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| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 98 billion | 16.7% | North America |
| By Vehicle Type | By Range | By Communication Type | By Region |
|---|---|---|---|
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|
|
SCOPE OF THE REPORT
Connected Truck Market Overview
The connected truck market is expected to grow at 16.7% CAGR from 2023 to 2029. It is expected to reach above USD 98 billion by 2029 from USD 17.9 billion in 2022.
A connected truck consists of various sensors and is equipped with advanced technologies such as fleet management system and an advanced driver assistance system that displays the vehicle related information like vehicle improvements, driver support systems and fuel management on the screen.
It has internet connectivity that aids in the direction of their fleets and decreases the associated downtime. With the rise of the e-commerce industry and the application of IoT in the trucking industry, remote monitoring of fleets for performance, predictive maintenance, and fuel efficiency reasons is expected to boost the growth of the connected truck market. With connected truck technology, the fleet operator expects optimization factors such as fuel, maintenance, and driver wages, which together account for more than 60% of his total cost of ownership.
Technological improvements are leading fleet managers to see the need for connected trucks as smart roads and smart cities are being built in various countries. The latest trends in the market include artificial intelligence, autonomous technology, 3D printing and their impact and value proposition for the global logistics industry.
Increased use of telematics in trucks is also one of the main trends in the market. Within the next five years, more than 35 BILLION trucks will be networked worldwide.
| ATTRIBUTE | DETAILS |
| Study period | 2023-2029 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2029 |
| Historical period | 2018-2022 |
| Unit | Value (USD BILLION), (THOUSAND UNITS) |
| Segmentation | By vehicle type, by range, by communication type, by region |
| By Vehicle type
 |
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| By Range
 |
|
| By Communication type
 |
|
| By Region
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The rising demand for vehicle connectivity in the logistics & transportation business along with growing information & telecommunication infrastructure is expected to fuel the market growth over the forecasted period. Rise in digitization and an increase in value-added integration is also expected to uplift the market in the coming years. Connectivity offered by this automotive technology is shifting the focus of truck manufacturers from a business centered on the product to one centered on service and is dramatically improving vehicle utilization and uptime for fleets.
Fleet managers have begun to shift focus from traditional vehicle monitoring to a more advanced and all-inclusive fleet management service providing a driver, vehicles, and the whole logistical network into a single equation in real-time to attain a return on investment and enhanced optimization. Connected Trucks operate in a way, where trucks at the back of the formation can automatically and thoroughly follow a lead vehicle.
However, on the other hand, threat to cybersecurity, lack of uninterrupted & seamless internet connectivity and lack of proper infrastructure in certain underdeveloped and developing countries acts a major restraint on the market growth.
Development of self-driving or autonomous trucks is the factor expected to offer growth opportunities during the forecast period, development of autonomous trucks is attractive to the trucking industry as it offers many benefits to routine trucking practices. This allows for fewer breaks and stops than if the car were stopped by the driver alone and allows continuous driving for long periods of time without restrictions.
COVID-19 led to a global economic crash;Â it had a significant impact on the connected truck market. Due to a global shutdown the manufacturing and sales of connected trucks experienced a major downturn.
The pandemic led to disruptions in supply chain and there was a severe lack in the raw materials needed for the manufacturing of the vehicle parts needed for building these types of trucks. Several operational constraints were observed such as delivery delays, congestion, and higher freight rates. The pandemic related uncertainty exerted a downward pressure on revenues. Post pandemic manufacturers focused on the reduction of expenses, local management, and new market opportunities to recover from the losses.
Connected Truck Market Segment Analysis
The connected truck market is segmented based on vehicle type, range, communication type and region, global trends and forecast.
By vehicle type, the market is bifurcated into light commercial vehicle and heavy commercial vehicle. By range into dedicated short-range communication (ADAS) and long-range (telematics control unit). By communication type into vehicle-to-vehicle (V2V), vehicle-to-cloud (V2C), and vehicle-to-infrastructure (V2I).
In terms of vehicle type, the light commercial vehicle segment held the largest share in the overall market. The light commercial market held around 74.47% share in 2021, this segment is expected to dominate the market during the forecasted period.
In terms of communication type, the V2V segment dominates the market it held around 42.68% of the market followed by V2C that held 29.66% of total share in 2021. In this communication type, the vehicle can create ad-hoc mesh network on the go and can transfer data through that ad-hoc network.
Connected Truck Market Players
The connected truck market key players include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Daimler AG, Volvo AB, Delphi Technologies, Denso Corporation, HARMAN International, Sierra Wireless, Inc., Magna International Inc.
- In September 2022, Tata Motors launched the latest versions of the Prima truck range equipped with ADAS features. Tata Prima is the first ADAS-enabled truck to be launched in India.
- In August 2022, MiX Telematics, a leading provider of fleet and asset management solutions, announced its partnership with Hino trucks. This partnership is expected to provide MiX customers in North America that operate Hino trucks with rich data sets, informing intelligent decision-making regarding vehicle maintenance, safety, efficiency, and compliance.
- In May 2022, Volvo Trucks and DHL teamed up to pilot a hub-to-hub autonomous trucking service in North America. This service is designed to serve shippers, carriers, logistics service providers, and freight brokers.
- In March 2022, Daimler India Commercial Vehicles, which manufactures and sells trucks and buses under the BharatBenz brand and is a wholly owned subsidiary of Daimler Truck SE, officially launched the Daimler Truck Innovation Center India (DTICI), a fully-owned incubator to develop scalable digital connectivity innovations for the company’s global product portfolio.
Who Should Buy? Or Key Stakeholders
- Connected Truck Suppliers
- Raw Materials Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
Connected Truck Market Regional Analysis
The connected truck market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
North America region is forecasted to account for the maximum share and continue the trend during the forecast period. North America connected truck market was sized 7.90 billion in 2020 and is expected to grow at a CAGR of 14.8% to USD 23.31 billion by 2029. The North America connected truck market is experiencing rapid growth due to factors such as increased connected vehicular activities, extensive digitization, and advanced cybersecurity upgrades.
Key Market Segments: Connected Truck Market
Connected Truck Market By Vehicle Type, 2023-2029, (USD Billion), (Thousand Units)
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Connected Truck Market By Range, 2023-2029, (USD Billion), (Thousand Units)
- Dedicated Short-Range Communication (ADAS)
- Long-Range (Telematics Control Unit)
Connected Truck Market By Communication Type, 2023-2029, (USD Billion), (Thousand Units)
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Cloud (V2C)
- Vehicle-To-Infrastructure (V2I)
Connected Truck Market By Region, 2023-2029, (USD Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Key Question Answered
- What is the current size of the connected truck market?
- What are the key factors influencing the growth of connected truck?
- What are the major applications for connected truck?
- Who are the major key players in the connected truck market?
- Which region will provide more business opportunities connected truck in future?
- Which segment holds the maximum share of the connected truck market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global connected truck outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on connected truck
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global connected truck outlook
- Global Connected Truck Market By Vehicle Type (USD Billion ,Thousand Units), 2020-2029
- Light commercial vehicle
- Heavy commercial vehicle
- Global Connected Truck Market By Range (USD Billion ,Thousand Units), 2020-2029
- Dedicated short-range communication (ADAS)
- Long-range (telematics control unit)
- Global Connected Truck Market By Communication Type (USD Billion ,Thousand Units), 2020-2029
- Vehicle-to-vehicle (V2V)
- Vehicle-to-cloud (V2C)
- Vehicle-to-infrastructure (V2I)
- Global Connected Truck Market By Region (USD Billion ,Thousand Units), 2020-2029
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Robert Bosch GmbH
- Continental AG
- ZF Friedrichshafen AG
- Daimler AG
- Volvo AB
- Delphi Technologies
- Denso Corporation
- HARMAN International
- Sierra Wireless, Inc.
- Magna International
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 GLOBAL CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 2 GLOBAL CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 3 GLOBAL CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 4 GLOBAL CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 5 GLOBAL CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION),   2020-2029
TABLE 6 GLOBAL CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 7 NORTH AMERICA CONNECTED TRUCK MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 8 NORTH AMERICA CONNECTED TRUCK MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 9 NORTH AMERICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 10 NORTH AMERICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 11 NORTH AMERICA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 12 NORTH AMERICA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 13 NORTH AMERICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 14 NORTH AMERICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 15 US CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 16 US CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 17 US CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 18 US CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 19 US CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 20 US CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 21 CANADA CONNECTED TRUCK MARKET BY VEHICLE TYPE (MILLION), 2020-2029
TABLE 22 CANADA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 23 CANADA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 24 CANADA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 25 CANADA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 26 CANADA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS),
2020-2029
TABLE 27 MEXICO CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 28 MEXICO CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 29 MEXICO CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 30 MEXICO CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 31 MEXICO CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 32 MEXICO CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 33 SOUTH AMERICA CONNECTED TRUCK MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 34 SOUTH AMERICA CONNECTED TRUCK MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 35 SOUTH AMERICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 36 SOUTH AMERICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 37 SOUTH AMERICA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 38 SOUTH AMERICA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 39 SOUTH AMERICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION),
2020-2029
TABLE 40 SOUTH AMERICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 41 BRAZIL CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 42 BRAZIL CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 43 BRAZIL CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 44 BRAZIL CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 45 BRAZIL CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 46 BRAZIL CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 47 ARGENTINA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 48 ARGENTINA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 49 ARGENTINA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 50 ARGENTINA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 51 ARGENTINA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 52 ARGENTINA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 53 COLOMBIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 54 COLOMBIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 55 COLOMBIA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 56 COLOMBIA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 57 COLOMBIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 58 COLOMBIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 59 REST OF SOUTH AMERICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 60 REST OF SOUTH AMERICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 61 REST OF SOUTH AMERICA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 62 REST OF SOUTH AMERICA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 63 REST OF SOUTH AMERICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 64 REST OF SOUTH AMERICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 65 ASIA-PACIFIC CONNECTED TRUCK MARKET BY COUNTRYÂ (USD MILLION), 2020-2029
TABLE 66 ASIA-PACIFIC CONNECTED TRUCK MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 67 ASIA-PACIFIC CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 68 ASIA-PACIFIC CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 69 ASIA-PACIFIC CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 70 ASIA-PACIFIC CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 71 ASIA-PACIFIC CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 72 ASIA-PACIFIC CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 73 INDIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 74 INDIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 75 INDIA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 76 INDIA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 77 INDIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 78 INDIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 79 CHINA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 80 CHINA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 81 CHINA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 82 CHINA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 83 CHINA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 84 CHINA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 85 JAPAN CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 86 JAPAN CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 87 JAPAN CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 88 JAPAN CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 89 JAPAN CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 90 JAPAN CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 91 SOUTH KOREA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 92 SOUTH KOREA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 93 SOUTH KOREA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 94 SOUTH KOREA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 95 SOUTH KOREA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 96 SOUTH KOREA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 97 AUSTRALIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 98 AUSTRALIA CONNECTED TRUCKBY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 99 AUSTRALIA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 100 AUSTRALIA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 101 AUSTRALIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 102 AUSTRALIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 103 SOUTH EAST ASIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 104 SOUTH EAST ASIA CONNECTED TRUCKBY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 105 SOUTH EAST ASIA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 106 SOUTH EAST ASIA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 107 SOUTH EAST ASIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 108 SOUTH EAST ASIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 109 REST OF ASIA PACIFIC CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 110 REST OF ASIA PACIFIC CONNECTED TRUCKBY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 111 REST OF ASIA PACIFIC CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 112 REST OF ASIA PACIFIC CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 113 REST OF ASIA PACIFIC CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 114 REST OF ASIA PACIFIC CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 115 EUROPE CONNECTED TRUCK MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 116Â EUROPE CONNECTED TRUCK MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 117 EUROPE CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 118 EUROPE CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 119 EUROPE CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 120 EUROPE CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 121 EUROPE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 122 EUROPE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 123 GERMANY CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 124 GERMANY CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 125 GERMANY CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 126 GERMANY CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 127 GERMANY CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 128 GERMANY CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 129 UK CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 130 UK CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 131 UK CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 132 UK CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 133 UK CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 134 UK CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 135 FRANCE CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 136 FRANCE CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 137 FRANCE CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 138 FRANCE CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 139 FRANCE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 140 FRANCE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 141 ITALY CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 142 ITALY CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 143 ITALY CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 144 ITALY CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 145 ITALY CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-Â 2029
TABLE 146 ITALY CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 147 SPAIN CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 148 SPAIN CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 149 SPAIN CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 150 SPAIN CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 151 SPAIN CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 152 SPAIN CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 153 RUSSIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 154 RUSSIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 155 RUSSIA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 156 RUSSIA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 157 RUSSIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 158 RUSSIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 159 REST OF EUROPE CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 160 REST OF EUROPE CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 161 REST OF EUROPE CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 162 REST OF EUROPE CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 163 REST OF EUROPE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 164 REST OF EUROPE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 165 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 166 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 173 UAE CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 174 UAE CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 175 UAE CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 176 UAE CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 177 UAE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 178 UAE CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 179 SAUDI ARABIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 180 SAUDI ARABIA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 181 SAUDI ARABIA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 182 SAUDI ARABIA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 183 SAUDI ARABIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 184 SAUDI ARABIA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 185 SOUTH AFRICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 186 SOUTH AFRICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 187 SOUTH AFRICA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 188 SOUTH AFRICA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 189 SOUTH AFRICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 190 SOUTH AFRICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
TABLE 191 REST OF MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (USD MILLION), 2020-2029
TABLE 192 REST OF MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY VEHICLE TYPE (THOUSAND UNITS), 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY RANGE (USD MILLION), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (USD MILLION), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA CONNECTED TRUCK MARKET BY COMMUNICATION TYPE (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL CONNECTED TRUCKBY TYPE, USD BILLIONÂ , 2020-2029
FIGURE 9 GLOBAL CONNECTED TRUCKBY TECHNOLOGY, USD BILLION, 2020-2029
FIGURE 10 GLOBAL CONNECTED TRUCKBY APPLICATION, USD BILLION, 2020-2029
FIGURE 11 GLOBAL CONNECTED TRUCKBY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL CONNECTED TRUCKBY TYPE, USD BILLIONÂ , 2021
FIGURE 14 GLOBAL CONNECTED TRUCKBY TECHNOLOGY, USD BILLION, 2021
FIGURE 15 GLOBAL CONNECTED TRUCKBY APPLICATION, USD BILLION, 2021
FIGURE 16 GLOBAL CONNECTED TRUCKBY REGION, USD BILLION, 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 ROBERT BOSCH GMBH.: COMPANY SNAPSHOT
FIGURE 19 CONTINENTAL AG: COMPANY SNAPSHOT
FIGURE 20 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
FIGURE 21 DAIMLER AG: COMPANY SNAPSHOT
FIGURE 22 VOLVO AB: COMPANY SNAPSHOT
FIGURE 23 MOLESKINE: COMPANY SNAPSHOT
FIGURE 24 DELPHI TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 25 DENSO CORPORATION: COMPANY SNAPSHOT
FIGURE 26 HARMAN INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 27 SIERRA WIRELESS, INC.: COMPANY SNAPSHOT
FIGURE 28 MAGNA INTERNATIONAL INC.: COMPANY SNAPSHOT
FAQ
The connected truck market is worth USD 17.9 billion and is expected to reach above USD 98 billion by 2029.
North America connected truck market was sized 7.90 billion in 2022 and is expected to grow at a CAGR of 14.8% to USD 23.31 billion by 2029.
The rising demand for vehicle connectivity in the logistics & transportation business along with growing information & telecommunication infrastructure is expected to fuel the market growth over the forecasted period.
Development of self-driving or autonomous trucks is the factor expected to offer growth opportunities during the forecast period, development of autonomous trucks is attractive to the trucking industry as it offers many benefits to routine trucking practices.
North America region is forecasted to account for the maximum share and continue the trend during the forecast period. North America connected truck market was sized 7.90 billion in 2022 and is expected to grow at a CAGR of 14.8% to USD 23.31 billion by 2029. The North America connected truck market is experiencing rapid growth due to factors such as increased connected vehicular activities, extensive digitization, and advanced cybersecurity upgrades.
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