Connected Truck Market Size, Share, and Growth Analysis, By Communication Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I)), By Range, By Vehicle Type, By End-Use Industry, By Region - Industry Forecast 2026-2033

Global Connected Truck Market size was valued at USD 31.17 Billion in 2024 and is poised to grow from USD 36.81 Billion in 2025 to USD 139.3 Billion by 2033, growing at a CAGR of 18.1% during the forecast period (2026-2033).

The global connected truck market is experiencing significant growth driven by rising demand for fleet management solutions and advancements in vehicle-to-everything technology. Key factors include the need for predictive maintenance, the rise of smart cities, and the surge in last-mile delivery requirements from the e-commerce sector. Companies are utilizing real-time data from connected trucks to optimize routes, enhance vehicle performance, and lower fuel expenses. The growing logistics industry and increased e-commerce activities further fuel the necessity for effective fleet management. However, challenges such as integration complexities, lack of standardization across platforms, connectivity issues in remote areas, and resistance to technological adoption by drivers and operators pose obstacles to market expansion on a global scale.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Connected Truck market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Connected Truck Market Segments Analysis

Global Connected Truck Market is segmented by Communication Type, Range, Vehicle Type, End-Use Industry and region. Based on Communication Type, the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I) and Vehicle-to-Cloud (V2C). Based on Range, the market is segmented into Dedicated Short-Range Communication (DSRC) and Long-Range (Telematics Control Unit). Based on Vehicle Type, the market is segmented into Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV). Based on End-Use Industry, the market is segmented into Logistics & Transportation, Construction, Utilities and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Connected Truck Market

The expansion of investments in research and development for innovative vehicle-to-everything (V2X) technologies has driven substantial progress in this field. V2X technology facilitates communication between trucks, infrastructure, other vehicles, and networks, which significantly improves road safety and enhances traffic management. By reducing the likelihood of collisions, optimizing fuel consumption, and allowing for real-time vehicle health monitoring, V2X systems are essential in promoting the adoption and sales of connected trucks. As these technologies continue to evolve, their impact on the logistics and transportation sector becomes increasingly significant, ultimately transforming how goods are transported globally.

Restraints in the Global Connected Truck Market

The connected vehicle technology, while established to some extent, remains in its early developmental phase, leading to a lack of universal standards and guidelines for connected trucks. As a result, various manufacturers and service providers frequently rely on proprietary systems that are incompatible with one another. This fragmentation poses significant challenges for interoperability within fleets, creating complexities for logistics operators managing multiple brands. Additionally, it restricts scalability opportunities and elevates maintenance difficulties, ultimately impeding the growth and efficiency of the Global Connected Truck market. The absence of cohesive solutions further complicates the integration process for fleet operators aiming for streamlined operations.

Market Trends of the Global Connected Truck Market

The Global Connected Truck market is witnessing a significant trend driven by the integration of 5G technology and edge computing. This evolution enables connected trucks to seamlessly interact with traffic control systems, road infrastructure, and other vehicles, enhancing both safety and operational efficiency. As logistics companies prioritize real-time data processing, they are increasingly upgrading their telematics to leverage the capabilities of 5G, which reduces reliance on cloud services and accelerates decision-making. This shift not only improves fleet management but also opens new avenues for innovative applications, positioning the connected truck market for substantial growth and transformation in the logistics landscape.