The connected car industry is revolutionizing the automotive industry. With the integration of advanced technologies and connectivity features, vehicles have evolved into smart machines capable of providing improved safety, efficiency, and convenience.
In this article, we have compiled connected car statistics that highlight the growth, impact, and future of the connected car market.
Key Connected Car Statistics 2023 – MY Choice
- The global connected car market size is expected to reach $225.16 billion by 2027, growing at a CAGR of 24.5% from 2020 to 2027. [1]
- The connected car market is segmented by services, such as safety & security, entertainment, well-being, and remote diagnostics. The safety & security segment dominated the market in 2019 and is expected to continue its dominance during the forecast period. [2]
- Over 250 million connected cars are expected to be on the road by 2020, with the number set to reach 500 million by 2025. [3]
- The United States and China are the two biggest markets for connected cars, with China accounting for 49% of the global sales of new energy vehicles in 2018. [4]
- The percentage of new cars sold globally with embedded connectivity is set to increase from 20% in 2019 to 90% by 2028. [5]
- The demand for connected car services such as remote start, remote diagnostics, and vehicle tracking is expected to increase, with the global connected car services market expected to reach $141 billion by 2025. [6]
- 5G technology is expected to play a key role in the growth of the connected car market, with 5G-enabled connected cars expected to reach 20 million by 2021. [7]
- The most popular connected car apps include music streaming, navigation, and weather updates, with over 50% of drivers using connected car apps regularly. [8]
- The adoption of autonomous driving technology is expected to increase the demand for connected car services, with autonomous vehicles expected to generate $7 trillion in revenue by 2050. [9]
- The global market for automotive telematics is expected to grow at a CAGR of 28% from 2020 to 2025, driven by the increasing demand for connected car services and the rising adoption of autonomous driving technology. [10]
Connected Car Statistics:
| Connected Car Market | Statistics |
|---|---|
| Expected CAGR of telematics market from 2021 to 2026 | 20.7% |
| Compound annual growth rate of connected car market from 2017 to 2022 | 45% |
| Value of global connected car market in 2019 | $63.03 billion |
| Projected value of global connected car market by 2027 | $225.16 billion |
| CAGR of global connected car market by 2027 | 17.1% |
| Expected percentage of subscription market in total retail financing revenues by 2025 | 20% |
| Estimated worth of autonomous car market | $54 billion |
| Estimated percentage of connected cars among new vehicles sold in 2025 | 100% |
| Expected growth of global market for connected cars by 2023 | 270% |
| Percentage of connected cars owned by Americans in 2018 | 32.7% |
| Expected percentage of connected cars owned by Europeans in 2023 | 31% |
| Estimated number of connected cars by the end of 2021 | 59 million |
| Sales of vehicles with at least Level 3 of autonomy projected to increase by 2030 | 58 million units |
- According to a report by Allied Market Research, the global connected car market is expected to reach $225.16 billion by 2025, growing at a CAGR of 17.1% from 2018 to 2025.
- The number of connected cars on the road is expected to reach 775 million by 2023, up from 330 million in 2018 (Source: Statista).
- In 2020, the market share of connected cars in the United States was around 19%, and it is expected to reach 50% by 2023 (Source: eMarketer).
- The adoption rate of connected cars in China is expected to reach 50% by 2020, up from 6% in 2017 (Source: McKinsey).
- According to a report by PwC, the adoption of connected cars in Europe is expected to reach 80% by 2025.
- In 2019, the global market for connected car software was valued at $7.28 billion, and it is expected to reach $46.73 billion by 2027, growing at a CAGR of 25.2% from 2020 to 2027 (Source: Allied Market Research).
Connected Car Facts:
Table 3: Connected Car Usage Statistics
| Connected Car Usage | Statistics |
|---|---|
| Percentage of fleets using telematics in 2019 | 86% |
| Percentage of fleets using telematics to monitor vehicle and equipment location | 74% |
| Percentage of fleets using telematics to track hours of service | 66% |
Table 4: Connected Car Latest Statistics
| Connected Car Latest Statistics | Statistics |
|---|---|
| Available format to download in PNG, PDF, XLS until June 30th | 33% off |
| Estimated number of motor vehicles in use globally, including highway registered vehicles in the US | Over 1 billion |
| Reduction in accidents with smart telematics | 45% |
| Reduction in CO2 emissions with smart telematics | 75% or 36 million metric tons per year |
| Reduction in fuel consumption with smart telematics | 25% |
| Reduction in high-risk behavior in younger drivers with smart telematics | >30% |
| Reduction in claims costs in younger drivers with smart telematics | >30% |
| Reduction in vehicle travel time to sites with smart telematics | 68% |
- Connected cars can provide real-time traffic updates, weather forecasts, and parking availability, making driving more efficient and enjoyable.
- By 2022, it is estimated that connected cars will generate 350 MB of data per second, providing insights into driver behavior, vehicle performance, and traffic patterns.
- According to a report by McKinsey, connected cars can reduce traffic accidents by up to 90% and save up to 10,000 lives per year in the United States.
- The use of telematics in connected cars can help reduce insurance costs by up to 30% for drivers, according to a report by PTOLEMUS Consulting Group.
- The development of autonomous vehicles is a significant driver of the connected car industry, with self-driving cars expected to account for 10% of all cars on the road by 2030.
Connected Car Benefits:
Table 1: Connected Car Benefits Statistics
| Connected Car Benefits | Statistics |
|---|---|
| Driver monitoring | 32% |
| Speed prevention | 26% |
| Preventing driver fatigue/exhaustion | 30% |
| Improved seat belt usage | 90% |
| Reduced safety incidents | 42% |
| Reduced fuel costs | 55% |
| Reducing high-risk behavior in younger drivers | >30% |
| Lowering claims costs in younger drivers | >30% |
| Reducing accidents | 45% |
| Reducing vehicle travel time to sites | 68% |
| Reducing CO2 emissions | 75% or 36 million metric tons per year |
| Lowering fuel consumption | 25% |
| Lowering accidents and injuries | 25% |
| Increasing vehicle efficiency | 15% |
- Connected cars can reduce traffic congestion and emissions by providing drivers with real-time traffic updates and suggesting alternative routes.
- The use of telematics in connected cars can improve driver safety by monitoring driver behavior and providing real-time alerts for dangerous driving.
- Connected cars can help reduce fuel consumption by optimizing driving routes and providing real-time data on vehicle performance.
- The adoption of connected cars can create new revenue streams for the automotive industry by providing opportunities for subscription-based services and personalized marketing.
- The development of autonomous vehicles can create new job opportunities in the technology and automotive industries.
Connected Car Trends:
- The development of 5G networks is expected to drive the growth of the connected car industry by providing faster and more reliable connectivity.
- The use of artificial intelligence and machine learning in connected cars is expected to enhance their capabilities and improve driver safety.
Connected Car Market Growth and Trends
- The global connected car market was valued at $63.2 billion in 2020 and is expected to reach $225.2 billion by 2026, with a CAGR of 20.7% from 2021 to 2026.
- By 2027, it is estimated that 125 million connected cars will be on the road, up from 50 million in 2018.
- The penetration rate of connected cars in the US is expected to reach 70% by 2023.
- In 2020, the most popular connected car service was emergency response, followed by vehicle diagnostics and maintenance.
- The Asia-Pacific region is expected to experience the highest growth rate in the connected car market, with a CAGR of 24.5% from 2021 to 2026.
- By 2025, it is projected that 90% of new cars sold worldwide will be connected.
Connected Car Safety and Security
- Connected cars have the potential to significantly reduce the number of road accidents. By 2025, it is estimated that they could prevent up to 25,000 deaths and 2.5 million injuries per year.
- In the US, the number of fatalities from motor vehicle crashes decreased by 6.1% between 2017 and 2018, with connected car technology being credited for the decrease.
- Connected cars can detect and warn drivers of potential hazards such as slippery roads, collisions, and pedestrians.
- In 2020, the most common type of cyber-attack on connected cars was a remote exploit, which involved an attacker taking control of the vehicle from a remote location.
- By 2025, it is expected that 100% of new cars will have built-in security systems that protect against cyber-attacks.
Connected Car Connectivity and Infotainment
- The most popular infotainment system for connected cars is Apple CarPlay, followed by Android Auto.
- In 2020, the most commonly used in-car application was music streaming, followed by navigation.
- 54% of drivers use voice commands to interact with their connected car.
- In the US, 59% of drivers use their smartphone for navigation, compared to 31% who use the built-in navigation system.
- By 2025, it is projected that the global market for in-car infotainment systems will be worth $53.8 billion.
Connected Car Autonomous Driving
- By 2030, it is expected that 52 million autonomous vehicles will be on the road.
- In 2020, the most common level of autonomy for connected cars was level 1, which includes features such as adaptive cruise control and lane departure warning.
- Level 5 autonomy, which allows for fully autonomous driving in all conditions, is not expected to be widely available until 2030.
- The majority of connected car users are interested in purchasing vehicles with advanced driver assistance systems (ADAS), such as automatic emergency braking and blind-spot detection.
Connected Car Data Collection and Usage
- Connected cars generate vast amounts of data, including driver behavior, location, and vehicle diagnostics.
- By 2025, it is projected that the global market for connected car data will be worth $42 billion.
