· Event impact
Connected Vehicle Market to Reach $129.2Bn by 2035
Transmission path
Strong market growth forecasts for connected vehicle technology indicate increasing demand for related components and services, benefiting companies positioned in ADAS, 5G, and EV ecosystems.
Market mechanism
Strong market growth forecasts for connected vehicle technology indicate increasing demand for related components and services, benefiting companies positioned in ADAS, 5G, and EV ecosystems.
Extended read
The global connected vehicle technology market is forecast for substantial growth, expanding from $45.3 billion in 2025 to $129.2 billion by 2035, achieving an 11.4% CAGR. This expansion is primarily attributed to the increasing adoption of Advanced Driver-Assistance Systems (ADAS), the ongoing rollout of 5G networks, and the proliferation of electric vehicles. Within this market, embedded systems are expected to capture a 42% share, while Vehicle-to-Vehicle (V2V) communication will account for 35.8%. This outlook suggests a robust demand environment for companies involved in these technological areas.
Exposed assets
APTV · QCOM · MSFT
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