Global Connected Truck Telematics Market to Gain from Rising Adoption of Advanced Driver-assistance Systems

The rising use of commercial vehicle telematics among original equipment manufacturers (OEMs), software and analytics companies, suppliers, and dealers has created an environment conducive to the growth of the global connected truck telematics market. While the technology continues to be considered high-priced, the possibility of converting staggering volumes of data analytics into real-life solutions is too attractive for OEMs, dealers, and suppliers to ignore. As per a report, titled “Connected Truck Telematics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” the increasing demand for cloud connectivity among businesses in transport sector and OEMs will create lucrative growth prospects for the market. The report is currently available for sale on MarketResearchReports.biz.

The study presents a comprehensive overview on the global connected truck telematics market. It covers the market drivers as well as restraints, besides highlighting recommendations by industry veterans. Information thus the report compiles is obtained from diverse industrial sources. The same has been derived via in-depth primary and secondary research methods.

The global connected truck telematics market can be studied on the basis of various parameters. Based on component, the connected truck telematics market can be segmented into RADAR-based collision mitigation and other segments. In the coming years, the demand or RADAR-based collision mitigation segment is forecast to grow at a strong pace driven by the rising adoption of advanced driver-assistance systems. The systems aids vehicles in detecting collision, avoidance, mitigation, and warning. Besides this, it also offers lane change assistance and blind spot monitoring. The rising demand for advanced features such as these in vehicles will create growth opportunities for the RADAR-based collision segment.

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In terms of technology, the connected truck telematics market will witness increasing demand for DSRS vehicle-to-vehicle communication. It is expected to constitute the largest segment based on application. The rising demand from technical vendors and automobile manufacturers will aid the expansion of the segment. In terms of vehicle, the global connected truck telematics market can be bifurcated into heavy chemical vehicle and light chemical vehicle. The rapid urbanization witnessed worldwide is expected to fuel demand from the commercial vehicle segment over the course of the forecast period.

Regionally, the global connected truck telematics market can be segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, Europe is home to a well-established automotive sector and will thus exhibit high demand for connected trucks telematics. The region is also well-placed in terms of ICT infrastructure and smart mobility. Spurred by these factors, the connected truck telematics market in Europe will expand at a positive pace.

The report also profiles companies such as Peloton Technology, Daimler AG, Bendix Commercial Vehicles Systems LLC, Scania AB, Meritor WABCO, AB Volvo, DAF, OTTO MOTORS, and Continental AG.

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