Introduction

Smart Car Statistics: Smart cars are advanced vehicles equipped with technologies that enhance connectivity, automation, and efficiency.

Further, they feature IoT connectivity for navigation and communication, autonomous driving capabilities enabled by sensors and AI, and advanced safety systems like automatic emergency braking and collision detection.

The market is increasingly shifting towards electric vehicles (EVs) to reduce emissions. With significant investments in autonomous technology from automakers and tech companies.

However, challenges such as regulatory hurdles, consumer skepticism, and the need for compatible infrastructure persist.

The future of Smart Cars is expected to focus on continued technological advancements and improved communication networks. Leading to safer and more environmentally friendly transportation solutions.

Editor’s Choice

• The global smart car market revenue reached USD 67.3 billion in 2023.
• By 2032, the total smart car market is expected to reach USD 265.7 billion. With electric smart cars contributing USD 130.19 billion. Autonomous cars are USD 75.46 billion, and hybrid cars are USD 60.05 billion.
• The global smart car market is segmented by end-users, with passenger cars holding the largest share at 58%.
• In terms of smart mini passenger car revenue by country. Turkey leads with a substantial USD 1,251 million, reflecting a strong market presence and consumer demand.
• In 2023, the Tesla Model Y led the global market as the best-selling plug-in electric vehicle. With impressive sales totaling 1,211.6 thousand units.
• The value of R&D investments in the connected smart car market in Japan is projected to reach 566 billion yen by 2025.
• BMW introduced the i Vision DEE concept at CES 2023. Featuring 240 customizable E Ink panels that allow the car’s exterior color to change.

Smart Car Market Overview

Global Smart Car Market Size Statistics

• The global smart car market has shown a steady upward trajectory in revenue at a CAGR of 17%. Reflecting the growing adoption of advanced automotive technologies.  
• In 2022, the market revenue was recorded at USD 57.5 billion. Which is expected to rise to USD 67.3 billion in 2023.
• The trend continues, with projections indicating that the market will reach USD 77.2 billion in 2024. Followed by a significant growth to USD 93.8 billion in 2025.
• By 2026, the revenue is anticipated to reach USD 111.8 billion, continuing its expansion to USD 128.4 billion in 2027.
• Further growth is projected for 2028, with revenue expected to hit USD 141.8 billion, and by 2029, the market is forecasted to reach USD 165.9 billion.
• Entering the next decade, the market is expected to witness substantial growth. Reaching USD 195.5 billion in 2030 and USD 222.9 billion in 2031. Culminating in an impressive USD 265.7 billion by 2032.
• This growth can be attributed to increased demand for connectivity, automation, and enhanced vehicle performance through smart technologies.

(Source: market.us)

Global Smart Car Market Size – By Type Statistics

2022-2026

• The global smart car market is expected to experience robust growth across various segments. Including electric, autonomous, and hybrid smart cars.
• In 2022, the total market revenue was USD 57.5 billion, with electric smart cars contributing USD 28.18 billion. Autonomous smart cars generate USD 16.33 billion, and hybrid smart cars account for USD 13.00 billion.
• This upward trend is projected to continue, with total market revenue reaching USD 67.3 billion in 2023, of which electric smart cars will contribute USD 32.98 billion. Autonomous cars are USD 19.11 billion, and hybrid cars are USD 15.21 billion.
• By 2024, total revenue is expected to rise to USD 77.2 billion, with electric, autonomous, and hybrid cars contributing USD 37.83 billion, USD 21.92 billion, and USD 17.45 billion, respectively.
• Substantial growth is forecasted for 2025, with market revenue anticipated to reach USD 93.8 billion. Including USD 45.96 billion from electric smart cars. USD 26.64 billion from autonomous cars, and USD 21.20 billion from hybrid models.
• By 2026, the market is projected to grow further to USD 111.8 billion. With electric cars accounting for USD 54.78 billion, autonomous cars USD 31.75 billion, and hybrid cars USD 25.27 billion.

2027-2032

• This growth trend is expected to continue in 2027, with a total market size of USD 128.4 billion. With contributions from electric (USD 62.92 billion), autonomous (USD 36.47 billion), and hybrid smart cars (USD 29.02 billion).
• In 2028, total revenue is projected to be USD 141.8 billion, with electric smart cars contributing USD 69.48 billion. Autonomous cars are USD 40.27 billion, and hybrid models are USD 32.05 billion.
• By 2029, the market is forecasted to expand to USD 165.9 billion, with electric cars making up USD 81.29 billion. Autonomous cars are USD 47.12 billion, and hybrid cars are USD 37.49 billion.
• In 2030, the total market size is expected to reach USD 195.5 billion. With electric smart cars accounting for USD 95.80 billion, autonomous cars USD 55.52 billion, and hybrid cars USD 44.18 billion.
• By 2031, the market is projected to grow to USD 222.9 billion. With contributions of USD 109.22 billion from electric smart cars. USD 63.30 billion from autonomous cars, and USD 50.38 billion from hybrid models.
• Finally, by 2032, the total smart car market is expected to reach USD 265.7 billion. With electric smart cars contributing USD 130.19 billion, autonomous cars USD 75.46 billion, and hybrid cars USD 60.05 billion.
• This growth across all segments reflects increasing consumer demand for eco-friendly, autonomous, and technologically advanced vehicles.

(Source: market.us)

Global Smart Car Market Share – By End-user Statistics

• The global smart car market is segmented by end-users, with passenger cars holding the largest share at 58%.
• This dominance can be attributed to the rising consumer demand for advanced vehicle technologies, connectivity, and automation in personal transportation.
• Commercial cars account for 26% of the market, reflecting the growing use of smart technologies in logistics, public transportation, and fleet management to enhance operational efficiency and safety.
• The remaining 16% of the market is comprised of other end-users. Which include various specialized applications and industries that are also adopting smart car technologies to meet specific operational needs.

(Source: market.us)

Connected Car Market Overview

Global Connected Car Market Size

• The global connected car market has experienced significant growth over recent years despite a slight decline in 2020.
• In 2019, the market size stood at USD 63.2 billion but dropped to USD 55.56 billion in 2020. Likely due to the global economic impact of the COVID-19 pandemic.
• However, the market rebounded in 2021, reaching USD 64.87 billion, and continued its upward trajectory with a market size of USD 75.74 billion in 2022.
• This growth is expected to persist, with projections for 2023 indicating a market size of USD 88.42 billion, followed by a further increase to USD 103.24 billion in 2024.
• By 2025, the market is forecasted to grow to USD 120.53 billion. Continuing to expand to USD 140.73 billion in 2026.
• In subsequent years, the market is expected to reach USD 164.3 billion in 2027 and USD 191.83 billion by 2028. Driven by the increasing demand for connected vehicle technologies that enhance safety, connectivity, and user experience.

(Source: Statista)

Global Revenue for In-Car Connected Services – By Segment

• The projected global revenue for in-car connected services between 2020 and 2030 highlights substantial growth across different segments, particularly in B2B monetization.
• In 2020, the revenue from B2B monetization of connected services (on top) was USD 8.9 billion. While the B2B monetization of 5th screen content generated USD 0.3 billion.
• By 2025, these figures are expected to grow significantly, with B2B monetization of connected services reaching USD 31.5 billion and 5th screen content increasing to USD 2.9 billion.
• This upward trend is projected to continue through 2030. Revenues from B2B monetization of connected services are expected to rise to USD 79.3 billion. While the 5th screen content segment is anticipated to generate USD 7.8 billion.
• This growth underscores the increasing importance of connected services and in-car digital content as vehicles become more integrated with digital ecosystems.

(Source: Statista)

Passenger Smart Cars Statistics

Smart Mini Passenger Car Sales Statistics

• The sales of smart mini-passenger cars have shown notable fluctuations over the years, with periods of both growth and decline.
• In 2014, sales were recorded at 109.6 thousand vehicles, followed by a significant increase to 146.6 thousand in 2015 and 153.4 thousand in 2016.
• However, in 2017, sales dropped slightly to 145.8 thousand and continued to decline marginally to 144.6 thousand in 2018.
• A rebound occurred in 2019, with sales rising to 159.9 thousand vehicles.
• In 2020, sales saw a sharp drop to 110.1 thousand, largely due to the effects of the global pandemic.
• The market recovered strongly in 2021, with sales reaching 207.3 thousand, and continued its upward trajectory, achieving 235.9 thousand in 2022.
• In 2023, sales declined slightly to 216.8 thousand but are projected to stabilize and grow again in the coming years.
• By 2024, sales are expected to reach 217.3 thousand, followed by further growth to 228.3 thousand in 2025, 236.9 thousand in 2026, 239.6 thousand in 2027, and 240.6 thousand in 2028.
• This steady increase indicates a growing demand for smart mini-passenger cars. Driven by advancements in automotive technologies and consumer preferences for compact, connected vehicles.

(Source: Statista)

Smart Mini Passenger Car Share – By Fuel or Drive-Type Statistics

• The distribution of fuel or drive-type shares in smart mini-passenger cars has evolved significantly over the years from 2014 to 2028.
• In 2014, the market was overwhelmingly dominated by petrol-driven models, constituting 96.84% of the share.
• However, a gradual shift towards electric models is evident. Starting from a modest 2.68% in 2014 to a dominant 69.88% by 2028.
• Notably, hybrid models were not present until 2018. Which then accounted for 16.96% of the market share, indicating a rapid adoption phase post-introduction.
• The share of alternative diesel vehicles also saw varied trends, initially representing only 0.48% in 2014 and experiencing fluctuations. Reaching a peak of 14.52% in 2021 before diminishing to 3.54% in 2028.
• Petrol cars, which once dominated, have significantly decreased to just 5.85% by 2028.
• This shift illustrates a clear consumer and industry move towards more sustainable electric and hybrid vehicles. Reflecting broader automotive market trends towards electrification and reduced reliance on traditional fossil fuels.

(Source: Statista)

Passenger Smart Mini Car Revenue – By Country Statistics

• In terms of smart mini passenger car revenue by country, Turkey leads with a substantial USD 1,251 million, reflecting a strong market presence and consumer demand.
• Germany follows closely with a revenue of USD 1,048 million, underscoring its significant role in the European automotive market.
• Italy also shows notable revenue at USD 394 million.
• Belgium and Spain contribute USD 202 million and USD 152 million, respectively. Indicating a robust interest in smart mini-passenger cars in these regions.
• Further down the list, Poland recorded a revenue of USD 98 million. While Portugal and Sweden closely followed with USD 85 million and USD 84 million, respectively.
• France and the United Kingdom show lower revenue figures in this category. France generated USD 64 million and the United Kingdom USD 53 million.
• Lastly, the Netherlands rounds out the list with a revenue of USD 43 million. Reflecting a smaller but still significant market for smart mini-passenger cars.

(Source: Statista)

Smart Electric Car Statistics

Best-selling Electric Car Models

• In 2023, the Tesla Model Y led the global market as the best-selling plug-in electric vehicle. With impressive sales totaling 1,211.6 thousand units.
• This was followed by the BYD Song Plus, which includes both battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) versions, with sales of 636.53 thousand units.
• The Tesla Model 3 also showed strong performance, with sales reaching 529.29 thousand units.
• Other notable models from BYD included the Qin Plus (BEV + PHEV) with 456.31 thousand units sold. The Yuan Plus (also known as Atto 3) with 418.99 thousand units, and the Dolphin with 354.59 thousand units.
• The BYD Seagull followed with sales of 254.18 thousand units.
• The Wuling Hong Guang MINI EV and GAC Aion Y also performed well. Recording sales of 237.92 thousand units and 235.86 thousand units, respectively.
• The BYD Han (BEV + PHEV) and GAC Aion 5 recorded sales of 228.01 thousand units and 220.92 thousand units, respectively.
• The Volkswagen ID 4 rounded out the list with 192.69 thousand units sold. Highlighting a diverse and competitive landscape in the electric vehicle market for the year.

(Source: Statista)

Global Plug-in Electric Vehicle Market Share – By Main Manufacturer

• In 2023, the global plug-in electric vehicle market was characterized by a diverse group of manufacturers, with BYD leading the pack by capturing a significant 22% of the market share.
• Tesla Inc. followed as a major player, holding 13.20% of the market. Demonstrating its strong influence in the electric vehicle sector.
• The VW Group also made a notable contribution, securing 7.30% of the market share.
• Close behind was the Geely-Volvo Car Group, which accounted for 6.80%. Illustrating the growing prominence of hybrid and fully electric models under their brand umbrella.
• SAIC, another key competitor, held 5.80% of the market, reflecting its solid presence in the electric vehicle industry.
• The remaining market share was held by various other manufacturers, collectively accounting for 45%.
• This indicates a highly competitive and fragmented market landscape where numerous smaller and emerging companies are vying for a foothold alongside established giants.

(Source: Statista)

Smart Car Sales Trends in North America Statistics

United States

• In 2023, the US market for battery-electric cars was dominated by Tesla. With the Model Y leading as the best-selling model, registering 403,700 new units.
• The Tesla Model 3 was also highly popular, with 209,000 units sold.
• The Chevrolet Bolt from General Motors followed with 62,045 units, indicating a solid performance.
• Rivian’s offerings, including the R1T, R1S, and EDV 700, also made a significant impact with 50,122 units.
• Ford’s Mustang Mach-E trailed slightly behind with 40,771 units, while Volkswagen’s ID4 recorded 37,789 new registrations.
• The Hyundai IONIQ 5 saw 33,918 units registered, demonstrating its growing presence in the electric vehicle market.
• Tesla’s Model X and Model S continued to attract buyers, with sales reaching 31,000 and 18,000 units, respectively.
• Ford’s F-150 Lightning posted sales of 24,165 units, showing strong interest in electric trucks.
• Lastly, Kia’s EV6 rounded out the list with 18,879 units. Underscoring the diverse offerings available in the US market for electric vehicles in 2023.

(Source: Statista)

Canada

• The number of new registrations for battery electric cars in Canada has shown a notable increase from 2012 to 2022.
• Starting with a modest 0.62 thousand registrations in 2012, there was a gradual rise over the following years, reaching 1.6 thousand in 2013 and 2.8 thousand in 2014.
• The momentum continued, with registrations increasing to 4.4 thousand in 2015 and 5.2 thousand in 2016.
• A significant jump occurred in 2017, with registrations nearly doubling to 8.7 thousand.
• The growth accelerated dramatically in 2018, with registrations soaring to 23 thousand.
• This upward trend persisted, with 32 thousand new registrations in 2019 and an increase to 37 thousand in 2020 despite the global challenges posed by the pandemic.
• The market for electric cars expanded substantially in 2021, with registrations climbing to 59 thousand and reaching a peak of 85 thousand in 2022. Reflecting a strong and growing acceptance of electric vehicles in Canada.

(Source: Statista)

Smart Car Sales Trends in Europe Statistics

Overall Sales

• Smart car sales in Europe from 2011 to 2019 exhibited varied trends, with noticeable fluctuations throughout the period.
• In 2011, sales started relatively strong at 79,730 units.
• However, there was a decline over the next three years, with sales dropping to 69,926 units in 2012. Further decreasing to 65,407 units in 2013, and reaching a low of 55,629 units in 2014.
• A significant rebound occurred in 2015, with sales surging to 95,868 units.
• This upward trend continued into 2016 when sales peaked at 105,295 units.
• Afterward, sales slightly declined but remained relatively stable, with 98,954 units sold in 2017 and a marginal increase to 98,966 units in 2018.
• By 2019, sales experienced another rise, reaching 114,616 units. Indicating a resurgence in demand for smart cars towards the end of the decade.
• This pattern reflects the dynamic nature of the European market’s response to smart cars during this period.

(Source: Statista)

Germany

• The number of Smart cars sold in Germany from 2008 to 2022 demonstrated a varied trajectory with several peaks and troughs.
• Sales started robustly in 2008 with 33,805 units and slightly increased in 2009 to 33,980 units.
• However, from 2010 onwards, a declining trend emerged, with sales dropping to 29,069 units in 2010 and further to 26,009 units by 2013. The lowest point came in 2014, with just 22,408 units sold.
• A significant revival in sales was seen in 2015 when the figure jumped to 37,808 units. Roughly maintaining this level through 2016 and 2017.
• Sales grew significantly in 2018 to 41,094 units and then surged to a peak of 49,138 units in 2019.
• However, a dramatic decline followed in 2020, with sales plummeting to 16,051 units, likely due to the impact of the COVID-19 pandemic.
• There was a partial recovery in 2021, with 24,023 units sold, but another sharp decline occurred in 2022, with sales falling to 12,190 units. Marking the lowest annual sales figure since the start of this recorded period.
• This pattern reflects the significant fluctuations in the automotive market and the particular challenges faced in the later years of the timeline.

(Source: Statista)

France

• From 2009 to 2021, the sales of smart cars in France experienced fluctuations with noticeable shifts in consumer interest and market dynamics.
• In 2009, sales were relatively high at 7,919 units but began a downward trend over the following years, decreasing to 6,408 in 2010 and continuing to drop to a low of 4,149 units by 2014.
• However, a significant rebound occurred in 2015, with sales climbing to 8,107 units, and further improvement was seen in 2016 when sales peaked at 8,980 units.
• This resurgence was somewhat short-lived as a slight decline followed. With sales dipping to 8,162 in 2017 and then to 7,446 in 2018.
• A surge in sales occurred in 2019, reaching 10,494 units, marking the highest point within this period.
• The subsequent years saw a dramatic decline, particularly impacted by the COVID-19 pandemic. With sales plummeting to 1,692 in 2020 and marginally decreasing further to 1,602 in 2021.
• This sharp drop in the later years reflects broader market challenges and shifts in consumer behavior.

(Source: Statista)

United Kingdom (UK)

• Smart car sales in the United Kingdom from July 2016 to December 2019 showcased a series of peaks and troughs over the period.
• The sales started at 873 units in July 2016 and saw fluctuations, with a notable peak in September 2016 when 2,381 units were sold.
• This high level was approached again in March 2017 with 2,172 units and in September 2017 with 1,701 units sold.
• Throughout 2018, March and September again showed higher sales figures, with 1,201 and 1,583 units, respectively, compared to other months, which generally hovered below 1,000 units.
• In 2019, a significant decline in sales momentum was evident, beginning the year with 490 units in January and steeply declining to as low as 38 units by December.
• This decline marked a significant shift in sales dynamics over the observed period, reflecting perhaps broader market trends or shifts in consumer preferences towards the end of the decade.

(Source: Statista)

Netherlands

• The sales of Smart Fortwo cars in the Netherlands from 2008 to 2020 demonstrated a general downward trend with some fluctuations in the earlier years.
• Initially, sales began relatively strong, with 960 units in 2008, but by the following year, the number dropped to 766 and continued to decline slightly to 754 in 2010.
• There was a brief uptick in 2011, with sales rising to 913 units; however, a sharp decline occurred in 2012, with sales dropping to 479 units.
• The trend continued to falter, reaching a low of 346 in 2013.
• A slight recovery was seen in 2014 and 2015, with sales increasing to 408 and 452 units, respectively.
• However, sales fell again to 335 in 2016, recovered slightly to 420 in 2017, and then dropped once more to 325 in 2018.
• The final years showed a more drastic decline, with sales plummeting to 128 in 2019 and drastically falling to just 33 units in 2020, indicating a significant decrease in the demand for Smart Fortwo cars over a decade.

(Source: Statista)

Belgium

• The number of Smart cars sold in Belgium from 2010 to 2020 experienced fluctuations and a notable decline in the final year.
• In 2010, sales started at 1,188 units, increasing slightly in 2011 to 1,299 units.
• However, a decline was observed in 2012, with sales dropping to 746 units, and this downward trend continued into 2013 and 2014, with sales reaching 667 and 673 units, respectively.
• A significant recovery occurred in 2015, when sales more than doubled to 1,352 units, beginning a period of growth that peaked in 2017 with 1,768 units sold.
• This was followed by a slight decrease in 2018 to 1,741 units, but sales remained relatively high until a drop to 1,557 units in 2019.
• A dramatic fall in sales was seen in 2020, plummeting to just 152 units, indicating a sharp decline in demand or perhaps market changes that adversely affected sales.
• This trend shows a generally positive performance mid-decade, with a stark reversal in the final year.

(Source: Statista)

Smart Car Sales Trends in Asia Pacific Statistics

China

• In 2022, the new energy vehicle sales in China were led by several key original equipment manufacturers (OEMs), with BYD dominating the market, selling 1,583,220 vehicles.
• This was significantly higher than other manufacturers, reflecting BYD’s strong position in China’s electric vehicle sector.
• Tesla Inc. also made a significant impact with sales of 441,697 vehicles, closely followed by GM-Wuling, which sold 446,762 vehicles.
• Changan Automobile was another major player, with sales amounting to 221,781 vehicles.
• GAC Aion was not far behind, registering 213,838 vehicle sales. Chery Automobile and Geely also had substantial sales, recording 174,675 and 157,945 vehicles, respectively.
• Smaller yet notable contributions came from Hozon and Li Auto (Ideal), who sold 146,099 and 135,296 vehicles, respectively. Xpeng completed the list with 120,449 vehicles sold, indicating a competitive and diverse market for new energy vehicles in China for the year.

(Source: Statista)

Japan

• From fiscal year 2017 to 2022, the sales volume of new battery electric vehicles (BEVs) in Japan showed significant variability across different vehicle types.
• In 2017, passenger car sales were 23.63 thousand units, light vehicles (kei cars) sold 0.46 thousand units, and other types of BEVs accounted for 0.09 thousand units.
• Sales of passenger cars saw a slight decline in 2018 to 23.01 thousand units and continued to drop over the next few years, reaching a low of 14.36 thousand units in 2020.
• However, there was a recovery in 2021, with sales climbing to 24.12 thousand units and then a notable surge in 2022 to 35.53 thousand units.
• Light vehicle sales experienced dramatic growth, particularly in 2022. After relatively stable figures in the earlier years, with a minor peak of 1.48 thousand units in 2020, sales skyrocketed to 43.81 thousand units in 2022.
• Sales of other types of BEVs fluctuated, peaking at 0.4 thousand units in 2020 and settling at 0.61 thousand units in 2022.
• This trend reflects a growing market for BEVs in Japan, particularly the explosive growth in the light vehicle segment, which became markedly more popular by the end of the period.

(Source: Statista)

South Korea

• In South Korea in 2023, the electric vehicle market showcased strong sales among various models, with the Porter 2 EV by Hyundai leading the chart, having sold 25,799 units.
• Kia’s EV6 was followed by notable sales of 17,227 units, closely trailed by another Hyundai model, the Ioniq 5, which sold 16,335 units.
• The Bongo 3 EV, also by Kia, recorded sales of 15,152 units, indicating a robust preference for Kia’s electric offerings.
• Tesla’s Model Y also performed well, with sales reaching 13,885 units. Hyundai’s Ioniq 6 and Kia’s EV9 were next in line, with sales of 9,284 and 8,052 units, respectively, showing considerable market presence.
• The Nexo, another Hyundai model, along with Kia’s Niro EV and Ray EV, had lower but significant sales of 4,328, 4,245, and 3,727 units, respectively, rounding out the list of top-selling electric vehicles in South Korea for the year.
• These figures reflect a strong and diverse electric vehicle market, driven by a mix of domestic giants like Hyundai and Kia and international players such as Tesla.

(Source: Statista)

Africa and the Middle East

• Electric vehicle sales in Africa and the Middle East have shown a dramatic increase from 2016 to a projected figure for 2026.
• Starting from a modest base of 642 units in 2016, sales more than doubled to 1,298 units in 2017.
• The upward trajectory continued with a significant jump to 4,542 units in 2018, followed by a smaller increase to 5,178 units in 2019.
• The growth accelerated in 2020, with sales nearly doubling again to 9,900 units.
• This trend of rapid growth persisted into 2021 when sales surged to 19,350 units.
• Looking ahead to 2026, the sales of electric vehicles are projected to more than double once again, reaching an impressive total of 45,000 units.
• This consistent growth pattern underscores a growing acceptance and demand for electric vehicles in the regions of Africa and the Middle East, reflecting broader global trends towards electrification and sustainable transportation solutions.

(Source: Statista)

Consumer Demographics of Smart Car Owners Statistics

Age

• As of May 2022, the likelihood of purchasing electric vehicles in the United States varied significantly across different age groups.
• Among the youngest demographic, those aged 18-29, a majority of 55% reported being very or somewhat likely to purchase an electric vehicle, while 32% were not too or not at all likely, and 12% did not plan to purchase a vehicle at all.
• In the 30-49 age group, 47% expressed a likelihood to purchase, with a higher resistance seen at 42% who were not too or not at all likely, and 11% not planning to buy a vehicle.
• Among those aged 50-64, the enthusiasm decreased further, with only 34% likely to buy an electric vehicle and 52% unlikely, alongside 13% not planning to purchase.
• The least interest was observed in the oldest surveyed group, those 65 years old and over, where just 31% were likely to buy an electric vehicle, matched by 52% unlikely and a higher disinterest in vehicle purchasing generally, at 17%.
• This data indicates a clear trend where younger consumers are more inclined towards electric vehicle ownership compared to older ones, reflecting generational differences in openness to adopting new technologies and sustainable solutions.

(Source: Statista)

Generation

• In 2019, the ownership rates of smart or connected car devices among different generations in the United Kingdom displayed distinct generational differences.
• Overall, 15.90% of respondents reported owning such devices.
• Among the youngest demographic, Generation Z, the ownership was slightly higher than the average at 16.70%.
• Millennials showed the highest enthusiasm for these technologies, with 22% owning smart or connected car devices, indicating a strong affinity for digital and connected technologies among this age group.
• Generation X had a lower rate of adoption at 12%, and Baby Boomers had the lowest at 10.10%, reflecting a decreasing trend in technology adoption as age increases.
• This pattern highlights the generational divide in the acceptance and usage of automotive technology enhancements in the UK.

(Source: Statista)

Gender

• As of November 2021, in the United Kingdom, the self-reported gender distribution among electric vehicle drivers showed a significant disparity.
• Men constituted a large majority of electric vehicle drivers, representing 76% of respondents. In contrast, women made up a smaller portion, accounting for only 23% of those surveyed.
• This notable gender gap indicates that men are more likely to adopt electric vehicle technology compared to women, suggesting potential barriers or differing levels of interest and engagement with electric vehicles across genders in the UK.

(Source: Statista)

Connected Cars: Services Market Potential

• By 2030, the vehicle-centric connected services market is expected to exhibit substantial growth in key regions around the world, reflecting the increasing integration of connectivity in automotive technologies.
• China is projected to lead this market, with a potential value estimated at USD 39.5 billion, underscoring the country’s rapid advancement and adoption of connected car technologies.
• The United States follows with a significant market potential of USD 19.6 billion, indicative of robust consumer interest and technological infrastructure supporting connected services.
• The European Union also shows a strong market potential, with a forecasted value of USD 16.7 billion, reflecting the region’s commitment to innovation and digital integration in the automotive sector.
• These figures highlight the global momentum towards more interconnected and technologically-equipped vehicles across major markets.

(Source: Statista)

Consumer Preferences

Importance of Services in Connected Cars for Customers

• In 2021, customer preferences for services in connected cars varied significantly across Germany, China, and the United States, reflecting distinct priorities in different markets.
• In China, a remarkably high value was placed on most connected car services, with safety being considered important by 97% of respondents, followed by navigation and vehicle management at 94% and 87%, respectively.
• Additionally, lifestyle and comfort services, as well as infotainment/entertainment, were valued by 87% and 68% of Chinese respondents, indicating a broad acceptance of diverse connected car features.
• In Germany, safety and navigation were also highly valued at 69% and 71%, respectively.
• Still, there was less emphasis on other services like vehicle management and lifestyle comfort, which only garnered 34% and 19% importance, respectively.
• In the United States, safety was considered important by 66% of the respondents, closely followed by navigation at 62%.
• However, other services such as on-demand car functions, vehicle management, and lifestyle and comfort were less prioritized, with importance ratings hovering around the mid-forties to high-fifties percentage range.
• The data demonstrates a strong demand for safety and navigation features across all three countries. At the same time, there is a more varied interest in additional functionalities, particularly in China, where there is a broader acceptance of technology-driven features in connected cars.

(Source: Statista)

Importance of Functions in Connected Cars to Customers

• In 2021, the importance of various functions in connected cars varied across Germany, China, and the United States, reflecting distinct consumer preferences influenced by regional market trends.
• In China, there was a notably high emphasis on most connected car functions. Particularly on extending battery range and utilizing traffic jam pilot features, which 90% and 84% of respondents respectively found important.
• Air condition navigation was also highly valued at 86%. Followed closely by features like increasing engine power and parking pilot, valued at 79% and 81%, respectively.
• In the United States, 78% of respondents considered air condition navigation to be important, indicating a strong preference for comfort and convenience. Engine power increase and advanced headlight functions also received relatively high importance at 64% and 60%.
• However, American consumers showed less interest in more automated features such as traffic jams and parking pilots, valued only at 33% and 23%.
• German preferences were generally more conservative across these functions compared to China but were aligned closely with American values in some areas. Air condition navigation was important for 67% of respondents, and advanced headlight functions for 59%.
• Yet, like in the US, lower percentages were evident in automated driving features such as automated valet parking and parking pilot, at 24% and 28%, respectively.
• Overall, these trends illustrate a clear regional divergence in the perceived importance of connected car functions, with Chinese consumers showing a broader acceptance and enthusiasm for a range of technological enhancements.
• In contrast, German and American consumers exhibit more selective preferences, especially concerning automation and comfort features.

(Source: Statista)

Key Investments

• The value of R&D investments in the connected smart car market in Japan has shown a significant upward trajectory from 2015 to a projected value in 2025.
• In 2015, investments totaled 103.8 billion Japanese yen, which marked the beginning of a steady increase over the following years.
• By 2016, investments had risen to 141.8 billion yen, and this growth trend continued robustly into 2017, with investments reaching 190.6 billion yen.
• The year 2018 saw further growth to 220.6 billion yen. Followed by a more pronounced increase in 2019, where investments climbed to 269 billion yen.
• The upward trend persisted into 2020, with R&D investments reaching 295.5 billion yen. Indicating a sustained commitment to developing connected smart car technologies.
• Looking ahead to 2025, investments are expected to nearly double from 2020 levels, reaching an impressive 566 billion yen. This reflects the increasing importance and prioritization of R&D in advancing Japan’s connected smart car capabilities and innovations.
• This progression underscores Japan’s proactive approach to enhancing its automotive industry through significant investments in research and development.

(Source: Statista)

Innovations and Developments in Smart Car Technology Statistics

• Innovations and developments in smart car technology have been particularly notable in 2023, with companies like Toyota, BMW, and Audi leading the way.
• Toyota is set to revolutionize the market with its new hydrogen business strategy and advanced battery electric vehicles (BEVs), aiming to be a world leader in BEV energy consumption by 2030​.
• BMW introduced the i Vision DEE concept at CES 2023, featuring 240 customizable E Ink panels that allow the car’s exterior color to change.
• Audi has enhanced its vehicles to support immersive virtual reality (VR) experiences, transforming the backseat into an interactive hub.
• Furthermore, developments in AI and vehicle-to-vehicle communications are set to increase road safety and efficiency. As exemplified by the next generation of Apple CarPlay, which supports multi-display and instrument cluster integration across various vehicle models.
• Moreover, these advancements signify a dynamic shift towards more connected, efficient, and user-centered automotive technologies. Underlining the automotive industry’s swift adaptation to consumer needs and environmental standards.

(Source: Toyota, TechRadar, Business Insider, McKinsey & Company, Plug and Play Tech Center)

Regulations for Smart Cars

• In the realm of smart car regulations, significant advancements have been made globally. With a particular focus on reducing emissions and enhancing the infrastructure necessary for electric vehicles (EVs).
• For instance, the Environmental Protection Agency (EPA) in the United States has introduced stringent Multi-Pollutant Emissions Standards for light-duty and medium-duty vehicles, effective from model year 2027.
• These regulations aim to lower harmful pollutants, thereby reducing smog and improving public health. While also decreasing greenhouse gas emissions and lowering fuel and maintenance costs for drivers​.
• Moreover, the European Union and other major economies are making concerted efforts to support the transition to zero-emission road transport. Recent policies include substantial investments in EV supply chains and charging infrastructure. Recognizing these as critical components for accelerating EV adoption.
• The Inflation Reduction Act in the US, along with initiatives like the Green Deal Industry Plan in the EU. Underscores a growing commitment to fostering domestic EV manufacturing capacities and reducing dependency on traditional combustion engines. ​
• These regulatory efforts are complemented by various national incentives and infrastructural developments aimed at boosting the EV market.
• Countries like China, India, and Morocco are actively promoting local manufacturing of EVs and related components. Which is seen as a strategic move to strengthen economic capabilities and environmental sustainability​.
• Such global regulatory frameworks and policies are instrumental in shaping the future of smart transportation. Aligning technological advancements with environmental stewardship and economic development.

(Source: US EPA, IEA)

Recent Developments

Acquisitions and Mergers:

• Nvidia acquires DeepMap: In 2023, Nvidia, a leader in AI technology, acquired DeepMap. A company specializing in high-definition mapping for autonomous vehicles, for $125 million. This acquisition strengthens Nvidia’s capabilities in developing smart car technology, particularly in the self-driving sector.
• Hyundai acquires Boston Dynamics: In 2023, Hyundai finalized its acquisition of Boston Dynamics for $1.1 billion. The acquisition aims to integrate robotics and AI into smart car platforms. Focusing on enhancing autonomous driving features and in-car AI systems.

New Product Launches:

• Tesla introduces Full Self-Driving (FSD) Beta 10: In late 2023, Tesla launched the FSD Beta 10 software. Offering improved autonomous driving capabilities with enhanced AI-driven safety features. The update includes better lane handling and real-time decision-making in complex driving environments.
• BMW launches iX5 Hydrogen SUV: In January 2024, BMW introduced the iX5 Hydrogen SUV. A smart car that integrates hydrogen fuel technology with advanced AI systems for navigation and driving assistance. This new launch reflects BMW’s push toward sustainability and smart mobility.

Funding:

• Waymo raises $2.5 billion in funding: In 2023, Waymo, Google’s self-driving car subsidiary, raised $2.5 billion in a funding round to expand its autonomous vehicle technology and smart car innovations. This funding will support Waymo’s goal of launching fully autonomous vehicles in the next few years.
• Aptiv secures $500 million for smart car solutions: In early 2024, Aptiv, a company specializing in smart car electronics and software. Secured $500 million to enhance its offerings in connected car solutions, focusing on improving AI and IoT integration for future smart vehicles.

Technological Advancements:

• 5G integration in smart cars: By 2025, 60% of new smart cars are expected to come equipped with 5G technology, enabling faster data transmission. Real-time vehicle-to-vehicle communication, and improved in-car connectivity.
• AI and machine learning in smart cars: AI-powered systems are becoming more integral in smart cars. By 2026, 45% of new cars will have AI-based predictive maintenance. Enhanced safety features, and driver assistance systems integrated as standard features.

Conclusion

Smart Car Statistics – The smart car market is rapidly evolving, driven by advancements in connectivity, automation, and sustainability.

Rising global demand for electric, autonomous, and connected vehicles is fueling growth, with significant R&D investments, especially in Japan and China.

Further, key trends show a shift towards electric and hybrid models, with consumers prioritizing safety, navigation, and convenience features.

Leading automakers like Tesla and BYD are spearheading innovation, while regional variations in adoption reflect diverse consumer preferences.

Finally, the future looks promising as smart car technology continues to make vehicles more efficient and adaptable to modern needs.

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