Connected Truck Market Size, Share, Growth, and Industry Analysis by Type (ADAS, Telematics Solution) by Application (Vehicle-to-vehicle (V2V), Vehicle-to-cloud (V2C), Vehicle-to-infrastructure (V2I)), and Regional Insights and Forecast to 2034

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CONNECTED TRUCK MARKET REPORT OVERVIEW

The global connected truck market size was USD 25.22 billion in 2025 and is projected to touch USD 52.99 billion by 2034, exhibiting a CAGR of 8.6% during the 2025–2034 forecast period.

Connected trucks are commercial vehicles furnished with progressive technology. They use sensors, internet connectivity, and data analytics to progress processes. These trucks deliver immediate information on vehicle presentation, care, and routes. They goal to surge efficiency, reduce interruption, and augment logistics managing in transport industries. Connected trucks enable connectivity on wheels offering ease, suitability, performance, safety, and security along with powerful network technology. Additionally, connected trucks are employed with features that deliver immediate status information and control of the automobile to the driver, remotely.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies need to stay updated with varying market trends and develop products that meet rising consumer needs. Companies coming up with advanced technological solutions for firming their positions.  Firms are leveraging immediate data from connected trucks to enhance routes, monitor vehicle presentation, and diminish fuel costs. Mounting e-commerce, last-mile delivery, and expanding logistics industries are fuelling the demand for appropriate fleet management and driving the worldwide connected truck market progress. 

COVID-19 IMPACT

Pandemic Affected The Market Due To Unexpected Disruptions In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a significant negative impact on the market. Supply chain instabilities severely affected the making and delivery of vehicle components, telematics hardware, and semiconductors vital for connected systems. Key truck creators faced temporary factory closures, leading to reduced vehicle sales and deferred technology incorporation. Furthermore, the pandemic caused a substantial deterioration in goods conveyance volumes across industries such as construction, business, and retail, which reduced investments in novel fleet technologies. Furthermore, worldwide financial uncertainty and instable fuel prices further reduced digital transformation initiatives within the logistics segment.

LATEST TRENDS

Use Of Innovative Products To Boost The Market Growth

Technological upgrading and improvement will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological development with high demand is increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant upgrading in manufacturing of products is anticipated to stimulate product demand.

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CONNECTED TRUCK MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into ADAS, Telematics Solution

• ADAS: ADAS embraces technologies that support drivers and progress vehicle safety, such as lane departure cautionary, adaptive cruise control, automatic emergency braking, and blind-spot finding. In connected trucks, ADAS decreases the hazard of accidents, reduces driver fatigue, and certifies compliance with safety guidelines.

• Telematics Solution: Telematics solutions incorporate GPS tracking, vehicle diagnostics, fuel monitoring, path optimization, and projecting maintenance systems. These solutions deliver fleet operators with illegal insights to progress functioning efficiency, lessen costs, and augment client satisfaction. Telematics systems are vital for immediate monitoring, allowing managers to respond quickly to postpone, upkeep needs, or other operative issues.

By Application Analysis

According to application, the market can be segmented into Vehicle-to-vehicle (V2V), Vehicle-to-cloud (V2C), Vehicle-to-infrastructure (V2I)

• Vehicle-to-vehicle (V2V): V2V communication lets trucks to exchange information with other vehicles on the road, including rapidity, place, and braking status. This instant data exchange improvements road safety, decreases the hazard of crashes, and lets coordinated driving in teams or groups.

• Vehicle-to-cloud (V2C): V2C applications encompass the transfer of vehicle data to cloud-based platforms for instant monitoring, analytics, and distant fleet management. This lets predictive upkeep, presentation optimization, fuel efficacy monitoring, and way planning. Fleet workers can access insights through dashboards or mobile applications, letting proactive decision-making.

• Vehicle-to-infrastructure (V2I): V2I communication lets trucks to interrelate with road infrastructure, such as traffic signals, toll systems, and smart highways. This progresses traffic management, way optimization, and fuel efficacy, while dropping congestion and ecological impact. V2I technology also supports urban logistics and smart city initiatives, enhancing wide-ranging supply chain productivity.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Rising Demand For Fleet Management and Operational Efficiency To Boost The Market Growth

Fleet operators face constant problem to lessen fuel consumption, diminish interruption, and ensure timely distributions. Connected trucks deliver immediate data on vehicle performance, fuel usage, and driver behaviour. This data helps firms to optimize routes, progress fuel efficacy, and monitor driver activities, eventually leading to inferior operating costs. Predictive upkeep systems allowed by connectivity also benefit to avoid breakdowns and encompass vehicle lifetime, which augments fleet reliability and cost savings.

Technological Advancement and Innovation To Upsurge The Market

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the connected truck market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Developments in 5G networks, IoT, and artificial intelligence are changing the abilities of connected trucks. The ultra-low latency of 5G allows immediate vehicle-to-everything communication, letting trucks to interrelate with other vehicles and road infrastructure for better-quality traffic management and collision avoidance.

Restraining Factor

Cybersecurity and Data Protection Risks To Hamper The Market Growth

As connected trucks become more reliant on digital communication networks, cybersecurity threats have developed a key concern. Unlawful access to vehicle systems, data breaches, or handling of driving controls could have serious care and fiscal implications. Fleet workers must finance in strong encryption, interruption detection systems, and constant security updates to lessen these risks. Furthermore, variable universal guidelines surrounding data privacy add difficulty for multinational fleet workers, making compliance more challenging.

Growing Adoption Of Electric And Sustainable Transportation To Create Opportunity in the Market

Opportunity

With worldwide initiatives expected at dropping carbon discharges, the transition toward electric trucks presents a substantial prospect for connected technologies. Connectivity allows immediate monitoring of battery health, charging station locations, and energy consumption, helping to enhance vehicle presentation and charging cycles.

Governments globally are presenting incentives for clean transportation, which will further inspire the incorporation of connected solutions with electric and hybrid commercial vehicles. This synergy between connectivity and sustainability line up with enduring ecological goals and forms new avenues for development.

Lack of Standardization and Interoperability Could Be a Major Challenge

Challenge

The connected truck ecosystem encompasses multiple stakeholder’s vehicle producers, telecom workers, and software developers frequently working with diverse communication ethics and platforms. This deficiency of interoperability makes it problematic to integrate data across varied fleets or between systems from diverse vendors.

Standardization efforts are still in development, but the absence of worldwide protocols endures to slow market maturity and collaboration.

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CONNECTED TRUCK MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

• North America

North America held a significant market share determined by the region’s innovative logistics and transportation infrastructure, tied with a sturdy emphasis on innovation and technology implementation in the automotive sector. Furthermore, the presence of key automotive and technology companies enables rapid advancements and adoption of connected truck technologies which motivate the connected truck market share.

• Asia

Asia Pacific is the fastest-growing region in the market, determined by mounting logistics networks and mounting technological implementation. Development of logistics networks, booming e-commerce, and urbanization are mounting the demand for operative fleet management and immediate vehicle monitoring. Government initiatives are inspiring smart conveyance, digital infrastructure, and associated mobility are further supporting market implementation.

• Europe

Europe also plays a substantial role in the market, reinforced by sturdy governing frameworks encouraging safety and ecological sustainability. Innovations in connectivity and autonomous driving technologies are mainly strong in this region.

KEY INDUSTRY PLAYERS

Key Players Focus On Partnerships To Gain Competitive Advantage

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• VE Commercial Vehicles (India)
• Robert Bosch GmbH (Germany)
• Denso Corporation (Japan)
• ZF Friedrichshafen AG (Germany)
• Daimler AG (Germany)

INDUSTRIAL DEVELOPMENT

October 2025:   Daimler Truck, in collaboration with GEICO, introduced Connected Insurance, offering up to 10% premium discounts for Freightliner and Western Star fleets leveraging Detroit Connect telematics data to enhance risk assessment and operational safety.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.