Latin America Connected Car Market Size & Outlook, 2025-2030
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Latin America connected car market highlights
- The Latin America connected car market generated a revenue of USD 1,000.0 million in 2024.
- The market is expected to grow at a CAGR of 12.3% from 2025 to 2030.
- In terms of segment, embedded was the largest revenue generating connectivity solutions in 2024.
- Embedded is the most lucrative connectivity solutions segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,000.0 million |
| Market revenue in 2030 | USD 2,006.1 million |
| Growth rate | 12.3% (CAGR from 2025 to 2030) |
| Largest segment | Embedded |
| Fastest growing segment | Embedded |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Embedded, Tethered |
| Key market players worldwide | ALE International, Apple Inc, AT&T Intellectual Property, Audi AG, BMW, Aptiv, Ford Motor Co, General Motors Co, Alphabet Inc Class A, NXP Semiconductors NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global connected car market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,294.6 million by 2030.
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Connected Car Market Scope
Connected Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aptiv | View profile | 10001+ | Dublin, Dublin, Ireland, Europe | http://www.aptiv.com |
| BMW | View profile | - | Shenzhen, Guangdong, China, Asia | http://www.szbomingwei.com |
| ALE International | View profile | - | - | - |
| AT&T Intellectual Property | View profile | 11-50 | Dallas, Texas, United States, North America | https://about.att.com/innovation/ip |
| Audi AG | View profile | 10001+ | Ingolstadt, Bayern, Germany, Europe | http://www.audi.com |
| Ford Motor Co | View profile | 177000 | One American Road, Dearborn, MI, United States, 48126 | https://www.ford.com |
| General Motors Co | View profile | 163000 | 300 Renaissance Center, Detroit, MI, United States, 48265-3000 | https://www.gm.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
Latin America connected car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to connected car market will help companies and investors design strategic landscapes.
Embedded was the largest segment with a revenue share of 55.13% in 2024. Horizon Databook has segmented the Latin America connected car market based on integrated, embedded, tethered covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of connected car market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America connected car market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America connected car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America connected car market size, by country, 2018-2030 (US$M)
Latin America Connected Car Market Outlook Share, 2024 & 2030 (US$M)
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