Market Research Report
Global Connected Trucks Market By Vehicle Type, By Communication, By Range, By Services, By Region, By Company, Competition, By Geography, Forecast & Opportunities, 2026
|Published by||TechSci Research||Product code||986319|
|Published||Content info||117 Pages
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|Global Connected Trucks Market By Vehicle Type, By Communication, By Range, By Services, By Region, By Company, Competition, By Geography, Forecast & Opportunities, 2026|
|Published: January 1, 2021||Content info: 117 Pages||
Global Connected Trucks Market By Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles), By Communication (V2V, V2I, & V2C), By Range (DSRC and Cellular Network), By Services (Cybersecurity & Updates and Fleet Management), By Region, By Company, Competition, By Geography, Forecast & Opportunities, 2026.
The Global Connected Trucks Market is anticipated to grow at a CAGR of over 15% during the forecast period, due to the growing demand for vehicle connectivity in logistics and transportation business. Moreover, reduction in vehicle recalls due to vehicle data updates coupled with the increasing demand for infotainment is further escalating the growth of the market. In terms of range, the Dedicated Short Range Communication (DSRC) segment is anticipated to grow at the highest CAGR during the forecast period owing to rising radar and LiDAR based safety systems such as blind spot detection and adaptive cruise control.
Based on the communication, the market has been segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I) and Vehicle-to-Cloud (V2C). V2V communication segment is expected to grow at the highest rate during the forecast period owing to the rising number of connected devices in the trucks. North America acquired the majority share in 2020 and is expected to continue dominance until 2026 due to increasing connected car devices in commercial vehicles and rising digitization of various services in cybersecurity and fleet management. The Asia Pacific connected trucks market is forecast to grow at highest rate due to expanding information & communication technology infrastructure.
Some of the leading players in the Global Connected Trucks Market are Denso Corporation, Robert Bosch, Continental, Harman, Magna, TomTom, Sierra Wireless, ZF, NXP, Verizon etc.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of the Global Connected Trucks Market by using a bottom-up approach, where the data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
In this report, the Global Connected Trucks Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Light Commercial Vehicles
Heavy Commercial Vehicles
Dedicated Short Range Communication (DSRC)
Cyber Security & Updates
Middle East and Africa
Company Profiles: Detailed analysis of the major companies present in the Global Connected Trucks Market.
With the given market data, TechSci Research offers customizations according the company's specific needs. The following customization options are available for the report:
Profit Margin Analysis