Connected Truck Market

May 2020| VMR2527A| Verified Market Research

Report Highlights

Connected Truck Market Size And Forecast

Connected Truck Market was valued at USD 21.63 Billion in 2018 and is projected to reach USD 65.56 Billion by 2026, growing at a CAGR of 14.88 % from 2019 to 2026.

Global Connected Truck Market Outlook

The rising need for vehicle connectivity in logistics and transportation business coupled with growing information and telecommunication infrastructure is projected to propel the growth of the market. Connected 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. To attain a return on investment and enhanced utilization, 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. Connected trucks have emerged to become platoons, where trucks at the back of the formation can automatically and thoroughly follow a lead vehicle.

Global Connected Truck Market Competitive Landscape

The Global Connected Truck Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Robert Bosch GmbH, Continental AG, Denso Corporation, Aptiv PLC, ZF Friedrichshafen AG, NXP Semiconductors NV, Magna International Inc., Sierra Wireless, and Daimler AG.

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