Global Connected Truck Market Size Study & Forecast, by Communication Type, Vehicle Type, and Regional Forecasts 2025-2035

Description

The Global Connected Truck Market is valued at approximately USD 31.17 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 18.10% during the forecast period 2025-2035. Connected trucks are revolutionizing the transportation landscape by enabling seamless integration of telematics, real-time data analytics, and smart communication networks within commercial vehicle fleets. These intelligent vehicles communicate with other vehicles, infrastructure, and cloud systems, fostering predictive maintenance, improving route optimization, and enhancing driver safety. The growth of this market is strongly underpinned by the surging demand for fleet automation, the expanding reach of 5G networks, and an increasing emphasis on reducing vehicle downtime and improving logistics efficiency across the global supply chain.

A decisive shift toward digitalized fleet management is compelling logistics companies and OEMs to embrace connected vehicle ecosystems. The industry is witnessing a strong uptake of Vehicle-to-Infrastructure (V2I), Vehicle-to-Vehicle (V2V), and Vehicle-to-Cloud (V2C) technologies to monitor vehicle health, track assets in real time, and ensure regulatory compliance. Moreover, government-led initiatives promoting smart mobility and investments in transportation infrastructure are creating a fertile environment for connected truck deployments. However, concerns related to cybersecurity vulnerabilities, high initial integration costs, and lack of standardization in communication protocols pose potential challenges. Despite these hurdles, rapid advancements in artificial intelligence, cloud computing, and IoT platforms continue to unlock new avenues for intelligent logistics and real-time fleet optimization.

From a regional lens, North America dominates the connected truck market owing to its mature digital infrastructure, early adoption of V2X technologies, and robust presence of key automotive OEMs and telematics providers. The United States, in particular, is leveraging connected technologies to transform its commercial vehicle sector, propelled by government-backed infrastructure plans and stringent safety mandates. Meanwhile, Europe is emerging as a key contender, fueled by its aggressive push toward carbon neutrality and smart logistics frameworks. Notably, countries like Germany, the Netherlands, and Sweden are witnessing growing deployments of autonomous and semi-autonomous trucks across cross-border routes. In contrast, the Asia Pacific region is poised for exponential growth over the forecast period, led by China, Japan, and India. The ongoing expansion of logistics and e-commerce in these economies, coupled with increasing government investments in smart road systems and vehicle connectivity, is expected to significantly accelerate the adoption of connected trucks.

Major market player included in this report are:

Daimler AG
Volvo Group
Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Intel Corporation
Trimble Inc.
WABCO Holdings Inc.
Tata Motors
Scania AB
PTC Inc.
Geotab Inc.
Verizon Communications Inc.
TomTom International
AT&T Inc.

Global Connected Truck Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Communication Type:

Vehicle to Vehicle (V2V)
Vehicle to Cloud (V2C)
Vehicle to Infrastructure (V2I)

By Vehicle Type:

Light Commercial Vehicle
Heavy Commercial Vehicle

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Connected Truck Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Connected Truck Market Forces Analysis

3.1. Market Forces Shaping the Global Connected Truck Market (2024-2035)
3.2. Drivers
- 3.2.1. Rapid Fleet Digitization and Telematics Adoption
- 3.2.2. Expansion of 5G and Cloud-Based Logistics Platforms
3.3. Restraints
- 3.3.1. Cybersecurity Vulnerabilities in V2X Networks
- 3.3.2. High Initial Integration and Infrastructure Costs
3.4. Opportunities
- 3.4.1. AI-Driven Predictive Maintenance and Analytics
- 3.4.2. Integration with Autonomous and Semi-Autonomous Trucks

Chapter 4. Global Connected Truck Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Connected Truck Market Size & Forecasts by Communication Type 2025-2035

5.1. Market Overview
5.2. Vehicle-to-Vehicle (V2V)
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
5.3. Vehicle-to-Cloud (V2C)
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Vehicle-to-Infrastructure (V2I)
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Connected Truck Market Size & Forecasts by Vehicle Type 2025-2035

6.1. Market Overview
6.2. Light Commercial Vehicle
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
6.3. Heavy Commercial Vehicle
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Connected Truck Market Size & Forecasts by Region 2025-2035

7.1. Connected Truck Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Connected Truck Market
- 7.3.1. U.S. Connected Truck Market
  - 7.3.1.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada Connected Truck Market
  - 7.3.2.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.4. Europe Connected Truck Market
- 7.4.1. UK Connected Truck Market
  - 7.4.1.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany Connected Truck Market
  - 7.4.2.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France Connected Truck Market
  - 7.4.3.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain Connected Truck Market
  - 7.4.4.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy Connected Truck Market
  - 7.4.5.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe Connected Truck Market
  - 7.4.6.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific Connected Truck Market
- 7.5.1. China Connected Truck Market
  - 7.5.1.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India Connected Truck Market
  - 7.5.2.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan Connected Truck Market
  - 7.5.3.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia Connected Truck Market
  - 7.5.4.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea Connected Truck Market
  - 7.5.5.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of APAC Connected Truck Market
  - 7.5.6.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.6. Latin America Connected Truck Market
- 7.6.1. Brazil Connected Truck Market
  - 7.6.1.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico Connected Truck Market
  - 7.6.2.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.7. Middle East & Africa Connected Truck Market
- 7.7.1. UAE Connected Truck Market
  - 7.7.1.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia Connected Truck Market
  - 7.7.2.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa Connected Truck Market
  - 7.7.3.1. Communication Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Daimler AG
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Volvo Group
8.4. Bosch GmbH
8.5. Continental AG
8.6. ZF Friedrichshafen AG
8.7. Intel Corporation
8.8. Trimble Inc.
8.9. WABCO Holdings Inc.
8.10. Tata Motors
8.11. Scania AB