Connected Truck Market
PUBLISHED: 2022 ID: SMRC22006
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Connected Truck Market

Connected Truck Market Forecasts to 2028 - Global Analysis By Vehicle Type (Heavy Commercial Vehicles and Light Commercial Vehicles), Range (Dedicated Short-range Communication (DSRC) and Long-range (Telematics Control Unit)), Communication (Vehicle to Infrastructure (V2I), Vehicle to Cloud (V2C) and Vehicle to Vehicle (V2V)), Component Type (Hardware and Software), Services and By Geography

4.7 (18 reviews)
4.7 (18 reviews)
Published: 2022 ID: SMRC22006

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $24.91 BN

Projected Year Value (2028)

US $70.76 BN

CAGR (2022 - 2028)

19.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Connected Truck Market is accounted for $24.91 billion in 2022 and is expected to reach $70.76 billion by 2028 growing at a CAGR of 19.0% during the forecast period. A connected truck is outfitted with numerous sensors and contemporary technologies, like a fleet management system (FMS) and an advanced driver assist system (ADAS), which display vehicle upgrades, driver-support systems, fuel management, and other information on the screen. Connectivity improves fleet management and cuts down on vehicle downtime.

According to the European Union Manufacturers Association, registrations of light commercial vehicles with connected technology increased by 8.2% in the region. Similarly, the manufacture of these vehicles is expanding throughout North America. According to Toyota research, V2V technology can minimize accidents by 70% to 80%. Furthermore, this technology significantly influences traffic congestion and carbon emissions.



Market Dynamics:

Driver:

Increasing in demand for technologically advanced systems

The market for connected vehicles is being propelled by a rise in demand for technologically advanced systems in large trucks. The components of the smart truck that safeguard the safety of drivers, pedestrians, and other vehicles include the lane keeping assist system (LKAS), blind spot detection (BSD), lane departure warning (LDW), and emergency brake assist (EBA). As a result, there is an increase in demand for these trucks.

Restraint:

Limited network infrastructure to hamper the market's growth

A lack of network infrastructure is a major stumbling block to the market's growth. While growing, prices are the primary disadvantage of this industry, they negatively influence its growth. Moreover, other factors such as expensive installation costs and complicated setup have hampered the connected truck market growth.

Opportunity:

Government mandates and increasing industry compliance norms

Most of the countries has set up government mandates and rising industry compliance standards for vehicle safety and security which are growing opportunities for the connected truck market's expansion. Connected trucks automatically update routes and offer real-time information about traffic and accidents. In addition, connected trucks are safer because to interaction aid, hazard alert, and automated parking advice. Advanced driver assistance systems and the availability of routine vehicle data updates can increase fleet efficiency, streamline deliveries, minimize vehicle downtime, and save fuel costs. Hence, as these technologies offer the market-beneficial new and novel features like platooning, preventative maintenance, and accident avoidance it leads to the market expansion.

Threat:

Risk of cyber attacks

Cybersecurity concerns are one of the biggest issues facing the connected truck business since connectivity makes these vehicles vulnerable to hackers. Cyber attacks on fleet services may result from the connected trucks' shared communication protocol. Large volumes of telemetry data that can be hijacked power truck connectivity. For the connected truck sector, maintaining proper safety and security in connectivity continues to be a big concern.

Covid-19 Impact

The market for connected trucks has been significantly impacted by the COVID-19 outbreak. The production and sale of new vehicles, including these kinds of trucks, have been stopped due to global shutdown bans. Manufacturing lags resulted from the lack of raw materials required to produce various car parts as a result of supply chain interruptions. The outcome has been a sharp drop in the manufacturing sector of the economy. Due to an increasing global trend toward cleaner mobility, the industry does, however, expect a revenue rebound following the COVID-19 epidemic.

The light commercial vehicles segment is expected to be the largest during the forecast period

The light commercial vehicles segment is estimated to have a lucrative growth, due to increased demand for these vehicles in developing markets. End-user demand for safety and comfort features has increased concurrently with an increase in the manufacturing of light commercial vehicles. Additionally, developing countries like China and India have experienced rapid economic development, which has increased demand for commercial cars equipped with connected devices to enhance fleet safety and reduce operating costs.

The Vehicle-to-vehicle (V2V) segment is expected to have the highest CAGR during the forecast period

The Vehicle-to-vehicle (V2V) segment is anticipated to witness the fastest CAGR growth during the forecast period, as these technologies enable vehicles to create wireless networks spontaneously on the go while transferring data over ad-hoc mesh networks. Each vehicle communicates information regarding traffic and road conditions, position and speed, route direction, vehicle stability, and braking loss via V2V communication. Numerous businesses, like as Tesla, Toyota, and others, have made large investments in the study and advancement of vehicle communication technology. This technique will also lessen traffic congestion and carbon dioxide emissions.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the early adoption of this technology and increasing investments of the development of such technologically advanced technologies. Furthermore, this market's growth is positively impacted by the automotive sector's growth rate as well as the high rate of IoT adoption in this sector. Additionally, rising safety consciousness, government initiatives in the form of safety legislation for raising the level of safety, and the presence of significant market competitors are propelling this industry's expansion.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increasing awareness about the benefits of smart type of trucks, including real-time tracking, road safety, and others. Additionally, the developed industrial sector in APAC is boosting the demand for logistics and transportation services, which is predicted to propel market expansion in the years to come.



Key players in the market

Some of the key players profiled in the Connected Truck Market include Aptiv Global Operations Limited, Continental AG, Denso Corporation, Daimler AG, Delphi Technologies, Denso Corporation, HARMAN International, Robert Bosch GmbH, Magna International Inc., Mercedes-Benz Group AG, Sierra Wireless, Volvo AB, ZF Friedrichshafen AG

Key Developments:

In April 2022, ZF announced that is investigating the commercial and heavy vehicle connectivity products market in Brazil. The company intends to soon introduce ZF-branded connectivity-related products to the region.

In March 2022, MAN Truck & Bus, Knorr-Bremse AG, Leoni AG, and Bosch announced a partnership to participate in ATLAS-L4 (Automated Transport between Logistics centers on highways, Level 4) research and development project. The project aims at the operation of autonomous trucks on public motorways and highways, contributing toward lessening congestion and accidents, reducing fuel consumption and CO2 emissions, increasing the flexibility of vehicle use, and demonstrating concepts to counter the driver shortage.

In January 2022, Aptiv PLC introduced a next-generation advanced driver-assistance system (ADAS) for autonomous and electric vehicles. This will aid in reducing the cost of software-driven vehicles due to Aptiv's scalable architecture.

In September 2021, Volvo Autonomous Solutions and Aurora revealed their jointly developed on-highway autonomous truck USA prototype truck, long-haul VNL model, integrated with Aurora Driver technology. Volvo is considered an important step to launch fully connected commercially and autonomous class 8 trucks in North America.

In June 2021, ZF Friedrichshafen AG and Goodyear formed a strategic partnership to develop a one-stop fleet management solution. Z.F.'s advanced Transics-branded Fleet Management Solutions are combined with Goodyear's high-performance tire portfolio and mobility solutions. They empower European fleets and trailer manufacturers with the tools they need to comply with the forthcoming E.U. General Safety Regulations. Vehicle safety and uptime, cargo security, and operating efficiency are improved.

In July 2020, Volvo Eicher Commercial Vehicles Ltd (VECV) announced the launch of its connected vehicle fleet management solution, Eicher LIVE for its BS 6 trucks and buses.

Vehicle Types Covered:
• Heavy Commercial Vehicles
• Light Commercial Vehicles

Ranges Covered:
• Dedicated Short-range Communication (DSRC)
• Long-range (Telematics Control Unit)

Communications Covered:
• Vehicle to Infrastructure (V2I)
• Vehicle to Cloud (V2C)
• Vehicle to Vehicle (V2V)

Components Covered:
• Hardware
• Software

Services Covered:
• Fleet Management Service
• Maintenance Service

Applications Covered:
• Driver Assistance
•Entertainment
•Vehicle Management
•Safety
•Well being
•Mobility Management

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Connected Truck Market, By Vehicle Type
5.1 Introduction
5.2 Heavy Commercial Vehicles
5.3 Light Commercial Vehicles

6 Global Connected Truck Market, By Range
6.1 Introduction
6.2 Dedicated Short-Range Communication (DSRC)
6.2.1 Blind Spot Warning (BSW)
6.2.2 Adaptive Cruise Control (ACC)
6.2.3 Lane Departure Warning (LDW)
6.2.4 Forward Collision Warning (FCW)
6.2.5 Emergency Brake Assist (EBA)
6.2.6 Park Assist System (PAS)
6.3 Long-range (Telematics Control Unit)

7 Global Connected Truck Market, By Communication
7.1 Introduction
7.2 Vehicle to Infrastructure (V2I)
7.3 Vehicle to Cloud (V2C)
7.4 Vehicle to Vehicle (V2V)

8 Global Connected Truck Market, By Component Type
8.1 Introduction
8.2 Hardware
8.2.1 Radar & Lidar Sensors
8.2.2 Microcontrollers
8.3 Software

9 Global Connected Truck Market, By Services
9.1 Introduction
9.2 Fleet Management Service
9.2.1 Tracking & Monitoring
9.2.2 Fleet Analytics
9.2.3 Driver Information System
9.2.4 Remote Diagnostics
9.2.5 Fuel Management System
9.3 Maintenance Service

10 Global Connected Truck Market, By Application
10.1 Introduction
10.2 Driver Assistance
10.3 Entertainment
10.4 Vehicle Management
10.5 Safety
10.6 Well Being
10.7 Mobility Management

11 Global Connected Truck Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Aptiv Global Operations Limited
13.2 Continental AG
13.3 Denso Corporation
13.4 Daimler AG
13.5 Delphi Technologies
13.6 Denso Corporation
13.7 HARMAN International
13.8 Robert Bosch GmbH
13.9 Magna International Inc.
13.10 Mercedes-Benz Group AG
13.11 Sierra Wireless
13.12 Volvo AB
13.13 ZF Friedrichshafen AG

List of Tables
1 Global Connected Truck Market Outlook, By Region (2020-2028) ($MN)
2 Global Connected Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
3 Global Connected Truck Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
4 Global Connected Truck Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
5 Global Connected Truck Market Outlook, By Range (2020-2028) ($MN)
6 Global Connected Truck Market Outlook, By Dedicated Short-Range Communication (DSRC) (2020-2028) ($MN)
7 Global Connected Truck Market Outlook, By Blind Spot Warning (BSW) (2020-2028) ($MN)
8 Global Connected Truck Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
9 Global Connected Truck Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN)
10 Global Connected Truck Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
11 Global Connected Truck Market Outlook, By Emergency Brake Assist (EBA) (2020-2028) ($MN)
12 Global Connected Truck Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)
13 Global Connected Truck Market Outlook, By Long-range (Telematics Control Unit) (2020-2028) ($MN)
14 Global Connected Truck Market Outlook, By Communication (2020-2028) ($MN)
15 Global Connected Truck Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
16 Global Connected Truck Market Outlook, By Vehicle to Cloud (V2C) (2020-2028) ($MN)
17 Global Connected Truck Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
18 Global Connected Truck Market Outlook, By Component Type (2020-2028) ($MN)
19 Global Connected Truck Market Outlook, By Hardware (2020-2028) ($MN)
20 Global Connected Truck Market Outlook, By Radar & Lidar Sensors (2020-2028) ($MN)
21 Global Connected Truck Market Outlook, By Microcontrollers (2020-2028) ($MN)
22 Global Connected Truck Market Outlook, By Software (2020-2028) ($MN)
23 Global Connected Truck Market Outlook, By Services (2020-2028) ($MN)
24 Global Connected Truck Market Outlook, By Fleet Management Service (2020-2028) ($MN)
25 Global Connected Truck Market Outlook, By Tracking & Monitoring (2020-2028) ($MN)
26 Global Connected Truck Market Outlook, By Fleet Analytics (2020-2028) ($MN)
27 Global Connected Truck Market Outlook, By Driver Information System (2020-2028) ($MN)
28 Global Connected Truck Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
29 Global Connected Truck Market Outlook, By Fuel Management System (2020-2028) ($MN)
30 Global Connected Truck Market Outlook, By Maintenance Service (2020-2028) ($MN)
31 Global Connected Truck Market Outlook, By Application (2020-2028) ($MN)
32 Global Connected Truck Market Outlook, By Driver Assistance (2020-2028) ($MN)
33 Global Connected Truck Market Outlook, By Entertainment (2020-2028) ($MN)
34 Global Connected Truck Market Outlook, By Vehicle Management (2020-2028) ($MN)
35 Global Connected Truck Market Outlook, By Safety (2020-2028) ($MN)
36 Global Connected Truck Market Outlook, By Well Being (2020-2028) ($MN)
37 Global Connected Truck Market Outlook, By Mobility Management (2020-2028) ($MN)
38 North America Connected Truck Market Outlook, By Country (2020-2028) ($MN)
39 North America Connected Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
40 North America Connected Truck Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
41 North America Connected Truck Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
42 North America Connected Truck Market Outlook, By Range (2020-2028) ($MN)
43 North America Connected Truck Market Outlook, By Dedicated Short-Range Communication (DSRC) (2020-2028) ($MN)
44 North America Connected Truck Market Outlook, By Blind Spot Warning (BSW) (2020-2028) ($MN)
45 North America Connected Truck Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
46 North America Connected Truck Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN)
47 North America Connected Truck Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
48 North America Connected Truck Market Outlook, By Emergency Brake Assist (EBA) (2020-2028) ($MN)
49 North America Connected Truck Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)
50 North America Connected Truck Market Outlook, By Long-range (Telematics Control Unit) (2020-2028) ($MN)
51 North America Connected Truck Market Outlook, By Communication (2020-2028) ($MN)
52 North America Connected Truck Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
53 North America Connected Truck Market Outlook, By Vehicle to Cloud (V2C) (2020-2028) ($MN)
54 North America Connected Truck Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
55 North America Connected Truck Market Outlook, By Component Type (2020-2028) ($MN)
56 North America Connected Truck Market Outlook, By Hardware (2020-2028) ($MN)
57 North America Connected Truck Market Outlook, By Radar & Lidar Sensors (2020-2028) ($MN)
58 North America Connected Truck Market Outlook, By Microcontrollers (2020-2028) ($MN)
59 North America Connected Truck Market Outlook, By Software (2020-2028) ($MN)
60 North America Connected Truck Market Outlook, By Services (2020-2028) ($MN)
61 North America Connected Truck Market Outlook, By Fleet Management Service (2020-2028) ($MN)
62 North America Connected Truck Market Outlook, By Tracking & Monitoring (2020-2028) ($MN)
63 North America Connected Truck Market Outlook, By Fleet Analytics (2020-2028) ($MN)
64 North America Connected Truck Market Outlook, By Driver Information System (2020-2028) ($MN)
65 North America Connected Truck Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
66 North America Connected Truck Market Outlook, By Fuel Management System (2020-2028) ($MN)
67 North America Connected Truck Market Outlook, By Maintenance Service (2020-2028) ($MN)
68 North America Connected Truck Market Outlook, By Application (2020-2028) ($MN)
69 North America Connected Truck Market Outlook, By Driver Assistance (2020-2028) ($MN)
70 North America Connected Truck Market Outlook, By Entertainment (2020-2028) ($MN)
71 North America Connected Truck Market Outlook, By Vehicle Management (2020-2028) ($MN)
72 North America Connected Truck Market Outlook, By Safety (2020-2028) ($MN)
73 North America Connected Truck Market Outlook, By Well Being (2020-2028) ($MN)
74 North America Connected Truck Market Outlook, By Mobility Management (2020-2028) ($MN)
75 Europe Connected Truck Market Outlook, By Country (2020-2028) ($MN)
76 Europe Connected Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
77 Europe Connected Truck Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
78 Europe Connected Truck Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
79 Europe Connected Truck Market Outlook, By Range (2020-2028) ($MN)
80 Europe Connected Truck Market Outlook, By Dedicated Short-Range Communication (DSRC) (2020-2028) ($MN)
81 Europe Connected Truck Market Outlook, By Blind Spot Warning (BSW) (2020-2028) ($MN)
82 Europe Connected Truck Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
83 Europe Connected Truck Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN)
84 Europe Connected Truck Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
85 Europe Connected Truck Market Outlook, By Emergency Brake Assist (EBA) (2020-2028) ($MN)
86 Europe Connected Truck Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)
87 Europe Connected Truck Market Outlook, By Long-range (Telematics Control Unit) (2020-2028) ($MN)
88 Europe Connected Truck Market Outlook, By Communication (2020-2028) ($MN)
89 Europe Connected Truck Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
90 Europe Connected Truck Market Outlook, By Vehicle to Cloud (V2C) (2020-2028) ($MN)
91 Europe Connected Truck Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
92 Europe Connected Truck Market Outlook, By Component Type (2020-2028) ($MN)
93 Europe Connected Truck Market Outlook, By Hardware (2020-2028) ($MN)
94 Europe Connected Truck Market Outlook, By Radar & Lidar Sensors (2020-2028) ($MN)
95 Europe Connected Truck Market Outlook, By Microcontrollers (2020-2028) ($MN)
96 Europe Connected Truck Market Outlook, By Software (2020-2028) ($MN)
97 Europe Connected Truck Market Outlook, By Services (2020-2028) ($MN)
98 Europe Connected Truck Market Outlook, By Fleet Management Service (2020-2028) ($MN)
99 Europe Connected Truck Market Outlook, By Tracking & Monitoring (2020-2028) ($MN)
100 Europe Connected Truck Market Outlook, By Fleet Analytics (2020-2028) ($MN)
101 Europe Connected Truck Market Outlook, By Driver Information System (2020-2028) ($MN)
102 Europe Connected Truck Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
103 Europe Connected Truck Market Outlook, By Fuel Management System (2020-2028) ($MN)
104 Europe Connected Truck Market Outlook, By Maintenance Service (2020-2028) ($MN)
105 Europe Connected Truck Market Outlook, By Application (2020-2028) ($MN)
106 Europe Connected Truck Market Outlook, By Driver Assistance (2020-2028) ($MN)
107 Europe Connected Truck Market Outlook, By Entertainment (2020-2028) ($MN)
108 Europe Connected Truck Market Outlook, By Vehicle Management (2020-2028) ($MN)
109 Europe Connected Truck Market Outlook, By Safety (2020-2028) ($MN)
110 Europe Connected Truck Market Outlook, By Well Being (2020-2028) ($MN)
111 Europe Connected Truck Market Outlook, By Mobility Management (2020-2028) ($MN)
112 Asia Pacific Connected Truck Market Outlook, By Country (2020-2028) ($MN)
113 Asia Pacific Connected Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
114 Asia Pacific Connected Truck Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
115 Asia Pacific Connected Truck Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
116 Asia Pacific Connected Truck Market Outlook, By Range (2020-2028) ($MN)
117 Asia Pacific Connected Truck Market Outlook, By Dedicated Short-Range Communication (DSRC) (2020-2028) ($MN)
118 Asia Pacific Connected Truck Market Outlook, By Blind Spot Warning (BSW) (2020-2028) ($MN)
119 Asia Pacific Connected Truck Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
120 Asia Pacific Connected Truck Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN)
121 Asia Pacific Connected Truck Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
122 Asia Pacific Connected Truck Market Outlook, By Emergency Brake Assist (EBA) (2020-2028) ($MN)
123 Asia Pacific Connected Truck Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)
124 Asia Pacific Connected Truck Market Outlook, By Long-range (Telematics Control Unit) (2020-2028) ($MN)
125 Asia Pacific Connected Truck Market Outlook, By Communication (2020-2028) ($MN)
126 Asia Pacific Connected Truck Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
127 Asia Pacific Connected Truck Market Outlook, By Vehicle to Cloud (V2C) (2020-2028) ($MN)
128 Asia Pacific Connected Truck Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
129 Asia Pacific Connected Truck Market Outlook, By Component Type (2020-2028) ($MN)
130 Asia Pacific Connected Truck Market Outlook, By Hardware (2020-2028) ($MN)
131 Asia Pacific Connected Truck Market Outlook, By Radar & Lidar Sensors (2020-2028) ($MN)
132 Asia Pacific Connected Truck Market Outlook, By Microcontrollers (2020-2028) ($MN)
133 Asia Pacific Connected Truck Market Outlook, By Software (2020-2028) ($MN)
134 Asia Pacific Connected Truck Market Outlook, By Services (2020-2028) ($MN)
135 Asia Pacific Connected Truck Market Outlook, By Fleet Management Service (2020-2028) ($MN)
136 Asia Pacific Connected Truck Market Outlook, By Tracking & Monitoring (2020-2028) ($MN)
137 Asia Pacific Connected Truck Market Outlook, By Fleet Analytics (2020-2028) ($MN)
138 Asia Pacific Connected Truck Market Outlook, By Driver Information System (2020-2028) ($MN)
139 Asia Pacific Connected Truck Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
140 Asia Pacific Connected Truck Market Outlook, By Fuel Management System (2020-2028) ($MN)
141 Asia Pacific Connected Truck Market Outlook, By Maintenance Service (2020-2028) ($MN)
142 Asia Pacific Connected Truck Market Outlook, By Application (2020-2028) ($MN)
143 Asia Pacific Connected Truck Market Outlook, By Driver Assistance (2020-2028) ($MN)
144 Asia Pacific Connected Truck Market Outlook, By Entertainment (2020-2028) ($MN)
145 Asia Pacific Connected Truck Market Outlook, By Vehicle Management (2020-2028) ($MN)
146 Asia Pacific Connected Truck Market Outlook, By Safety (2020-2028) ($MN)
147 Asia Pacific Connected Truck Market Outlook, By Well Being (2020-2028) ($MN)
148 Asia Pacific Connected Truck Market Outlook, By Mobility Management (2020-2028) ($MN)
149 South America Connected Truck Market Outlook, By Country (2020-2028) ($MN)
150 South America Connected Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
151 South America Connected Truck Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
152 South America Connected Truck Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
153 South America Connected Truck Market Outlook, By Range (2020-2028) ($MN)
154 South America Connected Truck Market Outlook, By Dedicated Short-Range Communication (DSRC) (2020-2028) ($MN)
155 South America Connected Truck Market Outlook, By Blind Spot Warning (BSW) (2020-2028) ($MN)
156 South America Connected Truck Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
157 South America Connected Truck Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN)
158 South America Connected Truck Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
159 South America Connected Truck Market Outlook, By Emergency Brake Assist (EBA) (2020-2028) ($MN)
160 South America Connected Truck Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)
161 South America Connected Truck Market Outlook, By Long-range (Telematics Control Unit) (2020-2028) ($MN)
162 South America Connected Truck Market Outlook, By Communication (2020-2028) ($MN)
163 South America Connected Truck Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
164 South America Connected Truck Market Outlook, By Vehicle to Cloud (V2C) (2020-2028) ($MN)
165 South America Connected Truck Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
166 South America Connected Truck Market Outlook, By Component Type (2020-2028) ($MN)
167 South America Connected Truck Market Outlook, By Hardware (2020-2028) ($MN)
168 South America Connected Truck Market Outlook, By Radar & Lidar Sensors (2020-2028) ($MN)
169 South America Connected Truck Market Outlook, By Microcontrollers (2020-2028) ($MN)
170 South America Connected Truck Market Outlook, By Software (2020-2028) ($MN)
171 South America Connected Truck Market Outlook, By Services (2020-2028) ($MN)
172 South America Connected Truck Market Outlook, By Fleet Management Service (2020-2028) ($MN)
173 South America Connected Truck Market Outlook, By Tracking & Monitoring (2020-2028) ($MN)
174 South America Connected Truck Market Outlook, By Fleet Analytics (2020-2028) ($MN)
175 South America Connected Truck Market Outlook, By Driver Information System (2020-2028) ($MN)
176 South America Connected Truck Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
177 South America Connected Truck Market Outlook, By Fuel Management System (2020-2028) ($MN)
178 South America Connected Truck Market Outlook, By Maintenance Service (2020-2028) ($MN)
179 South America Connected Truck Market Outlook, By Application (2020-2028) ($MN)
180 South America Connected Truck Market Outlook, By Driver Assistance (2020-2028) ($MN)
181 South America Connected Truck Market Outlook, By Entertainment (2020-2028) ($MN)
182 South America Connected Truck Market Outlook, By Vehicle Management (2020-2028) ($MN)
183 South America Connected Truck Market Outlook, By Safety (2020-2028) ($MN)
184 South America Connected Truck Market Outlook, By Well Being (2020-2028) ($MN)
185 South America Connected Truck Market Outlook, By Mobility Management (2020-2028) ($MN)
186 Middle East & Africa Connected Truck Market Outlook, By Country (2020-2028) ($MN)
187 Middle East & Africa Connected Truck Market Outlook, By Vehicle Type (2020-2028) ($MN)
188 Middle East & Africa Connected Truck Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
189 Middle East & Africa Connected Truck Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
190 Middle East & Africa Connected Truck Market Outlook, By Range (2020-2028) ($MN)
191 Middle East & Africa Connected Truck Market Outlook, By Dedicated Short-Range Communication (DSRC) (2020-2028) ($MN)
192 Middle East & Africa Connected Truck Market Outlook, By Blind Spot Warning (BSW) (2020-2028) ($MN)
193 Middle East & Africa Connected Truck Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
194 Middle East & Africa Connected Truck Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN)
195 Middle East & Africa Connected Truck Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
196 Middle East & Africa Connected Truck Market Outlook, By Emergency Brake Assist (EBA) (2020-2028) ($MN)
197 Middle East & Africa Connected Truck Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)
198 Middle East & Africa Connected Truck Market Outlook, By Long-range (Telematics Control Unit) (2020-2028) ($MN)
199 Middle East & Africa Connected Truck Market Outlook, By Communication (2020-2028) ($MN)
200 Middle East & Africa Connected Truck Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
201 Middle East & Africa Connected Truck Market Outlook, By Vehicle to Cloud (V2C) (2020-2028) ($MN)
202 Middle East & Africa Connected Truck Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
203 Middle East & Africa Connected Truck Market Outlook, By Component Type (2020-2028) ($MN)
204 Middle East & Africa Connected Truck Market Outlook, By Hardware (2020-2028) ($MN)
205 Middle East & Africa Connected Truck Market Outlook, By Radar & Lidar Sensors (2020-2028) ($MN)
206 Middle East & Africa Connected Truck Market Outlook, By Microcontrollers (2020-2028) ($MN)
207 Middle East & Africa Connected Truck Market Outlook, By Software (2020-2028) ($MN)
208 Middle East & Africa Connected Truck Market Outlook, By Services (2020-2028) ($MN)
209 Middle East & Africa Connected Truck Market Outlook, By Fleet Management Service (2020-2028) ($MN)
210 Middle East & Africa Connected Truck Market Outlook, By Tracking & Monitoring (2020-2028) ($MN)
211 Middle East & Africa Connected Truck Market Outlook, By Fleet Analytics (2020-2028) ($MN)
212 Middle East & Africa Connected Truck Market Outlook, By Driver Information System (2020-2028) ($MN)
213 Middle East & Africa Connected Truck Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
214 Middle East & Africa Connected Truck Market Outlook, By Fuel Management System (2020-2028) ($MN)
215 Middle East & Africa Connected Truck Market Outlook, By Maintenance Service (2020-2028) ($MN)
216 Middle East & Africa Connected Truck Market Outlook, By Application (2020-2028) ($MN)
217 Middle East & Africa Connected Truck Market Outlook, By Driver Assistance (2020-2028) ($MN)
218 Middle East & Africa Connected Truck Market Outlook, By Entertainment (2020-2028) ($MN)
219 Middle East & Africa Connected Truck Market Outlook, By Vehicle Management (2020-2028) ($MN)
220 Middle East & Africa Connected Truck Market Outlook, By Safety (2020-2028) ($MN)
221 Middle East & Africa Connected Truck Market Outlook, By Well Being (2020-2028) ($MN)
222 Middle East & Africa Connected Truck Market Outlook, By Mobility Management (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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