Global Connected Truck Market Overview

The Global Connected Truck Market Size Was Valued At USD 41.18 Billion In 2021 And Is Projected To Reach USD 107.55 Billion By 2028, Growing At A CAGR Of 14.7% From 2022 To 2028.

An advanced driver assistance system (ADAS) and a fleet management system (FMS), which display vehicle upgrades, driver-support systems, fuel management, and other information on the screen, are two examples of modern technologies that are included in a connected truck's equipment. Connectivity improves fleet management and cuts down on vehicle downtime. The increasing global preference for efficient transportation services is one of the key drivers of demand. One of the most significant changes changing the trucking industry is the use of connected truck technologies. Another is electrification. During the projection period, it is anticipated that increasing digitalization and the adoption of cutting-edge technology in the transportation sector would drive demand for smart trucks. Smart trucks communicate and exchange data with other vehicles via the internet, improving traffic safety and productivity. Additionally, the owner of these trucks can handle logistics and transportation tasks effectively because of the ease with which they can be tracked and the access to real-time information about the operational state that they provide. The need for intelligent vehicles in the logistics and transportation sectors is also rising as a result of shifting government criteria for highway safety.

Market Dynamics And Factors For Connected Truck Market

Drivers:

Rising Demand for Telematics in Commercial Vehicles

Telematics plays a significant role in the development of new strategies for efficient fleet management and supply chain logistics. Telematics provides real-time data and insight into the supply chain to enhance workflows, maintain product integrity, increase shelf life, and reduce insurance risks. Telematics is becoming more significant in commercial logistics and supply chains because it addresses significant difficulties with safety and regulatory compliance, driver monitoring, insurance, and infrastructure.

Telematics systems combine features like automatic toll transactions, live traffic updates, smart routing and tracking, quick roadside assistance in the event of accidents or breakdowns, and insurance telematics. They are therefore essential to improving fleet operating KPIs including real-time communication, resource optimization, and fuel cost reduction. Large sums of money are being spent by businesses to enhance telematics technology and incorporate telematics devices into commercial vehicles. For instance, starting in March 2022, Navistar made telematics devices a standard feature on all new International Truck and IC Bus vehicle models in Class 6-8 range, including electric versions.         

Restraints:

Poor Network Infrastructure Restricts the Growth of The Market

The lack of network infrastructure poses a serious obstacle to the market's growth. Although rising costs are this industry's biggest problem, they also prevent it from growing. The growth of the linked truck industry has also been hampered by other problems like expensive installation costs and difficult configuration. The market cannot expand as a result of these problems. The transport and logistics sector is currently and shortly dealing with several major difficulties. Both Amazon and the global epidemic have altered long-standing corporate paradigms. As a result, there is greater competition in the market due to rising customer expectations and complicated operational requirements such as one- and two-day shipping models, real-time product tracking, and environmental effect considerations. The elements are right for a perfect storm when you combine these factors with rising fuel prices, driver scarcity, and more governmental rules.

Opportunity:

Heavy Commercial Vehicle Presents Growth Opportunity

Large commercial trucks used for lengthy freight transit are the focus of truck driver assistance, which uses cellular IoT to continuously monitor the vehicle. To ensure that drivers are following the rules, onboard digital recorders track their driving and resting times. Additionally, it enables driver coaching, which makes use of analytics to give both individual drivers real-time insights into their driving behavior and an aggregated view of driving behavior throughout the fleet. This feedback loop can significantly reduce carbon emissions while also improving driving habits and fuel efficiency. Fuel consumption rises as a result of inefficient truck driving practices such as abrupt braking or acceleration, which also raises costs and CO2 emissions. With the global transportation sector contributing more than one-fifth of all carbon emissions, trucks make up a disproportionately large part of those emissions. Trucks that haul freight account for 29% of all transportation-related emissions. Another issue is that many drivers work longer hours than required, which is problematic because fatigue is the primary factor in auto accidents. In reality, fatigue and excessive work hours are factors in 4 out of 10 truck accidents. Additionally, there is a severe global scarcity of truck drivers, pressuring shipping businesses to streamline their processes. There are 20% fewer heavy goods vehicle drivers than necessary in Australia and Central Asia. Companies must enhance working conditions to recruit and keep drivers.

Segmentation Analysis Of The Connected Truck Market

By Communication Type, the V2V segment dominates the Connected Truck Market. This technique enables mobile ad HOC wireless networks and ad hoc mesh networks for data transfer in cars. Each vehicle reports traffic and road conditions, vehicle position and speed, route direction, loss of stability, and brake failure using V2V communication. Research and development into vehicle-to-vehicle contact have received considerable funding from several firms, including Tesla, Toyota, and others. Toyota research indicates that V2V technology can reduce accidents by 70% to 80%. Additionally, this technology has a considerable impact on carbon emissions and traffic congestion.  The performance of vehicle safety systems can be improved via V2V communication technology, potentially saving lives. In 2019, there were reportedly 36,096 fatalities and 2.7 million estimated injuries in crashes that were reported to the police in an estimated 6.8 million cases. The number of fatalities each year will be significantly reduced thanks to connected car technologies, which will give drivers the resources they need to foresee future collisions.

By Vehicle Type, Light commercial vehicles are likely to dominate the segment in the Connected Truck Market. Due to a rise in demand for these cars in developing markets, the category will rule the market Along with the increase in light commercial vehicle production, end-user demand for safety and comfort features has increased. The European Union Manufacturers Association reports an 8.2% increase in connected light commercial vehicle registrations in the area. The production of these vehicles is also growing across North America. Additionally, developing countries like China and India have experienced rapid economic development, which has raised the demand for commercial cars equipped with connected devices to enhance fleet safety and reduce operating expenses.

Regional Analysis Of The Connected Truck Market

Europe region dominates the Connected Truck Market. Connected Trucks and autonomous trucks are evident in the automotive industry, which is transitioning from a hardware-focused to one that is more driven by software and (digital) services. About other services and technology, connectivity is specifically considered a catalyst for innovation in the sector106. An increase in innovation in the realms of digital and Information and Communications Technology (ICT) technologies serves as an example of this change. In 2010, connection, Advanced Driver Assistance Systems (ADAS), and interfaces accounted for around 26% of OEMs advancements. This percentage increased to 55% in 2020. In light of the growing significance of technologies like augmented reality, software services, voice control, and parking assistance, it is necessary to examine how prepared the EU car industry is to develop in these fields. On November 2021 in Frankfurt, the most significant order for large zero-emission trucks in Europe to date has been placed by DB Schenker, one of the top logistics service providers in the world and the leader in European land transport, and Volta Trucks, a leading and innovative full-electric commercial vehicle manufacturer and services provider, just days after the conclusion of the COP 26 conference in Glasgow. These trucks are equipped with connectivity which enhances performance as well as elevates the function of fleet management.

North American region is growing at a significant rate in the Connected Truck Market. Technology businesses are the major inventors in autonomous driving. Other than General Motors in the USA, OEMs are now the only ones who are following this practice. Strategically, US businesses like Alphabet's subsidiary Waymo, Intel's Mobileye, and Amazon's Zoox are best positioned since they combine hardware and software expertise with data expertise and sizable testing fleets. However, OEMs like the VW Group, Tesla, and Hyundai have been investing in expanding their skills. For instance, the VW Group's partnership with Ford (ArgoAI). The area is primed to take the top spot in the market for smart trucks worldwide. This market is due to the greater adoption rate of smart trucks in North American developed nations like the U.S., Canada, and others, as well as the region's modern infrastructure, which is a key element in the industry's expansion. In addition, it is anticipated that over the forecasted timeframe, technical development and rising public concern over road safety would boost market expansion. Additionally, the developing business sector will generate profitable revenue development prospects due to the rising demand for effective logistics and transportation services.

Covid-19 Impact Analysis On Connected Truck Market

The COVID-19 pandemic's effects have resulted in supply-chain disruptions that have decreased auto sales, created a shortage of semiconductor components, and forced the temporary closure of numerous production facilities around the world. These effects have had an impact on the demand for connected trucks. As an illustration, the output of vehicles worldwide decreased by 16% in 2020. The production of connected trucks was also delayed as a result of some automakers experiencing a lack of parts, including semiconductor chips. Manufacturing of heavy-duty trucks is nevertheless hampered by a lack of semiconductors and other components, which makes it difficult to meet demand. Global truck production was also hit by COVID-19. A lack of resources, caused automakers to temporarily shut down their production facilities.

Top Key Players Covered In The Connected Truck Market

  • 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 And Other Major Players.

Key Industry Development In The Connected Truck Market

In September 2022, the first CNG-powered Medium and Heavy Commercial Vehicle (M&HCV) truck was introduced by Tata Motors. It also added a cutting-edge Advanced Driver Assistance System (ADAS) and enhanced its best-selling Prima, Signa, and Ultra truck lines with premium features to improve driving comfort.

In June 2021, to develop a fleet management solution, ZF Friedrichshafen AG and Goodyear negotiated a long-term agreement. Through this partnership, both businesses can service mixed- and multi-brand cargo fleets and trailer manufacturers by offering comprehensive Fleet and Tyre Management Solutions.

Global Connected Truck Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 41.18 Bn.

Forecast Period 2022-28 CAGR:

14.7%

Market Size in 2028:

USD 107.55 Bn.

Segments Covered:

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 Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Telematics in Commercial Vehicle

Key Market Restraints:

  • Poor Network Infrastructure Restricts the Growth of The Market

Key Opportunities:

  • Heavy Commercial Vehicle Presents Growth Opportunity

Companies Covered in the report:

  • Continental AG, AB Volvo, BorgWarner Inc., Denso Corporation, Harman International and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Communication Type
 3.2 By Vehicle Type

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Connected Truck Market by Communication Type
 5.1 Connected Truck Market Overview Snapshot and Growth Engine
 5.2 Connected Truck Market Overview
 5.3 Vehicle to Vehicle (V2V)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Vehicle to Vehicle (V2V): Geographic Segmentation
 5.4 Vehicle to Cloud (V2C)
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Vehicle to Cloud (V2C): Geographic Segmentation
 5.5 Vehicle to Infrastructure (V2I)
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Vehicle to Infrastructure (V2I): Geographic Segmentation

Chapter 6: Connected Truck Market by Vehicle Type
 6.1 Connected Truck Market Overview Snapshot and Growth Engine
 6.2 Connected Truck Market Overview
 6.3 Light Commercial Vehicle
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Light Commercial Vehicle: Geographic Segmentation
 6.4 Heavy Commercial Vehicle
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Heavy Commercial Vehicle: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Connected Truck Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Connected Truck Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Connected Truck Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 CONTINENTAL AG
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 AB VOLVO
 7.4 BORGWARNER INC
 7.5 DENSO CORPORATION
 7.6 HARMAN INTERNATIONAL
 7.7 MAGNA INTERNATIONAL INC
 7.8 MERCEDES BENZ GROUP AG
 7.9 ROBERT BOSCH GMBH
 7.10 VERIZON COMMUNICATIONS INC
 7.11 ZF FRIEDRICHSHAFEN AG
 7.12 SIERRA WIRELESS INC
 7.13 GEOTAB INC
 7.14 TOMTOM INTERNATIONAL BV
 7.15 TRIMBLE INC
 7.16 MIX TELEMATICS
 7.17 OTHER MAJOR PLAYERS

Chapter 8: Global Connected Truck Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size 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 Historic and Forecasted Market Size By Vehicle Type
  8.3.1 Light Commercial Vehicle
  8.3.2 Heavy Commercial Vehicle

Chapter 9: North America Connected Truck Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Communication Type
  9.4.1 Vehicle to Vehicle (V2V)
  9.4.2 Vehicle to Cloud (V2C)
  9.4.3 Vehicle to Infrastructure (V2I)
 9.5 Historic and Forecasted Market Size By Vehicle Type
  9.5.1 Light Commercial Vehicle
  9.5.2 Heavy Commercial Vehicle
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Connected Truck Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Communication Type
  10.4.1 Vehicle to Vehicle (V2V)
  10.4.2 Vehicle to Cloud (V2C)
  10.4.3 Vehicle to Infrastructure (V2I)
 10.5 Historic and Forecasted Market Size By Vehicle Type
  10.5.1 Light Commercial Vehicle
  10.5.2 Heavy Commercial Vehicle
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Connected Truck Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Communication Type
  11.4.1 Vehicle to Vehicle (V2V)
  11.4.2 Vehicle to Cloud (V2C)
  11.4.3 Vehicle to Infrastructure (V2I)
 11.5 Historic and Forecasted Market Size By Vehicle Type
  11.5.1 Light Commercial Vehicle
  11.5.2 Heavy Commercial Vehicle
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Connected Truck Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Communication Type
  12.4.1 Vehicle to Vehicle (V2V)
  12.4.2 Vehicle to Cloud (V2C)
  12.4.3 Vehicle to Infrastructure (V2I)
 12.5 Historic and Forecasted Market Size By Vehicle Type
  12.5.1 Light Commercial Vehicle
  12.5.2 Heavy Commercial Vehicle
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Connected Truck Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Communication Type
  13.4.1 Vehicle to Vehicle (V2V)
  13.4.2 Vehicle to Cloud (V2C)
  13.4.3 Vehicle to Infrastructure (V2I)
 13.5 Historic and Forecasted Market Size By Vehicle Type
  13.5.1 Light Commercial Vehicle
  13.5.2 Heavy Commercial Vehicle
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Connected Truck Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 41.18 Bn.

Forecast Period 2022-28 CAGR:

14.7%

Market Size in 2028:

USD 107.55 Bn.

Segments Covered:

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 Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Telematics in Commercial Vehicle

Key Market Restraints:

  • Poor Network Infrastructure Restricts the Growth of The Market

Key Opportunities:

  • Heavy Commercial Vehicle Presents Growth Opportunity

Companies Covered in the report:

  • Continental AG, AB Volvo, BorgWarner Inc., Denso Corporation, Harman International and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. CONNECTED TRUCK MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. CONNECTED TRUCK MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. CONNECTED TRUCK MARKET COMPETITIVE RIVALRY
TABLE 005. CONNECTED TRUCK MARKET THREAT OF NEW ENTRANTS
TABLE 006. CONNECTED TRUCK MARKET THREAT OF SUBSTITUTES
TABLE 007. CONNECTED TRUCK MARKET BY COMMUNICATION TYPE
TABLE 008. VEHICLE TO VEHICLE (V2V) MARKET OVERVIEW (2016-2028)
TABLE 009. VEHICLE TO CLOUD (V2C) MARKET OVERVIEW (2016-2028)
TABLE 010. VEHICLE TO INFRASTRUCTURE (V2I) MARKET OVERVIEW (2016-2028)
TABLE 011. CONNECTED TRUCK MARKET BY VEHICLE TYPE
TABLE 012. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 013. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA CONNECTED TRUCK MARKET, BY COMMUNICATION TYPE (2016-2028)
TABLE 015. NORTH AMERICA CONNECTED TRUCK MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 016. N CONNECTED TRUCK MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE CONNECTED TRUCK MARKET, BY COMMUNICATION TYPE (2016-2028)
TABLE 018. EUROPE CONNECTED TRUCK MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 019. CONNECTED TRUCK MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC CONNECTED TRUCK MARKET, BY COMMUNICATION TYPE (2016-2028)
TABLE 021. ASIA PACIFIC CONNECTED TRUCK MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 022. CONNECTED TRUCK MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA CONNECTED TRUCK MARKET, BY COMMUNICATION TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA CONNECTED TRUCK MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 025. CONNECTED TRUCK MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA CONNECTED TRUCK MARKET, BY COMMUNICATION TYPE (2016-2028)
TABLE 027. SOUTH AMERICA CONNECTED TRUCK MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 028. CONNECTED TRUCK MARKET, BY COUNTRY (2016-2028)
TABLE 029. CONTINENTAL AG: SNAPSHOT
TABLE 030. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 031. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 032. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. AB VOLVO: SNAPSHOT
TABLE 033. AB VOLVO: BUSINESS PERFORMANCE
TABLE 034. AB VOLVO: PRODUCT PORTFOLIO
TABLE 035. AB VOLVO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. BORGWARNER INC: SNAPSHOT
TABLE 036. BORGWARNER INC: BUSINESS PERFORMANCE
TABLE 037. BORGWARNER INC: PRODUCT PORTFOLIO
TABLE 038. BORGWARNER INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. DENSO CORPORATION: SNAPSHOT
TABLE 039. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 040. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 041. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. HARMAN INTERNATIONAL: SNAPSHOT
TABLE 042. HARMAN INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 043. HARMAN INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 044. HARMAN INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. MAGNA INTERNATIONAL INC: SNAPSHOT
TABLE 045. MAGNA INTERNATIONAL INC: BUSINESS PERFORMANCE
TABLE 046. MAGNA INTERNATIONAL INC: PRODUCT PORTFOLIO
TABLE 047. MAGNA INTERNATIONAL INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. MERCEDES BENZ GROUP AG: SNAPSHOT
TABLE 048. MERCEDES BENZ GROUP AG: BUSINESS PERFORMANCE
TABLE 049. MERCEDES BENZ GROUP AG: PRODUCT PORTFOLIO
TABLE 050. MERCEDES BENZ GROUP AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 051. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 052. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 053. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. VERIZON COMMUNICATIONS INC: SNAPSHOT
TABLE 054. VERIZON COMMUNICATIONS INC: BUSINESS PERFORMANCE
TABLE 055. VERIZON COMMUNICATIONS INC: PRODUCT PORTFOLIO
TABLE 056. VERIZON COMMUNICATIONS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ZF FRIEDRICHSHAFEN AG: SNAPSHOT
TABLE 057. ZF FRIEDRICHSHAFEN AG: BUSINESS PERFORMANCE
TABLE 058. ZF FRIEDRICHSHAFEN AG: PRODUCT PORTFOLIO
TABLE 059. ZF FRIEDRICHSHAFEN AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. SIERRA WIRELESS INC: SNAPSHOT
TABLE 060. SIERRA WIRELESS INC: BUSINESS PERFORMANCE
TABLE 061. SIERRA WIRELESS INC: PRODUCT PORTFOLIO
TABLE 062. SIERRA WIRELESS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. GEOTAB INC: SNAPSHOT
TABLE 063. GEOTAB INC: BUSINESS PERFORMANCE
TABLE 064. GEOTAB INC: PRODUCT PORTFOLIO
TABLE 065. GEOTAB INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. TOMTOM INTERNATIONAL BV: SNAPSHOT
TABLE 066. TOMTOM INTERNATIONAL BV: BUSINESS PERFORMANCE
TABLE 067. TOMTOM INTERNATIONAL BV: PRODUCT PORTFOLIO
TABLE 068. TOMTOM INTERNATIONAL BV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. TRIMBLE INC: SNAPSHOT
TABLE 069. TRIMBLE INC: BUSINESS PERFORMANCE
TABLE 070. TRIMBLE INC: PRODUCT PORTFOLIO
TABLE 071. TRIMBLE INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. MIX TELEMATICS: SNAPSHOT
TABLE 072. MIX TELEMATICS: BUSINESS PERFORMANCE
TABLE 073. MIX TELEMATICS: PRODUCT PORTFOLIO
TABLE 074. MIX TELEMATICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 075. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 076. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 077. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. CONNECTED TRUCK MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. CONNECTED TRUCK MARKET OVERVIEW BY COMMUNICATION TYPE
FIGURE 012. VEHICLE TO VEHICLE (V2V) MARKET OVERVIEW (2016-2028)
FIGURE 013. VEHICLE TO CLOUD (V2C) MARKET OVERVIEW (2016-2028)
FIGURE 014. VEHICLE TO INFRASTRUCTURE (V2I) MARKET OVERVIEW (2016-2028)
FIGURE 015. CONNECTED TRUCK MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 016. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 017. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA CONNECTED TRUCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE CONNECTED TRUCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC CONNECTED TRUCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA CONNECTED TRUCK MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA CONNECTED TRUCK MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Connected Truck Market research report?

The forecast period in the Connected Truck Market research report is 2022-2028.

Who are the key players in Connected Truck Market?

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 Telematicsand other major players.

What are the segments of the Connected Truck Market?

The Connected Truck Market is segmented into Communication Type, Vehicle Type, and region. By Communication Type, the market is categorized into Vehicle to Vehicle (V2V), Vehicle to Cloud (V2C), Vehicle to Infrastructure (V2I). By Vehicle Type, the market is categorized into Light Commercial Vehicle, Heavy Commercial Vehicle. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Connected Truck Market?

An advanced driver assistance system (ADAS) and a fleet management system (FMS), which display vehicle upgrades, driver-support systems, fuel management, and other information on the screen, are two examples of modern technologies that are included in a connected truck's equipment.

How big is the Connected Truck Market?

Global Connected Truck Market size was valued at USD 41.18 Billion in 2021, and is projected to reach USD 107.55 Billion by 2028, growing at a CAGR of 14.7% from 2022 to 2028.