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Asia Pacific Connected Vehicle Market Forecast to 2030
Asia Pacific Connected Vehicle Market Forecast to 2030 – Regional Analysis – by Technology (5G, 4G/LTE, and 3G & 2G), Connectivity (Integrated, Tethered, and Embedded), and Application (Telematics, Infotainment, Driving Assistance, and Others)
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Description
Increasing Smart City Initiatives Fuel Asia Pacific Connected Vehicle Market
The impact of smart cities and infrastructure development on the demand for the connected vehicle market in the coming years is poised to be transformative. As cities across the globe continue to evolve into intelligent, tech-driven urban centers, the synergy between these developments and the connected vehicle market is set to shape the future of urban mobility. The growing emphasis on innovative city initiatives drives investments in infrastructure supporting connected vehicles. These investments encompass the deployment of sensors, data networks, and real-time traffic management systems that create a rich ecosystem of data that is favorable for the connected vehicles industry. Such initiatives are positively impacting the overall development and adoption of smart cities. As smart cities increasingly prioritize environmental sustainability, the demand for connected vehicles, particularly electric and hybrid models, is expected to surge. These cities actively promote eco-friendly transportation options to reduce emissions and combat pollution. Connected vehicles play a pivotal role in this endeavor by offering features such as energy management, remote diagnostics, and optimized charging, all of which contribute to a greener, more sustainable urban transportation ecosystem. As cities continue to incentivize and invest in green mobility solutions, the market demand for connected vehicles with environmentally friendly features is set to grow substantially.
Asia Pacific Connected Vehicle Market Overview
Asia Pacific is home to one of the most dynamic and rapidly evolving automotive industries in the world. As the world’s largest and most populous region, it encompasses a diverse landscape of automotive manufacturers, from established giants to emerging players. Within this vibrant sector, the connected vehicle industry is gaining significant traction and reshaping the way people interact with their vehicles and the transportation ecosystem. A blend of innovation, urbanization, and a growing middle-class population characterizes the connected vehicle industry in Asia Pacific. Leading automakers across the region, including Toyota, Hyundai, and BYD, are investing heavily in integrating advanced connectivity features into their vehicles. For instance, Toyota Corporation invested US$ 600 million in China’s mobility technology company, DiDi, Global.
The region is witnessing substantial growth in electric-connected vehicles, with a focus on energy-efficient routing and intelligent charging solutions. Major countries such as China and India are actively promoting electric mobility, providing incentives for electric vehicle adoption, and supporting the development of charging infrastructure. The robust digital infrastructure in the region, including the deployment of 5G networks, further accelerates the growth of the connected vehicle industry. With high-speed, low-latency connectivity, vehicles can access real-time data, receive over-the-air updates, and communicate seamlessly with other vehicles and infrastructure.
Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Connected Vehicle Market Segmentation
The Asia pacific connected vehicle market is segmented based on technology, connectivity, application, and country.
Based on technology, the Asia pacific connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held the largest market share in 2022.
Based on connectivity, the Asia pacific connected vehicle market is segmented into integrated, tethered, and embedded. The integrated segment held the largest market share in 2022.
Based on application the Asia pacific connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held the largest market share in 2022.
Based on country, the Asia pacific connected vehicle market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia pacific. China dominated the Asia pacific connected vehicle market share in 2022.
AT&T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, Visteon Corp, and Vodafone Group Plc are among the leading companies operating in the Asia pacific connected vehicle market.
Summary Info
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According to the Research Team’ research, the Asia Pacific connected vehicle market was valued at US$ 21,660.03 million in 2022 and is expected to reach US$ 95,193.79 million by 2030, registering a CAGR of 20.3% from 2022 to 2030. Growing advancements in connectivity technology and rising demand for driving assistance system are among the critical factors attributed to the Asia Pacific connected vehicle market expansion.
Advancements in connectivity technology fundamentally reshape the automotive landscape, and their positive impact on the connected vehicle market is notable and far-reaching. These advancements are fueling consumer demand by aligning vehicles with their increasingly connected lives. Consumers expect their cars to offer the same level of connectivity as their smartphones and smart homes. Advancements such as faster and more reliable 4G and 5G networks and enhanced onboard computing power enable a wide range of features that enhance the driving experience. Some features include real-time traffic updates, weather forecasts, seamless smartphone integration, and in-car Wi-Fi. The allure of staying connected while moving is a significant driver of consumer interest in connected vehicles, positively impacting market growth. Key players in the industry are developing and adopting technologies that provide better and more efficient vehicle connectivity. For example, in 2022, Ford Motors started using Snapdragon’s 5G Modem-RF in its pick-up trucks. In the same year, Qualcomm introduced its digital chassis-connected car technologies. Digital Chassis is collection of cloud platforms for vehicle telematics, digital cockpit and advance driver assistance system.
On the contrary, data privacy and security concerns hurdle the growth of Asia Pacific connected vehicle market.
Based on technology, the Asia Pacific connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held 75.6% market share in 2022, amassing US$ 16,375.24 million. It is projected to garner US$ 41,903.76 million by 2030 to expand at 12.5% CAGR during 2022-2030.
In terms of connectivity, the Asia Pacific connected vehicle market is categorized into integrated, tethered, and embedded. The integrated segment held 46.8% share of Asia Pacific connected vehicle market in 2022, amassing US$ 10,144.31 million. It is projected to garner US$ 48,015.47 million by 2030 to expand at 21.4% CAGR during 2022-2030.
By application, the Asia Pacific connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held 35.7% share of Asia Pacific connected vehicle market in 2022, amassing US$ 7,727.87 million. It is projected to garner US$ 32,806.10 million by 2030 to expand at 19.8% CAGR during 2022-2030.
Based on country, the Asia Pacific connected vehicle market has been categorized into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 51.8% share of Asia Pacific connected vehicle market in 2022. It was assessed at US$ 11,228.65 million in 2022 and is likely to hit US$ 47,636.84 million by 2030, exhibiting a CAGR of 19.8% during 2022-2030.
Key players operating in the Asia Pacific connected vehicle market are AT&T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, Visteon Corp, and Vodafone Group Plc, among others.
In January 2023, Visteon and Qualcomm Technologies, Inc. announced plans to expand their technological collaboration by developing a high-performance cockpit domain controller that would enable global automakers to build next-generation cockpits.
In September 2023, Continental and Ethernovia, Inc. have announced a development collaboration to create a high-bandwidth, low-latency switch in an automotive-qualified 7nm process to transport data effectively and securely within software-defined vehicles (SDVs).
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific connected vehicle market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific connected vehicle market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Connected Vehicle Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Automakers and OEMs
4.3.2 Tier 1 Suppliers
4.3.3 Tier 2 and Tier 3 Suppliers
4.3.4 Telecommunications Providers
4.3.5 Technology Providers
4.3.6 Government Regulations and Standards Bodies
4.3.7 Data Providers
4.3.8 Logistics and Distribution
4.3.9 Service and Maintenance Providers
4.3.10 End Users
4.3.11 Aftermarket Providers
5. Asia Pacific Connected Vehicle Market – Key Industry Dynamics
5.1 Connected Vehicle Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing demand for driving assistance system
5.2.2 Advancements in Connectivity Technology
5.3 Market Restraints
5.3.1 Data Privacy and Security Concerns
5.3.2 High Initial Costs and Affordability Concerns
5.4 Market Opportunities
5.4.1 Increasing smart city initiatives
5.4.2 Adoption of Autonomous vehicles
5.5 Future Trends
5.5.1 Connected Car Data Monetization
5.6 Impact of Drivers and Restraints:
6. Asia Pacific Connected Vehicle Market – Country Market Analysis
6.1 Connected Vehicle Market Revenue (US$ Million), 2022 – 2030
6.2 Connected Vehicle Market Forecast and Analysis
7. Asia Pacific Connected Vehicle Market Analysis – Technology
7.1 Connected Vehicle Market, By Technology (2022 and 2030)
7.2 5G
7.2.1 Overview
7.2.2 5G Market, Revenue and Forecast to 2030 (US$ Million)
7.3 4G
7.3.1 Overview
7.3.2 4G Market, Revenue and Forecast to 2030 (US$ Million)
7.4 3G & 2G
7.4.1 Overview
7.4.2 3G & 2G Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Connected Vehicle Market Analysis – Connectivity
8.1 Connected Vehicle Market, By Connectivity (2022 and 2030)
8.2 Integrated
8.2.1 Overview
8.2.2 Integrated Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Tethered
8.3.1 Overview
8.3.2 Tethered Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Embedded
8.4.1 Overview
8.4.2 Embedded Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Connected Vehicle Market Analysis – Application
9.1 Connected Vehicle Market, By Application (2022 and 2030)
9.2 Telematics
9.2.1 Overview
9.2.2 Telematics Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Infotainment
9.3.1 Overview
9.3.2 Infotainment Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Driving assistance
9.4.1 Overview
9.4.2 Driving assistance Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market, Revenue and 2022-2030 to 2030 (US$ Million)
10. Asia Pacific Connected Vehicle Market – Country Analysis
10.1 Asia Pacific
10.1.1 Overview
10.1.2 Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 – By Country
10.1.2.1 Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.1.1 Australia Connected Vehicle Market Breakdown by Technology
10.1.2.1.2 Australia Connected Vehicle Market Breakdown by Connectivity
10.1.2.1.3 Australia Connected Vehicle Market Breakdown by Application
10.1.2.2 China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.2.1 China Connected Vehicle Market Breakdown by Technology
10.1.2.2.2 China Connected Vehicle Market Breakdown by Connectivity
10.1.2.2.3 China Connected Vehicle Market Breakdown by Application
10.1.2.3 India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.3.1 India Connected Vehicle Market Breakdown by Technology
10.1.2.3.2 India Connected Vehicle Market Breakdown by Connectivity
10.1.2.3.3 India Connected Vehicle Market Breakdown by Application
10.1.2.4 Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.4.1 Japan Connected Vehicle Market Breakdown by Technology
10.1.2.4.2 Japan Connected Vehicle Market Breakdown by Connectivity
10.1.2.4.3 Japan Connected Vehicle Market Breakdown by Application
10.1.2.5 South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.5.1 South Korea Connected Vehicle Market Breakdown by Technology
10.1.2.5.2 South Korea Connected Vehicle Market Breakdown by Connectivity
10.1.2.5.3 South Korea Connected Vehicle Market Breakdown by Application
10.1.2.6 Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.6.1 Rest of Asia Pacific Connected Vehicle Market Breakdown by Technology
10.1.2.6.2 Rest of Asia Pacific Connected Vehicle Market Breakdown by Connectivity
10.1.2.6.3 Rest of Asia Pacific Connected Vehicle Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Harman International Industries Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Robert Bosch GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AT&T Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Visteon Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Continental AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Audi AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 General Motors Co
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Bayerische Motoren Werke AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Vodafone Group Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 1. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million)
Table 2. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million) – Technology
Table 3. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million) – Connectivity
Table 4. Connected Vehicle Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 5. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Technology
Table 6. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Connectivity
Table 7. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 8. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Technology
Table 9. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Connectivity
Table 10. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 11. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Technology
Table 12. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Connectivity
Table 13. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 14. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Technology
Table 15. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Connectivity
Table 16. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 17. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Technology
Table 18. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Connectivity
Table 19. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 20. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Technology
Table 21. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Connectivity
Table 22. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn) – Application
LIST OF FIGURES
Figure 1. Connected Vehicle Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Connected Vehicle Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Connected Vehicle Market Revenue (US$ Million), 2022 – 2030
Figure 6. Connected Vehicle Market Share (%) – Technology, 2022 and 2030
Figure 7. 5G Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. 4G Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. 3G & 2G Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Connected Vehicle Market Share (%) – Connectivity, 2022 and 2030
Figure 11. Integrated Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Tethered Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Embedded Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Connected Vehicle Market Share (%) – Application, 2022 and 2030
Figure 15. Telematics Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Infotainment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Driving assistance Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Asia Pacific Connected Vehicle Market Revenue, by Key Country, (2022) (US$ Million)
Figure 20. Connected Vehicle Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 21. Australia Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
Figure 22. China Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
Figure 23. India Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
Figure 24. Japan Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25. South Korea Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26. Rest of Asia Pacific Connected Vehicle Market Revenue and Forecast to 2030 (US$ Mn)
The List of Companies – Asia Pacific Connected Vehicle Market
1. AT&T
2. Audi AG
3. Bayerische Motoren Werke AG
4. Continental AG
5. Denso
6. General Motors Co
7. Harman International Industries Inc
8. Robert Bosch GmbH
9. Visteon Corp
10. Vodafone Group Plc
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