The Connected Truck Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Connected Truck Market?
The market size of the connected truck sector has seen significant expansion in the past few years. The market value escalated from $34.6 billion in 2024 and is projected to reach $40.13 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Connected Truck Industry?
The Connected Truck Global Market is forecasted to reach $74.47 billion by 2029, with a compound annual growth rate (CAGR) of 16.7%.
Download Your Free Sample of the 2025 Connected Truck Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Connected Truck Market?
The key drivers in the connected truck market are:
• Rise in autonomous and semi autonomous driving technologies
• Adoption of predictive maintenance solutions
• Implementation of smart city initiatives
• Heightened focus on environmental sustainability goals and data monetization opportunities
Global Market Segmentation: Identifying Major Connected Truck Industry Segments
The connected truck market covered in this report is segmented –
1) By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles
2) By Range: Dedicated Short Range, Long Range Or Cellular Network
3) By Communication Type: Vehicle to Vehicle (V2V), Vehicle to Cloud (V2C), Vehicle to Infrastructure (V2I)
4) By Application: Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, Mobility Management
Pre-order the 2025 Connected Truck Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Connected Truck Market?
The key trends in the connected truck market are:
• The adoption of autonomous and semi-autonomous driving technologies is becoming a prominent trend.
• There's a growing trend towards predictive maintenance solutions and enhanced fleet management.
• The integration of IoT sensors in connected trucks is an emerging trend.
• eco-friendly solutions and driver assistance systems are also shaping the future of the connected truck market.
Who Are the Top Competitors & Leading Players in the Connected Truck Market?
The major players in the connected truck market are:
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• ZF Friedrichshafen AG
• Magna International Inc
Regional Dominance: Which Area Leads the Global Connected Truck Market?
North America was the largest region in the connected truck market in 2024
