Connected Truck Market is set to witness a Huge Growth with a USD 98 Billion at a CAGR of 16.7%, During the Forecast Period 2029

The connected truck market is expected to grow at 16.7% CAGR from 2023 to 2029. It is expected to reach above USD 98 billion by 2029 from USD 17.9 billion in 2022.

Exactitude Consultancy research's "Connected Truck Market Forecast" study report focuses at sales and the overall global market for Connected Truck in 2022. The sales forecast for Connected Truck by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Connected Truck market, with sales of Connected Truck broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Connected Truck Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Target Market

automobile producers

producers of connected vehicles gadgets

Automobile associations and organisations

providers of cloud services

regulatory agencies for compliance

Government institutions

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Connected Truck market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Connected Truck Market are:

Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Daimler AG, Volvo AB, Delphi Technologies, Denso Corporation, HARMAN International, Sierra Wireless, Inc., Magna International Inc

Recent Developments:

In September 2022, Tata Motors launched the latest versions of the Prima truck range equipped with ADAS features. Tata Prima is the first ADAS-enabled truck to be launched in India.

In August 2022, MiX Telematics, a leading provider of fleet and asset management solutions, announced its partnership with Hino trucks. This partnership is expected to provide MiX customers in North America that operate Hino trucks with rich data sets, informing intelligent decision-making regarding vehicle maintenance, safety, efficiency, and compliance.

In May 2022, Volvo Trucks and DHL teamed up to pilot a hub-to-hub autonomous trucking service in North America. This service is designed to serve shippers, carriers, logistics service providers, and freight brokers.

In March 2022, Daimler India Commercial Vehicles, which manufactures and sells trucks and buses under the BharatBenz brand and is a wholly owned subsidiary of Daimler Truck SE, officially launched the Daimler Truck Innovation Center India (DTICI), a fully-owned incubator to develop scalable digital connectivity innovations for the company's global product portfolio.

Connected Truck Market Segmentation:

Connected Truck Market By Vehicle Type, 2023-2029, (USD Billion), (Thousand Units)

Light Commercial Vehicle

Heavy Commercial Vehicle

Connected Truck Market By Range, 2023-2029, (USD Billion), (Thousand Units)

Dedicated Short-Range Communication (ADAS)

Long-Range (Telematics Control Unit)

Connected Truck Market By Communication Type, 2023-2029, (USD Billion), (Thousand Units)

Vehicle-To-Vehicle (V2V)

Vehicle-To-Cloud (V2C)

Vehicle-To-Infrastructure (V2I)

Connected Truck Market By Region, 2023-2029, (USD Billion), (Thousand Units)

North America

Asia Pacific

Europe

South America

Middle East and Africa

Important Countries in All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Connected Truck market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Connected Truck market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Connected Truck Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Connected Truck market
Chapter 2: Exclusive Summary - the basic information of the Connected Truck Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Connected Truck
Chapter 4: Presenting the Connected Truck Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Connected Truck market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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