Through market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights, The Business Research Company’s 2026 market reports provide more actionable and strategically valuable research.
Connected Car Devices Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The connected car devices market has experienced swift expansion in recent times. Its projected scale is set to increase from $93.25 billion in 2025 reaching $108.67 billion by 2026, representing a compound annual growth rate (CAGR) of 16.5%. This historical upward trend is largely driven by factors such as the early integration of GPS technologies, the proliferation of telematics systems, increased reliance on automotive electronics, growing consumer appetite for in-vehicle entertainment options, and the imposition of government safety regulations.
The connected car devices market is poised for substantial expansion over the coming years. By 2030, its size is projected to reach $201.15 billion, reflecting a compound annual growth rate (CAGR) of 16.6%. This anticipated growth during the forecast period is driven by factors such as advancements in autonomous driving, integration with smart city infrastructure, the widespread deployment of 5G connectivity, the increasing adoption of electric vehicles, and heightened cybersecurity efforts. Key trends shaping this period involve the integration of sophisticated telematics devices, the rise of vehicle-to-everything (V2X) communication modules, a growing emphasis on safety-oriented connectivity, the expansion of cloud-based vehicle services, and the increasing implementation of over-the-air updates.
Download A Free Sample Report For Comprehensive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14884&type=smp
Connected Car Devices Market Growth Factors Supporting Long-Term Expansion
The escalating uptake of electric vehicles is projected to drive expansion in the connected car devices market moving ahead. Electric vehicles, or EVs, refer to cars powered by one or more electric motors that utilize energy stored in rechargeable batteries or produced by an integrated fuel cell. Adoption of electric vehicles is increasing owing to multiple drivers, such as rigorous emission standards, heightened recognition of environmental advantages, and cost-effectiveness. In electric vehicles, connected car devices allow remote oversight of battery status, charging processes, and power usage, while offering real-time navigation updates tailored for EVs, which enhances overall performance and driver contentment. As an example, in 2024, the International Energy Agency—a France-based autonomous intergovernmental organization—reported that electric vehicle sales in 2023 climbed by 3.5 million units from 2022, achieving a 35% year-over-year increase. Consequently, the growing acceptance of electric vehicles is fueling the expansion of the connected car devices market.
Connected Car Devices Market Segmentation And Category Breakdown
The connected car devices market covered in this report is segmented –
1) By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian(V2P), Other Modes Of Communication
2) By Technology: Telematics Control Units (TCUs), Infotainment And In-Vehicle Connectivity Systems, V2X Communication Modules (V2V, V2I, V2P, V2C), Connected ADAS And Safety Systems, Remote Diagnostics And Vehicle Monitoring Systems, Over-the-Air (OTA) Update And Software Management Systems
3) By Connectivity: Dedicated Short Range Communication (DSRC), Long Range Or Cellular Network
4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
5) By End-User: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Vehicle-To-Vehicle (V2V): Direct Vehicle Communication, Cooperative Adaptive Cruise Control (CACC), Collision Avoidance Systems, Platooning
2) By Vehicle-To-Infrastructure (V2I): Traffic Signal Communication, Roadside Unit Communication (RSU), Smart Traffic Management, Toll Collection Systems, Parking Management
3) By Vehicle-To-Pedestrian (V2P): Pedestrian Safety Alerts, Crosswalk Communication, Pedestrian Detection Systems
4) By Other Modes Of Communication: Vehicle-To-Cloud (V2C), Vehicle-To-Device (V2D)
Connected Car Devices Market Growth Trends Influencing Competitive Dynamics
Leading players in the connected car devices industry are concentrating their efforts on advancing technologies like intelligent vehicle communication platforms, which aim to improve road safety, optimize traffic flow, and boost overall connectivity. Such systems allow cars to communicate with each other, infrastructure, pedestrians, and networks, thereby refining driving conditions and minimizing the occurrence of accidents. As a case in point, Verizon Business, a telecommunications and networking firm headquartered in the United States, unveiled a Vehicle-to-Everything connected-driving platform in April 2025, already securing multiple customers. This technology combines sophisticated connectivity, real-time data analysis, and robust security measures to deliver safer, more efficient, and seamlessly connected driving encounters. Drawing on its network backbone and cloud-based capabilities, Verizon’s offering facilitates scalable adoption by fleet operators, smart city initiatives, and automotive manufacturers, thereby promoting the worldwide uptake of connected mobility solutions.
Connected Car Devices Market Leading Companies: Who Holds Significant Market Presence?
Major companies operating in the connected car devices market report include Volkswagen AG, Toyota Motor Corporation, General Motors Company, Robert Bosch GmbH, Tesla Inc., Intel Corporation, Panasonic Corporation, Denso Corporation, Nvidia Corporation, Qualcomm Incorporated, Continental AG, Porsche AG, Magna International Inc., Valeo SA, Infineon Technologies AG, Autoliv Inc., Harman International Industries Incorporated, Garmin Ltd., Visteon Corporation, TomTom N.V., Sierra Wireless Inc., Delphi Technologies, Autotalks Ltd.
Access The Complete Connected Car Devices Market Report:
https://www.thebusinessresearchcompany.com/report/connected-car-devices-global-market-report
#Connected Car Devices Market Largest Region: Which Geography Holds The Highest Market Share?
Asia-Pacific was the largest region in the connected car devices market in 2025. It is expected to be the fastest-growing region in the forecast period. The regions covered in the connected car devices market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Access a Customized Connected Car Devices Market Report for Deeper Competitive Insights
https://www.thebusinessresearchcompany.com/sample.aspx?id=14884&type=smp
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.