Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Connected Car Devices Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Connected Car Devices Market?
The market size of connected car devices has seen a quick expansion lately. The growth is projected to rise from $79.63 billion in 2024 to $93.25 billion in 2025. This increase represents a compound annual growth rate (CAGR) of 17.1%.
What Are the Expected Market Growth Trends for the Connected Car Devices Market Through 2029?
The Connected Car Devices Global Market is anticipated to reach a value of $172.37 billion in 2029, expanding at a compound annual growth rate (CAGR) of 16.6%.
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What Are the Key Business Drivers in the Connected Car Devices Market Landscape?
The key drivers in the connected car devices market are:
• Rising adoption of electric vehicles (EVs)
• Emergence and implementation of edge computing
• Enhanced focus on cybersecurity measures
• Extensive integration of artificial intelligence (AI) in the sector
How Is the Connected Car Devices Market Divided Across Key Categories?
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
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What Are the Ongoing Trends in the Connected Car Devices Market?
The key trends in the connected car devices market are:
• The integration of 5G connectivity in connected cars is becoming a significant trend.
• The expansion of vehicle-to-everything (V2X) communication is shaping the future.
• The growth of over-the-air (OTA) updates is increasingly facilitating the upgrading of connected cars.
• There is a rising trend of personalized in-vehicle experiences, improving customers' satisfaction level and data security.
Which Companies are Expanding in the Connected Car Devices Industry?
Major players 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.
Which is the Largest Region the Global Connected Car Devices Market?
Asia-Pacific was the largest region in the connected car devices market in 2024
