Global Connected Car Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Communication Type;

V2V, V2I, and V2P.

By Product Type;

Driver Assistance System (DAS), and Telematics.

By Vehicle Type;

IC Engine, Electric, and Fuel Cell Vehicle.

By End-User Type;

OEM, and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn273274364 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Connected Car Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Connected Car Devices Market was valued at USD 32,681.45 million. The size of this market is expected to increase to USD 54,574.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

The global connected car devices market has been experiencing significant growth in recent years, driven by the increasing integration of advanced technology in the automotive sector. Connected car devices refer to the hardware and software systems installed in vehicles to enhance connectivity and enable communication between the car, the driver, and external networks. These devices allow vehicles to interact with other vehicles, infrastructure, and cloud-based services, enabling a range of functionalities such as navigation, real-time traffic updates, remote diagnostics, entertainment, and enhanced safety features. As consumer demand for smarter, safer, and more convenient driving experiences continues to rise, the connected car devices market is expected to evolve rapidly.

The automotive industry’s shift towards autonomous driving and electric vehicles has further accelerated the adoption of connected car technology. With the advent of 5G networks, which promise higher data speeds and more reliable connectivity, the potential for connected car devices has expanded beyond traditional telematics to include features like advanced driver assistance systems (ADAS), vehicle-to-everything (V2X) communication, and in-car Internet of Things (IoT) applications. These innovations are transforming the driving experience by improving vehicle performance, increasing safety, and offering personalized in-car services that cater to the unique needs of drivers and passengers.

In addition to the technological advancements, regulatory initiatives aimed at enhancing vehicle safety and environmental sustainability have also influenced the growth of the connected car devices market. Governments across the globe are mandating the integration of connected devices in vehicles to meet safety standards, reduce accidents, and improve overall road safety. The implementation of features such as emergency call systems (eCall) and driver assistance technologies aligns with these regulatory efforts, making connected car devices not just a luxury but a necessity in modern vehicles.

The connected car devices market is also witnessing increased investment from both automakers and technology companies, as they aim to capitalize on the growing demand for smart automotive solutions. This investment has led to partnerships between traditional automotive manufacturers and tech giants, driving innovation in the development of new products and services. However, the market also faces challenges, including data privacy concerns, cybersecurity risks, and the complexity of integrating various technologies across different vehicle models. Despite these challenges, the global connected car devices market is poised for continued growth, driven by advancements in technology, consumer demand, and regulatory frameworks.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Communication Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By End-User Type
    5. Market Snapshot, By Region
  4. Global Connected Car Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for in-vehicle connectivity
        2. Advancements in 5G technology
        3. Rising safety and security concerns
      2. Restraints
        1. High cost of connected car devices
        2. Data privacy and security concerns
        3. Lack of standardized communication protocols
      3. Opportunities
        1. Growth of autonomous vehicles
        2. Expansion of smart transportation systems
        3. Integration with wearable devices and smart homes
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Connected Car Devices Market, By Communication Type, 2021 - 2031 (USD Million)
      1. V2V
      2. V2I
      3. V2P
    2. Global Connected Car Devices Market, By Product Type, 2021 - 2031 (USD Million)
      1. Driver Assistance System (DAS)
      2. Telematics
    3. Global Connected Car Devices Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. IC Engine
      2. Electric
      3. Fuel Cell Vehicle
    4. Global Connected Car Devices Market, By End-User Type, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    5. Global Connected Car Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Continental AG
      2. Denso Corporation
      3. Robert Bosch GmbH
      4. ZF Friedrichshafen AG
      5. Autoliv Inc.
      6. Valeo SA
      7. Autotalks Ltd.
      8. Harman International Industries Incorporated
  7. Analyst Views
  8. Future Outlook of the Market