Connected trucks are equipped with innovative technologies including fleet management system (FMS), advanced driver assist systems (ADAS), and other technologies. The functionalities of a connected truck aids the driver to check the light status, battery status, fuel level, and other crucial information. Some of the features of the connected truck include blind spot detection (BSD), lane keep assist system (LKAS), emergency brake assist (EBA), and lane departure warning (LDW) among others. These features provide safety to not only the drivers but also the pedestrians and other vehicles.
MARKET SCOPE
The "Global Connected truck Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the connected truck market with detailed market segmentation by component, range, communication type, and geography. The report provides key statistics on the market status of the leading connected truck market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? The global connected truck market is segmented on the basis of component, range, and communication type.
? On the basis of component, the market is segmented as hardware, software, and services.
? Based on range the market is segmented as dedicated short range communication (DSRC), long range communication (Telematics control unit).
? Based on communication type the market is segmented as vehicle to vehicle (V2V), vehicle to infrastructure (V2I), and vehicle to cloud(V2C).
MARKET DYNAMICS
Drivers:
? Government Mandates Supporting Connected Technologies in Automobiles.
Restraints:
? Cyber Security issues hinder the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The connected truck market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Connected truck market in these regions.
IMPACT OF COVID-19 ON CONNECTED TRUCK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the connected truck market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Connected truck market market are anticipated to lucrative growth opportunities in the future with the rising demand for Connected truck market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Connected truck market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Denso Corporation
? Continental AG
? Robert Bosch
? Delphi Technologies
? ZF Friedrichshafen AG
? Harman International
? Sierra Wireless
? TomTom
? Trimble Inc.
? Verizon Wireless