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Global Connected Truck market report, size, share, trends and forecast to 2028

Global Connected Truck market report, size, share, trends

According to Stratistics MRC, the Global Connected Truck Market is accounted for $24.91 billion in 2022 and is expected to reach $70.76 billion by 2028 growing at a CAGR of 19.0% during the forecast period.

A connected truck is outfitted with numerous sensors and contemporary technologies, like a fleet management system (FMS) and an advanced driver assist system (ADAS), which display vehicle upgrades, driver-support systems, fuel management, and other information on the screen. Connectivity improves fleet management and cuts down on vehicle downtime.

The market for connected vehicles is being propelled by a rise in demand for technologically advanced systems in large trucks. The components of the smart truck that safeguard the safety of drivers, pedestrians, and other vehicles include the lane keeping assist system (LKAS), blind spot detection (BSD), lane departure warning (LDW), and emergency brake assist (EBA). As a result, there is an increase in demand for these trucks.

By geography, North America is projected to hold the largest market share during the forecast period owing to the early adoption of this technology and increasing investments of the development of such technologically advanced technologies. Furthermore, this market's growth is positively impacted by the automotive sector's growth rate as well as the high rate of IoT adoption in this sector. Additionally, rising safety consciousness, government initiatives in the form of safety legislation for raising the level of safety, and the presence of significant market competitors are propelling this industry's expansion.

Some of the key players profiled in the Connected Truck Market include Aptiv Global Operations Limited, Continental AG, Denso Corporation, Daimler AG, Delphi Technologies, Denso Corporation, HARMAN International, Robert Bosch GmbH, Magna International Inc., Mercedes-Benz Group AG, Sierra Wireless, Volvo AB, ZF Friedrichshafen AG

Request a Sample of "Connected Truck Market" @
https://www.strategymrc.com/report/connected-truck-market

By Vehicle Types:
• Heavy Commercial Vehicles
• Light Commercial Vehicles

By Ranges:
• Dedicated Short-range Communication (DSRC)
• Long-range (Telematics Control Unit)

By Communications:
• Vehicle to Infrastructure (V2I)
• Vehicle to Cloud (V2C)
• Vehicle to Vehicle (V2V)

By Components:
• Hardware
• Software

By Services:
• Fleet Management Service
• Maintenance Service

By Applications:
• Driver Assistance
•Entertainment
•Vehicle Management
•Safety
•Well being
•Mobility Management

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

For more information about this report visit
https://www.strategymrc.com/report/connected-truck-market
Report Store: https://www.strategymrc.com/report-store
Covid-19 reports: https://www.strategymrc.com/covid-19-impact-reports

Contact Us:

Email: sales@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd Phone: +1-301-202-5929
Website: https://www.strategymrc.com

About Us:

Stratistics MRC offers a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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