Connected Truck Market Size by Communication Type (Vehicle to Vehicle (V2V), Vehicle to Cloud (V2C), Vehicle to Infrastructure (V2I)), Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle): According to the report, The Global Connected Truck Market Size Was Valued At USD 54.27 Billion In 2023 And Is Projected To Reach USD 193.92 Billion By 2032, Growing At A CAGR Of 15.2% From 2024 to 2032.

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Market Overview

The term "connected truck" describes a commercial vehicle that has been outfitted with cutting-edge technology that enables it to interact with infrastructure, other vehicles, and a central hub. The most common way to accomplish this connectedness is with telematics systems, which collect and send data using sensors, GPS, and communication networks. This data is transmitted in real time to fleet managers or other stakeholders and may include information on driver behavior, location, and vehicle performance.

Connected Truck Market Top Key Player

  • Continental AG
  • AB Volvo
  • BorgWarner Inc.
  • Denso Corporation
  • Harman International
  • Magna International Inc.
  • Mercedes-Benz Group AG
  • Robert Bosch GmbH
  • Verizon Communications Inc.
  • ZF Friedrichshafen AG
  • Sierra Wireless Inc.
  • Geotab Inc.
  • TomTom International BV
  • Trimble Inc.
  • Other Key Players

Connected Truck Market Trend Analysis:

Market Drivers

  • Features like insurance telematics, real-time traffic updates, intelligent routing and tracking, automatic toll transactions, and prompt roadside help in the case of an accident or breakdown are all combined in telematics systems. Fuel cost reduction, resource management, and real-time communication are among the fleet operating KPIs that they are crucial to enhancing. Businesses are investing a lot of money in telematics technology advancements and the integration of telematics devices into commercial vehicles. For example, Navistar began implementing telematics devices as a standard feature on all new International Truck and IC Bus vehicle models in the Class 6-8 range, including electric variants, in March 2022.   

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Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Connected Truck Market 

Connected Truck Market Segmentation

By Communication Type

  • Vehicle to Vehicle (V2V)
  • Vehicle to Cloud (V2C)
  • Vehicle to Infrastructure (V2I)

By Vehicle Type

  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Regional Analysis:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Key questions answered in the Connected Truck Market are:

  • Which is the fastest growing region in the Connected Truck Market?
  • What is the growth rate of the Connected Truck Market?
  • What are the upcoming opportunities and trends for the Connected Truck Market?
  • What segments are covered in the Connected Truck Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Connected Truck Market?
  • Which are the factors expected to drive the Connected Truck Market growth?

Introspective Market Research is a trusted partner for comprehensive market research studies. We are committed to providing businesses worldwide with comprehensive market research studies that offer valuable insights and strategic guidance

Our study dives deep into the complete market ecosystem of the Connected Truck market, elucidating the functions and interdependencies of various market stakeholders. Through comprehensive segmentation analysis and geographical coverage, we facilitate a profound understanding of regional trends. Additionally, we explore external factors that impact the market dynamics.

Key Benefits Of Report: 

  • This study comprises analytical depiction of the Connected Truck Market size with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold.
  • The Connected Truck Market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current growth and Connected Truck Market forecast is quantitatively analyzed from 2017 to 2032 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

At Introspective Market Research (IMR), we are dedicated to providing in-depth insights across a wide range of industries. Below are some related reports:

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