Car Sharing Market by Vehicle Type, Application 2014-2024 Connected Truck Market Research Report 2023 | Page 2

Connected Truck Market
The global connected truck market is estimated to observe a substantial growth in the coming years, due to
growing demand for in-vehicle safety features, vehicle connectivity in logistics and transportation sector, driver
assistance system, infotainment system, electrification and digitization of vehicle components, and autonomous
driving.
On the basis of service, the connected truck market is bifurcated into fleet management, and cybersecurity and
updates. Of the two, fleet management is expected to hold a larger share in the market during the forecast
period. The updates in telematic control unit (TCU) application and real-time over-the-air (OTA) data analytics
are the major factors driving the growth of fleet management service.
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