Towards 90% of cars connected in 2028: what are the driving forces?

Yole reported the automotive connectivity module market is anticipated to reach more than US$6 billion by 2028, where Yole outlines: The connectivity module market for telematics and V2X applications will reach US$6.1 billion in 2028 with a CAGR of 16% between 2023 and 2028. The market is propelled by the growing need for advanced connectivity and safety solutions. In the cost sensitive automotive industry, Redcap and intelligent antenna put 5G-V2X TCUs within reach. Qualcomm is gearing up to become the undisputed leader in automotive connectivity chipsets with the recent acquisition of Autotalks. The other findings from Yole: The connectivity module market is projected to grow from US$2.9 billion in 2023 to US$6.1 billion in 2028 with a CAGR23-28 of 16%. Nevertheless, according to Yole Intelligence, the landscape is evolving rapidly, with compelling use cases like Teleoperated Autonomous Vehicles and Automated Valet Parking expected to be implemented by the end of the decade. NCAP programs, especially China NCAP and EuroNCAP, are also driving V2X adoption as soon as 2025. Raphaël Da Silva, Technology and Market Analyst within the Power and Wireless Division at Yole Intelligence quoted “Telematics adoption is driven by lucrative business opportunities, offering enhanced user experience and valuable data for OEM s. Mandatory connectivity-based safety features like ...