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Classified in: Transportation, Covid-19 virus
Subject: MRR

Connected Car Market to Grow at a CAGR of 26.26% by 2025 | Increasing Internet Penetration & Its Impact on the Connected Cars Market to Boost Growth | 17000+ Technavio Reports

NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The connected car market is set to grow by USD 117.34 billion from 2020 to 2025, progressing at a CAGR of 26.26% according to the latest market report by Technavio.

To know the exact growth variance and the Y-O-Y growth rate - Request a free sample report.

Connected Car Market 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alps Alpine Co. Ltd., BMW Group, Daimler AG, DXC Technology Co., Ford Motor Co., NXP Semiconductors NV, Schaeffler AG, Tesla Inc., Valeo SA, and Volkswagen AG are some of the major market participants.

Connected Car Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our connected car market report covers the following areas:

Connected Car Market 2021-2025:Drivers & Challenges

The increasing internet penetration& its impact on the connected cars market, applications of blockchain technology in connected cars, and the government regulations to increase in-vehicle safety and improvement in safety controls will offer immense growth opportunities. However, the design complexity and technological challenges will hamper the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Connected Car Market 2021-2025: Segmentation

Connected Car Market 2021-2025: Key Regions & Revenue Generating Segment

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Connected Car Market 2021-2025: Key Highlights

Related Reports:
Used Car Market in the US -The used car market size in the US is expected to reach a value of 3.91 million units, at a CAGR of 1.98% during 2021-2025. Download a free sample now!

Luxury Cars Market -The luxury cars market size has the potential to grow by 66.67 thousand units during 2020-2024, and the market's growth momentum will accelerate during the forecast period. Download a free sample now!

Connected Car Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 26.26%

Market growth 2021-2025

USD 117.34 billion

Market structure


YoY growth (%)


Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alps Alpine Co. Ltd., BMW Group, Daimler AG, DXC Technology Co., Ford Motor Co., NXP Semiconductors NV, Schaeffler AG, Tesla Inc., Valeo SA, and Volkswagen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

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