Connected vehicles have direct access to the Internet, which enables connectivity to all other devices, such as smartphones and traffic lights. They are efficient in warning drivers of upcoming problems on the road or within the vehicle. They also provide improved convenience and assistance to drivers. The technology can actively stabilize vehicles, thereby reducing the engine workload.
The global connected truck market is predicted to reach US$ 40 Billion by 2025, growing at a CAGR of over +15% during the forecast period, due to the growing demand for vehicle connectivity in logistics and transportation business.
A connected truck is equipped with advanced technology such as advanced driver assist system (ADAS) and fleet management system (FMS), which broadcast on the screen vehicle improvement, fuel management, driver assist system, and others. Connected trucks are employed with features that provide the driver with instant status information and control of the vehicle remotely. In a connected truck, the driver can check the current fuel level, battery status, flight status, and other information.
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Top Key Players:
- Company B,
- Scania AB,
- Volvo Group (Sweden),
- Paccar Inc. (U.S.),
- DAF Trucks,
North America, Latin America, Asia-Pacific, Africa, and Europe have been examined by researchers to get an analysis of technological advancements across the globe and their impact on the connected truck market. The rising needs for transportation and the growing prevalence of logistics are the major key factors stimulating the growth of the market. The number of key vendors is situated in the global region. Researchers throw light on the adoption of successful strategies that have been carried out by top-level industries.
Key highlights of this research report:
- Overview of the key market segments propelling or hampering the market growth
- It offers a 360-degree overview of the competitive landscape
- It helps to make informed business decisions for the businesses
- It offers a detailed analysis of recent trends, tools, and technological advancements
- Assessment of competitive dynamics
- Different sales methodologies which help to increase the sale of the businesses
- The regional analysis of various market segments and sub-segments
- Analysis of the demand-supply chain of the globally connected truck market
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On the other hand, it gives a clear idea of the financial aspects of the businesses. The increasing adoption of the logistics industry contributing to the growth of the Connected Truck Market. It lists the driving and restraining factors of the businesses for understanding the various up-down stages of the businesses. Finally, it offers a comparative study of industries which helps to understand the global competition at different platforms.
The study objectives are:
-To analyze and research the global connected truck market current status, forecasts, production, growth rate, and capacity.
-To split the market data by regions, segments, types, and application
-To offer the analysis of competitive developments across the global regions
-Provides an overview of major factors which are propelling or hampering the market
-Detailed analysis of industry trends, tools, technologies, and methodologies
-Well explained SWOT and Porter’s five analysis
-It offers a clear understanding of demand-supply chain analysis
-Up-to-date analysis of major key players operating in the global region
-Comprehensive analysis of global trading terminologies such as import, export, and local consumption.
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