APAC Connected Car Market Size & Forecast

Market Research Report

A quick peek into the report

1.1   Trends: Current and Future Impact Assessment
1.1.1   Increasing Consumer Focus on Enhanced Anti-Theft Solutions
1.1.2   Growing Popularity of Usage-Based Insurance (UBI)
1.2   Supply Chain Overview
1.2.1   Value Chain Analysis
1.2.2   Pricing Forecast
1.3   Research and Development Review
1.3.1   Patent Filing Trend (by Country and Company)
1.4   Regulatory Landscape
1.5   Stakeholder Analysis
1.5.1   End User and Buying Criteria
1.6   Impact Analysis for Key Events
1.6.1   COVID-19
1.6.2   Russia/Ukraine War
1.7   Market Dynamics: Overview
1.7.1   Market Drivers
1.7.1.1   Integration of Advanced Mobility Solutions
1.7.1.2   Growing Demand for Premium Vehicles Owing to Inclination of Consumers toward Comfort and Luxury
1.7.2   Market Restraints
1.7.2.1   Lack of Connectivity Infrastructure to Restrain Growth
1.7.2.2   Challenges in Ensuring Data Privacy and Security
1.7.3   Market Opportunities
1.7.3.1   Integration with Home Automation Systems
1.7.3.2   Leveraging Data for Monetization Opportunities

2.1   Regional Summary
2.2   Asia-Pacific
2.2.1   Regional Overview
2.2.2   Driving Factors for Market Growth
2.2.3   Factors Challenging the Market
2.2.4   Application
2.2.5   Product
2.2.6   Asia-Pacific (by Country)
2.2.6.1   China
2.2.6.1.1   Application
2.2.6.1.2   Product
2.2.6.2   Japan
2.2.6.2.1   Application
2.2.6.2.2   Product
2.2.6.3   India
2.2.6.3.1   Application
2.2.6.3.2   Product
2.2.6.4   South Korea
2.2.6.4.1   Application
2.2.6.4.2   Product
2.2.6.5   Rest-of-Asia-Pacific
2.2.6.5.1   Application
2.2.6.5.2   Product

3.1 Next Frontiers
3.2 Geographic Assessment

4.1   Data Sources
4.1.1   Primary Data Sources
4.1.2   Secondary Data Sources
4.1.3   Data Triangulation
4.2   Market Estimation and Forecast

Table 1:   Market Snapshot
Table 2:   Opportunities across Region
Table 3:   Trends Overview
Table 4:   Top-Ranking UBI Insurers (by Region) and Customer Satisfaction Scores
Table 5:   Regulatory Landscape for the Connected Car Market
Table 6:   Connected Car Market (by Region), $Billion, 2023-2034
Table 7:   Asia-Pacific Connected Car Market (by Application), $Billion, 2023-2034
Table 8:   Asia-Pacific Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 9:   Asia-Pacific Connected Car Market (by Network Type), $Billion, 2023-2034
Table 10:   Asia-Pacific Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 11:   Asia-Pacific Connected Car Market (by Form), $Billion, 2023-2034
Table 12:   Asia-Pacific Connected Car Market (by Transponder), $Billion, 2023-2034
Table 13:   Asia-Pacific Connected Car Market (by Hardware), $Billion, 2023-2034
Table 14:   China Connected Car Market (by Application), $Billion, 2023-2034
Table 15:   China Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 16:   China Connected Car Market (by Network Type), $Billion, 2023-2034
Table 17:   China Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 18:   China Connected Car Market (by Form), $Billion, 2023-2034
Table 19:   China Connected Car Market (by Transponder), $Billion, 2023-2034
Table 20:   China Connected Car Market (by Hardware), $Billion, 2023-2034
Table 21:   Japan Connected Car Market (by Application), $Billion, 2023-2034
Table 22:   Japan Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 23:   Japan Connected Car Market (by Network Type), $Billion, 2023-2034
Table 24:   Japan Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 25:   Japan Connected Car Market (by Form), $Billion, 2023-2034
Table 26:   Japan Connected Car Market (by Transponder), $Billion, 2023-2034
Table 27:   Japan Connected Car Market (by Hardware), $Billion, 2023-2034
Table 28:   India Connected Car Market (by Application), $Billion, 2023-2034
Table 29:   India Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 30:   India Connected Car Market (by Network Type), $Billion, 2023-2034
Table 31:   India Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 32:   India Connected Car Market (by Form), $Billion, 2023-2034
Table 33:   India Connected Car Market (by Transponder), $Billion, 2023-2034
Table 34:   India Connected Car Market (by Hardware), $Billion, 2023-2034
Table 35:   South Korea Connected Car Market (by Application), $Billion, 2023-2034
Table 36:   South Korea Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 37:   South Korea Connected Car Market (by Network Type), $Billion, 2023-2034
Table 38:   South Korea Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 39:   South Korea Connected Car Market (by Form), $Billion, 2023-2034
Table 40:   South Korea Connected Car Market (by Transponder), $Billion, 2023-2034
Table 41:   South Korea Connected Car Market (by Hardware), $Billion, 2023-2034
Table 42:   Rest-of-Asia-Pacific Connected Car Market (by Application), $Billion, 2023-2034
Table 43:   Rest-of-Asia-Pacific Connected Car Market (by Vehicle Type), $Billion, 2023-2034
Table 44:   Rest-of-Asia-Pacific Connected Car Market (by Network Type), $Billion, 2023-2034
Table 45:   Rest-of-Asia Pacific Connected Car Market (by Sales Channel), $Billion, 2023-2034
Table 46:   Rest-of-Asia-Pacific Connected Car Market (by Form), $Billion, 2023-2034
Table 47:   Rest-of-Asia-Pacific Connected Car Market (by Transponder), $Billion, 2023-2034
Table 48:   Rest-of-Asia-Pacific Connected Car Market (by Hardware), $Billion, 2023-2034
Table 49:   Market Share,2023

Figure 1:   Asia-Pacific Connected Car Market (by Scenario), $Billion, 2024, 2027, and 2034
Figure 2:   Connected Car Market (by Region), $Billion, 2023, 2027, and 2034
Figure 3:   Asia-Pacific Connected Car Market (by Application), $Billion, 2023, 2027, and 2034
Figure 4:   Asia-Pacific Connected Car Market (by Vehicle Type), $Billion, 2023, 2027, and 2034
Figure 5:   Asia-Pacific Connected Car Market (by Network Type), $Billion, 2023, 2027, and 2034
Figure 6:   Asia-Pacific Connected Car Market (by Sales Channel), $Billion, 2023, 2027, and 2034
Figure 7:   Asia-Pacific Connected Car Market (by Form), $Billion, 2023, 2027, and 2034
Figure 8:   Asia-Pacific Connected Car Market (by Transponder), $Billion, 2023, 2027, and 2034
Figure 9:   Asia-Pacific Connected Car Market (by Hardware), $Billion, 2023, 2027, and 2034
Figure 10:   Key Events
Figure 11:   Vehicle Theft Incidents for 2019 and 2023 (Per 10,000 People)
Figure 12:   Breakdown of Motor Vehicle Theft (by Vehicle Type), 2019-2023
Figure 13:   Supply Chain and Risks within the Supply Chain
Figure 14:   Value Chain Analysis
Figure 15:   Connected Car Market Pricing Forecast, $/Car Technology, 2023-2034
Figure 16:   Patent Analysis (by Country), January 2021-November 2024
Figure 17:   Patent Analysis (by Company), January 2021-November 2024
Figure 18:   Impact Analysis of Market Navigating Factors, 2023-2034
Figure 19:   Estimated Percent of Registered Vehicles by ADAS Feature, 2020 and 2026
Figure 20:   Imported Luxury Car Sales in South Korea, Units, 2018-2023
Figure 21:   China Connected Car Market, $Billion, 2023-2034
Figure 22:   Japan Connected Car Market, $Billion, 2023-2034
Figure 23:   India Connected Car Market, $Billion, 2023-2034
Figure 24:   South Korea Connected Car Market, $Billion, 2023-2034
Figure 25:   Rest-of-Asia-Pacific Connected Car Market, $Billion, 2023-2034
Figure 26:   Strategic Initiatives, January 2021-November 2024
Figure 27:   Data Triangulation
Figure 28:   Top-Down and Bottom-Up Approach
Figure 29:   Assumptions and Limitations

Asia-Pacific Connected Car Market Report Coverage

Asia-Pacific Connected Car Market
Base Year	2023	Market Size in 2024	$39.27 Billion
Forecast Period	2024-2034	Value Projection and Estimation by 2034	$233.41 Billion
CAGR During Forecast Period	19.51%

How can this report add value to an organization?

This report adds value to an organization by providing in-depth insights into the APAC connected car market, enabling informed decision-making and strategic planning. It highlights emerging technologies, market trends, and competitive dynamics, helping organizations identify growth opportunities and align their offerings with industry demands. The report’s detailed segmentation and regional analysis support targeted market entry strategies, while its coverage of regulatory frameworks and cybersecurity measures ensures compliance with evolving industry standards. By leveraging this report, organizations can drive innovation, enhance operational efficiency, and gain a competitive edge in the rapidly evolving connected mobility ecosystem, ensuring sustainable growth and technological leadership.

Introduction to APAC Connected Car Market

The Asia-Pacific connected car market is projected to reach $233.41 billion by 2034 from $39.27 billion in 2024, growing at a CAGR of 19.51% during the forecast period 2024-2034. Growing customer demand for cutting-edge safety, infotainment, and telematics solutions is driving the Asia-Pacific region's rapid adoption of C-V2X communication, AI-driven mobility services, and growing 5G networks. In response to government safety regulations, growing urbanisation, and ambitious goals for electrification and autonomous driving, OEMs and fleet operators throughout Asia-Pacific are speeding up adoption. Prominent corporations including Toyota, Hyundai, Honda, Denso, and up-and-coming digital startups are making significant investments in smart telematics, linked mobility platforms, and over-the-air software updates. With the help of strategic public-private collaborations, national smart city initiatives, and the construction of 5G infrastructure, Asia-Pacific is establishing itself as a global centre for advancements in mobility-as-a-service (MAAS) and next-generation vehicle connection.

Market Introduction

Rapid urbanisation, growing 5G infrastructure, and growing consumer demand for cutting-edge mobility solutions are driving the connected automobile market in Asia-Pacific (APAC). With technologies like infotainment, telematics, predictive maintenance, real-time navigation, and vehicle-to-everything (V2X) connection, connected cars in the area improve driving efficiency, safety, and convenience.

With the help of robust government programs encouraging smart mobility, road safety, and emissions reduction, nations like China, Japan, South Korea, and India are spearheading the adoption of linked technologies. To meet changing market needs, OEMs and technology providers are making significant investments in over-the-air (OTA) update capabilities, software-defined vehicles, and AI-powered telematics. The demand for integrated digital ecosystems that link consumers, infrastructure, and cars is being further fuelled by the rising popularity of electric vehicles (EVs).

The market prognosis is still favourable, but there are still issues including disparate regulatory frameworks, cybersecurity threats, and uneven connection in rural and urban areas. Concerns about affordability also affect widespread adoption, particularly in developing APAC economies. However, it is anticipated that in the upcoming years, APAC will be positioned as a global centre for next-generation connected mobility technologies due to continued public-private collaborations, improvements in 5G implementation, and a growing emphasis on autonomous and shared transportation solutions.

Market Segmentation

Segmentation 1: by Application
•    Mobility Management
•    Telematics
•    Infotainment
•    Driver Assistance
•    Navigation
•    Others (eCall, Autopilot, Remote Diagnostics, Home Integration)

Segmentation 2: by Vehicle Type
•    Internal Combustion Engine (ICE) Vehicle
•    Battery Electric Vehicle (BEV)
•    Hybrid Electric Vehicle (HEV)
•    Plug-in Hybrid Electric Vehicle (PHEV)

Segmentation 3: by Network Type
•    Operational Data
•    Dedicated Short-Range Communication (DSRC)
•    Cellular
•    Satellite

Segmentation 4: by Sales Channel
• Original Equipment Manufacturer (OEM)
• Aftermarket

Segmentation 5: by Form
• Embedded
• Integrated

Segmentation 6: by Transponder
• Onboard Unit
• Roadside Unit

Segmentation 7: by Hardware
•    Head Unit
•    Central Gateway
•    Intelligent Antennas
•    Electronic Control Unit (ECU)
•    Telematics Control Unit
•    Keyless Entry System
•    Sensors

Segmentation 8: by Region
• Asia-Pacific (China, Japan, India, South Korea, Rest-of-Asia-Pacific)

APAC Connected Car Market Trends, Drivers and Challenges-

Trends

The APAC connected car market is fast expanding with the incorporation of 5G connectivity, C-V2X communication, AI-driven telematics, and cloud-based infotainment systems. Large-scale rollouts of smart transportation solutions and significant investments in autonomous vehicle development are being spearheaded by nations like China, Japan, South Korea, and India. Because they enable predictive maintenance, over-the-air (OTA) updates, and personalised in-car services, software-defined vehicle architectures are gaining popularity. Demand for integrated digital ecosystems that improve user experience and operational efficiency is being further bolstered by the growth of electric vehicles (EVs).

Drivers

Key factors in the area include the region's rapid urbanisation, rising need for improved road safety, and government-led smart city projects. Technology adoption is being accelerated by strict regulations requiring advanced driver-assistance systems (ADAS), emergency call capabilities, and pollution monitoring. OEMs are being pressured to give digital features top priority due to factors like growing smartphone adoption, developing 5G infrastructure, and growing consumer expectations for connected lifestyles. Large-scale implementation of intelligent transport systems and vehicle-to-infrastructure (V2I) projects throughout Asia Pacific is also being encouraged by public-private partnerships.

Challenges

Major obstacles include disparate legislative regimes, expensive linked devices, and uneven 5G network coverage across nations. The absence of standardised communication methods, cybersecurity risks, and data privacy issues impede smooth connectivity. Furthermore, in developing APAC nations, pricing continues to be a deterrent to wider adoption among price-conscious customers.

Asia-Pacific Connected Car Market

Focus on Application, Vehicle Type, Network Type, Sales Channel, Form, Transponder, Hardware, and Country-Level Analysis - Analysis and Forecast, 2024-2034

Get Free Sample

Schedule a Call

Some Faq's

Frequently Asked Questions

The Asia-Pacific connected car market is projected to reach $233.41 billion by 2034 from $39.27 billion in 2024, growing at a CAGR of 19.51% during the forecast period 2024-2034.

The APAC connected car market is driven by rapid 5G deployment, widespread adoption of C-V2X communication, and rising integration of AI-powered telematics and infotainment systems. Growing urbanization, government smart mobility initiatives, and increasing consumer demand for safety and convenience are accelerating investments in software-defined vehicles, autonomous driving features, and MaaS platforms.

The rollout of 5G and adoption of V2X communication technologies in APAC are accelerating the development of connected and autonomous vehicles, enabling real-time data exchange, ultra-low latency services, and enhanced safety features. These advancements are driving OEM innovation, supporting smart city initiatives, and fostering new mobility services across the region.

This report is essential for a wide range of stakeholders in the connected car market, including:

•    Automotive Companies: To explore connected mobility trends, partnerships, and product innovations
•    Technology Providers: To develop 5G, AI, and IoT solutions for enhanced vehicle connectivity
•    Telecommunication Firms: To leverage opportunities in V2X communication and cloud-based vehicle platforms
•    Government and Policy Makers: To understand cybersecurity regulations, safety standards, and smart city integrations
•    Investors and Venture Capitalists: To identify high-growth sectors and make informed investment decisions
•    Consulting and Research Firms: To provide market intelligence and strategic guidance to clients.

The unique selling proposition (USP) of this report lies in its comprehensive analysis of the connected car market, offering in-depth insights into:

•    Emerging technologies such as 5G, AI-driven telematics, and vehicle automation
•    Market trends and key growth drivers, helping businesses identify strategic opportunities
•    Detailed segmentation by application, vehicle type, network type, and country, aiding in targeted market entry
•    Competitive benchmarking and key player analysis, providing actionable intelligence on market positioning
•    Regulatory landscape insights, ensuring compliance with data security, cybersecurity, and vehicle safety standards

Connected Car Market - A Global and Regional Analysis: Focus on Application, Vehicle Type, Network T

The global connected car market is projected to reach $503.13 billion by 2034 from $96.64...

View Report

A quick peek into the report

Table of Contents

Asia-Pacific Connected Car Market Report Coverage

How can this report add value to an organization?

Introduction to APAC Connected Car Market

$3250

Asia-Pacific Connected Car Market

Frequently Asked Questions

You may also like

Connected Car Market - A Global and Regional Analysis: Focus on Application, Vehicle Type, Network T

Asia-Pacific Connected Car Market

A quick peek into the report

Table of Contents

1 Markets

2 Region

3 Markets - Competitive Benchmarking & Company Profiles

4 Research Methodology

List of Tables

List of Figures

Asia-Pacific Connected Car Market Report Coverage

How can this report add value to an organization?

Introduction to APAC Connected Car Market

$3250

Asia-Pacific Connected Car Market

Frequently Asked Questions

Q: How big is the Asia-Pacific Connected Car Market?

Q: What are the key trends of APAC Connected Car Market?

Q: How are 5G rollout and V2X communication technologies impacting market evolution in APAC?

Q: Who should buy this report?

Q: What is the USP this report?

You may also like

Connected Car Market - A Global and Regional Analysis: Focus on Application, Vehicle Type, Network T