The Connected Car Devices Market is to Touch $303.45 Billion by 2030; Expansion of 5G networks enabling faster data transfer in vehicles and Growing demand for vehicle-to-everything (V2X) communication systems propel market growth.

The Connected Car Devices Market size is estimated to reach $303.45 billion by 2030, growing at a CAGR of 14.4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Connected Car Devices Market – By Connectivity (Wi-Fi, Bluetooth, Dedicated Short Rane Communication (DSRC), 3G, 4G, 5G, Others), By Type of Interaction (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Grid (V3G), Vehicle to Cloud (V2C), Vehicle to Pedestrian (V2P), Vehicle to Device (V2D), Others), By Technology (Driver Assistance Systems, Telematics, Others), By Features (Navigation, System Diagnosis, Safety and Security, Vehicle Fleet Management, Infotainment, Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Transponder (Roadside Unit, Onboard Unit), By End Market (OEM, Aftermarket), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Increasing demand for enhanced in-car connectivity and infotainment systems and Growing consumer preference for advanced driver assistance systems (ADAS) are fueling the growth of the Connected Car Devices industry during the forecast period.

North America accounted for the largest share of 40% of the Connected Car Devices Market in 2023. Increasing demand for advanced safety features, such as driver assistance systems and real-time monitoring drive the Connected Car Devices market in North America. Cisco forecasts that by 2030, connected cars will make up 95% of all vehicles on the road, generating 25 gigabytes of data per hour — equivalent to streaming 578 hours of music. Consumer demand for seamless in-car connectivity, including smartphone and smart home device integration, accelerates growth. Additionally, regulatory support for vehicle safety standards and ongoing automotive technology advancements further support market expansion.

The rise in smartphone-connected car applications is driven by increasing consumer demand for enhanced convenience and seamless integration with daily life. Smartphones offer drivers easy access to a range of features, including navigation, remote vehicle control, and entertainment systems, all within a single device. The growing preference for personalized in-car experiences, along with advancements in mobile connectivity, is pushing automakers to adopt smartphone integration. This trend enhances driver safety and comfort while optimizing the overall driving experience. As technology evolves, the integration of smartphones with vehicles will continue to redefine convenience in the automotive industry.

The rising adoption of electric vehicles (EVs) integrated with connected technologies is driven by the growing consumer demand for sustainable transportation solutions and enhanced user experiences. Connected features, such as real-time vehicle monitoring, autonomous driving capabilities, and seamless integration with smart infrastructure, offer greater convenience and efficiency. Additionally, advancements in EV battery technology and the expansion of charging networks further support the transition to electric mobility. Government incentives and increasing environmental awareness are also contributing to the shift, encouraging consumers and businesses to embrace EVs. This trend is poised to drive innovation and reshape the automotive industry in the coming years.