Connected Automotive Market size is estimated to be USD 84.52 Billion in 2024 and is expected to reach USD 215.38 Billion by 2033 at a CAGR of 10.92% from 2026 to 2033.
Our market research services provide actionable insights, helping businesses make informed decisions and stay competitive. We specialize in analyzing market trends, consumer behavior, and industry dynamics to deliver tailored strategies. By utilizing both qualitative and quantitative research methods, we ensure comprehensive and accurate data. Our expertise helps clients minimize risks, identify opportunities, and drive growth across various sectors. With a focus on delivering reliable and timely results, we support businesses in achieving long-term success.
Download Full PDF Sample Copy of Connected Automotive Market Report @ https://www.verifiedmarketreports.com/download-sample/?rid=494216&utm_source=SG-May&utm_medium=319
The connected automotive market is experiencing remarkable growth, propelled by technological advancements and increasing consumer demand for integrated vehicle connectivity. Market projections indicate a substantial rise in market value in the coming years. For instance, MarketsandMarkets forecasts the global connected car market to expand from $12.4 billion in 2024 to $26.4 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 13.3%. Similarly, Fortune Business Insights anticipates the market to grow from $95.14 billion in 2024 to $386.82 billion by 2032, at a CAGR of 19.2% during the forecast period. citeturn0search1turn0search7
Recent technological innovations are significantly shaping the connected automotive landscape. Vehicle-to-Everything (V2X) communication, which enables vehicles to interact with each other and surrounding infrastructure, is gaining momentum. In June 2024, the U.S. Department of Transportation announced grants totaling $60 million to accelerate V2X deployment, aiming to enhance road safety and efficiency. citeturn0search14
Moreover, the integration of Android Automotive OS is becoming increasingly prevalent. Introduced by Google, this operating system powers infotainment systems in various vehicles, offering enhanced user experiences. As of March 2023, the Volkswagen Group announced that its future infotainment system, One.Infotainment, will be based on Android Automotive, reflecting a broader industry trend towards standardized, user-friendly interfaces. citeturn0search15
Strategic partnerships are pivotal in advancing connected automotive technologies. General Motors (GM) has partnered with Nvidia to enhance its autonomous vehicle and manufacturing projects. This collaboration involves utilizing Nvidia’s Omniverse 3D graphics platform for simulations and integrating Nvidia's AI technologies into GM's vehicles, aiming to bolster efficiency and safety. citeturn0news10
Additionally, Israeli startup REE Automotive is on the verge of finalizing a significant licensing deal expected to generate up to $770 million in revenue by 2030. This agreement involves supplying autonomous vehicle technology to an undisclosed partner, marking a strategic shift towards software and services in the automotive sector. citeturn0news11
Regulatory bodies are actively addressing the challenges posed by connected vehicles, particularly concerning data privacy and security. In 2024, the U.S. Commerce Department's Bureau of Industry and Security issued a rule banning the import of connected vehicle components from China and Russia due to national security risks. Concurrently, the Federal Trade Commission (FTC) settled cases with automakers over the improper sharing of driver data, underscoring the need for stringent data protection measures in the industry. citeturn0news12
While the integration of connected technologies offers numerous benefits, it also presents challenges related to user experience and safety. Instances of intrusive in-car advertisements have raised concerns among consumers, highlighting the need for a balance between monetization strategies and user comfort. A recent case involved a Jeep owner reporting persistent warranty ads appearing on the vehicle's display screen, prompting discussions about the ethical use of in-car advertising. citeturn0news16
Industry events continue to showcase innovations driving the future of connected automotive technologies. At CES 2025, BMW unveiled its Panoramic iDrive system, a dash-spanning digital display set to debut in late 2025. Honda introduced new electric vehicles featuring Level 3 automated driving capabilities and a personalized interface named Asimo, with plans for release in 2026. These developments reflect the industry's commitment to enhancing user experiences through advanced connectivity and automation. citeturn0news23
The importance of Connected Automotive Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Connected Automotive Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Connected Automotive Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Connected Automotive Market:
Embedded, Tethered, Integrated
What are the Applications of Connected Automotive Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Connected Automotive Market share In 2024.
Original Equipment Manufacturer (OEM), Aftermarket
Who is the largest Manufacturers of Connected Automotive Market worldwide?
Continental, Delphi, Denso, Bosch, Harman, NXP, Infineon, ZF, Autoliv, Valeo, Aisin Seiki, Hella
Short Description About Connected Automotive Market:
The global Connected Automotive Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Connected Automotive Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Connected Automotive Market, with more new investments expected to enter the field in the future.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=494216&utm_source=SG-May&utm_medium=319
Which regions are leading the Connected Automotive Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Connected Automotive Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Connected Automotive Market? What are the upcoming industry applications and trends for the Connected Automotive Market?
What Are Projections of Global Connected Automotive Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Connected Automotive Market? What are the raw materials used for Connected Automotive Market manufacturing?
How big is the opportunity for the Connected Automotive Market? How will the increasing adoption of Connected Automotive Market for mining impact the growth rate of the overall market?
How much is the global Connected Automotive Market worth? What was the value of the market In 2020?
Who are the major players operating in the Connected Automotive Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Connected Automotive Market Industry?
1. Introduction of the Connected Automotive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Connected Automotive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Connected Automotive Market, By Product
6. Connected Automotive Market, By Application
7. Connected Automotive Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Connected Automotive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/connected-automotive-market-size-and-forecast/
About Us: Verified Market Reports
Verified Market Reports is a premier Global Research and Consulting firm serving a diverse clientele of over 5000+ global customers. We specialize in delivering cutting-edge analytical research solutions and comprehensive information-enriched research studies.
Our expertise encompasses strategic and growth analyses, providing the crucial data and insights required to make informed corporate decisions and achieve key revenue goals.
With a dedicated team of 250 Analysts and Subject Matter Experts, we excel in data collection and governance, utilizing advanced industrial techniques to gather and analyze data across more than 25,000 high-impact and niche markets. Our analysts are adept at integrating modern data collection methods with superior research methodologies, ensuring the production of precise and insightful research based on years of collective experience and specialized knowledge.
Contact us:
Mr. Edwyne Fernandes
US: +1(302) 551-2611