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Global Connected Trucks Market By Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles), By Communication (V2V, V2I, & V2C), By Range (DSRC and Cellular Network), By Services, By Region, By Company, Competition, By Geography, Forecast & Opportunities, 2026

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    Report

  • January 2021
  • Region: Global
  • TechSci Research
  • ID: 5240639
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The Global Connected Trucks Market is anticipated to grow at a CAGR of over 15% during the forecast period, due to the growing demand for vehicle connectivity in logistics and transportation business. Moreover, reduction in vehicle recalls due to vehicle data updates coupled with the increasing demand for infotainment is further escalating the growth of the market. In terms of range, the Dedicated Short Range Communication (DSRC) segment is anticipated to grow at the highest CAGR during the forecast period owing to rising radar and LiDAR based safety systems such as blind spot detection and adaptive cruise control.

Based on the communication, the market has been segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I) and Vehicle-to-Cloud (V2C). V2V communication segment is expected to grow at the highest rate during the forecast period owing to the rising number of connected devices in the trucks. North America acquired the majority share in 2020 and is expected to continue dominance until 2026 due to increasing connected car devices in commercial vehicles and rising digitization of various services in cybersecurity and fleet management. The Asia Pacific connected trucks market is forecast to grow at highest rate due to expanding information & communication technology infrastructure.

Some of the leading players in the Global Connected Trucks Market are Denso Corporation, Robert Bosch, Continental, Harman, Magna, TomTom, Sierra Wireless, ZF, NXP, Verizon etc.

Years considered for this report:
  • Historical Years: 2016-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022-2026

Objective of the Study:
  • To analyze and forecast the market size of the Global Connected Trucks Market, in terms of value and volume.
  • To classify and forecast the Global Connected Trucks Market based on vehicle type, communication, range, services and regional distribution.
  • To identify drivers and challenges for the Global Connected Trucks Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Connected Trucks Market.
  • To conduct the pricing analysis for the Global Connected Trucks Market.
  • To identify and analyze the profile of leading players operating in the Global Connected Trucks Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.

The publisher calculated the market size of the Global Connected Trucks Market by using a bottom-up approach, where the data for various application across various technology were recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Connected trucks manufacturers and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to connected trucks market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Connected Trucks Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Connected Trucks Market, By Vehicle Type:
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Global Connected Trucks Market, By Communication:
  • Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Cloud (V2C)

Global Connected Trucks Market, By Range:
  • Dedicated Short Range Communication (DSRC)
  • Cellular Network

Global Connected Trucks Market, By Services:
  • Cyber Security & Updates
  • Fleet Management

Global Connected Trucks Market, By Region:
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • North America
  • United States
  • Mexico
  • Canada
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Connected Trucks Market.

Available Customizations:
With the given market data, the publisher offers customizations according the company’s specific needs.

Profit Margin Analysis
  • Profit margin analysis in case of direct and indirect sales channel.

Table of Contents

1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Connected Trucks Market4. Executive Summary
5. Voice of Customer
5.1. Product Pricing
5.2. Factors Influencing Purchase Decision
5.3. Challenges/Issues Faced Post Purchase
6. Global Connected Trucks Market Overview
7. Global Connected Trucks Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles)
7.2.2. By Communication (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I) and Vehicle-To-Cloud (V2C))
7.2.3. By Range (Dedicated Short Range and Cellular Network)
7.2.4. By Services (Cybersecurity & Updates and Fleet Management)
7.2.5. By Company
7.2.6. By Region
7.3. Market Attractiveness Index
8. Asia-Pacific Connected Trucks Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Communication
8.2.3. By Range
8.2.4. By Services
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Connected Trucks Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value & Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Vehicle Type
8.3.1.2.2. By Communication
8.3.1.2.3. By Range
8.3.1.3. Pricing Analysis
8.3.2. India Connected Trucks Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value & Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Vehicle Type
8.3.2.2.2. By Communication
8.3.2.2.3. By Range
8.3.2.3. Pricing Analysis
8.3.3. Japan Connected Trucks Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value & Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Vehicle Type
8.3.3.2.2. By Communication
8.3.3.2.3. By Range
8.3.3.3. Pricing Analysis
8.3.4. South Korea Connected Trucks Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value & Volume
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Vehicle Type
8.3.4.2.2. By Communication
8.3.4.2.3. By Range
8.3.4.3. Pricing Analysis
8.3.5. Australia Connected Trucks Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value & Volume
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Vehicle Type
8.3.5.2.2. By Communication
8.3.5.2.3. By Range
8.3.5.3. Pricing Analysis
9. Europe Connected Trucks Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Communication
9.2.3. By Range
9.2.4. By Services
9.2.5. By Country
9.3. Europe: Country Analysis
9.3.1. France Connected Trucks Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value & Volume
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Vehicle Type
9.3.1.2.2. By Communication
9.3.1.2.3. By Range
9.3.1.3. Pricing Analysis
9.3.2. Germany Connected Trucks Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value & Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Vehicle Type
9.3.2.2.2. By Communication
9.3.2.2.3. By Range
9.3.2.3. Pricing Analysis
9.3.3. United Kingdom Connected Trucks Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value & Volume
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Vehicle Type
9.3.3.2.2. By Communication
9.3.3.2.3. By Range
9.3.3.3. Pricing Analysis
9.3.4. Italy Connected Trucks Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value & Volume
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Vehicle Type
9.3.4.2.2. By Communication
9.3.4.2.3. By Range
9.3.4.3. Pricing Analysis
9.3.5. Spain Connected Trucks Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value & Volume
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Vehicle Type
9.3.5.2.2. By Communication
9.3.5.2.3. By Range
9.3.5.3. Pricing Analysis
10. North America Connected Trucks Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Communication
10.2.3. By Range
10.2.4. By Services
10.2.5. By Country
10.3. North America: Country Analysis
10.3.1. United States Connected Trucks Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value & Volume
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Vehicle Type
10.3.1.2.2. By Communication
10.3.1.2.3. By Range
10.3.1.3. Pricing Analysis
10.3.2. Mexico Connected Trucks Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value & Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Vehicle Type
10.3.2.2.2. By Communication
10.3.2.2.3. By Range
10.3.2.3. Pricing Analysis
10.3.3. Canada Connected Trucks Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value & Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Vehicle Type
10.3.3.2.2. By Communication
10.3.3.2.3. By Range
10.3.3.3. Pricing Analysis
11. South America Connected Trucks Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Communication
11.2.3. By Range
11.2.4. By Services
11.2.5. By Country
11.3. South America: Country Analysis
11.3.1. Brazil Connected Trucks Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value & Volume
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Vehicle Type
11.3.1.2.2. By Communication
11.3.1.2.3. By Range
11.3.1.3. Pricing Analysis
11.3.2. Argentina Connected Trucks Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value & Volume
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Vehicle Type
11.3.2.2.2. By Communication
11.3.2.2.3. By Range
11.3.2.3. Pricing Analysis
11.3.3. Colombia Connected Trucks Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value & Volume
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Vehicle Type
11.3.3.2.2. By Communication
11.3.3.2.3. By Range
11.3.3.3. Pricing Analysis
12. Middle East and Africa Connected Trucks Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Vehicle Type
12.2.2. By Communication
12.2.3. By Range
12.2.4. By Services
12.2.5. By Country
12.3. MEA: Country Analysis
12.3.1. South Africa Connected Trucks Market Outlook
12.3.1.1. Market Size & Forecast
12.3.1.1.1. By Value & Volume
12.3.1.2. Market Share & Forecast
12.3.1.2.1. By Vehicle Type
12.3.1.2.2. By Communication
12.3.1.2.3. By Range
12.3.1.3. Pricing Analysis
12.3.2. Saudi Arabia Connected Trucks Market Outlook
12.3.2.1. Market Size & Forecast
12.3.2.1.1. By Value & Volume
12.3.2.2. Market Share & Forecast
12.3.2.2.1. By Vehicle Type
12.3.2.2.2. By Communication
12.3.2.2.3. By Range
12.3.2.3. Pricing Analysis
12.3.3. UAE Connected Trucks Market Outlook
12.3.3.1. Market Size & Forecast
12.3.3.1.1. By Value & Volume
12.3.3.2. Market Share & Forecast
12.3.3.2.1. By Vehicle Type
12.3.3.2.2. By Communication
12.3.3.2.3. By Range
12.3.3.3. Pricing Analysis
13. Market Dynamics
13.1. Drivers
13.2. Challenges
13.3. Opportunities
14. Market Trends & Developments
15. Competitive Landscape
15.1. Competition Outlook
15.2. Company Profiles (Leading Companies)
15.2.1. Denso Corp.
15.2.2. Bosch Ltd
15.2.3. Continental AG
15.2.4. Harman International Industries Limited
15.2.5. Magna International, Inc.
15.2.6. TomTom NV
15.2.7. Sierra Wireless Inc
15.2.8. ZF Friedrichshafen AG
15.2.9. NXP Semiconductors N.V.
15.2.10. Verizon Communications Inc.
16. Strategic Recommendations17. About the Publisher & Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Denso Corp.
  • Bosch Ltd
  • Continental AG
  • Harman International Industries Limited
  • Magna International, Inc.
  • TomTom NV
  • Sierra Wireless Inc
  • ZF Friedrichshafen AG
  • NXP Semiconductors N.V.
  • Verizon Communications Inc.

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