Connected Truck Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185686

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185686

Connected Truck Market

Growth Factors of Connected Truck Market

The global connected truck market size was valued at USD 26.39 billion in 2023 and is projected to grow from USD 30.53 billion in 2024 to USD 115.30 billion by 2032, exhibiting a CAGR of 18.1% during the forecast period of 2024-2032.

The COVID-19 pandemic disrupted the Connected Truck Market by inflicting transport chain delays and halting car production. However, it additionally boosted the call for telematics and fleet control systems as agencies sought to decorate logistics performance and protection at some point during the disaster, impeding the connected trucks market growth.

Critical elements within the Connected Truck Market are the developing need for progressed fleet manipulation, increased telematics adoption, and a growing call for fuel performance. Additionally, government policies on car protection and emissions and improvements in the IoT era are propelling the market boom.

ADAS is an era that helps automobile drivers handle and control their automobiles. They also increase general protection and comfort by utilising presenting capabilities such as lane departure signals to let drivers know that they are drifting out in their lane, emergency brake support that applies the brakes if able to avoid an accident, and adaptive cruise control that maintains a safe distance from the car previous to, all of these enhance the linked truck market proportion on the planet. Further, the driving pressure fatigue tracking systems have sensors that detect signs and symptoms of fatigue, including yawning or eyelid slumps, to notify drivers to take a break from driving to help avoid would-be accidents.

Comprehensive Analysis of Connected Truck Market

The Connected Truck Market is segmented primarily based on the form of communication and car type. In 2023, the Vehicle to Vehicle (V2V) communication section dominated due to its capability to create ad-hoc wi-fi networks beautifying avenue protection and placement tourist control, with companies like Tesla and Toyota investing closely in V2V generation. The automobile-to-cloud (V2C) phase is growing due to the call for superior infotainment and assist systems; at the same time, car-to-infrastructure (V2I) is expected to enlarge swiftly, driven by government investments in avenue protection and infrastructure. By automobile kind, light commercial enterprise motors held the most crucial marketplace share due to excessive production and contact with logistics, with heavy commercial motors seeing regular growth because of expanded rules on safety and luxury.

The North America region led the medical devices market by benefitting a size of USD 11.18 billion in 2023 due to the better adoption fee of clever trucks in advanced international locations like the U.S. and Canada.

The leading players in the connected truck market significantly shape its growth trajectory and set industry standards. Key players, including Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Daimler AG (Germany), Volvo AB (Sweden), Delphi Technologies (U.K.), Denso Corporation (Japan), HARMAN International (U.S.), Sierra Wireless, Inc. (Canada), and Magna International Inc. (Canada), contribute to a highly competitive landscape, driving innovation and advancing the market with cutting-edge technologies.

In February 2024, Geotab, an international leader in related transportation, partnered with Daimler Truck North America (DTNA) to streamline fleet control. This collaboration simplifies the management of mixed fleets by consolidating data from multiple OEMs and Geotab's GO devices into an unmarried, unified platform.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 18.1% (2024-2032)

Unit Value (USD Billion)

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

By Geography

- North America (By Communication Type, By Vehicle Type)

U.S. (By Vehicle Type)
Canada (By Vehicle Type)
Mexico (By Vehicle Type)

- Europe (By Communication Type, By Vehicle Type)

U.K. (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)

- Asia Pacific (By Communication Type, By Vehicle Type)

China (By Vehicle Type)
Japan (By Vehicle Type)
India (By Vehicle Type)
Rest of APAC (By Vehicle Type)

- Rest of the World (By Communication Type, By Vehicle Type)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships; 4.2. Porter’s Five Forces Analysis; 4.3. PEST Analysis; 4.4. Technological Developments; 4.5. Impact of COVID-19
5. Global Connected Truck Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Communication Type; 5.2.1. Vehicle to Vehicle (V2V); 5.2.2. Vehicle to Cloud (V2C); 5.2.3. Vehicle to Infrastructure (V2I); 5.3. Market Analysis, Insights and Forecast – By Vehicle Type; 5.3.1. Light Commercial Vehicle; 5.3.2. Heavy Commercial Vehicle; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Rest of the World
6. North America Connected Truck Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis – By Communication Type; 6.2.1. Vehicle to Vehicle(V2V); 6.2.2. Vehicle to Cloud(V2C); 6.2.3. Vehicle to Infrastructure(V2I); 6.3. Market Analysis – By Vehicle Type; 6.3.1. Light Commercial Vehicle; 6.3.2. Heavy Commercial Vehicle; 6.4. Market Analysis – By Country; 6.4.1. U.S.; 6.4.1.1. By Vehicle Type; 6.4.2. Canada; 6.4.2.1. By Vehicle Type; 6.4.3. Mexico; 6.4.3.1. By Vehicle Type
7. Europe Connected Truck Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis – By Communication Type; 7.2.1. Vehicle to Vehicle(V2V); 7.2.2. Vehicle to Cloud(V2C); 7.2.3. Vehicle to Infrastructure(V2I); 7.3. Market Analysis – By Vehicle Type; 7.3.1. Light Commercial Vehicle; 7.3.2. Heavy Commercial Vehicle; 7.4. Market Analysis – By Country; 7.4.1. U.K.; 7.4.1.1. By Vehicle Type; 7.4.2. Germany; 7.4.2.1. By Vehicle Type; 7.4.3. France; 7.4.3.1. By Vehicle Type; 7.4.4. Rest of Europe; 7.4.4.1. By Vehicle Type
8. Asia Pacific Connected Truck Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis – By Communication Type; 8.2.1. Vehicle to Vehicle(V2V); 8.2.2. Vehicle to Cloud(V2C); 8.2.3. Vehicle to Infrastructure(V2I); 8.3. Market Analysis – By Vehicle Type; 8.3.1. Light Commercial Vehicle; 8.3.2. Heavy Commercial Vehicle; 8.4. Market Analysis – By Country; 8.4.1. China; 8.4.1.1. By Vehicle Type; 8.4.2. Japan; 8.4.2.1. By Vehicle Type; 8.4.3. India; 8.4.3.1. By Vehicle Type; 8.4.4. Rest of Asia Pacific; 8.4.4.1. By Vehicle Type
9. Rest of the World Connected Truck Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis – By Communication Type; 9.2.1. Vehicle to Vehicle(V2V); 9.2.2. Vehicle to Cloud(V2C); 9.2.3. Vehicle to Infrastructure(V2I); 9.3. Market Analysis – By Vehicle Type; 9.3.1. Light Commercial Vehicle; 9.3.2. Heavy Commercial Vehicle
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Ranking Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. Robert Bosch GmbH (Germany); 10.5.1.1. Overview; 10.5.1.2. Products & services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. Continental AG (Germany); 10.5.2.1. Overview; 10.5.2.2. Products & services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. ZF Friedrichshafen AG (Germany); 10.5.3.1. Overview; 10.5.3.2. Products & services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. Daimler AG (Germany); 10.5.4.1. Overview; 10.5.4.2. Products & services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. Volvo AB (Sweden); 10.5.5.1. Overview; 10.5.5.2. Products & services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. Delphi Technologies (U.K); 10.5.6.1. Overview; 10.5.6.2. Products & services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. Denso Corporation (Japan); 10.5.7.1. Overview; 10.5.7.2. Products & services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. HARMAN International (U.S); 10.5.8.1. Overview; 10.5.8.2. Products & services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. Sierra Wireless, Inc.,(Canada); 10.5.9.1. Overview; 10.5.9.2. Products & services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability); 10.5.10. Magna International Inc. (Canada); 10.5.10.1. Overview; 10.5.10.2. Products & services; 10.5.10.3. SWOT Analysis; 10.5.10.4. Recent Developments; 10.5.10.5. Strategies; 10.5.10.6. Financials (Based on Availability)