The global connected truck market is projected to grow at a CAGR of 15% during 2019 to 2024. The growth of connected truck market is driven by growing demand for vehicle connectivity in logistics and transportation business, development of information and telecommunication infrastructure, and government regulations supporting connected technology in commercial vehicles.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the connected truck
market by range (DSRC, cellular), by component (hardware, software), by communication
(V2V, V2I, and V2C), by service (fleet management, cybersecurity &
updates), by end use (light commercial vehicle, and heavy commercial vehicle),
and by region (North America, Europe, Asia Pacific, and The Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the connected truck market?
Q.4 What are some
changing demands of customers in the connected truck market?
Q.5 What are the new
developments in the connected truck market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this connected truck area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this connected truck market?
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Market Segmentation:
Based on end use, the
connected truck market is segmented into light commercial vehicle, and heavy
commercial vehicle. The light commercial vehicle segment accounted for the
largest share of the market in 2020 and is expected to register the highest
CAGR during the forecast period.
North America will
remain the largest region over the forecast period due to increasing use of
connected devices in commercial vehicles, increasing digitization of various
services in fleet management, and cybersecurity & updates.
Key Players in the
connected truck market are Robert Bosch, Continental, Denso, Delphi, Harman,
ZF, NXP, Magna, Sierra Wireless, Tomtom, Trimble, and Verizon.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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https://www.lucintel.com/connected-truck-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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