Connected Truck Industry - Know the Prominent Factors That Will Help in Reshaping the Market Growth | ZF Friedrichshafen AG, Daimler AG, Volvo AB, Delphi Technologies, Denso Corporation

New York, Global Connected Truck Market report from Global Insight Services is the single authoritative source of intelligence on Connected Truck Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Connected Truck is a system that allows truck drivers to stay connected to the internet while on the road. This system includes a router, modem, and antenna that are installed in the truck. The system allows truck drivers to access the internet, email, and other applications while on the road. The Connected Truck system is designed to improve safety and efficiency for truck drivers.

Key Trends

There are four key trends in Connected Truck technology:

Big data and analytics: Trucking companies are increasingly using big data and analytics to improve their operations. By collecting and analyzing data on things like fuel usage, maintenance costs, and driver behavior, trucking companies can identify areas where they can save money and improve their efficiency.
Electric vehicles: Electric vehicles are becoming more popular in the trucking industry, due to their lower operating costs and environmental benefits. Trucking companies are beginning to experiment with electric trucks, and some are even starting to deploy them on a larger scale.
Autonomous technologies: Autonomous technologies are beginning to be used in the trucking industry, with the goal of reducing accidents and increasing efficiency. These technologies include things like self-driving trucks, which are being tested by several companies.
Connected technologies: Connected technologies are being used more and more in the trucking industry, as they can help improve communication between drivers and dispatch, and can also provide data that can be used to improve operations.

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Key Drivers

There are several key drivers of the connected truck market.

First, the ever-increasing demand for goods and services has led to a corresponding increase in trucking activity. This has put pressure on trucking companies to find ways to improve efficiency and cut costs. One way to do this is to invest in technology, and connected trucks are a prime example.

Second, the rise of the sharing economy has led to a new generation of truckers who are more open to using technology to improve their operations. This is especially true of younger truckers, who are more likely to be familiar with and comfortable using apps and other digital tools.

Finally, government regulations are increasingly requiring trucking companies to track their vehicles and drivers in real time, which is only possible with a connected truck fleet.

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Market Segments

The Connected Truck Market is segmented by range, service, component, and region. By range, the market is divided into dedicated short-range communication (DSRC) and cellular. Based on service, it is bifurcated into fleet management and cybersecurity & updates. On the basis of component, it is classified into hardware and software. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Connected Truck Market includes players such as Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Daimler AG, Volvo AB, Delphi Technologies, Denso Corporation, HARMAN International, Sierra Wireless, Inc., and Magna International Inc.

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