Connected Truck Market growth, business opportunities, share value, key insights and size estimation by 2031 | Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG

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.

Take advantage of a limited-time opportunity: Get a 50% discount! -https://www.globalinsightservices.com/request-sample/GIS21678

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.

View Detailed Report Description - https://www.globalinsightservices.com/reports/connected-truck-market/

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.

Restraints & Challenges

One of the key restraints in the connected truck market is the lack of standardization in terms of connectivity protocols and data formats.

Another key restraint in the connected truck market is the high cost of implementation. The cost of installing and maintaining a connected truck system is quite high, which is a major concern for small and medium enterprises.

Get a customized scope to match your need, ask an expert - https://www.globalinsightservices.com/request-customization/GIS21678

The challenge of battery life: The connected truck systems rely on battery power for their operation. However, the battery life of these systems is quite short, which is a major challenge for the market.

The challenge of driver distraction: The connected truck systems can cause driver distraction, which can lead to accidents.

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.

Exclusive Limited-Time Offer: Get a 50% Discount on Report Purchase Here -https://www.globalinsightservices.com/checkout/single_user/GIS21678

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

New Report Published by Global Insight Services - https://www.globalinsightservices.com/reports/hydrogen-projects-database/?utm_source=utm_source%3Dlinkewire_pranali_pawar&utm_medium=member_desktop

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

This release was published on openPR.