Report Description

Global Connected Trucks Market By Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles), By Communication (V2V, V2I, & V2C), By Range (DSRC and Cellular Network), By Services (Cybersecurity & Updates and Fleet Management), By Region, By Company, Competition, By Geography, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Automotive

Global connected trucks market is anticipated to reach USD 40 Billion by 2024, growing at a CAGR of over 15% during the forecast period, due to the growing demand for vehicle connectivity in logistics and transportation business. Moreover, reduction in vehicle recalls due to vehicle data updates coupled with increasing demand for infotainment is further escalating the growth of the market. In terms of range, Dedicated Short Range Communication (DSRC) segment is anticipated to grow at the highest CAGR during the forecast period owing to rising radar and LiDAR based safety systems such as blind spot detection and adaptive cruise control.

Based on the communication, the market has been segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I) and Vehicle-to-Cloud (V2C). V2V communication segment is expected to grow at the highest rate during the forecast period owing to the rising number of connected devices in the trucks. North America acquired the majority share in 2019 and is expected to continue dominance until 2024 due to increasing connected car devices in commercial vehicles and rising digitization of various services in cybersecurity and fleet management. Asia Pacific connected trucks market is forecast to grow at highest rate due to expanding information & communication technology infrastructure.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of global connected trucks market, in terms of value and volume.
  • To classify and forecast global connected trucks market based on vehicle type, communication, range, services and regional distribution.
  • To identify drivers and challenges for global connected trucks market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global connected trucks market.
  • To conduct the pricing analysis for global connected trucks market.
  • To identify and analyze the profile of leading players operating in the global connected trucks market.

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Some of the leading players in the global connected trucks market are Denso Corporation, Robert Bosch, Continental, Harman, Magna, TomTom, Sierra Wireless, ZF, NXP, Verizon etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated the market size of global connected trucks market using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Connected trucks manufacturers and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to connected trucks market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global connected trucks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Vehicle Type:
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Market, By Communication:
    • Vehicle-To-Vehicle (V2V)
    • Vehicle-To-Infrastructure (V2I)
    • Vehicle-To-Cloud (V2C)
  • Market, By Range:
    • Dedicated Short Range Communication (DSRC)
    • Cellular Network
  • Market, By Services:
    • Cyber Security & Updates
    • Fleet Management
  • Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • Australia
      • New Zealand
      • South Korea
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Netherlands
      • Poland
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Chile
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global connected trucks market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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