Top Connected Truck Companies

Global Connected Truck Market size was valued at USD 25.7 Billion in 2023 and is poised to grow from USD 30.17 Billion in 2024 to USD 108.88 Billion by 2032, growing at a CAGR of 17.4% during the forecast period (2025-2032).

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. 'Eicher Trucks and Buses', 'Tata Motors', 'Volvo AB (Sweden)', 'Robert Bosch GmbH (Germany)', 'Continental AG (Germany)', 'ZF Friedrichshafen AG (Germany)', 'Daimler AG (Germany)', 'Delphi Technologies (U.K.)', 'Denso Corporation (Japan)', 'HARMAN International (U.S.)', 'Sierra Wireless, Inc. (Canada)', 'Magna International Inc. (Canada)'

Growing investments in the R&D of novel V2X technologies have led to significant advancements in the same. V2X technology enables trucks to communicate with infrastructure, other vehicles, and networks, enhancing road safety and traffic efficiency. V2X helps reduce collisions, optimize fuel usage, and monitor vehicle health in real time. Hence, advancements in V2X technologies play a vital role in promoting sales of connected trucks.

Integration of 5G for Real-Time Data and Edge Computing: 5G empowers connected trucks to interact with traffic lights, road infrastructure, and other vehicles, enhancing safety and operational efficiency. Combined with edge computing, fleets can process data directly on vehicles, minimizing cloud dependency and accelerating decision-making. Logistics firms are rapidly upgrading their telematics to harness 5G’s full potential thereby making it a highly lucrative connected truck market trend for the future.

Why are Connected truck Companies Investing Actively in North America?