Global Connected Cars Market Threats, Analysis, Key Players, Growth, and Forecast 2026

Global Connected Cars market valued at $126.4 Billion in 2023 and projected to grow to $725.9 Billion by 2033,registering a CAGR of 17.1% in the forecast period 2023-2033

Global connected cars market to witness high revenue from North America market during forecast period.

Connected cars enables the car owner to connect with all connectivity devices that are inside and in the vicinity of car. Along with wireless LAN, connected cars are equipped with head unit, infotainment unit and in-dash system with monitor. In addition, connected cars have automated driver assistance system, active safety solutions and mechanically monitoring of cars performance.

Implementation of intelligent transportation system, rapid urbanization, adoption of Internet of Things (IoT) and government mandates on telematic applications are expected to drive growth of the global connected car market. Rising consumer demands, need for constant connectivity and increasing dependency on technology are expected to further fuel growth of the global connected car market. In addition, connected cars enables driver to connect to various online platforms and simplify real-time communication on the go.  Advancement in network technology and growing trend for high-tech and luxury cars across developed countries are expected to boost demand for the connected cars during forecast period. Smartphone integration, digital dashboards, teen drivers’ monitoring, GPS system with travel guidance are notable trends in the connected cars market.

Major factors such as lack of standards across connected cars manufacturers and concerns regarding digital safety of personalized data and information is restricting growth of the global connected cars market. Non-availability of uninterrupted and seamless network and additional expenditure for embedding car connection are further holding back demand for this market. Furthermore, high hardware and communication cost and complex user interface can negatively impact growth of the global connected cars market.

The global connected cars market is segmented on the basis of hardware, application, connectivity solution, and region.

North America accounts for largest share in connected cars market, increasing government mandates, high disposable income and presence of major automobile companies are driving growth of connected cars market in this region. Europe holds second position in the connected cars market. Asia-Pacific region is expected to witness prominent growth and a CAGR of XX.X% over the forecast period.

Global connected cars market segmentation by hardware:

 	
Semiconductor components
 	
Connectivity ICS

Global connected cars market segmentation by application:

 	
Telematics
 	
Infotainment
 	
Combined telematics and infotainment

Global connected cars market segmentation by connectivity solution:

 	
Embedded
 	
Tethered
 	
Integrated

Global connected cars market segmentation by region:

 	
North America
 	
Europe
 	
Asia Pacific
 	
Latin America
 	
Middle East & Africa

Key players profiled in the global connected cars market report are: 

 	
Audi AG
 	
General Motors
 	
BMW AG
 	
General Motors Company
 	
Ford Motor Company
 	
Tesla Motors Inc.
 	
Google, Inc.
 	
Volvo Car Corporation
 	
Alcatel Lucent
 	
Delphi Automotive Plc

Report Structure:

In the first section of the report we offer a table of content, followed by a list of figures. The next section offers a definition and brief explanation of the various products and segmentation of the target market, along with a list of acronyms and sources used to gather and analyze data and information.

The third section of the report entails a brief list of drivers, restraints, opportunities, and threats (DROTs) in the target market. The report also offers insights on various trends in regions, countries, and markets as per segmentation, as well as insights and crucial information obtained from various sources including primary and secondary, annual reports, the Internet and others.

The final section comprises detailed profiles of key players in the target market and a SWOT analysis of each company, apart from strategies, acquisitions and mergers.

Objective of Report:

Sections of the report are created and designed specifically to offer readers a clear, clean, and insights into historical, estimated, and revenue (US$ Mn/Bn) estimation and projection, Compounded Annual Growth Rate (CAGR %), and volume in measure as applicable to the target product/market. We offer illustrations, charts, tables, and figures to support our findings and analysis, in addition to key finding for markets in regions and countries.

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