Connected Cars Market Revenue Expected to Reach $214.41 Billion by 2030

 


How Has the Connected Cars Market Performed Historically, and What Are Its Future Growth Projections?
 The connected cars market size has grown rapidly in recent years. It will grow from $105.67 billion in 2025 to $121.23 billion in 2026 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to infotainment system adoption, smartphone integration demand, growth of vehicle sensors, telematics expansion, automotive digitization.
 
 The connected cars market size is expected to see rapid growth in the next few years. It will grow to $214.42 billion in 2030 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to autonomous vehicle roadmap, smart mobility ecosystems, software-defined vehicles, electric vehicle connectivity needs, data-driven mobility services. Major trends in the forecast period include growth of embedded connectivity platforms, expansion of adas integration, demand for real-time vehicle diagnostics, rise of in-car digital services, adoption of v2x communication.
 
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 What Are the Major Growth Drivers for the Connected Cars Market?
 Increasing autonomous vehicles are expected to propel the growth of the connected cars market going forward. Autonomous vehicles often referred to as self-driving cars or driverless vehicles are automobiles equipped with advanced sensors, artificial intelligence (AI) systems, and other technologies that enable them to operate and navigate without direct human control. Connected cars serve as an essential foundation for the development and operation of autonomous vehicles that facilitate data exchange, improve navigation, enhance safety, and provide essential support and infrastructure for self-driving cars to operate effectively and safely on the road. For instance, in 2023, according to National Academies Press, a US-based government press, self-driving vehicles are fast approaching commercialization in markets across the world and by 2035, 40% of new cars in the UK could have self-driving capabilities. Therefore, increasing autonomous vehicles drives the connected cars market. 
 
 What Are the Major Segments Defining the Structure of the Connected Cars Market?
 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
 
 Subsegments:
 1) By Embedded: OEM Embedded Systems, Aftermarket Embedded Systems 
 2) By Tethered: Smartphone Tethering, Mobile Hotspot Tethering 
 3) By Integrated: Infotainment Systems, Advanced Driver-Assistance Systems (ADAS), Vehicle-to-Everything (V2X) Communication
 
 Which Future-Ready Trends Are Expected to Influence the Connected Cars Market?
 Major companies operating in the connected cars market are focusing on developing technological advancements such as comprehensive digital vehicle profiles to enhance vehicle data transparency, ownership verification, and lifecycle management. Digital vehicle profiles are secure, centralized records that store a car’s complete history, including manufacturing details, maintenance records, accident history, and ownership transfers. For instance, in May 2025, Hyundai India, an India-based automotive manufacturer, launched a vehicle digital passport for its customers. The digital passport aims to improve vehicle data accessibility, ensure transparency in pre-owned vehicle transactions, enhance aftersales service efficiency, and foster trust between manufacturers, dealers, and owners, driving innovation and digital adoption in the automotive sector. 
 
 Which Companies Hold a Prominent Position in the Connected Cars Market?
 Major companies operating in the connected cars market report include Volkswagen, Toyota Motor Corporation, General Motors, Daimler AG, BMW Group, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Group, Tesla, Renault, Tata Motors Limited, Mahindra and Mahindra Ltd., NIO Inc., XPeng Inc., Geely Automobile Holdings Limited, Nissan Motor Co., Ltd., Mitsubishi Motor Corporation, Audi AG, Fiat Chrysler Automobiles, Mercedes-Benz, SAIC Motor, Dongfeng, FAW, Changan Automobile, Beijing Automotive Group, Brilliance Automotive, Guangzhou Automobile Group, Chery Automobile, Jianghuai Automobile Group (JAC), Stellantis, Jaguar Land Rover, Suzuki Auto South Africa, GAZ Group, Kamaz 
 
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 What Are the Fastest-Growing Regions in the Connected Cars Market?
 Asia-Pacific was the largest region in the connected cars market share in 2025. Western Europe was the second largest region in the global connected cars market. The regions covered in the connected cars market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
 
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