Connected Car Market: Demand Forecast, 2013–2023 Connected Car Market: Demand Forecast, 2013–2023 | Page 2

Connected Car Market
Connected car market size is projected to crosss
$329.3 billion by 2023, led by rapid adoption of
IoT and adjacent technologies in the automobile
industry. Connected car in this report refers to a
vehicle that is capable of optimizing its own
operations and maintenance as well as the
convenience and comfort of passengers using
sensors which are generally onboard and have
continuous connectivity to the internet. The
connectivity with network allows connected car
to share content with various devices and
applications inside as well as outside a vehicle’s
environment.