Connected Truck Market | Business Growth, Development Factors, Current and Future Trends till 2030 | Magna International Inc. Navistar International Corp NXP Semiconductors NV

Connected truck market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). Connected trucks are revolutionizing the transportation industry by integrating various technologies such as telematics, GPS, cellular connectivity, and sensors. These capabilities offer numerous benefits, from enhanced fleet management and improved safety to real-time communication and compliance with regulations.

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Improved affordability and reliability of connectivity solutions like 5G networks and low-power wide-area networks (LPWAN) are making connected trucks more accessible to a wider range of companies. Also, developments in sensors and artificial intelligence (AI) enable advanced features like predictive maintenance, automated route optimization, and autonomous driving, further enhancing efficiency and safety.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Connected Truck Market by Communication Type
o Vehicle to Vehicle
o Vehicle to Cloud
o Vehicle to Infrastructure

Global Connected Truck Market by Vehicle Type
o Light Commercial Vehicle
o Heavy Commercial Vehicle

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Aptiv Global Operations Limited
o Aurora Innovation
o Continental AG
o Daimler Truck AG
o Denso Corp.
o Harman International
o Kodiak Robotics, Inc.
o Magna International Inc.
o Navistar International Corp
o NXP Semiconductors NV
o Ryder System, Inc
o Sierra Wireless
o Trimble Transportation
o ZF Friedrichshafen AG

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global connected truck market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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