DUBLIN--(BUSINESS WIRE)--Sep 5, 2018--The "Global Connected Truck Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global connected truck market to grow at a CAGR of 29.70% during the period 2018-2022.

Global Connected Truck Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is growing need for fleet management solutions. The logistics sector has been the largest contributor to fleet management services in the telematics industry. This is because of the increased consolidation of logistics players and demand for fleet tracking to mitigate transit losses.

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.

One trend in the market is upgrade to higher SAE automation levels and advent of truck platooning. Truck platooning, which is a concept devised from connected truck technologies, can be enabled in trucks that are engineered with level 2 automation. Developments in the Cooperative Adaptive Cruise Control technology have resulted in the emergence of truck platooning.

Further, the report states that one challenge in the market is lack of internet connectivity and infrastructure in developing countries. The availability of reliable and high-speed internet connectivity is an important factor that drives the adoption of connected trucks. Most countries do not have the basic infrastructure required for Internet connectivity.

Market trends

Upgrade to higher SAE automation levels and advent of truck platooning Availability of ITS corridors and smart road infrastructure

Key vendors

Bosch Continental DENSO ZF Friedrichshafen TomTom NXP Semiconductors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Application

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/lp4ph4/global_connected?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005888/en/

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Related Topics:Trucks

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE FLEET MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/05/2018 02:35 PM/DISC: 09/05/2018 02:35 PM

http://www.businesswire.com/news/home/20180905005888/en