Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Connected Truck Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The report highlights the market's expected progression from $30.1 billion in 2023 to an estimated $63.12 billion by 2028, with a robust compound annual growth rate (CAGR) of 15.6%.
Integral to the growth of the connected truck market is the incorporation of innovative telematics systems, rising demand for fuel efficiency, stringent emission norms, and the surge in the need for enhanced safety mechanisms. These compelling factors are steering the connected truck market towards a trajectory of sustained growth and redefining the logistics and transportation industry.
Further emphasis within the report is placed on North America's substantial footprint in the global market. North America's lead position is attributed to the adoption of advanced fleet management solutions and the integration of autonomous driving technologies which are steadily gaining momentum across the region.
The industry report delves into the following critical aspects of the connected truck market:
- Communication Technologies: The study explores how dedicated short-range communications (DSRC) and long-range cellular networks are revolutionizing vehicle-to-vehicle (V2V), vehicle-to-cloud (V2C), and vehicle-to-infrastructure (V2I) interactions.
- Application Analysis: The report elaborates on various applications from driver assistance to vehicle management, covering how connected truck features manifest in real-world transportation scenarios.
- Technological Innovations: An in-depth view is provided on the latest developments, including predictive maintenance and IoT integration, showing how these innovations contribute to efficiency and productivity optimizations.
Key Findings from the Market Research Report:
- The connected truck market is poised for significant growth, steered by technological advancements and data-driven fleet management solutions.
- North America is currently leading the charge with a robust infrastructure supporting the integration of connected truck technology.
- Strategic alliances and partnerships among major industry players are vital in fostering innovation and sustainability in the connected truck market.
A selection of companies mentioned in this report includes
- 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.
- Borgwarner 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
For more information about this report visit https://www.researchandmarkets.com/r/gbfc6j
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