Connected Trucks Market Sets USD 133.21 Bn in 2025 at 13.59 CAGR
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Connected Trucks Market Overview 2025: Diesel Leads Today, Electric Trucks and AI to Drive Future Growth

The connected trucks industry is expected to grow from USD 117.27 billion in 2024 to USD 419.36 billion by 2034, driven by a CAGR of 13.59%. North America led the connected trucks market, while Asia Pacific is set for strong growth. Diesel dominated by propulsion type, but electric is gaining pace. Long-haul trucking and Class 8 trucks led, with notable growth expected in regional and Class 6 segments.

Content

Introduction

  • Research Objective
  • Scope of the Study
  • Definition and Taxonomy

Research Methodology

  • Research Approach
  • Data Sources
  • Assumptions

Executive Summary

  • Synopsis 
  • Analyst Recommendations

Market Overview 

  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Value chain analysis
    • Raw Material Sourcing
    • Manufacturing Process
    • Logistics & Transportation
    • Buyer Preferences
  • Trends
    • Market Trends
    • Technological Trends
  • Porter’s Five Forces Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of Substitute
    • Threat of New Entrants
    • Degree of Competition
  • PESTLE Analysis for 5 Leading Countries
  • Regulatory Framework for Leading Countries/Regions
  • Supply Demand Analysis
    • Production & Consumption Statistics
    • Export Import Statistics
    • Price Trend Analysis

Global Connected Trucks Market Assessment

  • Overview
  • Global Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Component (2021 – 2033)
    • Software
    • Hardware
    • Service
  • Global Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Range (2021 – 2033)
    • Dedicated Short Range Communication (DSRC)
    • Long Range
  • Global Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Connectivity (2021 – 2033)
    • Vehicle-to-Cloud (V2C) Communication
    • Vehicle-to-Infrastructure (V2I) Communication
    • Vehicle-to-Vehicle (V2V) Communication
  • Global Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Vehicle (2021 – 2033)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • Global Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Application (2021 – 2033)
    • Fleet Management
    • Remote diagnostics & Maintenance
    • Safety & Compliance
    • Infotainment & Connectivity
  • Global Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Region (2021 – 2033)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • South-East Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

North America Connected Trucks Market Assessment

  • Overview
  • North America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Component (2021 – 2033)
    • Software
    • Hardware
    • Service
  • North America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Range (2021 – 2033)
    • Dedicated Short Range Communication (DSRC)
    • Long Range
  • North America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Connectivity (2021 – 2033)
    • Vehicle-to-Cloud (V2C) Communication
    • Vehicle-to-Infrastructure (V2I) Communication
    • Vehicle-to-Vehicle (V2V) Communication
  • North America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Vehicle (2021 – 2033)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • North America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Application (2021 – 2033)
    • Fleet Management
    • Remote diagnostics & Maintenance
    • Safety & Compliance
    • Infotainment & Connectivity
  • North America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Country (2021 – 2033)
    • U.S.
    • Canada
    • Mexico

Europe Connected Trucks Market Assessment

  • Overview
  • Europe Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Component (2021 – 2033)
    • Software
    • Hardware
    • Service
  • Europe Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Range (2021 – 2033)
    • Dedicated Short Range Communication (DSRC)
    • Long Range
  • Europe Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Connectivity (2021 – 2033)
    • Vehicle-to-Cloud (V2C) Communication
    • Vehicle-to-Infrastructure (V2I) Communication
    • Vehicle-to-Vehicle (V2V) Communication
  • Europe Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Vehicle (2021 – 2033)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • Europe Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Application (2021 – 2033)
    • Fleet Management
    • Remote diagnostics & Maintenance
    • Safety & Compliance
    • Infotainment & Connectivity
  • Europe Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Country (2021 – 2033)
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe

Asia Pacific Connected Trucks Market Assessment

  • Overview
  • Asia Pacific Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Component (2021 – 2033)
    • Software
    • Hardware
    • Service
  • Asia Pacific Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Range (2021 – 2033)
    • Dedicated Short Range Communication (DSRC)
    • Long Range
  • Asia Pacific Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Connectivity (2021 – 2033)
    • Vehicle-to-Cloud (V2C) Communication
    • Vehicle-to-Infrastructure (V2I) Communication
    • Vehicle-to-Vehicle (V2V) Communication
  • Asia Pacific Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Vehicle (2021 – 2033)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • Asia Pacific Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Application (2021 – 2033)
    • Fleet Management
    • Remote diagnostics & Maintenance
    • Safety & Compliance
    • Infotainment & Connectivity
  • Asia Pacific Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Country (2021 – 2033)
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific

Latin America Connected Trucks Market Assessment

  • Overview
  • Latin America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Component (2021 – 2033)
    • Software
    • Hardware
    • Service
  • Latin America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Range (2021 – 2033)
    • Dedicated Short Range Communication (DSRC)
    • Long Range
  • Latin America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Connectivity (2021 – 2033)
    • Vehicle-to-Cloud (V2C) Communication
    • Vehicle-to-Infrastructure (V2I) Communication
    • Vehicle-to-Vehicle (V2V) Communication
  • Latin America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Vehicle (2021 – 2033)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • Latin America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Application (2021 – 2033)
    • Fleet Management
    • Remote diagnostics & Maintenance
    • Safety & Compliance
    • Infotainment & Connectivity
  • Latin America Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Country (2021 – 2033)
    • Brazil
    • Argentina
    • Rest of Latin America

Middle East & Africa Connected Trucks Market Assessment

  • Overview
  • Middle East & Africa Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Component (2021 – 2033)
    • Software
    • Hardware
    • Service
  • Middle East & Africa Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Range (2021 – 2033)
    • Dedicated Short Range Communication (DSRC)
    • Long Range
  • Middle East & Africa Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Connectivity (2021 – 2033)
    • Vehicle-to-Cloud (V2C) Communication
    • Vehicle-to-Infrastructure (V2I) Communication
    • Vehicle-to-Vehicle (V2V) Communication
  • Middle East & Africa Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Vehicle (2021 – 2033)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)
  • Middle East & Africa Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Application (2021 – 2033)
    • Fleet Management
    • Remote diagnostics & Maintenance
    • Safety & Compliance
    • Infotainment & Connectivity
  • Middle East & Africa Connected Trucks Market Size Value (US$) and Volume (Billion Tons), By Country (2021 – 2033)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Company Profile

  • CalAmp
    • Company Overview
    • Geographic Footprints
    • Financial Performance
    • Product Portfolio
    • SWOT Analysis
    • R&D Efforts
    • Recent Developments & Strategic Collaborations
      • Product Launch/M&A/Technical Collaboration
  • Daimler AG
  • Navistar International Corporation
  • PACCAR Inc.
  • Fleet Complete
  • Geotab
  • MiX Telematics
  • Continental AG
  • Verizon Connect
  • Omnitracs
  • Volvo Group
  • Samsara Networks Inc.
  • Scania AB
  • Teletrac Navman
  • Trimble Inc.
  • WABCO Holdings Inc.
  • TomTom Telematics
  • ZF Friedrichshafen AG

Conclusion & Recommendations

  • Insight Code: 1290
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: July 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Laxmi Narayan is a seasoned Research Analyst at Towards Automotive, with 5 years of specialized experience in market research, analysis, and consulting within the automotive technology domain. Alongside, Laxmi Narayan also works for our Precedence Research and Statifacts with a strong educational foundation. Holding a B.Tech in Electrical & Electronics Engineering and an MBA in Marketing & Operations; he brings a unique blend of technical knowledge and strategic insight to the forefront of automotive innovation.

At Towards Automotive, Laxmi Narayan focuses on the dynamic intersection of automotive systems and emerging technologies, with particular expertise in edge computing and blockchain applications in mobility. He has been instrumental in developing high-impact reports and insights on connected vehicle ecosystems, decentralized automotive data frameworks, and the evolving infrastructure of intelligent transportation systems.

FAQ's

The market is primarily driven by increasing demand for advanced fleet management, rising sales of electric trucks in developed regions, and strong government support for smart mobility solutions. Additionally, the rapid expansion of 5G infrastructure and adoption of AI-powered diagnostics enhance operational efficiency, driving investment in connected truck technologies.

The market is projected to grow from USD 133.21 billion in 2025 to USD 419.36 billion by 2034, registering a CAGR of 13.59%. This indicates robust growth potential, especially in regions with strong logistics infrastructure and supportive regulations for intelligent transport systems.

Key trends include AI-enabled diagnostics, vehicle-to-cloud (V2C) and vehicle-to-infrastructure (V2I) technologies, integration with fleet management platforms, and electrification of trucks. The shift to autonomous and software-defined trucks is reshaping OEM and supplier strategies.

North America leads in revenue, driven by strong infrastructure and major tech-company presence. Asia Pacific is the fastest-growing region, propelled by rapid urbanization, tech investment, and increased adoption of autonomous trucks in countries like China, India, and Japan.

Governments in regions like the U.S., Germany, Japan, and India are actively promoting connected vehicle technologies through regulatory incentives, infrastructure investments, and emissions mandates. These policies enhance the adoption of electric and connected trucking platforms, making them more appealing to fleet operators.

Diesel-powered trucks currently dominate due to their torque and long-range capabilities, especially for long-haul applications. However, electric trucks are gaining ground rapidly, supported by government incentives, charging infrastructure developments, and advancements in battery technology.

Long-haul trucking leads in market share due to high demand for connectivity in extended freight operations. Regional trucking is emerging as a high-growth segment due to increased use in urban and intercity logistics, often leveraging class 6 and class 7 trucks with advanced connectivity features.

The market is highly competitive with key players like Verizon Connect, Samsara, Huawei, Trimble, Vodafone, Qualcomm, AT&T, and others. These companies are focused on innovation through collaborations, fleet management solutions, and telematics integration to gain a strategic edge.
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