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Connected Trucks Market, Size, Share, Growth, Report (2018 to 2023)

The connected truck market is projected to grow at a CAGR of 15.14% during the forecast period, to reach USD 37.64 Billion by 2022 from an estimated USD 18.60 Billion in 2017.

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Connected Trucks Market, Size, Share, Growth, Report (2018 to 2023)

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  1. Connected Truck Market by Range, Service, Component , Communication, Vehicle and Region - Global Forecast to 2022 www.MarketsandMarkets.com

  2. North America: Largest market for Connected Truck North America is projected to be the largest connected truck market from 2017 to 2022. The market growth in the region can be attributed to various factors such as increasing connected devices in trucks, increasing digitization of various services in fleet management, and concerns of cybersecurity & updates. Also, strategic alliances between OEMs and non-automotive companies, exceptional communication infrastructure, and government regulations for vehicle data security are expected to fuel the demand for connected trucks. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=15414377

  3. Light Commercial Vehicle is estimated to hold the largest market share during the forecast period Along with the rise in light commercial vehicle production, the demand for safety and comfort features has also increased among the end-users. According to the Organisation Internationale des Constructeursd’Automobiles (OICA) statistics, the global light commercial vehicle production has increased from 19.9 million units (2011) to 22.8 million units (2016), at a CAGR of 2.76% over the period of five years. Also, developing countries such as China and India have witnessed significant economic growth, which in turn is increasing the demand for commercial trucks that are equipped with connected devices to increase safety and reduce the operating cost of fleets. The considerable rise in digital services in fleets and growing vehicle to cloud (V2C) communication have increased the demand for connected devices, which in turn would fuel the connected truck market. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=15414377

  4. Browse >> 54market data tables 50figures 145 pagesand in-depth TOC on “Connected Truck Market- Global Forecast to 2022” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Dedicates Short-Range Communication (DSRC) for connected truck is estimated to hold the largest market share from 2017 to 2022 The growth of the connected truck market is anticipated to be driven by the increasing government mandates regarding safety regulations. Various automotive OEMs, especially in North America and Europe, are offering driver assistance systems such as adaptive cruise control, blind spot detection, lane departure warning, and park assist system as a standard application in their vehicles. OEMs such as General Motors (US), Daimler (Germany), Volvo (Germany), and Volkswagen (Germany) provide these safety devices in their truck models. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=15414377

  6. Target Audience: • The target audience of this report includes: • Automobile manufacturers • Connected car devices manufacturers • Automobile organizations/associations • Cloud service providers • Compliance regulatory authorities • Government agencies • Information Technology (IT) companies & system integrators • Investors and Venture Capitalists (VCs) • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=15414377

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cloud Based Solution Market. These include • Bosch (Germany) • Continental (Germany) • ZF Friedrichshafen AG (Germany). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=15414377

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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