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Connected Truck Market Growth From $46.37 Billion In 2026 To $85.2 Billion By 2030 At A CAGR Of 16.4%
The connected truck market has seen significant expansion in recent years. Its size is expected to climb from $39.83 billion in 2025 to $46.37 billion in 2026, achieving a compound annual growth rate (CAGR) of 16.4%. This historical growth can be attributed to factors such as the rise of commercial transportation, increasing demand for fleet safety solutions, widespread adoption of GPS tracking, the necessity for fuel efficiency, and the broadening of logistics networks.
The connected truck market is projected to experience substantial expansion in the coming years. This market is anticipated to reach $85.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.4%. This projected growth is driven by factors such as the emergence of autonomous trucking technologies, increased adoption of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, the rising need for connected logistics, the spread of electric trucks, and an emphasis on minimizing operational downtime. Key trends anticipated during this period encompass vehicle-to-everything (V2X) communication systems, the integration of advanced driver assistance systems, sophisticated connected fleet management platforms, proactive maintenance for trucks, and solutions offering real-time logistics visibility.
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Connected Truck Market Expansion Drivers: What’s Shaping Future Growth?
An anticipated increase in the average fuel efficiency is projected to drive the expansion of the connected trucks market in the future. Fuel-efficient vehicles are defined by the greater distance they cover for each unit of fuel consumed. This increase in fuel-efficient vehicles stems from consumers’ desire for reduced fuel usage to lower operational expenses and lessen environmental footprints. Connected trucks contribute to fuel efficiency through optimized route planning and by circumventing traffic delays, thereby decreasing fuel usage and enhancing overall efficiency. As an example, the European Automobile Manufacturers’ Association (ACEA), a Brussels-based industry association, reported in January 2024 that new electric truck registrations in 2023 surged by 234.1% to 5,279 units, indicating a swift transition to vehicles that are both more fuel-efficient and connected. Consequently, this improvement in efficiency is a key factor propelling the expansion of the connected truck market.
Connected Truck Market Segment Analysis Spotlighting Growth Areas
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
Connected Truck Market Strategic Trends: What Defines The Next Growth Phase?
Leading firms within the connected truck sector are embracing novel technologies to maintain their competitive standing. As an illustration, in March 2023, Volvo Trucks North America, a US-based truck manufacturer, introduced its Connected Vehicle Analytics (CVA) tool. This tool collects real-world data from fleet activities, encompassing details like existing truck setups, typical routes, average speeds, and fuel consumption. The CVA tool enables dealers to monitor how fleet customers utilize their Volvo trucks and pinpoint opportunities for optimized specifications to boost efficiency and output. By leveraging Volvo Trucks’ CVA tool, dealers acquire quantifiable insights into a customer’s fleet performance, informing potential updates and adjustments to specifications when acquiring new vehicles. The system provides data regarding numerous elements that can influence a vehicle’s fuel expenditure and consumption.
Connected Truck Market Leading Companies: Who Holds The Strongest Market Presence?
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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Connected Truck Market Top Region: Where Does Most Revenue Come From?
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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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
