Valued to be $55.1 Billion by 2026, Connected Trucks Slated for Robust Growth Worldwide
SAN FRANCISCO, June 23, 2022
SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Connected Trucks - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 7; Released: January 2022
Executive Pool: 1867
Companies: 47 - Players covered include APTIV PLC; Continental AG; Denso Corporation; HARMAN International; Magna International Inc.; NXP Semiconductors Netherlands B.V.; Robert Bosch GmbH; Sierra Wireless, Inc.; TomTom International BV; Trimble Inc.; Verizon Connect; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Communication (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Cloud (V2C)); Range (Dedicated Short Range, Long Range/Cellular Network); Vehicle (Light Commercial Vehicles, Heavy Commercial Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Connected Trucks Market to Reach $55.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Connected Trucks estimated at US$24 Billion, is projected to reach a revised size of US$55.1 Billion by 2026, growing at a CAGR of 14.7% over the analysis period. Dedicated Short Range, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$49 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Long Range/Cellular Network segment is readjusted to a revised 10% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.3 Billion in 2021, While China is Forecast to Reach $9.6 Billion by 2026
The Connected Trucks market in the U.S. is estimated at US$8.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.6 Billion by the year 2026 trailing a CAGR of 14.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 12.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR. More
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SOURCE Global Industry Analysts, Inc.