According to a market report by Lucintel, the future of the connected truck market looks promising with opportunities in the light commercial vehicle and heavy commercial vehicle markets. The connected truck market is expected to grow with a CAGR of 15% from 2019 to 2024. The major drivers for this market are growing demand for vehicle connectivity in logistics and transportation business, development of information and telecommunication infrastructure, and government regulations supporting connected technology in commercial vehicles.
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Within the connected truck market, light commercial vehicle and heavy commercial vehicles are the major end use industries. Light commercial vehicle is the largest end use segment for connected truck market.
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North America will remain the largest region over the forecast period due to increasing use of connected devices in commercial vehicles, increasing digitization of various services in fleet management, and cybersecurity & updates.
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Robert Bosch, Continental, Denso, Delphi, Harman, ZF, NXP, Magna, Sierra Wireless, Tomtom, Trimble, Verizon are among the major suppliers of connected truck.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the connected truck market by range, by component, by communication, by service, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Connected Truck Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the connected truck market by range, by component, by communication, by service, by end use, and by region as follows:
By Range [$M shipment analysis for 2013 – 2024]
- DSRC
- Cellular
By Component [$M shipment analysis for 2013 – 2024]
- Hardware
- Software
By Communication [$M shipment analysis for 2013 – 2024]
- V2V
- V2I
- V2C
By Service [$M shipment analysis for 2013 – 2024]
- Fleet Management
- Cybersecurity & Updates
By End Use [$M shipment analysis for 2013 – 2024]
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Region [$M shipment analysis for 2013 – 2024]
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- France
- United Kingdom
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- The Rest of the World
- Brazil
- Turkey
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/connected-truck-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global connected truck market by range (DSRC, cellular), by component (hardware, software), by communication (V2V, V2I, and V2C), by service (fleet management, cybersecurity & updates), by end use (light commercial vehicle, and heavy commercial vehicle), and by region (North America, Europe, Asia Pacific, and The Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global connected truck market?
Q.5 What are the business risks and threats to the global connected truck market?
Q.6 What are emerging trends in this connected truck market and the reasons behind them?
Q.7 What are some changing demands of customers in the global connected truck market?
Q.8 What are the new developments in the global connected truck market? Which companies are leading these developments?
Q.9 Who are the major players in this connected truck market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this connected truck area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this connected truck market?
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