How big is the Connected Truck Market?

The Connected Truck Market size is expected to reach USD 29.34 billion in 2024 and grow at a CAGR of 16.33% to reach USD 62.49 billion by 2029. Read More

What is the current Connected Truck Market size?

In 2024, the Connected Truck Market size is expected to reach USD 29.34 billion. Read More

Who are the key players in Connected Truck Market?

Robert Bosch GmbH, Aptiv PLC, Denso Corporation, ZF Friedrichshafen AG and Continental AG are the major companies operating in the Connected Truck Market. Read More

Which is the fastest growing region in Connected Truck Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Connected Truck Market?

In 2024, the North America accounts for the largest market share in Connected Truck Market. Read More

What years does this Connected Truck Market cover, and what was the market size in 2023?

In 2023, the Connected Truck Market size was estimated at USD 24.55 billion. The report covers the Connected Truck Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Connected Truck Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Connected Truck Market - Size, Share & Trends Report

Connected Truck Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Connected Trucking Technology Trends. It is Segmented by Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles), Range (Dedicated Short-Range Communication (ADAS) and Long Range (Telematics Control Unit)), Communication Type (Vehicle-To-Vehicle (V2V), Vehicle-To-Cloud (V2C), and Vehicle-To-Infrastructure (V2I)), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Size and Forecasts are Provided in Terms of Value (USD) and Volume (Units) for all the Above Segments.

Connected Truck Industry Overview

The connected truck market is dominated by several key players, such as Robert Bosch GmbH, Denso Corporation, and ZF. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product developments to expand their brand portfolios and cement their market positions. For instance:

In April 2024, Irdeto, a leading digital platform cybersecurity provider, collaborated with Ford Trucks to strengthen the cybersecurity protocols of its trucks and components in compliance with the most recent industry standards and regulations.
In January 2024, Tata Motors announced its connection of over 500,000 commercial vehicles with Fleet Edge, its dedicated connected vehicle platform. The platform utilizes smart technologies to enhance vehicle uptime and improve road safety. It provides real-time actionable insights on vehicle status, health, location, and driver behavior for every connected vehicle.
In February 2023, the UK government revealed that it earmarked a substantial sum of USD 97.4 million to support the development and implementation of commercial vehicle-connected vehicle technologies across the nation.