Global Connected Car Market Forecast, Q3 2024
Overview: The connected car is poised for significant growth in the future due to rising on-demand services, increased EV penetration, next-generation cellular technology and testing of advanced automotive use cases like C-V2X, assisted driving, etc. The study shows that connected car sales overtook non-connected cars in 2022 itself. China and US will be the front runners in the connected car market by 2030 with 4G cars taking a backseat and 5G remaining dominant.
This detailed report covers connected car sales – by brand, by country, and by network type – to present an in-depth analysis of connected car sales. The study is beneficial for benchmarking automakers in terms of connected car sales, identifying key markets for connected cars, and understanding brand-wise 2G, 3G, 4G, and 5G adoption trends. Currently, we are tracking the connected car market across 10 regions (China, US, UK, Germany, France, Japan, South Korea, India, Rest of Europe (RoE) and Rest of World (RoW)) and 70+ auto brands.
Table of Contents:
- Definition
- Forecast Assumptions
- Pivot Analysis
- Flatfile
Published Date: December 2024
Category
Industry
Automotive
Service
Connected Vehicle, Automotive Connectivity
Report Type
Report
Time Period
Quarterly
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Author
Abhilash Gupta
Dr. Abhilash Gupta is a Research Analyst at Counterpoint Technology Market Research, specializing in the rapidly evolving automotive sector and its surrounding ecosystem. With over 9 years of experience spanning industry, research, and academia, he possesses deep expertise in market research, data analytics, and the integration of emerging technologies such as 5G and AI into the automotive industry. His extensive research background allows him to offer strategic insights that drive the future of connected vehicles and smart mobility solutions. Dr. Gupta holds a Ph.D. in Electrical Engineering from Malaviya National Institute of Technology Jaipur, a Master’s degree in Control Systems from the National Institute of Technology Patna, and a Bachelor’s degree in Electrical Engineering from Rajasthan Technical University.
Rishav Paramanik
Rishav Paramanik is a Research Associate at Counterpoint Technology Market Research, specializing in Smart Automotive, Connectivity, and Telematics Services. With a B.Tech. in Electrical Engineering from KIIT University, he leverages his technical background to contribute research and insights on technological advancements, innovations, and market trends in the evolving automotive industry.
Parv Sharma
Parv is a Senior Analyst with Counterpoint Technology Market Research based out of Gurgaon, India. He has over 10 years of experience at Counterpoint in market research and strategic consulting across the global technology and telecom sectors. He tracks the global semiconductor ecosystem, with a focus on HPC and data center compute, server CPUs, and AI infrastructure — covering competitive dynamics across Intel, AMD, Arm, Nvidia, and hyperscaler custom silicon. His research also spans the smartphone semiconductor ecosystem — including the Application Processor (AP)/SoC market, foundry, node and manufacturing technology, the RFFE ecosystem and value chain, and smartphone Bill of Materials (BoM) analysis — as well as the Automotive and Connected Car value chain. He leads a team driving data analysis and insights and contributes regularly to media coverage on semiconductors and AI infrastructure.