Connected Truck Market Report 2026

Connected Truck Market Overview

• Connected Truck market size has reached to $39.83 billion in 2025 • Expected to grow to $85.2 billion in 2030 at a compound annual growth rate (CAGR) of 16.4% • Growth Driver: The Rise In Fuel-Efficiency Standards And Fleet Pressure Fueling The Growth Of The Connected Truck-Market • Market Trend: Volvo Trucks North America Introduces Connected Vehicle Analytics (CVA) Tool In The Connected Truck Market • North America was the largest region in 2025 and Europe is the fastest growing region.

What Is Covered Under Connected Truck Market?

A connected truck is a commercial vehicle equipped with advanced technology known as connected vehicle technology that allows it to communicate with other vehicles, devices, and systems within its environment. It enables vehicles to communicate their locations in real-time with nearby vehicles and infrastructure to trigger an automated response to enhance the driving experience with more safety. The main types of connected trucks are light commercial vehicles and heavy commercial vehicles. Light commercial vehicles (LCVs) refer to a type of commercial vehicle that are generally smaller in size and weight compared to heavy commercial vehicles such as trucks and buses and they are used for commercial purposes such as delivery vehicles, passenger vans, and small business utility vehicles. The ranges provided are dedicated to short-range and long-range or cellular networks to form different communications such as vehicle-to-vehicle (V2V), vehicle-to-cloud (V2C), vehicle-to-infrastructure (V2I). It is used in various applications such as driver assistance, safety, entertainment, well-being, vehicle management, and mobility management.

What Is The Connected Truck Market Growth Forecast?

The connected truck market size is expected to see rapid growth in the next few years. It will grow to $85.2 billion in 2030 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to rise of autonomous trucking technologies, adoption of v2v and v2i communication, demand for connected logistics, expansion of electric trucks, focus on reducing operational downtime. Major trends in the forecast period include vehicle-to-everything communication systems, advanced driver assistance integration, connected fleet management platforms, predictive maintenance for trucks, real-time logistics visibility solutions.

Global Connected Truck Market Segmentation

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, Vehicle Management, Mobility Management Subsegments: 1) By Light Commercial Vehicles: Delivery Vans, Pickup Trucks, Small Cargo Vehicles 2) By Heavy Commercial Vehicles: Trucks, Trailers, Buses

What Is The Driver Of The Connected Truck Market?

The rise in the fuel-efficient average is expected to propel the growth of the connected trucks market going forward. Fuel-efficient vehicles refer to the distance travelled per unit of fuel consumed. The rise in fuel-efficient vehicles is due to consumers seeking lower fuel consumption to reduce operating costs and minimise environmental impact. Connected trucks can be helpful for fuel efficiency by optimising routing and avoiding traffic slowdowns, which can reduce fuel consumption and improve efficiency. For instance, in January 2024, according to the European Automobile Manufacturers’ Association (ACEA), a Brussels-based industry association, new electric truck registrations in 2023 grew by 234.1% to 5,279 units, reflecting the rapid shift towards more fuel-efficient and connected vehicles. Therefore, the rise in efficiency is driving the growth of the connected truck industry.

Key Players In The Global Connected Truck Market

Major companies operating in the connected truck market are Robert Bosch GmbH; Continental AG; Denso Corporation; ZF Friedrichshafen AG; Magna International Inc.; Daimler AG; Harman International; Aptiv Global Operations Limited; Sierra Wireless Inc.; Mercedes-Benz Group AG; Aktiebolaget Volvo; NXP Semiconductors NV; Verizon Communications Inc.; Trimble Inc.; Geotab Inc.; Mix Telematics; TomTom International BV; Traton SE; Tata Motors Ltd.; PACCAR Inc.; DAF Trucks N.V.; WABCO Vehicle Control Systems; Stoneridge Inc.; Navistar International Corporation; Scania AB; Iveco Group NV; AT&T Fleet Complete; KeepTruckin Inc.; Omnitracs LLC

Global Connected Truck Market Trends and Insights

Major companies operating in the connected truck market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Volvo Trucks North America, a US-based truck company, launched the Connected Vehicle Analytics (CVA) tool that gathers actual data from fleet operations, such as current truck configurations, daily routes, average speed, and fuel usage. With the help of the CVA tool, dealers can keep an eye on how fleet clients are using their Volvo vehicles and identify areas where better spicing could increase their efficiency and productivity. Dealers can gain quantitative insights about a customer's fleet's performance and what updates and adjustments can be made to the specifications when investing in new trucks using Volvo Trucks' CVA tool. Data are supplied on a variety of factors that may impact how much fuel a vehicle uses and consumes.

What Are Latest Mergers And Acquisitions In The Connected Truck Market?

In April 2023, Trimble Inc., a US-based technology company, acquired Transporeon GmbH for €1.88 billion (approximately $2 billion). Through this acquisition, Trimble aims to expand its connected transportation ecosystem by integrating Transporeon’s cloud-based transportation management network to enhance real-time visibility, freight matching, and supply chain connectivity across Europe. Transporeon GmbH is a Germany-based software company that provides cloud-based logistics and transportation management solutions for connected trucks and supply chain operations.

Regional Insights

North America was the largest region in the connected truck market in 2025.Europe is expected to be the fastest-growing region in the global connected truck market report during the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Connected Truck Market?

The connected truck market consists of revenues earned by entities by providing remote diagnostics of vehicles, software uptime services, predictive services of trucks, and diagnostic-related advice. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected truck market also includes sales of 3D accelerometers, monitor doors, trunks, hatches, and motion sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Connected Truck Market Report 2026?

The connected truck market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the connected truck industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.