Global Connected Vehicles Market Research Report 2023

The global Connected Vehicles market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Connected Vehicles is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Connected Vehicles is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Connected Vehicles in Car is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Connected Vehicles include BMW, Broadcom, Chrysler, Benz, Daimler, Volkswagen, Hyundai Motor, Honda and Volvo, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Connected Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Connected Vehicles.

The Connected Vehicles market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Connected Vehicles market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Connected Vehicles companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Connected Vehicles Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Embedded Connected Vehicles

1.2.3 Tethered Connected Vehicles

1.2.4 Integrated Connected Vehicles

1.3 Market by Application

1.3.1 Global Connected Vehicles Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Car

1.3.3 Train

1.3.4 Other

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Connected Vehicles Market Perspective (2018-2029)

2.2 Connected Vehicles Growth Trends by Region

2.2.1 Global Connected Vehicles Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Connected Vehicles Historic Market Size by Region (2018-2023)

2.2.3 Connected Vehicles Forecasted Market Size by Region (2024-2029)

2.3 Connected Vehicles Market Dynamics

2.3.1 Connected Vehicles Industry Trends

2.3.2 Connected Vehicles Market Drivers

2.3.3 Connected Vehicles Market Challenges

2.3.4 Connected Vehicles Market Restraints

3.1 Global Top Connected Vehicles Players by Revenue

3.1.1 Global Top Connected Vehicles Players by Revenue (2018-2023)

3.1.2 Global Connected Vehicles Revenue Market Share by Players (2018-2023)

3.2 Global Connected Vehicles Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Connected Vehicles Revenue

3.4 Global Connected Vehicles Market Concentration Ratio

3.4.1 Global Connected Vehicles Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Connected Vehicles Revenue in 2022

3.5 Connected Vehicles Key Players Head office and Area Served

3.6 Key Players Connected Vehicles Product Solution and Service

3.7 Date of Enter into Connected Vehicles Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Connected Vehicles Historic Market Size by Type (2018-2023)

4.2 Global Connected Vehicles Forecasted Market Size by Type (2024-2029)

5.1 Global Connected Vehicles Historic Market Size by Application (2018-2023)

5.2 Global Connected Vehicles Forecasted Market Size by Application (2024-2029)

6.1 North America Connected Vehicles Market Size (2018-2029)

6.2 North America Connected Vehicles Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Connected Vehicles Market Size by Country (2018-2023)

6.4 North America Connected Vehicles Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Connected Vehicles Market Size (2018-2029)

7.2 Europe Connected Vehicles Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Connected Vehicles Market Size by Country (2018-2023)

7.4 Europe Connected Vehicles Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Connected Vehicles Market Size (2018-2029)

8.2 Asia-Pacific Connected Vehicles Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Connected Vehicles Market Size by Region (2018-2023)

8.4 Asia-Pacific Connected Vehicles Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Connected Vehicles Market Size (2018-2029)

9.2 Latin America Connected Vehicles Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Connected Vehicles Market Size by Country (2018-2023)

9.4 Latin America Connected Vehicles Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Connected Vehicles Market Size (2018-2029)

10.2 Middle East & Africa Connected Vehicles Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Connected Vehicles Market Size by Country (2018-2023)

10.4 Middle East & Africa Connected Vehicles Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 BMW

11.1.1 BMW Company Detail

11.1.2 BMW Business Overview

11.1.3 BMW Connected Vehicles Introduction

11.1.4 BMW Revenue in Connected Vehicles Business (2018-2023)

11.1.5 BMW Recent Development

11.2 Broadcom

11.2.1 Broadcom Company Detail

11.2.2 Broadcom Business Overview

11.2.3 Broadcom Connected Vehicles Introduction

11.2.4 Broadcom Revenue in Connected Vehicles Business (2018-2023)

11.2.5 Broadcom Recent Development

11.3 Chrysler

11.3.1 Chrysler Company Detail

11.3.2 Chrysler Business Overview

11.3.3 Chrysler Connected Vehicles Introduction

11.3.4 Chrysler Revenue in Connected Vehicles Business (2018-2023)

11.3.5 Chrysler Recent Development

11.4 Benz

11.4.1 Benz Company Detail

11.4.2 Benz Business Overview

11.4.3 Benz Connected Vehicles Introduction

11.4.4 Benz Revenue in Connected Vehicles Business (2018-2023)

11.4.5 Benz Recent Development

11.5 Daimler

11.5.1 Daimler Company Detail

11.5.2 Daimler Business Overview

11.5.3 Daimler Connected Vehicles Introduction

11.5.4 Daimler Revenue in Connected Vehicles Business (2018-2023)

11.5.5 Daimler Recent Development

11.6 Volkswagen

11.6.1 Volkswagen Company Detail

11.6.2 Volkswagen Business Overview

11.6.3 Volkswagen Connected Vehicles Introduction

11.6.4 Volkswagen Revenue in Connected Vehicles Business (2018-2023)

11.6.5 Volkswagen Recent Development

11.7 Hyundai Motor

11.7.1 Hyundai Motor Company Detail

11.7.2 Hyundai Motor Business Overview

11.7.3 Hyundai Motor Connected Vehicles Introduction

11.7.4 Hyundai Motor Revenue in Connected Vehicles Business (2018-2023)

11.7.5 Hyundai Motor Recent Development

11.8 Honda

11.8.1 Honda Company Detail

11.8.2 Honda Business Overview

11.8.3 Honda Connected Vehicles Introduction

11.8.4 Honda Revenue in Connected Vehicles Business (2018-2023)

11.8.5 Honda Recent Development

11.9 Volvo

11.9.1 Volvo Company Detail

11.9.2 Volvo Business Overview

11.9.3 Volvo Connected Vehicles Introduction

11.9.4 Volvo Revenue in Connected Vehicles Business (2018-2023)

11.9.5 Volvo Recent Development

11.10 Luxoft

11.10.1 Luxoft Company Detail

11.10.2 Luxoft Business Overview

11.10.3 Luxoft Connected Vehicles Introduction

11.10.4 Luxoft Revenue in Connected Vehicles Business (2018-2023)

11.10.5 Luxoft Recent Development

11.11 Qualcomm

11.11.1 Qualcomm Company Detail

11.11.2 Qualcomm Business Overview

11.11.3 Qualcomm Connected Vehicles Introduction

11.11.4 Qualcomm Revenue in Connected Vehicles Business (2018-2023)

11.11.5 Qualcomm Recent Development

11.12 Toyota

11.12.1 Toyota Company Detail

11.12.2 Toyota Business Overview

11.12.3 Toyota Connected Vehicles Introduction

11.12.4 Toyota Revenue in Connected Vehicles Business (2018-2023)

11.12.5 Toyota Recent Development

11.13 Garmin

11.13.1 Garmin Company Detail

11.13.2 Garmin Business Overview

11.13.3 Garmin Connected Vehicles Introduction

11.13.4 Garmin Revenue in Connected Vehicles Business (2018-2023)

11.13.5 Garmin Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Connected Vehicles Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Embedded Connected Vehicles

    Table 3. Key Players of Tethered Connected Vehicles

    Table 4. Key Players of Integrated Connected Vehicles

    Table 5. Global Connected Vehicles Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Connected Vehicles Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Connected Vehicles Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Connected Vehicles Market Share by Region (2018-2023)

    Table 9. Global Connected Vehicles Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Connected Vehicles Market Share by Region (2024-2029)

    Table 11. Connected Vehicles Market Trends

    Table 12. Connected Vehicles Market Drivers

    Table 13. Connected Vehicles Market Challenges

    Table 14. Connected Vehicles Market Restraints

    Table 15. Global Connected Vehicles Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Connected Vehicles Market Share by Players (2018-2023)

    Table 17. Global Top Connected Vehicles Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Connected Vehicles as of 2022)

    Table 18. Ranking of Global Top Connected Vehicles Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Connected Vehicles Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Connected Vehicles Product Solution and Service

    Table 22. Date of Enter into Connected Vehicles Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Connected Vehicles Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Connected Vehicles Revenue Market Share by Type (2018-2023)

    Table 26. Global Connected Vehicles Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Connected Vehicles Revenue Market Share by Type (2024-2029)

    Table 28. Global Connected Vehicles Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Connected Vehicles Revenue Market Share by Application (2018-2023)

    Table 30. Global Connected Vehicles Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Connected Vehicles Revenue Market Share by Application (2024-2029)

    Table 32. North America Connected Vehicles Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Connected Vehicles Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Connected Vehicles Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Connected Vehicles Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Connected Vehicles Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Connected Vehicles Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Connected Vehicles Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Connected Vehicles Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Connected Vehicles Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Connected Vehicles Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Connected Vehicles Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Connected Vehicles Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Connected Vehicles Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Connected Vehicles Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Connected Vehicles Market Size by Country (2024-2029) & (US$ Million)

    Table 47. BMW Company Detail

    Table 48. BMW Business Overview

    Table 49. BMW Connected Vehicles Product

    Table 50. BMW Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 51. BMW Recent Development

    Table 52. Broadcom Company Detail

    Table 53. Broadcom Business Overview

    Table 54. Broadcom Connected Vehicles Product

    Table 55. Broadcom Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 56. Broadcom Recent Development

    Table 57. Chrysler Company Detail

    Table 58. Chrysler Business Overview

    Table 59. Chrysler Connected Vehicles Product

    Table 60. Chrysler Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 61. Chrysler Recent Development

    Table 62. Benz Company Detail

    Table 63. Benz Business Overview

    Table 64. Benz Connected Vehicles Product

    Table 65. Benz Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 66. Benz Recent Development

    Table 67. Daimler Company Detail

    Table 68. Daimler Business Overview

    Table 69. Daimler Connected Vehicles Product

    Table 70. Daimler Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 71. Daimler Recent Development

    Table 72. Volkswagen Company Detail

    Table 73. Volkswagen Business Overview

    Table 74. Volkswagen Connected Vehicles Product

    Table 75. Volkswagen Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 76. Volkswagen Recent Development

    Table 77. Hyundai Motor Company Detail

    Table 78. Hyundai Motor Business Overview

    Table 79. Hyundai Motor Connected Vehicles Product

    Table 80. Hyundai Motor Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 81. Hyundai Motor Recent Development

    Table 82. Honda Company Detail

    Table 83. Honda Business Overview

    Table 84. Honda Connected Vehicles Product

    Table 85. Honda Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 86. Honda Recent Development

    Table 87. Volvo Company Detail

    Table 88. Volvo Business Overview

    Table 89. Volvo Connected Vehicles Product

    Table 90. Volvo Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 91. Volvo Recent Development

    Table 92. Luxoft Company Detail

    Table 93. Luxoft Business Overview

    Table 94. Luxoft Connected Vehicles Product

    Table 95. Luxoft Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 96. Luxoft Recent Development

    Table 97. Qualcomm Company Detail

    Table 98. Qualcomm Business Overview

    Table 99. Qualcomm Connected Vehicles Product

    Table 100. Qualcomm Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 101. Qualcomm Recent Development

    Table 102. Toyota Company Detail

    Table 103. Toyota Business Overview

    Table 104. Toyota Connected Vehicles Product

    Table 105. Toyota Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 106. Toyota Recent Development

    Table 107. Garmin Company Detail

    Table 108. Garmin Business Overview

    Table 109. Garmin Connected Vehicles Product

    Table 110. Garmin Revenue in Connected Vehicles Business (2018-2023) & (US$ Million)

    Table 111. Garmin Recent Development

    Table 112. Research Programs/Design for This Report

    Table 113. Key Data Information from Secondary Sources

    Table 114. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Connected Vehicles Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Connected Vehicles Market Share by Type: 2022 VS 2029

    Figure 3. Embedded Connected Vehicles Features

    Figure 4. Tethered Connected Vehicles Features

    Figure 5. Integrated Connected Vehicles Features

    Figure 6. Global Connected Vehicles Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Connected Vehicles Market Share by Application: 2022 VS 2029

    Figure 8. Car Case Studies

    Figure 9. Train Case Studies

    Figure 10. Other Case Studies

    Figure 11. Connected Vehicles Report Years Considered

    Figure 12. Global Connected Vehicles Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 13. Global Connected Vehicles Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 14. Global Connected Vehicles Market Share by Region: 2022 VS 2029

    Figure 15. Global Connected Vehicles Market Share by Players in 2022

    Figure 16. Global Top Connected Vehicles Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Connected Vehicles as of 2022)

    Figure 17. The Top 10 and 5 Players Market Share by Connected Vehicles Revenue in 2022

    Figure 18. North America Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. North America Connected Vehicles Market Share by Country (2018-2029)

    Figure 20. United States Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Canada Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Connected Vehicles Market Share by Country (2018-2029)

    Figure 24. Germany Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. France Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. U.K. Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Italy Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Russia Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Nordic Countries Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Connected Vehicles Market Share by Region (2018-2029)

    Figure 32. China Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Japan Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. South Korea Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Southeast Asia Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. India Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Australia Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Connected Vehicles Market Share by Country (2018-2029)

    Figure 40. Mexico Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Brazil Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Connected Vehicles Market Share by Country (2018-2029)

    Figure 44. Turkey Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Saudi Arabia Connected Vehicles Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. BMW Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 47. Broadcom Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 48. Chrysler Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 49. Benz Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 50. Daimler Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 51. Volkswagen Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 52. Hyundai Motor Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 53. Honda Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 54. Volvo Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 55. Luxoft Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 56. Qualcomm Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 57. Toyota Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 58. Garmin Revenue Growth Rate in Connected Vehicles Business (2018-2023)

    Figure 59. Bottom-up and Top-down Approaches for This Report

    Figure 60. Data Triangulation

    Figure 61. Key Executives Interviewed