Connected Truck Market

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Connected Truck MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2023-2028
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Connected truck market is expected to reach 51.5
billion by 2025 at a CAGR of 17.5 during the
forecast period 2020-2025. The rise in
digitization and increase in value-added
integration are likely to boost the growth of the
connected trucks market. Through connected truck
technology, fleet operators are able to optimize
factors such as fuel maintenance and driver
wages, which together contribute more than 60 of
the total cost of ownership.
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• Key Takeaways
• Connected trucks market in North America is
  anticipated to register a significant growth over
  the forecast period, due to higher adoption rate,
  improved infrastructure and the expansion of the
  automotive sector in these region.
• Vehicle to Vehicle Communication is growing at a
  highest CAGR of 21.5 in the forecast period, as
  this technology helps vehicles form spontaneous
  wireless networks on the go and transfer data
  over an ad-hoc mesh network.
• The commercial trucks are increasingly equipped
  with advanced driver assistance systems (ADAS)
  such as adaptive cruise control (ACC), lane
  departure warning (LDW), blind spot detection,
  and park assist system to enhance the safety of
  drivers as well as pedestrians.

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By Distribution Channel- Segment
Analysis Vehicle to Vehicle Communication is
growing at a highest CAGR of 21.5 in the
forecast period. As this technology helps
vehicles form spontaneous wireless networks on
the go and transfer data over an ad-hoc mesh
network. Each vehicle sends reports about traffic
and road conditions, vehicle position and speed,
route direction, and loss of stability and brakes
through V2V communication. Several companies such
as Tesla, Toyota and others have been investing
heavily for the research and development
activities in Vehicle to Vehicle Communication
technology.
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• Connected Truck Market Industry Outlook
• 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

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Connected Truck Market - Forecast(2023 -
2028) Learn More About the Report _at_
https//www.industryarc.com/Research/Connected-Tru
ck-Market-Research-501118
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id501118

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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