· Event impact
Connected Vehicle Market to Reach $129.2 Billion by 2035
Transmission path
Strong long-term growth forecasts for the connected vehicle market indicate a significant opportunity for companies involved in automotive technology, semiconductors, and telecommunications, potentially driving investment and sector-specific valuations.
Market mechanism
Strong long-term growth forecasts for the connected vehicle market indicate a significant opportunity for companies involved in automotive technology, semiconductors, and telecommunications, potentially driving investment and sector-specific valuations.
Extended read
The global connected vehicle technology market is anticipated to experience robust growth, expanding from $45.3 billion in 2025 to $129.2 billion by 2035, at an impressive CAGR of 11.4%. This growth is primarily fueled by the increasing adoption of Advanced Driver-Assistance Systems (ADAS), the ongoing rollout of 5G networks, and the proliferation of electric vehicles. Embedded systems are expected to hold a 42% market share, while Vehicle-to-Vehicle (V2V) communication will account for 35.8% of the market.
Exposed assets
MSFT · QCOM · NXPI
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