Comprehensive Report on Connected Truck Market Size, Growth, Demand, Opportunities & Forecast To 2022

 The report "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", 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. Industry compliance norms and government mandates supporting connected technology of trucks, coupled with increasing customer satisfaction, drive the connected truck market. Further, the regular vehicle data updates, which are generated by the telematics control unit (TCU) of a truck, are expected to reduce the overall recalling cost for OEMs.

                      

Browse 54 Market Data Tables and 50 Figures spread through 145 Pages and in-depth TOC on "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"

https://www.marketsandmarkets.com/Market-Reports/connected-truck-market-15414377.html
Early buyers will receive 10% customization on reports.

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.

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15414377

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.

Key Market Players:

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

Target Audience

  • 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)

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=15414377

Comments

Post a Comment

Popular posts from this blog

Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025

The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars have driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments...
Read more

Occupant Classification System Market Latest Trends and Forecast Growth Report to 2025

The global Occupant Classification System Market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025. The increasing awareness about safety in a vehicle has increased the demand for active and passive safety systems. As a result, the automotive industry has witnessed the increasing adoption of active and passive safety systems in a vehicle.  Passive safety systems inside the vehicle include airbags, seatbelts, whiplash protection system, and occupant classification system. Occupant protection system features such as airbags and seatbelts reduce the probability of death or severe injuries in a traffic mishap. Airbags in a vehicle have significantly improved the safety of occupants. Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall sa...
Read more

Automotive Actuators Market to Surpass $29.3 Billion by 2030

The Automotive Actuators Market is projected to grow from an estimated USD 20.9 billion in 2023 to reach USD 29.3 billion by 2030 at a CAGR of 4.9% during the forecast period. Automakers are highly focused on developing new and improved components to increase the fuel efficiency of vehicles owing to growing concerns over environmental changes. Automotive actuators play a significant role in reducing emissions and enhancing vehicle efficiency. Electric actuators, also known as smart actuators, replace hydraulic and pneumatic actuators due to their several benefits, like compact and lightweight design, more energy efficient, and less expensive, making it ideal for various applications. Smart actuators can perform diagnostics and include learning capabilities and memory functions. Electric actuators are typically installed in engines that open and close different valves, which is also anticipated to fuel the overall market growth. “Electric Actuators will be the dominating actuation...
Read more