Connected Truck Market By Communication Type (Vehicle-To-Vehicle, Vehicle-To-Cloud, Vehicle-To-Infrastructure), By Range (Dedicated Short Range , Long Range/Cellular Network), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, Mobility Management): Global Opportunity Analysis and Industry Forecast, 2021-2031
Connected truck provides real-time data of current fuel level, battery status, light status, and other information. Moreover, connected truck can also communicate and share data with other systems outside the truck with the aid of internet access. The growth of the connected truck market is witnessing growth, due to increase in use of telematics in automotive sector, and ease of vehicle diagnosis. However, threat of cyber-attacks, and lack of uninterrupted & seamless internet connectivity are the factors hampering the growth of the market. Furthermore, development of self-driving trucks is the factor expected to offer growth opportunities during the forecast period.
Launch of new connected trucks by several automobile manufacturing companies is the primary factor driving the growth of the market. For instance, in March 2021, Tata Motors launched its Ultra Sleek T-Series smart trucks with connected technology in India. These smart trucks are designed to meet the needs of the urban transportation. These trucks will be available in three variants such as T.6, T.7, and T.9. In June 2019, Eicher Trucks and Buses unveiled Eicher Pro 2000 Series, which is BS-VI compliant range of light-duty trucks. This series of trucks are equipped with Bluetooth connectivity, infotainment, touch-screen along with smart cabin with two driver configuration.
The connected truck market is segmented on the basis of communication type, range, vehicle type, application, and region. By communication type, it is classified into vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-cloud (V2C). By range, it is categorized into dedicated short range, and long range/cellular network. By vehicle type, it is categorized into light commercial vehicle, and heavy commercial vehicle. By application, it is fragmented into drive assistance, safety, entertainment, well-being, vehicle management, and mobility management. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the connected truck market analysis from 2021 to 2031 to identify the prevailing connected truck market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the connected truck market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global connected truck market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Communication Type
Vehicle-To-Vehicle
Vehicle-To-Cloud
Vehicle-To-Infrastructure
By Range
Dedicated Short Range
Long Range/Cellular Network
By Vehicle Type
Light Commercial Vehicles
Heavy Commercial Vehicles
By Application
Driver Assistance
Safety
Entertainment
Well-being
Vehicle Management
Mobility Management
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
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.
MiX Telematics
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