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Industry Research
Connected Vehicles Industry Research Report 2026
Market perspective
The global Connected Vehicles market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Connected Vehicles market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Connected Vehicles market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Connected Vehicles market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Connected Vehicles 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
Read the full market overview
This report quantifies the global Connected Vehicles market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Connected Vehicles.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
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 volume and 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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. 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 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Connected Vehicles companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Connected Vehicles by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Embedded Connected Vehicles
- 2.2.3 Tethered Connected Vehicles
- 2.2.4 Integrated Connected Vehicles
- 2.3 Connected Vehicles by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Car
- 2.3.3 Train
- 2.3.4 Other
- 2.4 Assumptions and Limitations
3 Connected Vehicles Breakdown Data by Type
- 3.1 Global Connected Vehicles Historic Market Size by Type (2021-2026)
- 3.2 Global Connected Vehicles Forecasted Market Size by Type (2027-2032)
4 Connected Vehicles Breakdown Data by Application
- 4.1 Global Connected Vehicles Historic Market Size by Application (2021-2026)
- 4.2 Global Connected Vehicles Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Connected Vehicles Market Perspective (2021-2032)
- 5.2 Global Connected Vehicles Growth Trends by Region
- 5.2.1 Global Connected Vehicles Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Connected Vehicles Historic Market Size by Region (2021-2026)
- 5.2.3 Connected Vehicles Forecasted Market Size by Region (2027-2032)
- 5.3 Connected Vehicles Market Dynamics
- 5.3.1 Connected Vehicles Industry Trends
- 5.3.2 Connected Vehicles Market Drivers
- 5.3.3 Connected Vehicles Market Challenges
- 5.3.4 Connected Vehicles Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Connected Vehicles Players by Revenue
- 6.1.1 Global Top Connected Vehicles Players by Revenue (2021-2026)
- 6.1.2 Global Connected Vehicles Revenue Market Share by Players (2021-2026)
- 6.2 Global Connected Vehicles Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Connected Vehicles Head Office and Area Served
- 6.4 Global Connected Vehicles Players, Product Type & Application
- 6.5 Global Connected Vehicles Manufacturers Established Date
- 6.6 Global Connected Vehicles Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Connected Vehicles Market Size (2021-2032)
- 7.2 North America Connected Vehicles Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Connected Vehicles Market Size by Country (2021-2026)
- 7.4 North America Connected Vehicles Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Connected Vehicles Market Size (2021-2032)
- 8.2 Europe Connected Vehicles Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Connected Vehicles Market Size by Country (2021-2026)
- 8.4 Europe Connected Vehicles Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Connected Vehicles Market Size (2021-2032)
- 9.2 Asia-Pacific Connected Vehicles Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Connected Vehicles Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Connected Vehicles Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Connected Vehicles Market Size (2021-2032)
- 10.2 South America Connected Vehicles Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Connected Vehicles Market Size by Country (2021-2026)
- 10.4 South America Connected Vehicles Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Connected Vehicles Market Size (2021-2032)
- 11.2 Middle East & Africa Connected Vehicles Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Connected Vehicles Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Connected Vehicles Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 BMW
- 12.1.1 BMW Company Information
- 12.1.2 BMW Business Overview
- 12.1.3 BMW Revenue in Connected Vehicles Business (2021-2026)
- 12.1.4 BMW Connected Vehicles Product Portfolio
- 12.1.5 BMW Recent Developments
- 12.2 Broadcom
- 12.2.1 Broadcom Company Information
- 12.2.2 Broadcom Business Overview
- 12.2.3 Broadcom Revenue in Connected Vehicles Business (2021-2026)
- 12.2.4 Broadcom Connected Vehicles Product Portfolio
- 12.2.5 Broadcom Recent Developments
- 12.3 Chrysler
- 12.3.1 Chrysler Company Information
- 12.3.2 Chrysler Business Overview
- 12.3.3 Chrysler Revenue in Connected Vehicles Business (2021-2026)
- 12.3.4 Chrysler Connected Vehicles Product Portfolio
- 12.3.5 Chrysler Recent Developments
- 12.4 Benz
- 12.4.1 Benz Company Information
- 12.4.2 Benz Business Overview
- 12.4.3 Benz Revenue in Connected Vehicles Business (2021-2026)
- 12.4.4 Benz Connected Vehicles Product Portfolio
- 12.4.5 Benz Recent Developments
- 12.5 Daimler
- 12.5.1 Daimler Company Information
- 12.5.2 Daimler Business Overview
- 12.5.3 Daimler Revenue in Connected Vehicles Business (2021-2026)
- 12.5.4 Daimler Connected Vehicles Product Portfolio
- 12.5.5 Daimler Recent Developments
- 12.6 Volkswagen
- 12.6.1 Volkswagen Company Information
- 12.6.2 Volkswagen Business Overview
- 12.6.3 Volkswagen Revenue in Connected Vehicles Business (2021-2026)
- 12.6.4 Volkswagen Connected Vehicles Product Portfolio
- 12.6.5 Volkswagen Recent Developments
- 12.7 Hyundai Motor
- 12.7.1 Hyundai Motor Company Information
- 12.7.2 Hyundai Motor Business Overview
- 12.7.3 Hyundai Motor Revenue in Connected Vehicles Business (2021-2026)
- 12.7.4 Hyundai Motor Connected Vehicles Product Portfolio
- 12.7.5 Hyundai Motor Recent Developments
- 12.8 Honda
- 12.8.1 Honda Company Information
- 12.8.2 Honda Business Overview
- 12.8.3 Honda Revenue in Connected Vehicles Business (2021-2026)
- 12.8.4 Honda Connected Vehicles Product Portfolio
- 12.8.5 Honda Recent Developments
- 12.9 Volvo
- 12.9.1 Volvo Company Information
- 12.9.2 Volvo Business Overview
- 12.9.3 Volvo Revenue in Connected Vehicles Business (2021-2026)
- 12.9.4 Volvo Connected Vehicles Product Portfolio
- 12.9.5 Volvo Recent Developments
- 12.10 Luxoft
- 12.10.1 Luxoft Company Information
- 12.10.2 Luxoft Business Overview
- 12.10.3 Luxoft Revenue in Connected Vehicles Business (2021-2026)
- 12.10.4 Luxoft Connected Vehicles Product Portfolio
- 12.10.5 Luxoft Recent Developments
- 12.11 Qualcomm
- 12.11.1 Qualcomm Company Information
- 12.11.2 Qualcomm Business Overview
- 12.11.3 Qualcomm Revenue in Connected Vehicles Business (2021-2026)
- 12.11.4 Qualcomm Connected Vehicles Product Portfolio
- 12.11.5 Qualcomm Recent Developments
- 12.12 Toyota
- 12.12.1 Toyota Company Information
- 12.12.2 Toyota Business Overview
- 12.12.3 Toyota Revenue in Connected Vehicles Business (2021-2026)
- 12.12.4 Toyota Connected Vehicles Product Portfolio
- 12.12.5 Toyota Recent Developments
- 12.13 Garmin
- 12.13.1 Garmin Company Information
- 12.13.2 Garmin Business Overview
- 12.13.3 Garmin Revenue in Connected Vehicles Business (2021-2026)
- 12.13.4 Garmin Connected Vehicles Product Portfolio
- 12.13.5 Garmin Recent Developments
13 Report Conclusion
14 Disclaimer
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