Global Connected Truck
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The base year for the analysis is 2025. Historical data has been considered for the period from 2022 to 2025. The year 2026 is considered as the estimated base for forecasting, with projections covering the period from 2026 to 2034. When we deliver the report that time we updated report data till the purchase date.
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| Data Timeline | Historical Data: 2022-2025 | Base Year: 2025 | Forecast Period: 2026-2034 |
|---|---|
| Type Segment Analysis | Vehicle to Vehicle (V2V) communication, Vehicle to Cloud (V2C) communication, Vehicle to Infrastructure (V2I) communication |
| Vehicle Segment Analysis | Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV) |
| Range Segment Analysis | Dedicated Short Range Communication (DSRC), Long Range |
|---|---|
| Regions & Countries Analysis |
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| Market Size | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|---|---|---|---|
| Global Market Size | xxxx | xxxx | xxxx | xxxx |
| Country Market Size | xxxx | xxxx | xxxx | xxxx |
| North Americ Market Size | xxxx | xxxx | xxxx | xxxx |
| Europe Market Size | xxxx | xxxx | xxxx | xxxx |
| Asia Pacific Market Size | xxxx | xxxx | xxxx | xxxx |
| South America Market Size | xxxx | xxxx | xxxx | xxxx |
| Middle East Market Size | xxxx | xxxx | xxxx | xxxx |
| Africa Market Size | xxxx | xxxx | xxxx | xxxx |
Connected Truck Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A connected truck has a number of sensors and modern technology installed, including an advanced driver-assist system (ADAS) and fleet management system (FMS), which show information on the screen about fuel management, vehicle enhancements, and driver-assistance systems. The market for Connected Trucks is propelled by the automotive industry's shift towards Intelligent Transportation Connectivity Systems to increase management efficiency and access to diagnostics. Innovations in infrastructure and manufacturing have led to a variety of solutions, catering to diverse consumer preferences and vehicle specifications. The demand for ITCS is further boosted by the aftermarket sector, where enthusiasts seek to customize their vehicles for improved safety and performance.
The rising demand for diagnostics fleet management, aimed at enhancing vehicle connectivity and business operation efficiency, is a significant driver for the Connected Trucks market. Commercial vehicle connectivity systems contribute to the overall fleet's connectivity, thereby improving diagnostics and management.
For instance, US-based Teletrac Navman a SaaS company reported, that Telematics solutions enhance operational effectiveness by providing real-time fleet activity monitoring, enabling quick action and efficient maintenance scheduling. They also provide cost reduction through better driver behavior, efficient routing, and reduced fuel expenditure, allowing fleet firms to focus on other important tasks.
Infrastructural innovations in connectivity systems, such as development in communication and IoT scanner devices and cloud-based structural connectivity, have enabled the ease of access to diagnostics, and stronger mobility of businesses, thereby driving their increased adoption in various vehicle segments.
For instance, ISG Oracle concluded, in their 2021 “orchestrating data in logistics” report, that AI and IT systems are crucial for the effective usage of automated procedures in transportation and logistics management. Blockchain, a fundamental component of transportation management systems, ensures accuracy and safety, while business applications leverage AI, machine learning, and other technologies for intelligent track-and-trace.
The higher production costs associated with the latest communicative devices in the Automotive industry, due to the use of premium materials and more complex manufacturing processes, make them more expensive than primitive satellite & radio-based devices, limiting their adoption among cost-sensitive consumers.
For instance, as per Martin Luther Mfenjou et al. Sustainable Computing: Informatics and Systems, the market for intelligent transportation systems (ITS) faces challenges due to expensive infrastructure, hindering the introduction of innovative solutions. Despite significant investments in R&D projects since the 1980s, the ITS market has not grown as anticipated.
The COVID-19 pandemic's manufacturing halts, lockdowns, and trade restrictions had a detrimental effect on the connected truck market. The decline in car manufacturing and labor shortages also had a big effect on the market. The market will probably rebound in the next years as automakers have reopened for business as a result of consistently increasing car sales in nations where COVID-19 cases are rare. Moreover, the automakers are putting backup plans in place to lessen potential business disruptions and maintain customer relationships in the vital areas of the automotive industry.
For instance, the International Organization of Motor Vehicle Manufacturers (OICA) reported a substantial decline in global vehicle production in 2020, attributing part of this downturn to supply chain disruptions caused by the pandemic. These disruptions had a cascading effect on the latest Commercial Vehicles, delaying the manufacturing and delivery of new vehicles equipped with modern features.
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The competitive landscape of the Connected Trucks market is characterized by the presence of several key players who engage in strategic initiatives such as product innovations, technological advancements, and strategic partnerships to strengthen their market position. Companies invest heavily in research and development to introduce high-performance and advanced systems, catering to both OEM and aftermarket sectors. The market is also marked by collaborations between manufacturers and automotive companies to develop custom solutions for new vehicle models. Quality, brand reputation, and distribution networks play significant roles in maintaining competitiveness in this dynamic market environment.
Fleet Owner reports that fleet managers may access additional operations, efficiency, safety, and location data through new portals that are integrated with OTA, remote diagnostics, and other digital solutions thanks to Volvo Connect and Mack Connect. On trucks manufactured in 2025, OEMs from the Volvo Group will standardize it.
Autocar reports that Eicher increased linked vehicles and buses' uptime by up to 98%. With an 80–82% success rate, the company's assistance may reach the automobiles in 2020 within four hours of notification. Currently, it is only three hours in more than 92% of the cases.
Top Companies Market Share in Connected Truck Industry: (In no particular order of Rank)
| Companies | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Robert Bosch | xxxx | xxxx | xxxx | xxxx |
| Continental | xxxx | xxxx | xxxx | xxxx |
| Denso | xxxx | xxxx | xxxx | xxxx |
| Delphi | xxxx | xxxx | xxxx | xxxx |
| Harman | xxxx | xxxx | xxxx | xxxx |
| ZF | xxxx | xxxx | xxxx | xxxx |
| NXP | xxxx | xxxx | xxxx | xxxx |
| Magna | xxxx | xxxx | xxxx | xxxx |
| Sierra Wireless | xxxx | xxxx | xxxx | xxxx |
| Tomtom | xxxx | xxxx | xxxx | xxxx |
| Trimble | xxxx | xxxx | xxxx | xxxx |
| Verizon | xxxx | xxxx | xxxx | xxxx |
| Following are the major key players | xxxx | xxxx | xxxx | xxxx |
| Robert Bosch | xxxx | xxxx | xxxx | xxxx |
| Continental | xxxx | xxxx | xxxx | xxxx |
| Denso | xxxx | xxxx | xxxx | xxxx |
| Delphi | xxxx | xxxx | xxxx | xxxx |
| Harman | xxxx | xxxx | xxxx | xxxx |
| ZF | xxxx | xxxx | xxxx | xxxx |
| NXP | xxxx | xxxx | xxxx | xxxx |
| Magna | xxxx | xxxx | xxxx | xxxx |
| Sierra Wireless | xxxx | xxxx | xxxx | xxxx |
| Tomtom | xxxx | xxxx | xxxx | xxxx |
| Trimble | xxxx | xxxx | xxxx | xxxx |
| Verizon | xxxx | xxxx | xxxx | xxxx |
*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive)
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Understand the Connected Truck market landscape at a granular level with our detailed geographic analysis. This report segments the market into six primary regions—North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America—and their major contributing countries.
For each region, you will gain insights into revenue share, current trends, and the core factors driving growth, including profit margins, production capacity, and supply-demand dynamics. All data is presented through clear, intuitive visualizations like charts and graphs, providing an in-depth understanding of our conclusions and a clear forecast of the market's future trajectory.
The current report Scope analyzes Connected Truck Market on 6 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Connected Truck Market is witnessing significant growth in the near future.
In 2023, the Vehicle to Vehicle (V2V) communication segment accounted for noticeable share of global Connected Truck Market and is projected to experience significant growth in the near future.
The Light Commercial Vehicle (LCV) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Robert Bosch, Denso and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Research Analyst at Cognitive Market Research
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Sneha Singh is a results-driven Research Analyst specializing in the automobile and transportation industry. She brings strong skills in primary research, secondary research, market assessment, and competitive analysis. Sneha consistently delivers clear, insightful findings that help organizations navigate market changes and make informed decisions. Her keen interest in emerging mobility solutions and sustainable transport drives her commitment to continuous learning and industry excellence.
I am a Research Analyst with over 4+ of experience in market research and consumer insights, supporting strategic decision-making across Consumer Goods, Chemicals, Agro Products and Food & Beverage. My work focuses on helping organisations understand markets in depth, interpret consumer and industry signals, and translate data into commercially relevant actions.
I bring strong expertise in both primary and secondary research, with hands-on experience in market sizing, competitive intelligence, consumer behaviour analysis, and opportunity assessment. Beyond analysis, I play a client-facing role across presales and delivery engagements—working closely with stakeholders to clarify objectives, respond to complex business questions, and ensure insights are directly aligned with strategic priorities
Having partnered with multinational corporations as well as high-growth startups, I contribute across the full research lifecycle from proposal support and study design to insight delivery and strategic discussion. I am particularly valued for my ability to bridge analytical depth with clear storytelling, enabling senior decision-makers to act with confidence.
I thrive in collaborative, fast-paced environments where research informs leadership decisions. My approach is grounded in rigour, curiosity, and practical relevance, with a consistent focus on turning insight into impact.
Global Connected Truck Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Connected Truck Industry growth. Connected Truck market has been segmented with the help of its Type, Vehicle Range, and others. Connected Truck market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, V2V communication held the major market share in the year 2023 due to the demand for the connectivity. For instance, TATA Elxsi has reported that as autonomous driving becomes more commonplace, V2X (V2V) is becoming a necessary component of contemporary automobiles. V2X (V2V) technology facilitates communication between automobiles, infrastructure, and vulnerable road users, among other parties, creating a more effective and secure driving environment.
V2C communication are the fastest-growing category, driven by advancements in IoT, AI and blockchain that improves efficiency and reduces costs. For instance, Dell reports, that the connected vehicle concept facilitates the tracking of the vehicle's usage patterns or fleet operations, the prompt diagnosis of the vehicle's condition (which aids in preventative maintenance), the assessment of insurance claims, and other functions. The vehicle will improve the ownership experience by figuring out the user's habits and making adjustments.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Connected Truck Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the LCV segment dominates the Connected Truck market while accounting for XX% market share in 2023. LCV segment is growing at a considerable XX% CAGR supported by the widespread use of A-GPS and VLT devices in new models. HCV segment experiencing rapid growth in the use of ITC systems, particularly in the logistics and transportation sectors. OEM’s decision to offer FMS as standard in certain models along with mandatory regulations is the major reason for the rapid growth.
For instance, the Ministry of Road Transport India reported, Intelligent Transport Systems (ITS) are systems that have been successfully implemented throughout the world to maximize the use of the current transportation infrastructure and enhance it in terms of quality, comfort, safety, and efficiency. Realizing the potential of ITS, Indian government agencies and other organizations are currently attempting to integrate different ITS components throughout the nation.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, long range connectivity dominates the Connected Trucks market while accounting for XX% market share in 2023. LCV segment is growing at a considerable XX% CAGR, due to the business and management needs. Long range communications in the connected truck sector uses technologies like V2I, V2C and vehicle to network (V2N), in few cases, to facilitate real time connectivity between vehicle and the central system.
DSRC is the fastest growing segment of the Connected Truck Sector due to the suitability for high-speed data movement. It is using the V2V, V2I and the V2C connectivity systems for allowing the highspeed exchange of data. It provides for purposes such as safety-critical applications such as - collision avoidance, lane departure warnings, and traffic signal timing diagnostics to the mainframe; resulting to the mandatory compliance regulated by the government to the automobile & transport industry.
Disclaimer:
| Type | Vehicle to Vehicle (V2V) communication, Vehicle to Cloud (V2C) communication, Vehicle to Infrastructure (V2I) communication |
| Vehicle | Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV) |
| Range | Dedicated Short Range Communication (DSRC), Long Range |
| List of Competitors | Robert Bosch, Continental, Denso, Delphi, Harman, ZF, NXP, Magna, Sierra Wireless, Tomtom, Trimble, Verizon, Following are the major key players, Robert Bosch, Continental, Denso, Delphi, Harman, ZF, NXP, Magna, Sierra Wireless, Tomtom, Trimble, Verizon |
Chapter 1 2026 Geopolitical Outlook - Connected Truck Market Detailed Analysis
This chapter isn't just about technology; it’s about certainty. We show you how AI is being used in leading industries so you can apply those same 'High-Speed' and 'High-Accuracy' principles to your own market strategy
Chapter 2 AI's Impact on Market - Detailed Qualitative Analysis
This chapter will help you gain GLOBAL Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review Global Connected Truck Market Split by various segments and Geographical Split.
Chapter 3 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review North America Connected Truck Market Split by various segments and Country Split.
Chapter 4 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review Europe Connected Truck Market Split by various segments and Country Split.
Chapter 5 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review Asia Pacific Connected Truck Market Split by various segments and Country Split.
Chapter 6 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review South America Connected Truck Market Split by various segments and Country Split.
Chapter 7 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review Middle East Connected Truck Market Split by various segments and Country Split.
Chapter 8 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Connected Truck. Further deep in this chapter, you will be able to review Middle East Connected Truck Market Split by various segments and Country Split.
Chapter 9 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Connected Truck. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 10 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 11 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Type Analysis 2022 - 2034
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Vehicle Analysis 2022 - 2034
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Range Analysis 2022 - 2034
Chapter 15 Connected Truck Price Trend Analysis
Chapter 16 Connected Truck Import/Export Analysis
Chapter 17 Connected Truck Production Analysis
Chapter 18 Gap Analysis
Chapter 19 Strategy Analysis
Chapter 20 Profitability and Gross Margin Analysis
Chapter 21 TAM Analysis
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Connected Truck market
Chapter 22 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 23 Research Methodology and Sources
1 Data Gathering
2 Data Validation
3 Data Presentation
To maintain the integrity of our proprietary methodology and protect our elite expert network, specific source disclosures are reserved for our full-access partners. Our research framework is anchored by a 70:30 primary-to-secondary ratio, ensuring your strategy is driven by real-time market intelligence rather than recycled, publicly available, or AI-generated data. Every deliverable includes an exhaustive source directory and grants your team direct access to our lead analysts for bespoke strategic consultation.