Connected Truck Telematics Market Size, Segments, and Growth by 2031

Fuel is estimated to be the second largest expense in managing fleets after payrolls. The need to optimize fuel usage and drive cost efficiencies have led the fleet managers to look for solutions that would give them insights into the various aspects of their fleets. Further untimely repairs and maintenance also add to the costs of the fleet managers where fleet downtime plays a significant role. Connected truck telematics provides all solutions related to notifying on the repair and maintenance aspects, provides insights into the fuel consumption data, and also establishes connections with other vehicles on the road for advanced driver assistance.

The emergence of vehicle telematics and the demands for advanced driver assist systems are anticipated to be the major factors driving the growing adoptions of connected truck telematics. Higher installations costs hinder the adoptions of connected truck telematics posing a challenge to the growth of the connected truck telematics market. Increasing entry of non-traditional telematics companies coupled with rising engagements with the concept of smart cities provides new opportunities to the players operating in the connected truck telematics market.

The "Global Connected Truck Telematics Market Analysis to 2031" is a specialized and in-depth study of the connected truck telematics market with a focus on the global market trend. The report aims to provide an overview of the globally connected truck telematics market with detailed market segmentation by technology, vehicle type, communication type, and geography. The globally connected truck telematics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the globally connected truck telematics market based on the technology, vehicle type, and communication type. It also provides market size and forecast till 2031 for overall connected truck telematics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The Connected truck telematics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the connected truck telematics market in these regions. Further, the report also includes ecosystem analysis for the connected truck telematics market.

Also, key connected truck telematics market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years. Some of the key players influencing the market are Continental AG, DAF, Daimler AG, 4. Daimler Fleetboard GmbH, and Meritor WABCO. Also, OTTO Motors, Peloton Technology, Scania AB, TomTom International B.V., and AB Volvo are a few other important players in the connected truck telematics market.

Connected Truck Telematics Report Scope