Connected Trucks Market Share: Exploring Opportunities with Market Size and Growth ProjectionsPosted by Kumar on April 19th, 2023 During the forecast period of 2023-2027, the global market for connected trucks is expected to grow impressively due to the increasing demand for vehicle connectivity in the logistics and transportation industry. This growth is further propelled by the reduction in vehicle recalls resulting from vehicle data updates and the rising demand for infotainment. The Dedicated Short Range Communication (DSRC) segment is projected to witness the highest Compound Annual Growth Rate (CAGR) in terms of range, due to the growing use of radar and LiDAR-based safety systems like blind spot detection and adaptive cruise control. The market has been segmented based on communication into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Cloud (V2C). The V2V communication segment is expected to grow at the highest rate during the forecast period, owing to the increasing number of connected devices in trucks. North America held the majority share in 2021 and is expected to continue its dominance until 2027 due to the increasing use of connected car devices in commercial vehicles and the rising digitization of various services in cybersecurity and fleet management. The Asia Pacific connected trucks market is projected to grow at the highest rate due to the expanding information and communication technology infrastructure. Denso Corp., Bosch Ltd, Continental AG, Harman International Industries Limited, Magna International, Inc., TomTom NV, Sierra Wireless Inc, ZF Friedrichshafen AG, NXP Semiconductors N.V., and Verizon Communications Inc. are some of the leading players in the global connected trucks market. Browse full report - https://www.techsciresearch.com/report/global-connected-trucks-market/1455.html Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe. TechSci Research calculated the market size of global connected trucks market using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research. Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Download Free Sample - https://www.techsciresearch.com/sample-report.aspx?cid=1455 Report Scope: In this report, global connected trucks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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