Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Automotive Communication Technology Market size was valued at USD 14.29 billion in 2024 and is set to exceed USD 90.95 billion by 2037, registering over 15.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive communication technology is evaluated at USD 16.04 billion.
The growing usage of advanced driver assistance systems (ADAS) technologies has led to an alarming increase in automotive communication technology. Future-generation ADAS offers a reliable wireless network connection between vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I or V2X). Next-gen Hector launched in 2024 from MG Motor is integrated with autonomous level 2 ADAS comprising features such as lane function, speed assist system (SAS), front collision warning (FCW), adaptive cruise control (ACC), rear drive assist, and intelligent headlamp control. Additionally, automobiles using ADAS witnessed a safer automated driving experience and a reduced number of traffic accidents and causalities. For instance, the World Health Organization in 2023, stated that every year about 1.19 million people are met with road accidents, attributed to which, approximately 50 million people suffer from non-fatal injuries and several disabilities.
