Title: Connected Truck Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021 - 2026
1Connected 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_
https//www.industryarc.com/Research/Connected-Tru
ck-Market-Research-501118
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- You Can Customize the Report as Per Your Need.
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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