Connected Truck Market Demand Globally- Business Data
The global connected truck market is estimated to observe a substantial growth in the coming years, due to growing demand for in-vehicle safety features, vehicle connectivity in logistics and transportation sector, driver assistance system, infotainment system, electrification and digitization of vehicle components, and autonomous driving. On the basis of service, the connected truck market is bifurcated into fleet management, and cybersecurity and updates. Of the two, fleet management is expected to hold a larger share in the market during the forecast period. The updates in telematic control unit (TCU) application and real-time over-the-air (OTA) data analytics are the major factors driving the growth of fleet management service. On the basis of communication, the connected truck market is further segmented into vehicle-to-vehicle (V2V), vehicle to infrastructure (V2I), and vehicle to cloud (V2C). The V2C category is expected to grow significantly during the forecast period...