Quick Summary:
Navigating dynamic, expansive industries like the Connected Trucks Market can pose numerous challenges for business leaders seeking well-informed decision-making. That's where our comprehensive market research report steps in to offer game-changing insight, with estimations projecting the global market to escalate from US$47.9 Billion in 2022 to a whopping US$146.7 Billion by 2030.
This specialized report not only provides an expansive, in-depth analysis of integral market segments, but also highlights the expected growth trends across major economic powerhouses including the US, China, Japan, Canada, and Germany. The indispensable insights gleaned from top-tier competitors in this bustling industry make this report a critical tool in strategic planning and foresight. Empower your strategies and visions with the intelligence and perspective that this report provides, helping your business to align itself with the future of the Connected Trucks market.
Global Connected Trucks Market to Reach $146.7 Billion by 2030
The global market for Connected Trucks estimated at US$47.9 Billion in the year 2022, is projected to reach a revised size of US$146.7 Billion by 2030, growing at a CAGR of 15% over the analysis period 2022-2030. Dedicated Short Range, one of the segments analyzed in the report, is projected to record 16.5% CAGR and reach US$118.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Long Range / Cellular Network segment is readjusted to a revised 10.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $14.5 Billion, While China is Forecast to Grow at 14.2% CAGR
The Connected Trucks market in the U.S. is estimated at US$14.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24.8 Billion by the year 2030 trailing a CAGR of 14.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.Select Competitors (Total 47 Featured) -
- APTIV PLC
- Continental AG
- Denso Corporation
- HARMAN International
- Magna International Inc.
- NXP Semiconductors Netherlands B.V.
- Robert Bosch GmbH
- Sierra Wireless, Inc.
- TomTom International BV
- Trimble Inc.
- Verizon Connect
- ZF Friedrichshafen AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Connected Trucks?
What is the growth rate of the Global Market for Connected Trucks?
What is the forecasted size of the Global Market for Connected Trucks?
Who are the key companies in the Global Market for Connected Trucks?
Report Attribute | Details |
---|---|
No. of Pages | 197 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 47.9 Billion |
Forecasted Market Value ( USD | $ 146.7 Billion |
Compound Annual Growth Rate | 15.0% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- APTIV PLC
- Continental AG
- Denso Corporation
- HARMAN International
- Magna International Inc.
- NXP Semiconductors Netherlands B.V.
- Robert Bosch GmbH
- Sierra Wireless, Inc.
- TomTom International BV
- Trimble Inc.
- Verizon Connect
- ZF Friedrichshafen AG