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Connected Truck Market Size & Forecast

Historic: 2022-2024 Base Year: 2025 Forecast: 2026–2033
US$ 37.39 Billion
Market Size 2025 · Base Year
US$ 150.41 Billion
Projected Market Size by 2033
19.00%
CAGR · 2026–2033
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BMIPUB00037094 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
12
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2022–2024), Base Year (2025), and 8-Year Forecast (2026–2033)
10 +
Major Players
Major companies profiled including Daimler Truck AG, Volvo Group, Traton SE, PACCAR Inc., Navistar, Inc.
350
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Rising Adoption of Fleet Telematics and Connectivity

  • Growing Demand for Real-Time Fleet Management Solutions

  • Increasing Integration of Advanced Driver Assistance Systems

Where Growth Opportunities Exist

Key Opportunities

  • Rising Demand for Connected Electric Truck Fleets

  • Expansion of Logistics and Last-Mile Fleet Digitalization

  • Growing Adoption of Usage-Based Commercial Vehicle Insurance

What Could Slow It Down

Market Restraints

  • Cybersecurity Risks in Connected Vehicle Networks

  • High Deployment Costs of Connected Truck Technologies

  • Limited Network Coverage in Remote Transportation Routes

Market Segmentation

Coverage by Segment

Communication Type

Vehicle to Vehicle
Vehicle to Cloud
Vehicle to Infrastructure

Vehicle Type

Light Commercial Vehicle
Heavy Commercial Vehicle
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Daimler Truck AG
Volvo Group
Traton SE
PACCAR Inc.
Navistar, Inc.
Ford Motor Company
Bosch Mobility
Continental AG
Verizon Connect
Geotab Inc.
What's Inside

Report Scope & Deliverables

Market Size 2025 US$ 37.39 Billion
Market Size 2033 US$ 150.41 Billion
CAGR 2026–2033 19.00%
Segments By Communication Type (Vehicle to Vehicle, Vehicle to Cloud, Vehicle to Infrastructure)  |  By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00037094
Lead Analyst Dhananjay Pawar — Analyst, Research · View Profile
With Full Report Access

Gain actionable insights with 350 pages of in-depth Connected Truck Market, including historical trends, 8-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.