Selected research
Industry Growth & Trends
Global Connected Vehicles Industry Growth and Trends Forecast to 2032
Market perspective
According to APO Research, the global Connected Vehicles market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Connected Vehicles is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Connected Vehicles is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Connected Vehicles is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global companies in the Connected Vehicles market include BMW, Broadcom, Chrysler, Benz, Daimler, Volkswagen, Hyundai Motor, Honda and Volvo, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Connected Vehicles market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Connected Vehicles market size, estimates, and forecasts are presented in terms of revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Connected Vehicles market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Connected Vehicles.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading companies in the global Connected Vehicles market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue and gross margin data by manufacturer for 2021-2026, enabling benchmarking of scale, profitability, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Connected Vehicles Market by Company
BMW
Broadcom
Chrysler
Benz
Daimler
Volkswagen
Hyundai Motor
Honda
Volvo
Luxoft
Qualcomm
Toyota
Garmin
Connected Vehicles Segment by Type
Embedded Connected Vehicles
Tethered Connected Vehicles
Integrated Connected Vehicles
Connected Vehicles Segment by Application
Car
Train
Other
Connected Vehicles Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Connected Vehicles market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Connected Vehicles and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Connected Vehicles.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2021-2025, 2026-2031). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Connected Vehicles companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
More report detail
Tables and figures
Scope & coverage.
Types
- Embedded Connected Vehicles
- Tethered Connected Vehicles
- Integrated Connected Vehicles
Applications
- Car
- Train
- Other
Companies covered
- BMW
- Broadcom
- Chrysler
- Benz
- Daimler
- Volkswagen
- Hyundai Motor
- Honda
- Volvo
- Luxoft
- Qualcomm
- Toyota
- Garmin
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.3 Global Connected Vehicles Market Size Overview by Region 2021 VS 2025 VS 2032
- 1.4 Global Connected Vehicles Market Size by Region (2021-2032)
- 1.4.1 Global Connected Vehicles Market Size by Region (2021-2026)
- 1.4.2 Global Connected Vehicles Market Size by Region (2027-2032)
- 1.5 Key Regions Connected Vehicles Market Size (2021-2032)
- 1.5.1 North America Connected Vehicles Market Size Growth Rate (2021-2032)
- 1.5.2 Europe Connected Vehicles Market Size Growth Rate (2021-2032)
- 1.5.3 Asia-Pacific Connected Vehicles Market Size Growth Rate (2021-2032)
- 1.5.4 South America Connected Vehicles Market Size Growth Rate (2021-2032)
- 1.5.5 Middle East & Africa Connected Vehicles Market Size Growth Rate (2021-2032)
2 Connected Vehicles Market by Type
- 2.1 Type Introduction
- 2.1.1 Embedded Connected Vehicles
- 2.1.2 Tethered Connected Vehicles
- 2.1.3 Integrated Connected Vehicles
- 2.2 Global Connected Vehicles Market Size by Type
- 2.2.1 Global Connected Vehicles Market Size Overview by Type (2021-2032)
- 2.2.2 Global Connected Vehicles Historic Market Size Review by Type (2021-2026)
- 2.2.3 Global Connected Vehicles Market Size Forecasted by Type (2027-2032)
- 2.3 Global Connected Vehicles Market Size by Regions
- 2.3.1 North America Connected Vehicles Market Size Breakdown by Type (2021-2026)
- 2.3.2 Europe Connected Vehicles Market Size Breakdown by Type (2021-2026)
- 2.3.3 Asia-Pacific Connected Vehicles Market Size Breakdown by Type (2021-2026)
- 2.3.4 South America Connected Vehicles Market Size Breakdown by Type (2021-2026)
- 2.3.5 Middle East and Africa Connected Vehicles Market Size Breakdown by Type (2021-2026)
3 Connected Vehicles Market by Application
- 3.1 Type Introduction
- 3.1.1 Car
- 3.1.2 Train
- 3.1.3 Other
- 3.2 Global Connected Vehicles Market Size by Application
- 3.2.1 Global Connected Vehicles Market Size Overview by Application (2021-2032)
- 3.2.2 Global Connected Vehicles Historic Market Size Review by Application (2021-2026)
- 3.2.3 Global Connected Vehicles Market Size Forecasted by Application (2027-2032)
- 3.3 Global Connected Vehicles Market Size by Regions
- 3.3.1 North America Connected Vehicles Market Size Breakdown by Application (2021-2026)
- 3.3.2 Europe Connected Vehicles Market Size Breakdown by Application (2021-2026)
- 3.3.3 Asia-Pacific Connected Vehicles Market Size Breakdown by Application (2021-2026)
- 3.3.4 South America Connected Vehicles Market Size Breakdown by Application (2021-2026)
- 3.3.5 Middle East and Africa Connected Vehicles Market Size Breakdown by Application (2021-2026)
4 Global Market Dynamics
- 4.1 Connected Vehicles Industry Trends
- 4.2 Connected Vehicles Industry Drivers
- 4.3 Connected Vehicles Industry Opportunities and Challenges
- 4.4 Connected Vehicles Industry Restraints
5 Competitive Insights by Company
- 5.1 Global Top Players by Connected Vehicles Revenue (2021-2026)
- 5.2 Global Connected Vehicles Industry Company Ranking, 2024 VS 2025 VS 2026
- 5.3 Global Connected Vehicles Key Company Headquarters & Area Served
- 5.4 Global Connected Vehicles Company, Product Type & Application
- 5.5 Global Connected Vehicles Company Commercialization Time
- 5.6 Market Competitive Analysis
- 5.6.1 Global Connected Vehicles Market CR5 and HHI
- 5.6.2 Global Top 5 and 10 Connected Vehicles Players Market Share by Revenue in 2025
- 5.6.3 2025 Connected Vehicles Tier 1, Tier 2, and Tier 3
6 Company Profiles
- 6.1 BMW
- 6.1.1 BMW Company Information
- 6.1.2 BMW Business Overview
- 6.1.3 BMW Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.1.4 BMW Connected Vehicles Product Portfolio
- 6.1.5 BMW Recent Developments
- 6.2 Broadcom
- 6.2.1 Broadcom Company Information
- 6.2.2 Broadcom Business Overview
- 6.2.3 Broadcom Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.2.4 Broadcom Connected Vehicles Product Portfolio
- 6.2.5 Broadcom Recent Developments
- 6.3 Chrysler
- 6.3.1 Chrysler Company Information
- 6.3.2 Chrysler Business Overview
- 6.3.3 Chrysler Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.3.4 Chrysler Connected Vehicles Product Portfolio
- 6.3.5 Chrysler Recent Developments
- 6.4 Benz
- 6.4.1 Benz Company Information
- 6.4.2 Benz Business Overview
- 6.4.3 Benz Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.4.4 Benz Connected Vehicles Product Portfolio
- 6.4.5 Benz Recent Developments
- 6.5 Daimler
- 6.5.1 Daimler Company Information
- 6.5.2 Daimler Business Overview
- 6.5.3 Daimler Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.5.4 Daimler Connected Vehicles Product Portfolio
- 6.5.5 Daimler Recent Developments
- 6.6 Volkswagen
- 6.6.1 Volkswagen Company Information
- 6.6.2 Volkswagen Business Overview
- 6.6.3 Volkswagen Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.6.4 Volkswagen Connected Vehicles Product Portfolio
- 6.6.5 Volkswagen Recent Developments
- 6.7 Hyundai Motor
- 6.7.1 Hyundai Motor Company Information
- 6.7.2 Hyundai Motor Business Overview
- 6.7.3 Hyundai Motor Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.7.4 Hyundai Motor Connected Vehicles Product Portfolio
- 6.7.5 Hyundai Motor Recent Developments
- 6.8 Honda
- 6.8.1 Honda Company Information
- 6.8.2 Honda Business Overview
- 6.8.3 Honda Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.8.4 Honda Connected Vehicles Product Portfolio
- 6.8.5 Honda Recent Developments
- 6.9 Volvo
- 6.9.1 Volvo Company Information
- 6.9.2 Volvo Business Overview
- 6.9.3 Volvo Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.9.4 Volvo Connected Vehicles Product Portfolio
- 6.9.5 Volvo Recent Developments
- 6.10 Luxoft
- 6.10.1 Luxoft Company Information
- 6.10.2 Luxoft Business Overview
- 6.10.3 Luxoft Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.10.4 Luxoft Connected Vehicles Product Portfolio
- 6.10.5 Luxoft Recent Developments
- 6.11 Qualcomm
- 6.11.1 Qualcomm Company Information
- 6.11.2 Qualcomm Business Overview
- 6.11.3 Qualcomm Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.11.4 Qualcomm Connected Vehicles Product Portfolio
- 6.11.5 Qualcomm Recent Developments
- 6.12 Toyota
- 6.12.1 Toyota Company Information
- 6.12.2 Toyota Business Overview
- 6.12.3 Toyota Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.12.4 Toyota Connected Vehicles Product Portfolio
- 6.12.5 Toyota Recent Developments
- 6.13 Garmin
- 6.13.1 Garmin Company Information
- 6.13.2 Garmin Business Overview
- 6.13.3 Garmin Connected Vehicles Revenue, Global Share and Gross Margin (2021-2026)
- 6.13.4 Garmin Connected Vehicles Product Portfolio
- 6.13.5 Garmin Recent Developments
7 North America
- 7.1 North America Connected Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2 North America Connected Vehicles Market Size by Country (2021-2026)
- 7.3 North America Connected Vehicles Market Size Forecast by Country (2027-2032)
8 Europe
- 8.1 Europe Connected Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2 Europe Connected Vehicles Market Size by Country (2021-2026)
- 8.3 Europe Connected Vehicles Market Size Forecast by Country (2027-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Connected Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2 Asia-Pacific Connected Vehicles Market Size by Country (2021-2026)
- 9.3 Asia-Pacific Connected Vehicles Market Size Forecast by Country (2027-2032)
10 South America
- 10.1 South America Connected Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2 South America Connected Vehicles Market Size by Country (2021-2026)
- 10.3 South America Connected Vehicles Market Size Forecast by Country (2027-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Connected Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2 Middle East & Africa Connected Vehicles Market Size by Country (2021-2026)
- 11.3 Middle East & Africa Connected Vehicles Market Size Forecast by Country (2027-2032)
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
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