Home > > Global Connected Cars Market Report
The Connected Cars market was valued at $96.7 Million in 2022, and is projected to reach $1,148.5 Million by 2032 growing at a CAGR of 28.14% from 2023 to 2032.The connected car market is driven by the increasing demand for advanced safety features and enhanced in-car connectivity. As consumer demand for these features grows, there are opportunities for companies to develop and sell new technologies and services, such as advanced driver assistance systems (ADAS), infotainment systems, and vehicle-to-everything (V2X) communication. One trend in the connected car market is the increasing use of artificial intelligence (AI) and machine learning to improve the performance and capabilities of these systems. In terms of top companies, many automobile manufacturers, such as Toyota, BMW, and Tesla, have made significant investments in connected car technologies and are at the forefront of developments in this field. There are also a number of technology companies, such as Google and Apple, that have entered the connected car market through the development of software and services for in-car systems.