Sunday, December 8, 2024
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Connected car market expected to see 13.3% CAGR from now through 2030

This could be good news for Apple’s CarPlay: the Connected Car Market is estimated to grow from USS$12.4 billion in 2024 to $26.4 billion by 2030.

This could be good news for Apple’s CarPlay: the Connected Car Market is estimated to grow from USS$12.4 billion in 2024 to $26.4 billion by 2030, at a compound annual growth rate (CAGR) of 13.3%, according to a new report by MarketsandMarkets. 

The research group says that government initiatives towards developing intelligent transportation networks and the growing trend of in-vehicle connectivity solutions are two factors influencing the growth of the worldwide connected car market. Also, the consumer demand for a safer, more convenient, and entertaining driving experience is a significant driver. 

MarketsandMarkets says this aligns with stricter safety regulations and government support for connected car technology. Advancements in 5G infrastructure are crucial for enabling features like real-time traffic updates and autonomous driving. Consequently, the market for linked cars is anticipated to develop significantly, per MarketsandMarkets.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.