The Global Connected Truck Market Size Was Valued At USD 47.23 Billion In 2022 And Is Projected To Reach USD 141.49 Billion By 2030, Growing At A CAGR Of 14.7% From 2023 To 2030.

1. GLOBAL CONNECTED TRUCK MARKET RESEARCH
REPORT, 2023-2030
Market Value:
• 2022 = USD 47.23 Billion
• 2030 = USD 141.49 Billion
• CAGR = 14.7 %
Date Published: December 2023
Publisher: Introspective Market Research

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Annual Market Size and Forecast
Technological Roadmap & Regulatory Landscape
Analysis on type and applications
Industry Value Chain Analysis
Analysis on Major Trends
Key strategies by Top Market Players
Market Share Analysis 2021
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The Global Connected Truck Market Size Was Valued At USD 47.23 Billion
In 2022 And Is Projected To Reach USD 141.49 Billion By 2030, Growing At
A CAGR Of 14.7% From 2023 To 2030.
The integration of cutting-edge telematics and communication technologies in
commercial trucks is the focus of the connected truck market. Real-time
communication between cars, fleet managers, and backend systems is made
possible by these solutions. Connected trucks collect and send data using IoT
devices, sensors, and telematics. They provide advantages such improved safety
features, fleet management, predictive maintenance, and fuel efficiency
optimization. This market aims to ensure regulatory compliance, optimize
operational efficiency, and streamline logistics in response to the growing need
for intelligent transportation solutions. Through data-driven insights and
connectivity solutions, the Connected Truck market is playing a vital role in
shaping the future of commercial trucking as the transportation industry embraces
digital transformation.
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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.
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In the transportation and logistics sector, the connected truck market is a
disruptive force that uses cutting-edge technologies to improve the productivity,
security, and connection of commercial trucks. Telematics, communication
systems, and sensors are features of connected trucks that allow for intelligent
decision-making, data sharing, and real-time monitoring. The market responds to
the growing needs of regulatory compliance, fleet management, and logistics
optimization. The Connected Truck Market is a key player in determining how
commercial transportation will develop as the transportation sector embraces
digital revolution.
Segmentation Analysis of the Connected Truck Market

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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.
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.
By Communication Type
• Vehicle to Vehicle (V2V)
• Vehicle to Cloud (V2C)
• Vehicle to Infrastructure (V2I)
By Vehicle Type
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Market Driver:
A primary driver of the Connected Truck Market is the demand for fleet
efficiency and safety. Fleet operators and logistics companies seek ways to
optimize their operations, reduce fuel consumption, and enhance overall vehicle
performance. Connected trucks provide real-time data on vehicle health,
location, and driver behavior, enabling fleet managers to make informed
decisions, schedule preventive maintenance, and improve fuel efficiency. The
imperative to increase operational efficiency, comply with regulations, and
ensure the safety of drivers and cargo acts as a key driver propelling the
adoption of connected truck technologies.
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Regional Analysis Of The Connected Truck Market
The connected truck market is dominated by the European region. In the
automobile industry, which is shifting from being mostly hardware-focused to
being more driven by software and (digital) services, connected trucks and
autonomous trucks are clearly visible. Regarding other technologies and services,

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connectivity is particularly thought to be a sector-wide innovation accelerator
106. One indication of this shift is the rise in innovation in the fields of digital
and information and communications technology (ICT).
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland,
Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, 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, Bahrain, Kuwait, Saudi Arabia, Qatar,
UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Market Opportunity:
An exciting market opportunity within the Connected Truck Market lies in the
development of advanced predictive analytics and automation features. By
leveraging artificial intelligence (AI) and machine learning algorithms,
connected trucks can anticipate maintenance needs, predict potential issues, and
optimize routing for improved efficiency. The integration of automation
features, such as advanced driver assistance systems (ADAS) and platooning
technologies, presents an opportunity to enhance safety and further optimize
fuel consumption. Companies that invest in the research and implementation of
predictive analytics and automation stand to capitalize on this opportunity,
providing advanced solutions that meet the evolving needs of the transportation
industry.
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Table Of Content: -
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

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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

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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
To Be Continued…

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Terms of Use:
This research study involved the extensive usage of both primary and secondary data
sources. The research process involved the study of various factors affecting the
industry, including the government policy, market environment, competitive
landscape, historical data, present trends in the market, technological innovation,
upcoming technologies and the technical progress in related industry, and market
risks, opportunities, market barriers and challenges. The following illustrative figure
shows the market research methodology applied in this report.

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Top-down and bottom-up approaches are used to validate the global market size
market and estimate the market size for Company, regions segments, product
segments and Application (end users).

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