Connected Truck Market
Report ID: SQMIG20G2069
Report ID: SQMIG20G2069
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Report ID:
SQMIG20G2069 |
Region:
Global |
Published Date: June, 2025
Pages:
184
|Tables:
143
|Figures:
70
Global Connected Truck Market size was valued at USD 31.17 Billion in 2024 and is poised to grow from USD 36.81 Billion in 2025 to USD 139.3 Billion by 2033, growing at a CAGR of 18.1% during the forecast period (2026–2033).
Increase in demand for fleet management solutions, advancements in vehicle to everything technology, high demand for predictive maintenance, rise of smart cities, and boom in demand for last mile delivery from e-commerce industry are driving connected truck sales.
Companies are leveraging real-time data from connected trucks to optimize routes, monitor vehicle performance, and reduce fuel costs. Rising e-commerce, last-mile delivery, and expanding logistics industries are fueling the demand for proper fleet management and driving the global connected truck market growth. Connected trucks support the logistics infrastructure required to meet tight delivery windows and customer expectations. The global movement toward smart cities is driving the connected truck market. Smart traffic signals, real-time route updates, and integrated transport systems require trucks to be connected to city infrastructure.
On the contrary, complexity in integration, lack of standardization across platforms, connectivity infrastructure gaps in remote areas, and resistance to technological adoption by drivers and operators are estimated to hamper the demand for connected truck on a global level through 2032 and beyond.
Which Technologies Could Make Connected Trucks Smarter?
Artificial Intelligence (AI), Internet of Things (IoT), and cloud computing are key technologies shaping the connected truck landscape. AI enables smarter decision-making through predictive analytics and automated routing. IoT sensors collect data on vehicle condition, location, and driver behavior, enabling real-time monitoring. Cloud platforms store and process this data efficiently, allowing fleet managers to access insights remotely. These technologies work in tandem to improve safety, reduce costs, and enhance logistics coordination. Their integration also supports over-the-air software updates and remote diagnostics. As digital transformation accelerates across industries, these innovations are pivotal in enhancing the performance and reliability of connected trucks.
Which Startups Can Make Connected Trucks a Norm in the Global Landscape?
As there are many startups working on autonomous vehicle development, they are also focusing on development of connected vehicle technologies. Here are some startups that are expected to change the trajectory of connected truck business in the long run.
Market snapshot - 2026-2033
Global Market Size
USD 26.39 billion
Largest Segment
Light Commercial Vehicles
Fastest Growth
Heavy Commercial Vehicles
Growth Rate
18.1% CAGR
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Global Connected Truck Market is segmented by Communication Type, Range, Vehicle Type, End-Use Industry and region. Based on Communication Type, the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I) and Vehicle-to-Cloud (V2C). Based on Range, the market is segmented into Dedicated Short-Range Communication (DSRC) and Long-Range (Telematics Control Unit). Based on Vehicle Type, the market is segmented into Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV). Based on End-Use Industry, the market is segmented into Logistics & Transportation, Construction, Utilities and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Light commercial vehicles are estimated to account for the highest share of the global connected truck industry in the future. Growing production of light commercial vehicles and their extensive use in last-mile delivery applications are bolstering the dominance of this segment. Increasing demand for safety and comfort in light commercial vehicles is also projected to boost the integration of connected technologies in these vehicles.
Meanwhile, the adoption of connected technologies in heavy commercial vehicles is expected to increase at a robust pace through 2032. Imposition of new safety and comfort norms by regulatory bodies and governments for heavy commercial vehicles are slated to open up new avenues of business. Fleet management application is slated to be highly prominent for heavy commercial vehicles.
The vehicle to vehicle (V2V) segment is predicted to hold the largest global connected truck market share over the coming years. This type of communication allows vehicles to communicate through ad-hoc wireless networks . This communication also allows vehicles to share data regarding vehicle position and speed, route direction, and loss of stability and brakes. Robust investments in R&D of novel V2V technologies are helping it emerge as a dominant segment for all connected truck companies.
On the other hand, the vehicle to cloud (V2C) communication segment is slated to hold the second-largest share in the industry. Rising adoption of novel infotainment and driver assistance systems are slated to help this segment boost revenue generation for market players. Use of telematics in connected trucks is also expected to be dependent on V2C communication.
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Presence of an extensive transportation infrastructure and high adoption of smart trucks with advanced technologies are cementing the dominance of this region. Rising emphasis on improving efficiency and safety in transportation and logistics is also expected to bolster the integration of connected technologies in trucks operating in North America. High availability of internet connectivity also cements the dominance of this region.
Imposition of regulations such as ELD (Electronic Logging Device) rule and the presence of a robust logistics sector make the United States a top market. Surge in investments in the R&D of novel autonomous and smart vehicle technologies and their quick adoption creates new opportunities. High demand for real-time visibility in delivery for e-commerce is also promoting the demand for connected trucks.
Presence of massive trucking fleets and increasing number of fleet operators opting for telematics, GPS, and V2X systems to optimize safety and routes are helping boost connected truck demand. Cross-border trade with the United States also necessitates advanced fleet tracking solutions to comply with North American standards.
Growing awareness regarding benefits of smart technology integration in vehicles is expected to primarily influence sales of connected trucks in this region. Presence of multiple automotive manufacturers and surging demand for road safety are also expected to make this the fastest-expanding market for connected truck companies. Boom in e-commerce activity and rapid expansion of logistics industry are also slated to promote the uptake of connected trucks.
Launch of multiple new smart city initiatives and growing use of intelligence transportation systems are helping China emerge as the top country in Asia Pacific. Rapid urbanization and the expanding e-commerce industry are also driving the sales of connected trucks. Substantial investments in the innovation of novel vehicle to everything technologies are also expected to boost revenue for connected truck companies in China.
Launch of affordable IoT solutions tailored for India’s price-sensitive market by startups and automakers is creating new business scope for connected truck companies. The government’s push for digital logistics through initiatives like FASTag and the National Logistics Policy supports real-time tracking and fleet optimization is also favoring market growth. Demand for better last-mile delivery services can also boost the sales of connected trucks.
Imposition of stringent emission control and road safety mandates are projected to primarily influence the sales of connected trucks in Europe. The presence of expansive road transport networks and massive commercial truck fleets are also creating new opportunities for connected truck companies. Presence of leading logistics companies is also estimated to favor market growth
Increasing emphasis on the development of smart infrastructure and launch of smart city initiatives are promoting the popularity of connected trucks in the United Kingdom. Growing demand for transparent, traceable cross-border transportation after Brexit is also slated to boost revenue generation for market players. Fleet operators are adopting advanced telematics to comply with stringent emissions zones like London’s ULEZ, which can benefit connected truck demand.
Rapid digitization of the logistics industry in Germany is creating an opportune setting for connected truck providers. Connected trucks are a key part of the country’s Industry 4.0 and smart mobility initiatives. With strong OEM backing (e.g., Daimler, MAN), advanced connectivity features are being built into commercial vehicles. All of these factors make Germany a top market for connected trucks in the European region.
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Advancements in Vehicle-to-Everything (V2X) Technology
Increasing Demand for Predictive Maintenance
Lack of Standardization Across Platforms
Resistance to Technological Adoption by Drivers and Operators
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Connected truck providers should focus on e-commerce industry to maximize their sales potential. Creating connected trucks that are completely electric is also a major opportunity for market players. Developed countries are expected to lead adoption of connected vehicle technology as per this global connected truck market analysis.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, increasing demand for fleet management and advancements in V2X technologies are slated to primarily drive the demand for connected truck going forward. However, lack of standardization across platforms and resistance from drivers and operators are expected to slow down the sales of connected trucks in the future. North America is forecasted to emerge as the leading market for connected truck providers owing to high emphasis on improving efficiency and safety of transportation infrastructure. Development of autonomous trucks and integration of 5G and real-time data are slated to be key opportunities for market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 31.17 Billion |
| Market size value in 2033 | USD 139.3 Billion |
| Growth Rate | 18.1% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Connected Truck Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Connected Truck Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Connected Truck Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Connected Truck Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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