According to Omdia's latest research, the number of connected vehicles worldwide is expected to exceed 1.05 billion, more than double the 473.7 million vehicles in 2025, with a compound annual growth rate of 8.3%. As the market continues to expand, the next phase of connected vehicle development will focus more on stricter service level agreements, air download update plans, and service-oriented architectures that can bring cyclical revenue opportunities.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.