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Visiongain report says “Connected Trucks market set to reach $22.9bn in 2018”

18 June 2018
Automotive

Visiongain’ has launched a brand new automotive report Connected Trucks Market Report 2018-2028: Forecasts ($m & Unit Sales Volume) By Component (Hardware, Software), By Region & By Country Plus Analysis Of Leading Companies Developing Telematics & Connectivity Technologies Within The Internet of Things (IoT) Ecosystem.

As the world gradually, but perceptibly, transitions from the traditional mechanical systems in vehicles to more advanced connectivity and IoT solutions, connected solutions will play a major role in this change. The OEMs are rigorously trying to implement connectivity and IT solutions into vehicles since they provide a plethora of advantages such as low emissions, increased safety, comfort, vehicle tracking and vehicle efficiency. Moreover, the increasing demand for enhanced in-vehicle experience and vehicle safety at the consumer end is also driving the adoption of these connected solutions into the upcoming trucks.

The Visiongain report analyst commented “There is a key emphasis on vehicle performance, enhanced in-vehicle experience, comfort and safety by the consumer which is one of the major decision driving factors in regards to connected trucks sales. The consumer is very much concerned about the vehicle performance, comfort and safety while making a buying decision which has forced the OEMs to produce highly safe and comfortable trucks. This has majorly driven the connected technology market with the slow and steady incorporation of these highly advanced and innovative vehicle technologies. These technologies have very high penetration rates in trucks manufactured in developed nations such as the U.S., Germany, France, U.K. amongst others. However, these solutions are slowly and steadily finding inroads into the developing nations such as India, Mexico and Brazil amongst others.”

Leading companies featured in the report who are developing connected solutions for trucks include Continental AG, Robert Bosh GmbH, Harman International, ZF TRW, Delphi Automotive, NXP Semiconductors, Sierra Wireless, TomTom Telematics, Trimble, Verizon Telematics, Denso Corporation and Magna International Inc

Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

About visiongain Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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