The Connected Cars by The Business Research Company provides market overview across 60+ geographies in the seven regions — Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010–2021) and extends its insights into a ten-year forecast period (2023–2033).


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According to The Business Research Company’s Connected Cars, The connected cars market size has grown rapidly in recent years. It will grow from $80.04 billion in 2023 to $92.59 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to emerging markets growth, increased demand for enhanced user comfort, safety, and convenience, and increasing occurrences of vehicle theft in connected cars industry.

The connected cars market size is expected to see rapid growth in the next few years. It will grow to $165.72 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to rise in global population, the emergence of various technologies such as 5g and ai, a rise in internet penetration, internet of things (iot), rising preference of in-car wi-fi hotspots and data services and increasing demand for smart solutions in mobility. Major trends in the forecast period include connected cars manufacturers should focus on the adoption of 5g connectivity in connected cars to expand the connected technologies. the connected cars manufacturers should focus on the integration of ai in connected cars to enhance the features in connected car operating systems. the connected cars manufacturers should focus on the installation of cybersecurity systems in connected cars to the risk of cyber-attacks. the connected cars manufacturers should focus on launching cloud platforms for connected cars to keep up with the competitors in the market. the connected cars manufacturers should focus on designing hybrid personalized in-vehicle infotainment systems for connected cars to enhance in-vehicle capabilities for the better driving experience. the connected cars manufacturers should focus on designing advanced driver-assistance systems for connected cars to assist the drivers using advanced technologies.

An increase in efforts by governments to develop intelligent transportation systems will drive the connected car market. During the period, government efforts for the development of connected and autonomous cars contributed to the connected car market’s growth. For instance, in the UK, government efforts were significant for the development of connected cars. The government in the UK has invested £40 million (US$50 million) schemes for kick-starting commercial autonomous vehicle (AV) services, such as delivery vehicles and passenger shuttles. Additionally, there have been numerous trials and they have introduced new legislation to promote the deployment of connected cars. By 2030, the UK is expected to benefit from a projected £62 billion ($74.36 billion) in economic benefits from deploying connected and autonomous vehicles.

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The connected cars market covered in this report is segmented –

1) By Product Type: Embedded, Tethered, Integrated

2) By Application: Navigation, Infotainment, Telematics, Combination

3) By Services: Driver Assistance, Safety and Well-Being, Entertainment, Vehicle Management, Mobility Management, Other Services

Connected car companies are increasingly developing new technologies such as autonomous vehicle map software to increase their revenue and also to gain a competitive edge over their rivals. For instance, in 2022, NVIDIA Corporation, an American technology company launched an autonomous vehicles map software, DRIVE Map. It is a multi-modal mapping engine designed to accelerate the deployment of autonomous Level-3 and Level-4 vehicles that can operate without human intervention. After acquiring HD mapping startup, DeepMap last year, Nvidia accelerated the development of DRIVE Map. These startup’s mapping technologies were incorporated into DRIVE Map. The DRIVE Map by Nvidia combines the accuracy of DeepMap survey mapping with the scale of AI-based crowdsourcing.

The connected cars market report table of contents includes:

1. Executive Summary

2. Connected Cars Market Characteristics

3. Connected Cars Market Trends And Strategies

4. Impact Of COVID-19

5. Connected Cars Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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