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Connected Truck Market Strategic Roadmap: Analysis and Forecasts 2026-2034

Connected Truck Market by Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), by Range (Dedicated Short-range Communication (DSRC), Long Range (Telematics Control Unit)), by Communication Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Cloud (V2C), Vehicle-to-Infrastructure (V2I)), by North America (United States, Canada, Rest of North America), by Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), by Rest of the World (South America, Middle East and Africa) Forecast 2026-2034

Base Year: 2025
234 Pages
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Connected Truck Market Strategic Roadmap: Analysis and Forecasts 2026-2034

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Geographic Coverage of Connected Truck Market

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Connected Truck Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of 16.33% from 2020-2034
Segmentation
    • By Vehicle Type
      • Light Commercial Vehicles
      • Heavy Commercial Vehicles
    • By Range
      • Dedicated Short-range Communication (DSRC)
        • Blind Spot Warning (BSW)
        • Forward Collision Warning (FCW)
        • Lane Departure Warning (LDW)
        • Emergency Brake Assist (EBA)
        • Other Short Ranges
      • Long Range (Telematics Control Unit)
    • By Communication Type
      • Vehicle-to-Vehicle (V2V)
      • Vehicle-to-Cloud (V2C)
      • Vehicle-to-Infrastructure (V2I)
  • By Geography
    • North America
      • United States
      • Canada
      • Rest of North America
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • South America
      • Middle East and Africa

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Objective
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Market Snapshot
  3. 3. Market Dynamics
    • 3.1. Market Drivers
    • 3.2. Market Restrains
    • 3.3. Market Trends
    • 3.4. Market Opportunities
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
      • 4.1.1. Bargaining Power of Suppliers
      • 4.1.2. Bargaining Power of Buyers
      • 4.1.3. Threat of New Entrants
      • 4.1.4. Threat of Substitutes
      • 4.1.5. Competitive Rivalry
    • 4.2. PESTEL analysis
    • 4.3. BCG Analysis
      • 4.3.1. Stars (High Growth, High Market Share)
      • 4.3.2. Cash Cows (Low Growth, High Market Share)
      • 4.3.3. Question Mark (High Growth, Low Market Share)
      • 4.3.4. Dogs (Low Growth, Low Market Share)
    • 4.4. Ansoff Matrix Analysis
    • 4.5. Supply Chain Analysis
    • 4.6. Regulatory Landscape
    • 4.7. Current Market Potential and Opportunity Assessment (TAM–SAM–SOM Framework)
    • 4.8. PMV Analyst Note
  5. 5. Market Analysis, Insights and Forecast 2021-2033
    • 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.1.1. Light Commercial Vehicles
      • 5.1.2. Heavy Commercial Vehicles
    • 5.2. Market Analysis, Insights and Forecast - by Range
      • 5.2.1. Dedicated Short-range Communication (DSRC)
        • 5.2.1.1. Blind Spot Warning (BSW)
        • 5.2.1.2. Forward Collision Warning (FCW)
        • 5.2.1.3. Lane Departure Warning (LDW)
        • 5.2.1.4. Emergency Brake Assist (EBA)
        • 5.2.1.5. Other Short Ranges
      • 5.2.2. Long Range (Telematics Control Unit)
    • 5.3. Market Analysis, Insights and Forecast - by Communication Type
      • 5.3.1. Vehicle-to-Vehicle (V2V)
      • 5.3.2. Vehicle-to-Cloud (V2C)
      • 5.3.3. Vehicle-to-Infrastructure (V2I)
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. North America
      • 5.4.2. Europe
      • 5.4.3. Asia Pacific
      • 5.4.4. Rest of the World
  6. 6. Global Connected Truck Market Analysis, Insights and Forecast, 2021-2033
    • 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 6.1.1. Light Commercial Vehicles
      • 6.1.2. Heavy Commercial Vehicles
    • 6.2. Market Analysis, Insights and Forecast - by Range
      • 6.2.1. Dedicated Short-range Communication (DSRC)
        • 6.2.1.1. Blind Spot Warning (BSW)
        • 6.2.1.2. Forward Collision Warning (FCW)
        • 6.2.1.3. Lane Departure Warning (LDW)
        • 6.2.1.4. Emergency Brake Assist (EBA)
        • 6.2.1.5. Other Short Ranges
      • 6.2.2. Long Range (Telematics Control Unit)
    • 6.3. Market Analysis, Insights and Forecast - by Communication Type
      • 6.3.1. Vehicle-to-Vehicle (V2V)
      • 6.3.2. Vehicle-to-Cloud (V2C)
      • 6.3.3. Vehicle-to-Infrastructure (V2I)
  7. 7. North America Connected Truck Market Analysis, Insights and Forecast, 2020-2032
    • 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 7.1.1. Light Commercial Vehicles
      • 7.1.2. Heavy Commercial Vehicles
    • 7.2. Market Analysis, Insights and Forecast - by Range
      • 7.2.1. Dedicated Short-range Communication (DSRC)
        • 7.2.1.1. Blind Spot Warning (BSW)
        • 7.2.1.2. Forward Collision Warning (FCW)
        • 7.2.1.3. Lane Departure Warning (LDW)
        • 7.2.1.4. Emergency Brake Assist (EBA)
        • 7.2.1.5. Other Short Ranges
      • 7.2.2. Long Range (Telematics Control Unit)
    • 7.3. Market Analysis, Insights and Forecast - by Communication Type
      • 7.3.1. Vehicle-to-Vehicle (V2V)
      • 7.3.2. Vehicle-to-Cloud (V2C)
      • 7.3.3. Vehicle-to-Infrastructure (V2I)
  8. 8. Europe Connected Truck Market Analysis, Insights and Forecast, 2020-2032
    • 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 8.1.1. Light Commercial Vehicles
      • 8.1.2. Heavy Commercial Vehicles
    • 8.2. Market Analysis, Insights and Forecast - by Range
      • 8.2.1. Dedicated Short-range Communication (DSRC)
        • 8.2.1.1. Blind Spot Warning (BSW)
        • 8.2.1.2. Forward Collision Warning (FCW)
        • 8.2.1.3. Lane Departure Warning (LDW)
        • 8.2.1.4. Emergency Brake Assist (EBA)
        • 8.2.1.5. Other Short Ranges
      • 8.2.2. Long Range (Telematics Control Unit)
    • 8.3. Market Analysis, Insights and Forecast - by Communication Type
      • 8.3.1. Vehicle-to-Vehicle (V2V)
      • 8.3.2. Vehicle-to-Cloud (V2C)
      • 8.3.3. Vehicle-to-Infrastructure (V2I)
  9. 9. Asia Pacific Connected Truck Market Analysis, Insights and Forecast, 2020-2032
    • 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 9.1.1. Light Commercial Vehicles
      • 9.1.2. Heavy Commercial Vehicles
    • 9.2. Market Analysis, Insights and Forecast - by Range
      • 9.2.1. Dedicated Short-range Communication (DSRC)
        • 9.2.1.1. Blind Spot Warning (BSW)
        • 9.2.1.2. Forward Collision Warning (FCW)
        • 9.2.1.3. Lane Departure Warning (LDW)
        • 9.2.1.4. Emergency Brake Assist (EBA)
        • 9.2.1.5. Other Short Ranges
      • 9.2.2. Long Range (Telematics Control Unit)
    • 9.3. Market Analysis, Insights and Forecast - by Communication Type
      • 9.3.1. Vehicle-to-Vehicle (V2V)
      • 9.3.2. Vehicle-to-Cloud (V2C)
      • 9.3.3. Vehicle-to-Infrastructure (V2I)
  10. 10. Rest of the World Connected Truck Market Analysis, Insights and Forecast, 2020-2032
    • 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 10.1.1. Light Commercial Vehicles
      • 10.1.2. Heavy Commercial Vehicles
    • 10.2. Market Analysis, Insights and Forecast - by Range
      • 10.2.1. Dedicated Short-range Communication (DSRC)
        • 10.2.1.1. Blind Spot Warning (BSW)
        • 10.2.1.2. Forward Collision Warning (FCW)
        • 10.2.1.3. Lane Departure Warning (LDW)
        • 10.2.1.4. Emergency Brake Assist (EBA)
        • 10.2.1.5. Other Short Ranges
      • 10.2.2. Long Range (Telematics Control Unit)
    • 10.3. Market Analysis, Insights and Forecast - by Communication Type
      • 10.3.1. Vehicle-to-Vehicle (V2V)
      • 10.3.2. Vehicle-to-Cloud (V2C)
      • 10.3.3. Vehicle-to-Infrastructure (V2I)
  11. 11. Competitive Analysis
      • 11.1. Company Profiles
        • 11.1.1 Harman Internationa
          • 11.1.1.1. Company Overview
          • 11.1.1.2. Products
          • 11.1.1.3. Company Financials
          • 11.1.1.4. SWOT Analysis
        • 11.1.2 Magna International Inc
          • 11.1.2.1. Company Overview
          • 11.1.2.2. Products
          • 11.1.2.3. Company Financials
          • 11.1.2.4. SWOT Analysis
        • 11.1.3 Denso Corporation
          • 11.1.3.1. Company Overview
          • 11.1.3.2. Products
          • 11.1.3.3. Company Financials
          • 11.1.3.4. SWOT Analysis
        • 11.1.4 NXP Semiconductors NV
          • 11.1.4.1. Company Overview
          • 11.1.4.2. Products
          • 11.1.4.3. Company Financials
          • 11.1.4.4. SWOT Analysis
        • 11.1.5 Continental AG
          • 11.1.5.1. Company Overview
          • 11.1.5.2. Products
          • 11.1.5.3. Company Financials
          • 11.1.5.4. SWOT Analysis
        • 11.1.6 Mercedes-Benz Group AG
          • 11.1.6.1. Company Overview
          • 11.1.6.2. Products
          • 11.1.6.3. Company Financials
          • 11.1.6.4. SWOT Analysis
        • 11.1.7 Robert Bosch GmbH
          • 11.1.7.1. Company Overview
          • 11.1.7.2. Products
          • 11.1.7.3. Company Financials
          • 11.1.7.4. SWOT Analysis
        • 11.1.8 Aptiv Global Operations Limited
          • 11.1.8.1. Company Overview
          • 11.1.8.2. Products
          • 11.1.8.3. Company Financials
          • 11.1.8.4. SWOT Analysis
        • 11.1.9 Sierra Wireless
          • 11.1.9.1. Company Overview
          • 11.1.9.2. Products
          • 11.1.9.3. Company Financials
          • 11.1.9.4. SWOT Analysis
        • 11.1.10 AB Volvo
          • 11.1.10.1. Company Overview
          • 11.1.10.2. Products
          • 11.1.10.3. Company Financials
          • 11.1.10.4. SWOT Analysis
        • 11.1.11 ZF Friedrichshafen AG
          • 11.1.11.1. Company Overview
          • 11.1.11.2. Products
          • 11.1.11.3. Company Financials
          • 11.1.11.4. SWOT Analysis
      • 11.2. Market Entropy
        • 11.2.1 Company's Key Areas Served
        • 11.2.2 Recent Developments
      • 11.3. Company Market Share Analysis 2025
        • 11.3.1 Top 5 Companies Market Share Analysis
        • 11.3.2 Top 3 Companies Market Share Analysis
    • 11.4. List of Potential Customers
  12. 12. Research Methodology

    List of Figures

    1. Figure 1: Global Connected Truck Market Revenue Breakdown (Million, %) by Region 2025 & 2033
    2. Figure 2: North America Connected Truck Market Revenue (Million), by Vehicle Type 2025 & 2033
    3. Figure 3: North America Connected Truck Market Revenue Share (%), by Vehicle Type 2025 & 2033
    4. Figure 4: North America Connected Truck Market Revenue (Million), by Range 2025 & 2033
    5. Figure 5: North America Connected Truck Market Revenue Share (%), by Range 2025 & 2033
    6. Figure 6: North America Connected Truck Market Revenue (Million), by Communication Type 2025 & 2033
    7. Figure 7: North America Connected Truck Market Revenue Share (%), by Communication Type 2025 & 2033
    8. Figure 8: North America Connected Truck Market Revenue (Million), by Country 2025 & 2033
    9. Figure 9: North America Connected Truck Market Revenue Share (%), by Country 2025 & 2033
    10. Figure 10: Europe Connected Truck Market Revenue (Million), by Vehicle Type 2025 & 2033
    11. Figure 11: Europe Connected Truck Market Revenue Share (%), by Vehicle Type 2025 & 2033
    12. Figure 12: Europe Connected Truck Market Revenue (Million), by Range 2025 & 2033
    13. Figure 13: Europe Connected Truck Market Revenue Share (%), by Range 2025 & 2033
    14. Figure 14: Europe Connected Truck Market Revenue (Million), by Communication Type 2025 & 2033
    15. Figure 15: Europe Connected Truck Market Revenue Share (%), by Communication Type 2025 & 2033
    16. Figure 16: Europe Connected Truck Market Revenue (Million), by Country 2025 & 2033
    17. Figure 17: Europe Connected Truck Market Revenue Share (%), by Country 2025 & 2033
    18. Figure 18: Asia Pacific Connected Truck Market Revenue (Million), by Vehicle Type 2025 & 2033
    19. Figure 19: Asia Pacific Connected Truck Market Revenue Share (%), by Vehicle Type 2025 & 2033
    20. Figure 20: Asia Pacific Connected Truck Market Revenue (Million), by Range 2025 & 2033
    21. Figure 21: Asia Pacific Connected Truck Market Revenue Share (%), by Range 2025 & 2033
    22. Figure 22: Asia Pacific Connected Truck Market Revenue (Million), by Communication Type 2025 & 2033
    23. Figure 23: Asia Pacific Connected Truck Market Revenue Share (%), by Communication Type 2025 & 2033
    24. Figure 24: Asia Pacific Connected Truck Market Revenue (Million), by Country 2025 & 2033
    25. Figure 25: Asia Pacific Connected Truck Market Revenue Share (%), by Country 2025 & 2033
    26. Figure 26: Rest of the World Connected Truck Market Revenue (Million), by Vehicle Type 2025 & 2033
    27. Figure 27: Rest of the World Connected Truck Market Revenue Share (%), by Vehicle Type 2025 & 2033
    28. Figure 28: Rest of the World Connected Truck Market Revenue (Million), by Range 2025 & 2033
    29. Figure 29: Rest of the World Connected Truck Market Revenue Share (%), by Range 2025 & 2033
    30. Figure 30: Rest of the World Connected Truck Market Revenue (Million), by Communication Type 2025 & 2033
    31. Figure 31: Rest of the World Connected Truck Market Revenue Share (%), by Communication Type 2025 & 2033
    32. Figure 32: Rest of the World Connected Truck Market Revenue (Million), by Country 2025 & 2033
    33. Figure 33: Rest of the World Connected Truck Market Revenue Share (%), by Country 2025 & 2033

    List of Tables

    1. Table 1: Global Connected Truck Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
    2. Table 2: Global Connected Truck Market Revenue Million Forecast, by Range 2020 & 2033
    3. Table 3: Global Connected Truck Market Revenue Million Forecast, by Communication Type 2020 & 2033
    4. Table 4: Global Connected Truck Market Revenue Million Forecast, by Region 2020 & 2033
    5. Table 5: Global Connected Truck Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
    6. Table 6: Global Connected Truck Market Revenue Million Forecast, by Range 2020 & 2033
    7. Table 7: Global Connected Truck Market Revenue Million Forecast, by Communication Type 2020 & 2033
    8. Table 8: Global Connected Truck Market Revenue Million Forecast, by Country 2020 & 2033
    9. Table 9: United States Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    10. Table 10: Canada Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    11. Table 11: Rest of North America Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    12. Table 12: Global Connected Truck Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
    13. Table 13: Global Connected Truck Market Revenue Million Forecast, by Range 2020 & 2033
    14. Table 14: Global Connected Truck Market Revenue Million Forecast, by Communication Type 2020 & 2033
    15. Table 15: Global Connected Truck Market Revenue Million Forecast, by Country 2020 & 2033
    16. Table 16: Germany Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    17. Table 17: United Kingdom Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    18. Table 18: France Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    19. Table 19: Italy Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    20. Table 20: Spain Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    21. Table 21: Rest of Europe Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    22. Table 22: Global Connected Truck Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
    23. Table 23: Global Connected Truck Market Revenue Million Forecast, by Range 2020 & 2033
    24. Table 24: Global Connected Truck Market Revenue Million Forecast, by Communication Type 2020 & 2033
    25. Table 25: Global Connected Truck Market Revenue Million Forecast, by Country 2020 & 2033
    26. Table 26: China Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    27. Table 27: India Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    28. Table 28: Japan Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    29. Table 29: South Korea Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    30. Table 30: Rest of Asia Pacific Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    31. Table 31: Global Connected Truck Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
    32. Table 32: Global Connected Truck Market Revenue Million Forecast, by Range 2020 & 2033
    33. Table 33: Global Connected Truck Market Revenue Million Forecast, by Communication Type 2020 & 2033
    34. Table 34: Global Connected Truck Market Revenue Million Forecast, by Country 2020 & 2033
    35. Table 35: South America Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033
    36. Table 36: Middle East and Africa Connected Truck Market Revenue (Million) Forecast, by Application 2020 & 2033

    Frequently Asked Questions

    1. What is the projected Compound Annual Growth Rate (CAGR) of the Connected Truck Market?

    The projected CAGR is approximately 16.33%.

    2. Which companies are prominent players in the Connected Truck Market?

    Key companies in the market include Harman Internationa, Magna International Inc, Denso Corporation, NXP Semiconductors NV, Continental AG, Mercedes-Benz Group AG, Robert Bosch GmbH, Aptiv Global Operations Limited, Sierra Wireless, AB Volvo, ZF Friedrichshafen AG.

    3. What are the main segments of the Connected Truck Market?

    The market segments include Vehicle Type, Range, Communication Type.

    4. Can you provide details about the market size?

    The market size is estimated to be USD 29.34 Million as of 2022.

    5. What are some drivers contributing to market growth?

    Government Norms Mandating the Integration of Connected Technologies in Commercial Vehicles are Driving the Growth; Other Drivers.

    6. What are the notable trends driving market growth?

    Increasing Use of Telematics in the Commercial Vehicle Market to Drive the Connected Truck Market.

    7. Are there any restraints impacting market growth?

    Lack of IT Enabled Infrastructure in Emerging Economies Restricts the Connected Truck Market Growth; Cyber Security Threats Remain a Concern for the Market.

    8. Can you provide examples of recent developments in the market?

    Oct 2023: Volvo Trucks North America announced a new comprehensive fleet management portal, Volvo Connect, to access Volvo Trucks’ digital services, providing fleets with near real-time data on the health and performance of trucks in operation. The new portal offers analytics and reports that deliver fleets a range of truck data, including fuel consumption, idle time, vehicle speed, seat belt information, and location information.

    9. What pricing options are available for accessing the report?

    Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.

    10. Is the market size provided in terms of value or volume?

    The market size is provided in terms of value, measured in Million.

    11. Are there any specific market keywords associated with the report?

    Yes, the market keyword associated with the report is "Connected Truck Market," which aids in identifying and referencing the specific market segment covered.

    12. How do I determine which pricing option suits my needs best?

    The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

    13. Are there any additional resources or data provided in the Connected Truck Market report?

    While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

    14. How can I stay updated on further developments or reports in the Connected Truck Market?

    To stay informed about further developments, trends, and reports in the Connected Truck Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

    Methodology

    Step 1 - Identification of Relevant Samples Size from Population Database

    Step Chart
    Bar Chart
    Method Chart

    Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

    Approach Chart
    Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

    Note*: In applicable scenarios

    Step 3 - Data Sources

    Primary Research

    • Web Analytics
    • Survey Reports
    • Research Institute
    • Latest Research Reports
    • Opinion Leaders

    Secondary Research

    • Annual Reports
    • White Paper
    • Latest Press Release
    • Industry Association
    • Paid Database
    • Investor Presentations
    Analyst Chart

    Step 4 - Data Triangulation

    Involves using different sources of information in order to increase the validity of a study

    These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

    Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

    During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

    Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.