What Does The Strategic Industry Forecast Indicate For The Connected Truck Market Through 2030?


 How Has The Connected Truck Market Performed Historically, And What Growth Trajectory Is Expected Ahead?

The connected truck market size has grown rapidly in recent years. It will grow from $39.83 billion in 2025 to $46.37 billion in 2026 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to growth of commercial transportation, demand for fleet safety solutions, adoption of gps tracking, need for fuel efficiency, expansion of logistics networks.

The connected truck market size is expected to see rapid growth in the next few years. It will grow to $85.2 billion in 2030 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to rise of autonomous trucking technologies, adoption of v2v and v2i communication, demand for connected logistics, expansion of electric trucks, focus on reducing operational downtime. Major trends in the forecast period include vehicle-to-everything communication systems, advanced driver assistance integration, connected fleet management platforms, predictive maintenance for trucks, real-time logistics visibility solutions.

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What Are The Main Market Drivers Shaping The Progression Of The Connected Truck Market?
The rise in the fuel-efficient average is expected to propel the growth of the connected trucks market going forward. Fuel-efficient vehicles refer to the distance travelled per unit of fuel consumed. The rise in fuel-efficient vehicles is due to consumers seeking lower fuel consumption to reduce operating costs and minimise environmental impact. Connected trucks can be helpful for fuel efficiency by optimising routing and avoiding traffic slowdowns, which can reduce fuel consumption and improve efficiency. For instance, in January 2024, according to the European Automobile Manufacturers’ Association (ACEA), a Brussels-based industry association, new electric truck registrations in 2023 grew by 234.1% to 5,279 units, reflecting the rapid shift towards more fuel-efficient and connected vehicles. Therefore, the rise in efficiency is driving the growth of the connected truck market.

What Leading Segment Types Are Used To Analyze The Connected Truck Market?
The connected truck market covered in this report is segmented –

1) By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles
2) By Range: Dedicated Short Range, Long Range Or Cellular Network
3) By Communication Type: Vehicle to Vehicle (V2V), Vehicle to Cloud (V2C), Vehicle to Infrastructure (V2I)
4) By Application: Driver Assistance, Safety, Entertainment, Vehicle Management, Mobility Management

Subsegments:
1) By Light Commercial Vehicles: Delivery Vans, Pickup Trucks, Small Cargo Vehicles
2) By Heavy Commercial Vehicles: Trucks, Trailers, Buses

Which Trend Shifts Are Redefining Opportunities In The Connected Truck Market?
Major companies operating in the connected truck market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Volvo Trucks North America, a US-based truck company, launched the Connected Vehicle Analytics (CVA) tool that gathers actual data from fleet operations, such as current truck configurations, daily routes, average speed, and fuel usage. With the help of the CVA tool, dealers can keep an eye on how fleet clients are using their Volvo vehicles and identify areas where better spicing could increase their efficiency and productivity. Dealers can gain quantitative insights about a customer's fleet's performance and what updates and adjustments can be made to the specifications when investing in new trucks using Volvo Trucks' CVA tool. Data are supplied on a variety of factors that may impact how much fuel a vehicle uses and consumes.

Who Are The Core Market Contributors Recognized Within The Connected Truck Market Ecosystem?
Major companies operating in the connected truck market are Robert Bosch GmbH; Continental AG; Denso Corporation; ZF Friedrichshafen AG; Magna International Inc.; Daimler AG; Harman International; Aptiv Global Operations Limited; Sierra Wireless Inc.; Mercedes-Benz Group AG; Aktiebolaget Volvo; NXP Semiconductors NV; Verizon Communications Inc.; Trimble Inc.; Geotab Inc.; Mix Telematics; TomTom International BV; Traton SE; Tata Motors Ltd.; PACCAR Inc.; DAF Trucks N.V.; WABCO Vehicle Control Systems; Stoneridge Inc.; Navistar International Corporation; Scania AB; Iveco Group NV; AT&T Fleet Complete; KeepTruckin Inc.; Omnitracs LLC

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Which Geographical Areas Are Expected To Witness The Most Substantial Connected Truck Market Expansion Ahead?
North America was the largest region in the connected truck market in 2025.Europe is expected to be the fastest-growing region in the global connected truck market report during the forecast period. The regions covered in the connected truck market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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