The Role Of Fuel-Efficient Averages In Propelling Growth In The Connected Trucks Market: Strategic Insights Driving Connected Truck Market Momentum in 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Connected Truck Market Size By 2025?
The market size of connected trucks has seen a significant increase in recent years. It is expected to expand from $34.6 billion in 2024 to $39.83 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.1%. The substantial growth in the historical period can be credited to factors such as heightened integration of telematics, improved fuel efficiency and emission adherence, a surge in demand for heightened safety measures, optimization of fleet management, and adherence to regulations.

How Big Is the Connected Truck Market Size Expected to Grow by 2029?
The size of the connected truck market is anticipated to experience notable expansion in the imminent years. By 2029, the value of this sector is predicted to rise to $73.18 billion, with a compound annual growth rate (CAGR) of 16.4%. The anticipated escalation during this forecasted time frame can be attributed to the rise of autonomous and semi-autonomous driving, enhancements in predictive maintenance solutions, initiatives for smart cities, the drive towards environmental sustainability, and the potential for data monetization. The primary trends that are expected to emerge during this forecast period include advances in maintenance predications, improved telematics and fleet management, IoT sensor integrations, eco-friendly developments, and advancements in driver-assistance systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/connected-truck-global-market-report

Which Key Market Drivers Powering Connected Truck Market Expansion and Growth?
The anticipated increase in fuel-efficiency average is suggested to stimulate the expansion of the connected trucks market. The term "fuel-efficient vehicles" pertains to the mileage accomplished per unit of fuel utilized. The efficacy of connected trucks is displayed through their ability to enhance fuel efficiency by improving routing and dodging traffic delays, thus lowering fuel consumption and heightening efficiency. For example, recent records from the Environmental Protection Agency (EPA), a US government agency, stated that in December 2023, most vehicle segments reached their peak fuel economy to date. This includes sport utility vehicles, which saw a 2.4 mpg boost in the 2022 model year. Consequently, this upswing in fuel-efficiency average is providing impetus to the expansion of the connected trucks market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10211&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Connected Truck Market?
The emergence of new technologies is a rising trend in the connected truck industry. To maintain their standing in the market, major players in this sector are introducing innovative technology. Examples of this can be seen with Volvo Trucks North America, a company based in the US which launched the Connected Vehicle Analytics (CVA) tool in March 2023. This tool collects actual data from fleet operations like current truck configurations, daily routes, average speed, and fuel consumption rates. Using the CVA tool, dealers can gain useful insights about how fleet clients use their Volvo vehicles and identify areas where improvements can be made to enhance efficiency and productivity. Dealers are able to attain specific details about the performance of a customer's fleet and the potential updates and adjustments that can be implemented when purchasing new trucks using the CVA tool by Volvo Trucks. The data is provided on an array of factors that could affect the vehicle's fuel usage and consumption.

What Are the Emerging Segments in the Connected Truck Market?
The connected truckmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10211&type=smp

Who Are the Global Leaders in the Connected Truck Market?
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

Which are the Top Profitable Regional Markets for the Connected Truck Industry?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10211

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.