Summary · why it matters
The global connected vehicle technology market is projected to grow from $45.99 billion in 2025 to $84.54 billion by 2030, according to a new report. The market is expected to reach $51.86 billion in 2026, reflecting a compound annual growth rate of 12.8%, and then expand at a CAGR of 13% through 2030. Growth is driven by rising adoption of electric and autonomous vehicles, demand for real-time diagnostics, predictive maintenance, and software-defined vehicle architectures, along with the expansion of 5G networks and smart city infrastructure. North America was the largest market in 2025, while Asia-Pacific is forecast to be the fastest-growing region through 2030. Key companies include Amazon Web Services, Volkswagen, Google, Toyota, Microsoft, Ford, General Motors, BMW, Mercedes-Benz, Honda, Hyundai, Huawei, Tesla, Robert Bosch, Nissan, Kia, IBM, NVIDIA, Cisco, Intel, and Qualcomm.