Connected Truck Market by Range (DSRC and Cellular), Service (Fleet Management and Cybersecurity & Updates), Component (Hardware and Software), Communication (V2V, V2I, and V2C), Vehicle (LCV and HCV), and Region - Global Forecast to 2022

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. PDF Brochure :

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. The connected truck market is dominated by a few globally established players such as Bosch (Germany), Continental (Germany), and ZF Friedrichshafen AG (Germany). Request for Customization :

The vehicle-to-cloud (V2C) communication is estimated to account for the largest share of the global connected truck market for automotive, by communication, in Vehicle-to-vehicle (V2V) communication is estimated to be the second largest segment of the connected truck market, followed by vehicle-to- infrastructure (V2I). The others segment includes user interface programs and applications. The connected truck market for V2V segment is projected to grow at the highest CAGR during the forecast period due to increasing number of connected devices in trucks. Various automotive OEMs, especially in North America and Europe, are offering connected devices for short-range communication in their vehicles. OEMs such as General Motors (US), Daimler (Germany), Volvo (Sweden), and Volkswagen AG (Germany) provide connected devices in their commercial vehicle models. Request

North America: Largest market for Connected Truck North America is projected to be the largest connected truck market from 2017 to 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. Speak to

Market Ecosystem: The ecosystem of the connected truck market consists of manufacturers such as Continental (Germany), Delphi (UK), Bosch (Germany), and Denso Corporation (Japan), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Buy Now:

Browse >> 54 market data tables 50 figures 145 pages and in-depth TOC "Connected Truck Market by Range (DSRC and Cellular), Service (Fleet Management and Cybersecurity & Updates), Component (Hardware and Software), Communication (V2V, V2I, and V2C), Vehicle (LCV and HCV), and Region - Global Forecast to 2022“ Early buyers will receive 10% customization on this report. 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.

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