IoC(Internet Of Cars) : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, internet of Cars market size in 2026 is estimated at USD 204.84 billion, growing from 2025 value of USD 172.97 billion with 2031 projections showing USD 477.47 billion, growing at 18.43% CAGR over 2026-2031.

This report is Segmented by Software Solutions (Real-Time Transit Management, and More), Hardware Components (Telematics Control Units, and More), Connectivity Technology (Cellular-V2X 5G, and More), Application (Mobility Management, and More), End-User Industry (Transportation and Logistics, and More), and Geography (North America, and More). Market Forecasts are Provided in Terms of Value (USD).

Global Internet Of Cars Market Trends and Insights

Rising Government Funding for V2X Infrastructure

National and regional authorities are underwriting roadside communication nodes, lowering the cost hurdle for private investors and speeding rollouts. The United States awarded USD 60 million in 2024 to equip 1,200 intersections with cellular Vehicle-to-Everything (V2X) hardware. China mandated that all new highways integrate C-V2X by 2025, trimming deployment timelines by 18 months. The European Commission directed EUR 1.3 billion (USD 1.39 billion) toward cooperative transport systems along trans-European corridors. Saudi Arabia's NEOM project earmarked USD 500 billion for a 5G-enabled mobility grid. To gain access to these funds, suppliers must document ISO 21434 cybersecurity compliance at the design stage.

Integration of 5G and Edge Computing in Vehicle Platforms

5G paired with multi-access edge computing is compressing latency to below 10 milliseconds, enabling safety-critical functions. Qualcomm's Snapdragon Ride was shipped in production cars in 2024, featuring an integrated edge AI accelerator that processes sensor data locally. Verizon and Nissan cut over-the-air update times to less than five minutes at 150 U.S. dealerships. China Mobile established 320 edge sites, which reduced the average travel time by 12% along a major freight corridor. European operators remain behind; Vodafone's coverage reached only 8% of Germany's autobahn network by the end of 2024.

Fragmented Global Cellular-V2X Standards

Inconsistent spectrum allocation is forcing automakers to engineer multiple hardware variants, which inflates costs and slows launches. The U.S. allows Wi-Fi devices in the 5.9 GHz band, which raises the risk of interference. Europe allows member states to choose between C-V2X and DSRC, resulting in a patchwork of different technologies. China has standardized on 3GPP Release 16, while Europe and the United States are moving to Release 17. Continental said maintaining separate variants added EUR 180 million (USD 193 million) to its 2024 R&D budget.

Other drivers and restraints analyzed in the detailed report include:

1. OEM Pivot Toward Data-Monetization Business Models
2. Insurer Adoption of Usage-Based Policies
3. Consumer Privacy Concerns Around In-Car Data Streams

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Security software is forecast to grow at a 18.92% CAGR through 2031 as July 2024 UNECE rules require intrusion detection on every new model. Fleet management retained the largest share, at 18.12%, in 2025, highlighting the commercial fleets' focus on uptime and route efficiency. Real-time transit systems gained momentum when the Los Angeles Metro reduced passenger wait times by eight minutes by connecting 2,300 buses. Remote monitoring has become routine for electric fleets that need battery health diagnostics. Bandwidth management tools are gaining popularity because Ford spent USD 120 million on cellular data in 2024, prior to deploying edge caching.

Demand for security is reconfiguring procurement. OEMs now insist suppliers show third-party ISO 21434 audits, adding up to nine months to product timelines. Vendors that pre-certified solutions reported faster design wins, positioning cybersecurity as the next pricing lever. Fleet platforms remain sticky, but over-the-air update orchestration is emerging as a cross-segment opportunity that software firms are racing to capture. As a result, the Internet of Cars market continues to migrate toward a software-first revenue profile.

Telematics control units accounted for 12.18% of 2025 revenue; however, embedded 5G modems are projected to grow at a 19.76% CAGR to 2031. Qualcomm's single-chip radio merges C-V2X and cellular broadband, shaving 30% off bill-of-materials costs. Vehicles shipped in 2024 carried an average of 17 connected sensors, up from 11 two years earlier. Continental's 48-inch OLED cluster illustrates how human-machine interfaces are converging into software-defined cockpits.

Growth is constrained by semiconductor supply tightness; lead times for telematics ECUs hit 26 weeks in 2024. Three suppliers-Bosch, Continental, and Denso-controlled 60% of the output, underscoring the concentration risk. Antenna innovation is accelerating as millimeter-wave 5G becomes viable; Amphenol's phased-array design supports 28 GHz and 39 GHz bands for gigabit car streaming. These shifts signal that hardware will increasingly be standardized, while differentiation moves to the software layer, reinforcing the data-centric outlook for the Internet of Cars market.

Complete Report Scope:

• By Software Solutions
  • Real-Time Transit Management Systems
  • Security Solutions
  • Remote Monitoring Systems
  • Network Bandwidth Management
  • Fleet Management
• By Hardware Components
  • Telematics Control Units
  • On-Board Sensors
  • Embedded Modems
  • HMI Displays
  • Antennas and Cables
• By Connectivity Technology
  • Cellular-V2X (5G)
  • Dedicated Short-Range Communications (DSRC)
  • Satellite
  • Wi-Fi / Bluetooth
• By Application
  • Mobility Management
  • Vehicle Management
  • Integrated Entertainment
  • Safety and Driver Assistance
  • Other Applications
• By End-user Industry
  • Transportation and Logistics
  • Automotive OEMs
  • Car-Sharing and Ride-Hailing Operators
  • Insurance
  • Other End-user Industries
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • Middle East
      • Saudi Arabia
      • United Arab Emirates
      • Turkey
      • Rest of Middle East
    • Africa
      • South Africa
      • Nigeria
      • Kenya
      • Rest of Africa

Geography Analysis

The Asia Pacific led the Internet of Cars market in 2025, with a 33.62% share, and is expected to sustain a 19.02% CAGR through 2031. China budgeted RMB 50 billion (USD 6.9 billion) for smart roadside assets in Wuxi, Shanghai, and Chongqing. Japan's 5G-V2X program aims to deploy 50,000 cooperative cruise-control cars by 2027. India's USD 15 billion Smart Cities Mission has completed pilots that reduced wait times by 18% at intersections. South Korea plans to install C-V2X technology on every new expressway starting from 2025. Indonesia and Vietnam are slower due to limited 5G coverage; however, ride-hailing firms are deploying telematics on their two-wheel fleets.

North America and Europe are mature yet divergent. Washington authorized USD 1.2 billion for V2X corridors on Interstates 80 and 95. The EU has financed 23 cross-border freight projects that enable fuel savings of 10-15% through truck platooning. Canada's Ontario pilot cut rear-end collisions by 22% at signalized intersections. Mexico focuses on plant-side 5G networks for vehicle testing. Stricter privacy rules in Europe increased compliance spending and impacted monetization timelines.

The Middle East and Africa are riding the smart-city megaprojects. Saudi Arabia's USD 500 billion NEOM will deploy 5G-ready V2X across 26,500 square kilometers. Dubai connected 1,200 buses and cut delays by 12 minutes. South Africa's Gauteng province plans 300 C-V2X intersections by 2027. Nigeria and Kenya focus on delivery-motorcycle tracking for theft reduction. Latin America lags due to funding gaps; Brazil's 5G road-coverage mandate faces uncertain timelines. These diverse trajectories outline how regional policies and telecom readiness will shape the future growth of the Internet of Cars market.

1. AT&T Inc.
2. Robert Bosch GmbH
3. Cisco Systems Inc.
4. Continental AG
5. Denso Corporation
6. Ford Motor Company
7. General Motors Company
8. HERE Global B.V.
9. Huawei Technologies Co. Ltd.
10. International Business Machines Corporation
11. Microsoft Corporation
12. NXP Semiconductors N.V.
13. Oracle Corporation
14. Qualcomm Technologies Inc.
15. Samsung Electronics Co. Ltd.
16. SAP SE
17. Tesla Inc.
18. Valeo S.A.
19. Verizon Communications Inc.
20. Volkswagen AG
21. Geotab Inc.
22. ZF Friedrichshafen AG

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising Government Funding for V2X Infrastructure
  • 4.2.2 Integration of 5G and Edge Computing in Vehicle Platforms
  • 4.2.3 OEM Pivot Toward Data-Monetization Business Models
  • 4.2.4 Insurer Adoption of Usage-Based Policies
  • 4.2.5 Real-Time OTA Cybersecurity Frameworks
  • 4.2.6 Smart City Mandates in Middle-Income Economies
• 4.3 Market Restraints
  • 4.3.1 Fragmented Global Cellular-V2X Standards
  • 4.3.2 High Upfront Cost of Telematics ECUs
  • 4.3.3 Skill Shortage in Automotive Software Engineering
  • 4.3.4 Consumer Privacy Concerns Around In-Car Data Streams
• 4.4 Industry Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Impact of Macroeconomic Factors on the Market
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Threat of New Entrants
  • 4.8.2 Bargaining Power of Buyers
  • 4.8.3 Bargaining Power of Suppliers
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Software Solutions
  • 5.1.1 Real-Time Transit Management Systems
  • 5.1.2 Security Solutions
  • 5.1.3 Remote Monitoring Systems
  • 5.1.4 Network Bandwidth Management
  • 5.1.5 Fleet Management
• 5.2 By Hardware Components
  • 5.2.1 Telematics Control Units
  • 5.2.2 On-Board Sensors
  • 5.2.3 Embedded Modems
  • 5.2.4 HMI Displays
  • 5.2.5 Antennas and Cables
• 5.3 By Connectivity Technology
  • 5.3.1 Cellular-V2X (5G)
  • 5.3.2 Dedicated Short-Range Communications (DSRC)
  • 5.3.3 Satellite
  • 5.3.4 Wi-Fi / Bluetooth
• 5.4 By Application
  • 5.4.1 Mobility Management
  • 5.4.2 Vehicle Management
  • 5.4.3 Integrated Entertainment
  • 5.4.4 Safety and Driver Assistance
  • 5.4.5 Other Applications
• 5.5 By End-user Industry
  • 5.5.1 Transportation and Logistics
  • 5.5.2 Automotive OEMs
  • 5.5.3 Car-Sharing and Ride-Hailing Operators
  • 5.5.4 Insurance
  • 5.5.5 Other End-user Industries
• 5.6 By Geography
  • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
  • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Argentina
    • 5.6.2.3 Rest of South America
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Italy
    • 5.6.3.5 Spain
    • 5.6.3.6 Rest of Europe
  • 5.6.4 Asia Pacific
    • 5.6.4.1 China
    • 5.6.4.2 Japan
    • 5.6.4.3 India
    • 5.6.4.4 South Korea
    • 5.6.4.5 Rest of Asia Pacific
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 Middle East
      • 5.6.5.1.1 Saudi Arabia
      • 5.6.5.1.2 United Arab Emirates
      • 5.6.5.1.3 Turkey
      • 5.6.5.1.4 Rest of Middle East
    • 5.6.5.2 Africa
      • 5.6.5.2.1 South Africa
      • 5.6.5.2.2 Nigeria
      • 5.6.5.2.3 Kenya
      • 5.6.5.2.4 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, and Recent Developments)
  • 6.4.1 AT&T Inc.
  • 6.4.2 Robert Bosch GmbH
  • 6.4.3 Cisco Systems Inc.
  • 6.4.4 Continental AG
  • 6.4.5 Denso Corporation
  • 6.4.6 Ford Motor Company
  • 6.4.7 General Motors Company
  • 6.4.8 HERE Global B.V.
  • 6.4.9 Huawei Technologies Co. Ltd.
  • 6.4.10 International Business Machines Corporation
  • 6.4.11 Microsoft Corporation
  • 6.4.12 NXP Semiconductors N.V.
  • 6.4.13 Oracle Corporation
  • 6.4.14 Qualcomm Technologies Inc.
  • 6.4.15 Samsung Electronics Co. Ltd.
  • 6.4.16 SAP SE
  • 6.4.17 Tesla Inc.
  • 6.4.18 Valeo S.A.
  • 6.4.19 Verizon Communications Inc.
  • 6.4.20 Volkswagen AG
  • 6.4.21 Geotab Inc.
  • 6.4.22 ZF Friedrichshafen AG

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment