Connected Car Market Report: Trends, Forecast and Competitive Analysis

Trends, opportunities and forecast in connected car market to 2024 by service (connected services, safety and security, and autonomous driving), network (dedicated short-range communications (DSRC) and cellular), transponder (on-board unit (OBU), and roadside unit (RSU), form (embedded, tethered, and integrated), hardware (smart antenna, display, electronic control unit (ECU), and sensors), end use industry (original equipment manufacturer (OEM) and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Publisher: Lucintel Published: May 2026
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Connected Car Market Report: Trends, Forecast and Competitive Analysis

Report Feature

The future of the connected car market looks promising with opportunities in the passenger car and commercial vehicle markets. The connected car market is expected to grow with a CAGR of 15% from 2019 to 2024. The major drivers for this market are rise in the demand for safer, more efficient, and convenient driving, increasing consumer demand for connectivity solutions, and growing tech-savvy population.

A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of cleaning robot market report download the report brochure.








 


The study includes a forecast for the connected car market by service, network, transponder, form, hardware, end use industry, and region as follows:

By Service [$M shipment analysis for 2013 - 2024]:
  • Connected Service
  • Safety and Security
  • Autonomous Driving

By Network [$M shipment analysis for 2013 - 2024]:
  • Dedicated Short-Range Communications (DSRC)
  • Cellular

By Transponder [$M shipment analysis for 2013 - 2024]:
  • On-Board Unit (OBU)
  • Roadside Unit (RSU)

By Form [$M shipment analysis for 2013 - 2024]:
  • Embedded
  • Tethered
  • Integrated

By Hardware [$M shipment analysis for 2013 - 2024]:
  • Smart antenna
  • Display
  • Electronic Control Unit (ECU)
  • Sensors

By End Use Industry [$M shipment analysis for 2013 - 2024]:
  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Region [$M shipment analysis for 2013 - 2024]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • Rest of the World

Some of the Connected Car companies profiled in this report include Continental, Delphi, Bosch, Harman, NXP, Infineon, ZF, Valeo, Aisin Seiki, Hella.

Some of the features of connected car Market Report: Trends, Forecast, and Opportunity Analysis include:
  • Market size estimates: Connected Car market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various applications such as by service, network, transponder, form, hardware, application, end use industry, and region.
  • Regional analysis: Connected Car market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for connected car in the connected car market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, connected car in the connected car market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

3.3.1 Connected services 3.3.2 Safety and security 3.3.3 Autonomous driving

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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