Connected Trucks Market Size 2027: Projected Growth and Opportunities | Techsci Research

During the forecast period of 2023-2027, the global market for connected trucks is expected to grow impressively due to the increasing demand for vehicle connectivity in the logistics and transportation industry. This growth is further propelled by the reduction in vehicle recalls resulting from vehicle data updates and the rising demand for infotainment. The Dedicated Short Range Communication (DSRC) segment is projected to witness the highest Compound Annual Growth Rate (CAGR) in terms of range, due to the growing use of radar and LiDAR-based safety systems like blind spot detection and adaptive cruise control.

The market has been segmented based on communication into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Cloud (V2C). The V2V communication segment is expected to grow at the highest rate during the forecast period, owing to the increasing number of connected devices in trucks. North America held the majority share in 2021 and is expected to continue its dominance until 2027 due to the increasing use of connected car devices in commercial vehicles and the rising digitization of various services in cybersecurity and fleet management. The Asia Pacific connected trucks market is projected to grow at the highest rate due to the expanding information and communication technology infrastructure.

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., and Verizon Communications Inc. are some of the leading players in the global connected trucks market.

Browse full report - https://www.techsciresearch.com/report/global-connected-trucks-market/1455.html

Objective of the Study:

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

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

TechSci Research calculated the market size of global connected trucks market using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research 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 by TechSci Research.

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 market opportunities.

Download Free Sample - https://www.techsciresearch.com/sample-report.aspx?cid=1455

Report Scope:

In this report, 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

Download Free Sample - https://www.techsciresearch.com/sample-report.aspx?cid=1455

Related Reports:

Electric Vehicle Testing Services Market

Electric Commercial Vehicle Market

Automotive Safe Exit Assist Market

Global Adas Market

About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web: https://www.techsciresearch.com