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The Role Of Fuel-Efficient Averages In Propelling Growth In The Connected Trucks Market: A Significant Driver Propelling The Connected Truck Market In 2025
Connected Truck
What Is the Connected Truck Market Size and Projected Growth Rate?
The Connected Truck Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Connected Truck Market Size and Projected Growth Rate?
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What Are the Major Segments in the Connected Truck Market?
The connected truck market covered in this report is segmented -
1) By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles
2) By Range: Dedicated Short Range, Long Range Or Cellular Network
3) By Communication Type: Vehicle to Vehicle (V2V), Vehicle to Cloud (V2C), Vehicle to Infrastructure (V2I)
4) By Application: Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, Mobility Management
Subsegments:
1) By Light Commercial Vehicles: Delivery Vans, Pickup Trucks, Small Cargo Vehicles
2) By Heavy Commercial Vehicles: Trucks, Trailers, Buses
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What Are The Driving Connected Truck Market Evolution?
The anticipated increase in fuel-efficiency is set to boost the development of the connected trucks industry. Fuel-efficient vehicles are determined by how far they can travel per unit of used fuel. Connected trucks are instrumental in improving fuel-efficiency by calculating the most favourable routes and preventing traffic delays, which can minimize fuel waste and heighten efficiency. For instance, according to the US-based governmental agency, Environmental Protection Agency (EPA)'s December 2023 reports, most vehicle classes achieved optimum fuel economy thus far, with SUVs marking 2.4 mpg improvement in their 2022 model year. Hence, the uptick in fuel-efficient averages is steering the growth of the connected trucks market.
Which Firms Dominate The Connected Truck Market Segments?
Major companies operating in the connected truck market include Robert Bosch GmbH, Continental AG, Denso Corporation, ZF Friedrichshafen AG, Magna International Inc., Daimler AG, Harman International, Aptiv Global Operations Limited, Sierra Wireless Inc., Mercedes-Benz Group AG, Aktiebolaget Volvo, NXP Semiconductors NV, Verizon Communications Inc., Trimble Inc., Borgwarner Inc., Geotab Inc., Mix Telematics, TomTom International BV, Traton SE, Tata Motors Ltd., PACCAR Inc., DAF Trucks N.V., WABCO Vehicle Control Systems, Stoneridge Inc., Navistar International Corporation, Scania AB, Iveco Group NV, AT&T Fleet Complete, KeepTruckin Inc., Omnitracs LLC
What Trends Are Expected to Dominate the Connected Truck Market in the Next 5 Years?
Innovations in technology are rapidly becoming a prominent trend in the connected truck industry. To retain their competitive edge in the market, key corporations engaged in the connected truck marketplace are employing the latest technological advancements. As an example, Volvo Trucks North America, a truck firm headquartered in the United States, introduced a new tool called Connected Vehicle Analytics (CVA) in March 2023. This tool collects factual data on fleet operations, including but not limited to, current truck designs, daily paths, average velocities, and fuel consumption. Utilizing the CVA tool, dealers can monitor the manner in which fleet customers use their Volvo vehicles and spot opportunities for improvement that could boost their overall efficiency and productivity. Dealers are provided with actionable insights regarding the performance of a client's fleet and potential changes or upgrades that could be considered when investing in new Volvo trucks via the CVA tool. Information is presented on an array of factors that may affect a vehicle's fuel use and consumption.
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Which Is The Largest Region In The Connected Truck Market?
North America was the largest region in the connected truck market in 2024.Europe is expected to be the fastest-growing region in the global connected truck market report during the forecast period. The regions covered in the connected truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected Truck Market?
2. What is the CAGR expected in the Connected Truck Market?
3. What Are the Key Innovations Transforming the Connected Truck Industry?
4. Which Region Is Leading the Connected Truck Market?
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