling the expansion of the connected car devices market.

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#What is the Growth Potential of the Connected Car Devices Market, and How Will It Perform by 2034?

The market size for connected car devices has seen a significant expansion in the last few years. The growth is projected to rise from $77.94 billion in 2024 to $91.79 billion in 2025, with a compound annual growth rate (CAGR) of 17.8%. Factors driving growth during the historic period include the advancement of communication technologies, a surge in consumer demand for connectivity, legal regulations, the development of the IoT ecosystem, and an increase in autonomous vehicles.

The market for connected car devices is projected to witness significant expansion in the upcoming years, with a forecast to reach $174.78 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 17.5%. The expansion during the predicted timeframe can be ascribed to factors such as the growing preference for electric vehicles (EVs), the advent of edge computing, bolstered cybersecurity efforts, integration of artificial intelligence (AI), and sustained advancement in mobility services. Key trends for the period of prediction encompass the incorporation of 5G connectivity, the proliferation of vehicle-to-everything (V2X) communication, the surge in over-the-air (OTA) updates, the emergence of personalized in-vehicle experiences, and increased attention towards cybersecurity.

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What Are the Current Market Growth and Trends in theConnected Car Devices Market That Industry Players Should Watch?

Leading businesses in the connected car devices market, like Qualcomm Technologies Inc., are creating integrated vehicle systems such as Snapdragon Digital Chassis as a strategy to outperform competitors. This involves the blending of diverse technologies including the Snapdragon cockpit platform, Snapdragon car-to-cloud services, and Cellular Vehicle to Everything (C-V2X), all aimed at enriching the in-vehicle user experience. In February 2022, the U.S. semiconductor and technology company launched Snapdragon Digital Chassis, a connected vehicle platform designed to provide luxury driving experiences and an array of in-car connected services. Key features of this platform encompass Connectivity-as-a-Service for Snapdragon Telematics Applications Framework, plus a Wi-Fi 6E automotive chipset. It also enhances driving and navigation with advanced driver assistance systems, cloud-connected commerce, custom infotainment, and real-time mapping capabilities.

What Are the Major Market Players Making an Impact on theConnected Car Devices Market Growth?

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.

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How Are the Key Segments of the Connected Car Devices Market Driving Opportunities and Innovations?

The connected car devices market covered in this report is segmented –

1) By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian(V2P), Other Modes Of Communication

2) By Technology: Driver Assistance Systems, Telematics, Other Technologies

3) By Connectivity: Dedicated Short Range Communication (DSRC), Long Range Or Cellular Network

4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles

5) By End-User: Original Equipment Manufacturer, After market

Subsegments:

1) By Vehicle-To-Vehicle (V2V): Direct Vehicle Communication, Cooperative Adaptive Cruise Control (CACC), Collision Avoidance Systems, Platooning

2) By Vehicle-To-Infrastructure (V2I): Traffic Signal Communication, Roadside Unit Communication (RSU), Smart Traffic Management, Toll Collection Systems, Parking Management

3) By Vehicle-To-Pedestrian (V2P): Pedestrian Safety Alerts, Crosswalk Communication, Pedestrian Detection Systems

4) By Other Modes Of Communication: Vehicle-To-Cloud (V2C), Vehicle-To-Device (V2D), In-Vehicle Communication, Vehicle-To-Grid (V2G)

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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theConnected Car Devices Market?# Market Expansion?

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.

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