Global Connected Car Devices Market Poised for Remarkable Growth, Projected to Reach USD 219.02 Billion by 2030
The global connected car devices market is on an impressive growth trajectory, with projections indicating an expansion from USD 69.2 billion in 2022 to USD 219.02 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 16.1% during the forecast period.
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This surge is driven by the increasing integration of telecommunication services in the automotive sector, addressing demands for navigation services, enhanced safety features, and real-time vehicle diagnostics. Connected vehicles equipped with eSIMs and IoT sensors are revolutionizing the driving experience by providing seamless internet access, monitoring vehicle health, and ensuring driver attentiveness through advanced monitoring systems.
Competitive Landscape
The market is characterized by the presence of key players such as Continental AG, Denso Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Autoliv Inc. These industry leaders are investing heavily in research and development to introduce innovative technologies and maintain a competitive edge.
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Regional Insights
Asia Pacific:
Opportunities in Asia Pacific's Connected Car Devices Market
The Asia Pacific region is expected to hold a significant share of the connected car devices market. Countries like China and India are at the forefront, driven by rapid urbanization, increasing disposable incomes, and a growing demand for advanced vehicle technologies. For instance, China's focus on smart city projects and vehicle electrification, coupled with its dominance in 5G technology, positions it as a leader in connected car adoption.
Recent Developments in Asia Pacific's Connected Car Devices Market
In March 2025, Ecarx, a Chinese digital cockpit system developer, announced discussions with Volkswagen to integrate its technologies into VW vehicles for markets including Europe and the US. This collaboration underscores the increasing influence of Chinese technology firms in the global automotive landscape.
Europe:
Growth Trends in Europe's Connected Car Devices Market
Europe is witnessing substantial growth in the connected car devices market, driven by stringent safety regulations and a strong emphasis on reducing carbon emissions. The region's well-established automotive industry is rapidly adopting connected technologies to enhance vehicle performance and user experience.
Consolidation in Europe's Connected Car Devices Market
In January 2025, Dutch chipmaker NXP agreed to acquire Austria's TTTech Auto for $625 million. This strategic move aims to bolster NXP's automotive operations by integrating TTTech Auto's safety-focused middleware into its portfolio.
United States:
Opportunities in United States' Connected Car Devices Market
The United States remains a pivotal market for connected car devices, driven by consumer demand for advanced infotainment systems, telematics, and autonomous driving features. The presence of tech giants and innovative startups fosters a dynamic ecosystem conducive to growth.
Trends in United States' Connected Car Devices Market
Companies like Harman International have launched advanced telematics control units, leveraging collaborations with firms like Qualcomm Technologies Inc. to deliver enhanced in-cabin experiences for consumers.
Middle East and Africa:
Growth Prospects in Middle East and Africa's Connected Car Devices Market
The Middle East and Africa region is gradually embracing connected car technologies, driven by increasing investments in smart infrastructure and a growing appetite for luxury vehicles equipped with advanced features. However, challenges such as limited connectivity infrastructure in certain areas may impede rapid adoption.
Updation in Middle East and Africa's Connected Car Devices Market
Efforts are underway to enhance telecommunication infrastructures, which are crucial for the seamless operation of connected vehicles. Collaborations between governments and private sector players aim to address these challenges and unlock the region's potential in the connected car ecosystem.
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♦ Market Segmentation: In-Depth Analysis:
by Communication
Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian(V2P)
Others (V2C, V2D, V2G)
by Technology
Driver Assistance Systems
Adaptive cruise control
Lane departure warning
Blind spot detection
Road sign recognition
Park assist
Pedestrian detection system
Telematics
Others
According to technology, the driver assistance systems category is expected to reach USD$ x Mn by 2030, with the greatest market share of x% in 2023. Adaptive cruise control connectivity is predicted to expand at the quickest rate in the worldwide connected automotive sector. Adaptive cruise control linked solutions are expanding as a result of government regulations, service plan cost management, and the creation of cloud-based services. Adaptive cruise control linked vehicles are becoming more and more popular since many connected car services, including eCall and remote diagnostics, need an inbuilt communication system in the vehicle.
by Connectivity
Dedicated Short Range Communication (DSRC)
Long Range/ Cellular Network
by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
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♦ Learn about the top players driving innovation in the Market :
1. Continental AG
2. Denso Corporation
3. Delphi Automotive, PLC
4. Robert Bosch GmbH
5. Autoliv Inc.
6. Valeo SA
7. Tesla
8. Volkswagen
9. Porsche
10. General Motors
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