Connected Truck Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021 - 2026

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Connected Truck Market Forecast, Demand Analysis,
Market Share, Market Report (2021-2026)
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• Connected truck market is expected to reach 51.5
  billion by 2025 at a CAGR of 17.5 during the
  forecast period 2020-2025.
• The rise in digitization and increase in
  value-added integration are likely to boost the
  growth of the connected trucks market. Through
  connected truck technology, fleet operators are
  able to optimize factors such as fuel maintenance
  and driver wages, which together contribute more
  than 60 of the total cost of ownership.
• Daimler, a German multinational automotive
  corporation, has already connected around 500,000
  trucks to the internet of things (IoT). This
  trend is expected to continue to grow and it is
  estimated that by 2020, more than 35 million
  trucks globally will be connected.

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• Key Takeaways
• Connected trucks market in North America is
  anticipated to register a significant growth over
  the forecast period, due to higher adoption rate,
  improved infrastructure and the expansion of the
  automotive sector in these region.
• Vehicle to Vehicle Communication is growing at a
  highest CAGR of 21.5 in the forecast period, as
  this technology helps vehicles form spontaneous
  wireless networks on the go and transfer data
  over an ad-hoc mesh network.
• The commercial trucks are increasingly equipped
  with advanced driver assistance systems (ADAS)
  such as adaptive cruise control (ACC), lane
  departure warning (LDW.

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By Distribution Channel- Segment Analysis Light
Commercial trucks are growing at a highest CAGR
of 22.5 in the forecast period, Owing to the
rising demand for these trucks in emerging
countries. Along with the rise in light
commercial vehicle production, the demand for
safety and comfort features has also increased
among the end-users. According to the European
Union manufacturers Association, the
registrations for light commercial with connected
technology vehicle registrations of light
commercial vehicles went up 8.2 in the region.
Similarly, in North America the production of
these trucks is increasing.
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• Connected Truck Market Industry Outlook 
• APTIV PLC
• Continental AG
• Denso Corporation
• HARMAN International
• Magna International
• NXP Semiconductors

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Connected Truck Market - Forecast(2021 -
2026) Learn More About the Report _at_
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ck-Market-Research-501118
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• You Can Customize the Report as Per Your Need.
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• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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