Top 50 Connected Car Market Companies in Globe 2025: Statistics View by Spherical Insights & Consulting
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Connected Car Market Size is projected To Grow from USD 43.36 Billion in 2024 to USD 203.36 Billion by 2035, at a CAGR of 16.71 % during the forecast period 2025–2035. The Connected Car Market offers opportunities in autonomous driving, over-the-air updates, enhanced cybersecurity, AI-driven infotainment, telematics-based insurance, V2X communication, and smart city integration, revolutionizing mobility and delivering seamless, personalized driving experiences.
Introduction
The Connected Car Market represents a transformative shift in the automotive industry, driven by the integration of advanced communication technologies with vehicles. Connected cars enable real-time data exchange between vehicles, infrastructure, and external devices, enhancing safety, efficiency, and convenience for drivers and passengers. Growing adoption of IoT, 5G connectivity, and artificial intelligence is fueling innovation in vehicle-to-everything (V2X) communication, advanced infotainment, and remote diagnostics. Furthermore, rising consumer demand for smart mobility solutions, coupled with stringent government regulations on safety and emissions, is accelerating market growth. Connected cars are emerging as a critical component in the future of autonomous and intelligent transportation ecosystems.
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Connected Car Market Size & Statistics
The Market for Connected Car Size Was Estimated to be Worth USD 43.36 Billion in 2024.
The Market Size is going to Expand at a CAGR of 16.71 % Between 2025 and 2035.
The Global Connected Car Market is Anticipated to Reach USD 203.36 Billion by 2035.
North America is expected to generate the highest demand during the forecast period in the Connected Car Market.
Asia Pacific is expected to grow the fastest during the forecast period in the Connected Car Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Connected Car market. The connected car market in the Asia-Pacific region is growing quickly, fueled by rising automobile sales, urban development, and improvements in digital infrastructure. China, Japan, and South Korea are at the forefront of adoption because of their robust automotive manufacturing sectors and investments in 5G networks, facilitating real-time connectivity and enhanced vehicle-to-everything (V2X) communication. Increasing consumer interest in safety features like advanced driver assistance systems (ADAS) and telematics enhances market growth. Regional governments are advocating for smart transportation projects and enforcing safety regulations, urging car manufacturers to implement connected technologies. Emerging markets, such as India and Southeast Asian countries, present considerable growth opportunities as they focus on enhancing connectivity and automotive innovations.
North America is expected to generate the highest demand during the forecast period in the Connected Car market. North America plays a crucial role in the connected vehicle market, fueled by strong technological infrastructure and significant consumer interest in sophisticated automotive functionalities. The area's robust uptake of 5G networks supports uninterrupted connectivity, allowing real-time vehicle-to-everything (V2X) communication and enhanced driver assistance systems (ADAS). The existence of leading automotive manufacturers, tech firms, and telecom suppliers encourages creativity and partnership. Strict government regulations requiring safety features like telematics and collision avoidance systems drive market expansion. Moreover, the increasing appeal of electric and self-driving vehicles facilitates the incorporation of connected technologies.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Connected Car market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Explore Top 5 Connected Car Startups
1. Connexion - Internet of Vehicles (IoV)
In the automotive industry, the Internet of Things (IoT) evolves into the Internet of Vehicles (IoV), enabling smarter and more connected mobility solutions. Melbourne-based startup Connexion utilizes IoV to develop cloud-based telematics platforms. Their solutions also extend to fleet management and infotainment, enhancing vehicle connectivity and user experience.
2. HAAS Alert - Vehicle-to-Vehicle (V2V)
Vehicle-to-vehicle (V2V) communication addresses the challenge of coordinating both autonomous and human-driven cars while paving the way toward smart cities. US-based startup HAAS Alert provides V2V safety solutions by transmitting real-time alerts to connected and autonomous vehicles, improving road safety and situational awareness.
3. Savari - Vehicle-to-Everything (V2X)
Vehicle-to-everything (V2X) technology is central to the advancement of intelligent transport systems (ITS), enabling seamless communication between vehicles and infrastructure. Californian startup Savari develops hardware and software solutions that integrate Dedicated Short Range Communications (DSRC) sensors and V2X applications, helping automakers equip vehicles with smarter connectivity capabilities.
4. Sensefields - Vehicle-to-Infrastructure (V2I)
Connected cars require interaction with road infrastructure to fully realize their potential. Vehicle-to-infrastructure (V2I) solutions enable communication with traffic signals, road signs, and crossings in real time. Barcelona-based startup Sensefields leverages magnetic wireless sensor technology to capture and process traffic data, improving vehicle behavior monitoring and traffic management.
5. Upstream - Cybersecurity
As vehicles become increasingly connected, cybersecurity emerges as a critical concern. Large volumes of personal and sensitive data are at risk of cyber threats. Israel-based startup Upstream offers advanced cybersecurity solutions tailored to smart mobility, safeguarding connected and autonomous vehicles from hacking and data breaches.
Top 13 Companies Leading the Connected Car Market
- Morris Garage Motor India
- Bosch
- Maruti Suzuki
- Payment24
- Airbiguity
- Harman International
- Continental AG
- Daimler AG
- General Motors
- Hyundai Motor Group
- Volvo
- Ford Motor Company
- Audi
1. Morris Garage Motor India (MG Motor India)
Headquarters: Gurugram, Haryana, India
MG Motor India, a subsidiary of SAIC Motor Corporation, is recognized for integrating advanced connected car technologies in its vehicles. The company offers features such as AI-powered voice assistants, real-time navigation, over-the-air updates, and in-car entertainment systems. MG Motor India is positioning itself as a leader in smart mobility by combining luxury, innovation, and connectivity. Its focus on Internet of Vehicles (IoV) and digital services reflects the growing trend of connected mobility in emerging markets.
2. Bosch
Headquarters: Gerlingen, Germany
Bosch is a global leader in engineering and technology solutions, playing a pivotal role in connected car innovations. The company develops advanced telematics, driver assistance systems, and cloud-based mobility services to enable smart and safe driving experiences. Bosch’s connected car solutions also focus on vehicle-to-everything (V2X) communication, predictive diagnostics, and cybersecurity. Its commitment to intelligent mobility places it at the forefront of shaping the future of connected automotive ecosystems worldwide.
3. Maruti Suzuki
Headquarters: New Delhi, India
Maruti Suzuki, India’s largest automobile manufacturer, has steadily integrated connected car technologies across its models. The company offers telematics-based services, vehicle tracking, real-time diagnostics, and remote access features to enhance driver convenience and safety. With its strong customer base and digital innovation initiatives, Maruti Suzuki is bridging the gap between affordability and smart mobility. Its push toward connected vehicles aligns with India’s growing demand for digitally enabled transport solutions.
4. Payment24
Headquarters: Cape Town, South Africa
Payment24 is a leading global fuel and fleet management technology company offering digital payment and telematics solutions for connected vehicles. Its platform integrates secure in-car payments, real-time data analytics, and fleet management services, enabling seamless connected car experiences. By addressing payment security and operational efficiency, Payment24 contributes to advancing the connected car ecosystem. The company’s innovative solutions are adopted by oil majors, banks, and fleet operators worldwide.
5. Airbiquity
Headquarters: Seattle, Washington, United States
Airbiquity is a pioneer in connected vehicle services, specializing in over-the-air (OTA) software updates and telematics solutions. Its platform, OTAmatic, enables secure and efficient software delivery and lifecycle management for connected vehicles. Airbiquity collaborates with automakers to enhance vehicle safety, infotainment, and performance through continuous digital upgrades. By focusing on data-driven connectivity and cybersecurity, Airbiquity remains a key enabler of next-generation connected mobility solutions.
Are you ready to discover more about the Connected Car market?
The report provides an in-depth analysis of the leading companies operating in the global Connected Car market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Morris Garage Motor India.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Bosch
- Maruti Suzuki
- Payment24
- Airbiguity
- Harman International
- Continental AG
- Daimler AG
- General Motors
- Hyundai Motor Group
Conclusion
The Connected Car Market Size is rapidly transforming the global automotive landscape, redefining how vehicles interact with drivers, infrastructure, and the digital ecosystem. Advancements in IoT, 5G, AI, and V2X communication are driving innovation, enabling safer, smarter, and more personalized mobility solutions. Leading automakers and technology companies are actively investing in connected platforms, cybersecurity, and over-the-air services to meet evolving consumer demands. With growing emphasis on smart mobility, safety, and sustainability, connected cars are set to become an integral part of the intelligent transportation ecosystem, shaping the future of mobility and creating new opportunities for businesses and consumers alike.
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