The Connected truck market for automotive is projected to grow from USD 18.60 billion in 2017 to USD 37.64 billion by 2022, at a CAGR of 15.14%. The key factors driving the growth of the market include the increase in the vehicle safety legislation, industry compliances, and government regulations regarding safety and security of the vehicle.
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Download Brochure of Connected Truck Market spread across 145 pages, Profiling 12 Companies and Supported with 54 Tables and 50 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1229435
- Automobile manufacturers
- Connected car devices manufacturers
- Automobile organizations/associations
- Cloud service providers
- Compliance regulatory authorities
- Government agencies
- Information Technology (IT) companies & system integrators
- Investors and Venture Capitalists (VCs)
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Industry Trends and Technology Overview
2 Value Chain Analysis
3 Connectivity (4G, 4G LTE & 5G)
4 Semiconductor Components: ICS and Microcontrollers
5 Autonomous Driving
6 Impact of Big Data, IoT, and Data Analytics
7 Technology Roadmap
The fleet management service is estimated to account for the largest share of the connected truck market, by service type in 2017.Various digital systems such as GPS tracking, remote diagnostics, fuel management, and driver information system are offered as standard features in trucks by OEMs. Hence, the growth of vehicle-to-cloud (V2C) communication for the connected truck market is expected to be driven by the increasing number of digital applications in trucks.
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In North America and Europe, OEMs such as General Motors (US), Daimler (Germany), Volvo (Sweden), and Volkswagen (Germany) offer embedded fleet solutions in their truck models. Furthermore, these services will help the automotive companies to analyze the data generated by the TCUs, which will provide the real-time solution by OTA updates through the cloud.
The updates in TCU applications and real-time data analytics are expected to drive the connected truck market for fleet management service and V2C communication.
The dedicated short-range communication (DSRC) segment is estimated to hold the largest share of the global connected truck market in 2017. This segment is estimated to grow at a significant CAGR and is expected to remain the largest market during the forecast period.
The growth of the automotive DSRC segment is driven by the increasing driver assistance systems such as adaptive cruise control, park assist system, lane departure warning, and blind spot detection.
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The report segments the connected truck market and forecasts its size, by volume (for component & range) and value, on the basis of region (Asia Pacific, Europe, North America, and RoW), range type (dedicated short-range communication and long range), service type (fleet management and maintenance & OTA updates), component type (hardware (radar & lidar sensors and microcontroller) and software), communication type (vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-cloud (V2C)) and vehicle type (light commercial vehicle (LCV) and heavy commercial vehicle (HCV)).The qualitative analysis of advanced features is also provided.
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