Global Connected and Automated Vehicles (CAV) Market Growth (Status and Outlook) 2025-2031

The global Connected and Automated Vehicles (CAV) market size is predicted to grow from US$ 24560 million in 2025 to US$ 51600 million in 2031; it is expected to grow at a CAGR of 13.2% from 2025 to 2031.

Connected and Automated Vehicles (CAVs) refer to vehicles equipped with advanced communication, sensing, and automation technologies that enable seamless interaction with other vehicles, infrastructure, and cloud-based systems. These vehicles utilize technologies such as V2X communication, LiDAR, radar, and artificial intelligence to enhance safety, reduce human error, and optimize traffic efficiency. CAVs range from partially automated vehicles with driver assistance features to fully autonomous self-driving cars. They play a crucial role in the development of smart transportation ecosystems, reducing accidents, lowering emissions, and improving mobility in urban environments.

United States market for Connected and Automated Vehicles (CAV) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Connected and Automated Vehicles (CAV) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Connected and Automated Vehicles (CAV) is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Connected and Automated Vehicles (CAV) players cover Tesla, Alphabet, GM Cruise, Bosch, Apollo‌, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Connected and Automated Vehicles (CAV) Industry Forecast” looks at past sales and reviews total world Connected and Automated Vehicles (CAV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Connected and Automated Vehicles (CAV) sales for 2025 through 2031. With Connected and Automated Vehicles (CAV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Connected and Automated Vehicles (CAV) industry.

This Insight Report provides a comprehensive analysis of the global Connected and Automated Vehicles (CAV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Connected and Automated Vehicles (CAV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Connected and Automated Vehicles (CAV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Connected and Automated Vehicles (CAV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Connected and Automated Vehicles (CAV).

This report presents a comprehensive overview, market shares, and growth opportunities of Connected and Automated Vehicles (CAV) market by product type, application, key players and key regions and countries.

Segmentation by Type:
Level L3
Level L4
Level L5

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tesla
Alphabet
GM Cruise
Bosch
Apollo‌
Ford
Mercedes-Benz
Toyota
‌Lucid Motors‌
‌Zoox
Daimler
Waymo
BMW
BYD

Please note: The report will take approximately 2 business days to prepare and deliver.