Connected Truck Market

The global Connected Truck market was valued at 1959.02 Million USD in 2021 and will grow with a CAGR of 8.53% from 2021 to 2027, based on Research newly published report.

The prime objective of Connected Truck Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Connected Truck Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

The commercial vehicle manufacturers are taking several initiatives to expand the advanced innovation in their trucks. With the electrification and digitization of various components, infotainment, telematics systems, and autonomous driving are becoming an integral part of high-end automobiles. Most of these technologies use real-time data for live traffic, road conditions, and roadside help during a breakdown. The commercial vehicle is 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. Also, automakers are looking forward to enhance customer satisfaction with the help of cybersecurity & over-the-air (OTA) updates to rectify the bugs generated in the software of various applications. The advancement in connected features will increase the overall operational efficiency and vehicle performance of fleet operators.

By Market Verdors:

• Robert Bosch
• Continental
• Denso
• Delphi
• Harman
• ZF
• NXP
• Magna
• Sierra Wireless
• Tomtom
• Trimble
• Verizon

By Types:

• Dedicated Short Range
• Long Range/Cellular Network

By Applications:

• Passenger
• Commercial

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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