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Connected Car Market to Grow by USD 341.7 Billion (2024-2028) with Rising Internet Penetration, Report on AI-Driven Transformation – Technavio

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global connected car market size is estimated to grow by USD 341.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 36.5% during the forecast period. Increasing internet penetration and its impact on the connected cars market is driving market growth, with a trend towards increasing number of vehicles launches featuring connected technologies. However, design complexity and technological challenges poses a challenge.Key market players include Airbiquity Inc., Alps Alpine Co. Ltd., AT and T Inc., Bayerische Motoren Werke AG, BorgWarner Inc., DXC Technology Co., Ford Motor Co., Information Technologies Institute Intellias LLC, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc., Valeo SA, Volkswagen AG, and Zubie Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Connectivity (Embedded solutions, Integrated solutions, and Tethered solutions), End-user (OEM and Aftermarket), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Airbiquity Inc., Alps Alpine Co. Ltd., AT and T Inc., Bayerische Motoren Werke AG, BorgWarner Inc., DXC Technology Co., Ford Motor Co., Information Technologies Institute Intellias LLC, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc., Valeo SA, Volkswagen AG, and Zubie Inc.

Key Market Trends Fueling Growth

The Connected Car market is experiencing significant growth, driven by trends such as vehicle infotainment, Advanced Driver-Assistance Systems (ADAS) features, and autonomous cars. V2V communication, electric mobility, and predictive technology are also key areas of focus. Vehicle downtime is a concern, leading to increased demand for connected car services and production of vehicles with faster network technology like 5G and satellite. Legislation and road safety are influencing the market, with collision warning, lane assistance, and blind spot detection becoming standard features. Technology companies are investing in 3G, 4G, and 5G networks, enabling real-time communication between cars and online platforms. Car manufacturers and service providers are collaborating to offer comfort, convenience, performance, safety, and security features. Sensors and processors are essential components, along with advanced diagnostics and fleet management. The transition to connected cars involves addressing maintenance cost and schedule, as well as data transfer speed and bandwidth. Connected cars offer remote control access, infotainment, GPS tracking, and smartphone integration. Telematics services provide real-time vehicle data, enabling predictive maintenance and fuel consumption optimization. The market is evolving rapidly, with legislative policies and technological advancements shaping the future of the Connected Car industry. 

Connected cars are becoming increasingly preferred by consumers due to their safety and environmental advantages. In response, vendors in the connected car market are expanding their product lines by introducing new models with enhanced features. By broadening their offerings, these companies aim to gain competitive edges and expand their market presence in the global connected car industry. The continuous launch of new connected car models is anticipated to boost sales and significantly contribute to the market growth during the forecast period. 

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Market Challenges

The Connected Car market is experiencing significant growth, driven by advancements in vehicle infotainment, ADAS features, and the development of autonomous cars. Challenges include vehicle downtime during production, integrating predictive technology, and addressing legislative policies. Electric mobility and V2V communication are key trends, with 5G networks and satellite technology enabling real-time communication. Technology companies are investing in 3G, 4G, and 5G networks, sensors, processors, and online platforms for enhanced comfort, convenience, performance, safety, and security. Vehicle manufacturers and service providers collaborate to offer connected car services, including remote control access, GPS tracking, advanced diagnostics, and fleet management. The transition to connected cars requires addressing maintenance cost, data transfer speed, and bandwidth concerns. Safety features like collision warning, lane assistance, and blind spot detection are crucial, as is ensuring network technology security. The production of connected cars involves integrating various sensors and systems, while the aftermarket offers opportunities for upgrades and maintenance schedule optimization. The future of connected cars lies in seamless integration of smartphones, internet services, and advanced diagnostics.The connected car market presents vendors with challenges in creating user-friendly, cost-effective, and accessible infotainment and telematics systems. As demand for automotive connectivity solutions grows, system complexity becomes essential to manage various applications. Advanced technologies, extensive features, and multiple software solutions add complexity to connectivity systems. Drivers seek efficient handling of these complexities to maximize benefits, posing a challenge for the global market. Vendors must focus on designing less distracting, affordable, and simple systems to meet consumer needs.

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Segment Overview 

This connected car market report extensively covers market segmentation by

Connectivity 1.1 Embedded solutions1.2 Integrated solutions1.3 Tethered solutionsEnd-user 2.1 OEM2.2 AftermarketGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Embedded solutions- The connected car market is experiencing significant growth as automakers integrate telematics systems with navigation and smartphone capabilities. These systems are evolving to include embedded software and smartphone applications for entertainment, navigation, communication, security, and internet services. OEMs collaborate with technology companies to offer in-vehicle products and services, such as Pioneer’s CarPlay integration and Hyundai’s Blue Link infotainment mirroring. GM’s MyLink and IntelliLink systems support third-party applications. BlackBerry’s Jarvis 2.0 software composition analysis tool aids in checking and updating third-party software modules. The increasing popularity of hybrid vehicles is driving smartphone manufacturers to develop apps for real-time battery status. BMW’s Remote application allows BMW i3 users to check battery capacity via smartphone connection during charging. Economic growth in emerging markets like India and consumer awareness of in-vehicle entertainment and information systems are fueling market expansion. The shift towards embedded solutions is expected to boost the global connected car market’s growth during the forecast period.

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Research Analysis

The Connected Car market is a rapidly growing segment in the automotive industry, focusing on integrating vehicle infotainment systems with advanced technologies. Vehicle connectivity enhances performance, safety, and convenience through features like ADAS (Advanced Driver-Assistance Systems), autonomous cars, V2V (vehicle-to-vehicle) communication, and Blind Spot Detection. Network technologies such as 3G, 4G, 5G, and satellite communication enable real-time data exchange between cars and online platforms. Connected cars offer various safety and security features, including lane-keep assist, collision avoidance, and remote diagnostics. Technology companies play a significant role in providing connectivity solutions to car manufacturers and aftermarket providers. The market’s growth is driven by increasing consumer demand for enhanced vehicle features and the integration of various technologies. The Connected Car market’s future lies in seamless real-time communication, advanced performance, and continuous innovation.

Market Research Overview

The Connected Car market is revolutionizing the automotive industry with advanced features such as vehicle infotainment, ADAS (Advanced Driver-Assistance Systems), and autonomous cars. Vehicle-to-vehicle (V2V) communication and predictive technology are enabling real-time communication and collision warning systems, reducing vehicle downtime and enhancing safety. Electric mobility is another significant trend, with legislative policies driving its adoption. Autonomous cars, powered by sensors, processors, and high-speed network technology, are transforming the way we travel. 5G, satellite, and online platforms are key to providing fast data transfer speeds and high bandwidth for connected services. Comfort, convenience, performance, safety, and security are the main benefits for consumers. Technology companies, car manufacturers, and service providers are collaborating to offer advanced features like lane assistance, blind spot detection, and remote control access. The transition phase to connected cars involves integrating 3G, 4G, and 5G technologies, telematics, and GPS tracking into vehicles. The aftermarket is also adopting connected car technology for advanced diagnostics, fleet management, and maintenance schedule services. Smartphones and internet services are essential for seamless connectivity and remote access. The production of vehicles is being transformed with the integration of diagnostic systems and advanced sensors to monitor smoke emission, fuel consumption, and other vital parameters. Connected car services offer real-time communication, online platforms, and advanced diagnostics, reducing maintenance cost and enhancing the overall driving experience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ConnectivityEmbedded SolutionsIntegrated SolutionsTethered SolutionsEnd-userOEMAftermarketGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Truck Accident Attorney Network Relaunches Website to Expand Nationwide Visibility and Elite Truck Accident Lawyers

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LOS ANGELES, April 20, 2026 /PRNewswire/ — Truck Accident Attorney Network is proud to announce the official relaunch of its newly redesigned website https://www.truckaccidentattorneynetwork.org/, making it a major step forward in its mission to connect accident victims with highly qualified, experienced truck accident lawyers across the United States.

The updated platform features a modern design, an improved user experience, and enhanced functionality to better serve individuals seeking legal representation after serious truck accidents. With a renewed focus on nationwide growth, Truck Accident Attorney Network aims to expand its reach like never before to help people get top-performing attorneys who specialize in complex truck accident litigation.

Unlike other traditional legal directories, Truck Accident Attorney Network aims to implement a strict vetting process to ensure that only highly experienced attorneys are included. All the candidates that are considered must meet the organization’s rigorous membership standards, which can be reviewed here: https://www.truckaccidentattorneynetwork.org/membership-criteria/.

“Unlike many legal directories, attorneys can’t just sign up and advertise on our website. Every attorney must meet our membership criteria and demonstrate experience handling truck accident cases. The purpose of the Truck Accident Attorney Network is to ensure injured victims can connect with qualified truck accident lawyers, not just any personal injury attorney. Our goal is simple — when someone finds a lawyer through https://www.truckaccidentattorneynetwork.org/, they know they are being connected with an elite attorney who has real experience handling serious truck accident cases.”

To prioritize quality over quantity, Truck Accident Attorney Network ensures that only attorneys who possess the track record and expertise needed to tackle high-stakes truck accident claims are available to choose from. The relaunch reinforces the website’s commitment to transparency, trust, and results – driven legal connections.

For more information, visit https://www.truckaccidentattorneynetwork.org/.

View original content:https://www.prnewswire.com/news-releases/truck-accident-attorney-network-relaunches-website-to-expand-nationwide-visibility-and-elite-truck-accident-lawyers-302747839.html

SOURCE Everest Legal Marketing

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Trutankless® Expands GEN3 Lineup with 208V Unit Built for Condos, Multi-Family, and Light Commercial Use

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Engineered for 208V environments, the new unit delivers a compact, energy-efficient, low-maintenance alternative to traditional tank water heaters

SCOTTSDALE, Ariz., April 20, 2026 /PRNewswire/ — Trutankless® today announced the release of its GEN3 Commercial 208V Unit, now in stock and available through wholesalers nationwide, bringing its award-winning “Smart” technology – trusted in homes across the country – into light commercial environments for the first time.

Built for environments like salons, restaurants, fitness studios, and multi-unit properties, the GEN3 208V unit gives business owners a simple, reliable solution: consistent hot water, no downtime, and less maintenance.

A Smarter Upgrade for Commercial Spaces

Many commercial and residential buildings already operate on 208-volt electrical systems, making the GEN3 unit an easy transition from bulky, high-maintenance tanks to a more modern, energy-efficient solution.

With a compact, wall-mounted design and advanced internal controls, the system is designed to perform under pressure, especially during peak business hours when hot water demand is highest.

Key Features & Smart Capabilities Include:

Precision Temperature Control
Advanced solid-state electronics continuously modulate power to maintain consistent water temperature within a fraction of a degree, even during peak usage times.

Low-Maintenance, Long-Life Design
A proprietary heat exchanger is engineered to resist scale and mineral buildup, helping extend the system’s lifespan and significantly reduce the maintenance typically required with traditional tank heaters.

Smart Monitoring & Proactive Maintenance
Integrated Wi-Fi connectivity transforms hot water management from a reactive task into a proactive strategy. Through a centralized digital dashboard, property owners and facility managers gain a comprehensive view of system performance across one or multiple units.

Proactive System Health – Predictive diagnostics help identify potential issues before they lead to downtime.Preventative Oversight – Real-time status updates and maintenance reminders help ensure systems operate at peak reliability.Comprehensive Dashboard – Monitor performance metrics, track energy usage, and manage multiple units from a single interface.Smart Alerts – Instant notifications enable faster troubleshooting and help minimize service interruptions.

 

Space-Saving Installation
The sleek, wall-mounted design frees up valuable floor space, giving businesses more room for operations, storage, or customer-facing areas.

Energy-Efficient Operation
By eliminating standby heat loss, the GEN3 unit helps reduce overall energy consumption, lowering utility costs while also supporting a smaller environmental footprint.

Meeting Growing Demand for Electric Solutions

The launch comes as more businesses look for efficient, electric-first infrastructure that is easier to manage and more cost-effective over time.

“The feedback from our partners and early adopters has been nothing short of spectacular,” said Guy Newman, CEO of Trutankless®. “We’ve seen a massive surge in demand for a high-performance 208V solution that doesn’t compromise on reliability. The GEN3 Commercial unit is the culmination of years of engineering – it’s smarter, tougher, and more efficient than anything else on the market.”

Available Now Through Wholesale Partners

The GEN3 Commercial 208V unit is now in stock and available through authorized Trutankless® wholesale partners nationwide.

For more information or to find a local distributor, visit www.trutankless.com.

About Trutankless®
Trutankless® is a leading innovator in electric tankless water heating technology, focused on delivering high-performance, energy-efficient solutions for residential and commercial applications. Based in Arizona, the company continues to push the industry forward with smart, space-saving systems designed for modern living and working environments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trutankless-expands-gen3-lineup-with-208v-unit-built-for-condos-multi-family-and-light-commercial-use-302747862.html

SOURCE Trutankless

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LITO Announces New Collaboration Bringing Exclusive Contemporary Artist Editions to Sotheby’s Online Marketplace

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The initiative sees artists create new works designed from the outset for high-quality, limited editions.

NEW YORK, April 20, 2026 /PRNewswire/ — LITO, a pioneering printmaking company redefining how art is created and collected, is pleased to announce a new collaboration that brings exclusive, museum-quality contemporary art editions to Sotheby’s online marketplace. The collaboration introduces a curated program of LITO Editions by leading international artists, offering collectors a new way to acquire highly refined, limited-edition works conceived in direct collaboration with the artists themselves.

LITO Editions are authentic works of art conceived in direct collaboration with artists, who imagine original work specifically for the format. The pieces are then developed into limited editions at LITO’s Technology Lab, an in-house research and production facility where engineers, technicians, and print specialists have developed the company’s patented Hi-Rnd© process. The lab brings together precision engineering and artistic collaboration to produce works that capture texture, color, relief, and brushstroke detail at multiple scales. Produced in limited runs, the editions are each hand-signed and numbered by the artist.

The initiative begins with an exclusive series of LITO Editions by acclaimed American portrait artist Kehinde Wiley. The series is based on his 2008 painting Triple Portrait of Charles II. Drawing on the historical tradition of multi-view portraiture, these works explore identity as layered and constructed rather than singular. Each piece is produced as a high-resolution print on Aludibond, set within an aluminum frame. The compositions feature engraved floral elements against mirrored backgrounds, available in Gold, Dark Mirror, and Mirror finishes, with select works also offered in a blue variant. Available for immediate purchase on Sotheby’s online marketplace, the editions are priced between $8,000 and $15,000, expanding access to Wiley’s work while maintaining the highest standards of craftsmanship.

Wiley’s editions are currently on view at Sotheby’s galleries in the Breuer Building in New York through April 24, offering collectors and the public an opportunity to experience the artist’s work and LITO’s high-resolution editions firsthand. The presentation highlights the depth, texture, and dimensionality that define LITO’s approach and underscores the collaboration’s emphasis on in-person engagement.

“The marriage of art and science is one that’s been known and storied. There was, prior to the camera, an assumption that art was the ultimate authority of truth in history. Now with new technology, art is freed to take on new responsibilities, and to be able to tell other types of stories,” said Wiley. “Working with Sotheby’s, LITO, and LITO’s technology has also allowed me to go back into my archive and rethink paintings that had been done years ago and these editions are part of a grand tradition of artists playing with the leading edge of technology.”

“As the art market continues to evolve, the collaboration signals a broader shift toward new formats and technologies that expand how art is created, distributed, and collected, without compromising on artistic intent or quality,” said John Dodelande, CEO of LITO. “By creating a new asset class within the art market, our technology will allow a new generation of collectors to experience and immerse themselves in the art world in a way that limited supply may have otherwise precluded them from.”

“Beginning a collection with editions offers an exciting and accessible entry point into contemporary art,” said Cynthia Houlton, Sotheby’s Senior Vice President and Global Head of Demand Generation & Marketplace. “Through our collaboration with LITO, collectors can acquire high‑quality works directly from the artist, reinforcing both authenticity and a meaningful connection to the creative process. Exclusive to Sotheby’s, these editions carry a compelling sense of rarity while remaining approachable. By presenting them on our Marketplace, we aim to welcome new audiences and invite discovery of exceptional art in a way that feels both inspiring and inclusive.”

New releases and exhibitions will follow throughout 2026, with monthly drops planned alongside presentations in New York, Los Angeles and London, including a Sotheby’s showcase in London from April 29 to May 17 and in Beverly Hills from May 18 to May 31.

Founded in 2022 and based in Bregenz, Austria, LITO already operates showrooms in Paris, London, and Bregenz, reflecting its growing international footprint. The company has collaborated with a wide range of internationally recognized contemporary artists, including Amoako BoafoDaniel ArshamCamille Henrot, Jia Aili, and Peter Halley, among others, advancing a model that creates new pathways for artists while extending the reach and accessibility of their work.

ABOUT LITO:

Founded in 2022, LITO is a forward-thinking printmaking company based in Bregenz, Austria. Through its patented Hi-Rnd© technology, LITO produces high-rendered limited editions that capture the texture, color, and dimensionality of original artworks with exceptional precision. Working in close collaboration with leading contemporary artists, LITO creates editions that are hand-signed, numbered, and conceived specifically for this innovative format.

ABOUT SOTHEBY’S

Established in 1744, Sotheby’s promotes access and ownership of exceptional art and luxury objects through auctions, private sales and retail. Our deep expertise across 70 selling categories is supported by a leading technology platform and a global network of specialists spanning 40 countries. Selling categories include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits and Design, as well as collectible cars and real estate through RM Sotheby’s and Concierge. Sotheby’s Financial Services is a leading art lender and provides capital solutions for collectors around the world, having originated more than $12 billion in loans since its inception. Sotheby’s new global headquarters is now open at the iconic Breuer building at 945 Madison Avenue in New York City.

PRESS CONTACTS:

For LITO: Ashley Hansen, Forward Global, ashley.hansen@forwardglobal.com
For LITO: Kyle Boulia, Forward Global, kyle.boulia@forwardglobal.com
For LITO: Sloan Savage, Forward Global, sloan.savage@forwardglobal.com

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SOURCE LITO Editions

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