PUBLISHER: The Business Research Company | PRODUCT CODE: 1973004
PUBLISHER: The Business Research Company | PRODUCT CODE: 1973004
A connected truck refers to a commercial vehicle equipped with advanced connected vehicle technology that enables communication with other vehicles, devices, and systems in its environment. This technology facilitates real-time communication of the truck's location with nearby vehicles and infrastructure, triggering automated responses to enhance the driving experience and overall safety.
Connected trucks come in two main types, light commercial vehicles (LCVs) and heavy commercial vehicles. LCVs are generally smaller and lighter than heavy commercial vehicles, such as trucks and buses. They are commonly used for various commercial purposes, including delivery vehicles, passenger vans, and small business utility vehicles. The communication ranges in connected trucks are achieved through dedicated short-range and long-range or cellular networks, forming different communication channels such as vehicle-to-vehicle (V2V), vehicle-to-cloud (V2C), and vehicle-to-infrastructure (V2I). These connected features find applications in various areas, including driver assistance, safety, entertainment, well-being, vehicle management, and mobility management.
Tariffs have impacted the connected truck market by increasing costs of imported communication modules, sensors, onboard computing units, and connectivity hardware. These impacts are especially visible in heavy commercial vehicles and long-range communication systems. North america and europe are most affected due to reliance on advanced imported components. Rising costs have slowed connected technology adoption for fleet operators. However, tariffs have encouraged localization of component manufacturing and accelerated software-centric connectivity solutions, strengthening long-term market growth.
The connected truck market research report is one of a series of new reports from The Business Research Company that provides connected truck market statistics, including connected truck industry global market size, regional shares, competitors with a connected truck market share, detailed connected truck market segments, market trends and opportunities, and any further data you may need to thrive in the connected truck industry. This connected truck market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The connected truck market size has grown rapidly in recent years. It will grow from $39.83 billion in 2025 to $46.37 billion in 2026 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to growth of commercial transportation, demand for fleet safety solutions, adoption of gps tracking, need for fuel efficiency, expansion of logistics networks.
The connected truck market size is expected to see rapid growth in the next few years. It will grow to $85.2 billion in 2030 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to rise of autonomous trucking technologies, adoption of v2v and v2i communication, demand for connected logistics, expansion of electric trucks, focus on reducing operational downtime. Major trends in the forecast period include vehicle-to-everything communication systems, advanced driver assistance integration, connected fleet management platforms, predictive maintenance for trucks, real-time logistics visibility solutions.
The increase in fuel-efficient vehicles is anticipated to drive the growth of the connected trucks market in the coming years. Fuel-efficient vehicles are defined by the distance covered per unit of fuel consumed. The growth in fuel-efficient vehicles is attributed to consumers' desire to lower fuel costs and reduce environmental impact. Connected trucks contribute to fuel efficiency by optimising routes and avoiding traffic congestion, which lowers fuel consumption and enhances overall efficiency. For example, in January 2024, the European Automobile Manufacturers' Association (ACEA), a Brussels-based industry body, reported that new electric truck registrations in 2023 rose by 234.1% to 5,279 units, highlighting the rapid adoption of more fuel-efficient and connected vehicles. Thus, improvements in efficiency are propelling the expansion of the connected truck market.
Key players in the connected truck market are embracing new technologies to maintain their competitive edge. For instance, in March 2023, Volvo Trucks North America, a US-based truck manufacturer, launched the Connected Vehicle Analytics (CVA) tool, which collects real-time data from fleet operations, including truck configurations, daily routes, average speeds, and fuel consumption. Using the CVA tool, dealers can monitor how fleet clients operate their Volvo trucks and identify opportunities to enhance efficiency and productivity. Dealers gain quantitative insights into fleet performance and can determine which upgrades or adjustments to specifications are beneficial when purchasing new vehicles. The tool provides data on multiple factors that influence a truck's fuel usage.
In April 2023, Trimble Inc., a US-based technology firm, acquired Transporeon GmbH for €1.88 billion (around $2 billion). This acquisition allows Trimble to expand its connected transportation ecosystem by integrating Transporeon's cloud-based transportation management platform, improving real-time visibility, freight matching, and supply chain connectivity across Europe. Transporeon GmbH, a Germany-based software provider, offers cloud-based logistics and transportation management solutions for connected trucks and supply chain operations.
Major companies operating in the connected truck market are Robert Bosch GmbH; Continental AG; Denso Corporation; ZF Friedrichshafen AG; Magna International Inc.; Daimler AG; Harman International; Aptiv Global Operations Limited; Sierra Wireless Inc.; Mercedes-Benz Group AG; Aktiebolaget Volvo; NXP Semiconductors NV; Verizon Communications Inc.; Trimble Inc.; Geotab Inc.; Mix Telematics; TomTom International BV; Traton SE; Tata Motors Ltd.; PACCAR Inc.; DAF Trucks N.V.; WABCO Vehicle Control Systems; Stoneridge Inc.; Navistar International Corporation; Scania AB; Iveco Group NV; AT&T Fleet Complete; KeepTruckin Inc.; Omnitracs LLC
North America was the largest region in the connected truck market in 2025.Europe is expected to be the fastest-growing region in the global connected truck market report during the forecast period. The regions covered in the connected truck market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the connected truck market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The connected truck market consists of revenues earned by entities by providing remote diagnostics of vehicles, software uptime services, predictive services of trucks, and diagnostic-related advice. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected truck market also includes sales of 3D accelerometers, monitor doors, trunks, hatches, and motion sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Connected Truck Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses connected truck market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for connected truck ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The connected truck market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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