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 Truck Market by Range, Service, Component ,
Communication, Vehicle and Region - Global Forecast to 2022

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.
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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 Constructeurs d’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.
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54 market data tables
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145 pages and in-depth TOC on “Connected Truck Market- Global
Forecast to 2022”
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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.
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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)
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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).
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