Download free PDF
Connected Trucks Market Size - By Component, By Connectivity, By Range, By Application, By Vehicle, By Sales Channel, Growth Forecast, 2025 - 2034
Report ID: GMI3458
|
Published Date: November 2025
|
Report Format: PDF
Download Free PDF
Authors: Preeti Wadhwani, Aishvarya Ambekar
Premium Report Details
Base Year: 2024
Companies covered: 36
Tables & Figures: 140
Countries covered: 21
Pages: 280
Download Free PDF
Connected Trucks Market
Get a free sample of this report
Get a free sample of this report Connected Trucks Market
Is your requirement urgent? Please give us your business email
for a speedy delivery!

Connected Trucks Market Size
The global connected trucks market was estimated at USD 34.8 billion in 2024. The market is expected to grow from USD 40.3 billion in 2025 to USD 149.5 billion in 2034, at a CAGR of 15.7%, according to the latest report published by Global Market Insights Inc.
The rising demand for connected trucks is transforming freight logistics and port-to-door supply chains worldwide. Telematics, fleet analytics, and in-cab connectivity help operators to model vehicle movements, forecast ETA variance, optimize load and route assignments, and decrease empty miles. Sophisticated simulation and digital- twin models can enable OEMs, fleet managers and infrastructure operators to virtually test their scheduling, capacity and curbside access scenarios under the assumption of operating cost reduction, enhanced safety, and greater on-time delivery efficiency.
For example, in June 2023, Volvo Eicher Commercial Vehicles (VECV), a joint venture in between the Volvo Group and Eicher Motors, announced that its Uptime Centre has dramatically improved operational reliability of its connected trucks and buses, resulting in a remarkable 98% improvement in uptime. This will lead to significant savings of 7-10% by fleet operators.
The shift towards electrification and low-carbon freight requires connected-truck platforms to coordinate energy consumption, charging schedules and range control across fleets. The integration of smart charging, charge-session and vehicle-to-grid/charging-station communications entails real-time telemetry and centrally controlled fleet management to ensure that the grid demand charges are not excessively charged. Dynamic load-balancing and route planning are also possible in mixed diesel-electric fleets, with connected systems, which maintain battery reserve on key legs.
The COVID-19 pandemic increased the pace of digitization in freight: remote diagnostics, contactless deliveries, and centralized operations centers became necessary when on-site interventions were limited. Fleets put more money into remote health monitoring, OTA updates and cloud-based telematics to keep their businesses going and minimize exposure to drivers. The outcome has increased strength in digital-twin route simulations, telematics stacks hardened with cyber-security, and cloud-orchestrated supply-chain continuity.
Rapid adoption of advanced driver assistance and autonomy-enabling systems (ADAS, platooning, lane-keep, automated braking) is increasing the value of high-integrity, low-latency connectivity in trucks. OEMs and fleets are investing in vehicle-level fusion (cameras + radar + lidar) plus cloud analytics to translate sensor data into safety workflows and regulatory compliance records. Interoperability standards and secure data-sharing frameworks are now priorities, since operational and insurance benefits depend on trustworthy data provenance.
North America is a strong market for connected-truck services because of large long-haul fleets, high telematics penetration and a mature aftermarket. Fleet-management, ELD compliance, and fuel-management services are widely used; large fleets purchase enterprise-grade telematics, analytics and custom integrations that command higher ARPUs (average revenue per unit). Several large telematics vendors, OEM fleet services and integrators lead deployments here, making it a center for innovation in platooning pilots and freight-telematics integrations.
Asia-Pacific is the fastest-growing region for connected trucks due to rapid e-commerce growth, large domestic freight volumes, and national investments in logistics modernization. China, India and Southeast Asian economies are scaling telematics in both OEM-supplied trucks and widespread aftermarket retrofit programs. Government logistics digitization initiatives and port modernization programs provide fertile ground for broad deployment of trailer telematics, cold-chain monitoring, and last-mile orchestration.
17% market share
Collective Market Share in 2024 is 45%
Connected Trucks Market Trends
The connected truck industry is moving toward the trend of offering digital services as subscriptions of software and hardware components of telematics. Predictive maintenance, route improvement and uptime analytics are becoming a growing requirement of fleets. Telematics companies and OEMs are now offering software, artificial intelligence insights, and fleet management applications, which provide them with recurrent revenue streams and a better customer retention MRO.
For instance, in October 2025, Daimler Truck Financial Services (DTFS) and GEICO came up with a jointly developed program, called Connected Insurance, of commercial trucks in the U.S., where risk and premiums are determined based on real-time telematics data on Freightliner and Western Star trucks, and up to 10% of premiums are provided to owner-operators and small fleet owners.
With the rise of electric and hybrid trucking, connectivity is critical in controlling battery health, charging patterns, and range optimization. The linked platforms will also bridge trucks with charging infrastructure and multi-modal logistics systems to enhance energy efficiency and coordinate freight. This integration will guarantee the continuity of communication among supply chains and increase their sustainability and visibility in operations.
The automakers of trucks are also progressively integrating telematics and connectivity units on-site. This removes expensive installations in the aftermarket and offers real-time data to the fleets on the first day. Pre-delivery integration helps to accelerate the digital adoption, minimize downtime, and provide uniform connectivity among the models, and such advanced features of telematics are an inherent feature and not an option.
North America and Europe are developed regions, and thus, they are leading in terms of high adoption of telematics, whereas Asia-Pacific, Latin and Middle East are growing at a high rate because of changing of fleets and digitalization of logistics. The opportunities for emerging markets are high, and OEMs are straining to adapt to scalable low cost connected-truck solutions to meet various regional requirements.
Connected Trucks Market Analysis
Based on component, the connected trucks market is divided into hardware, software, and services. The hardware segment dominated the market, accounting for around 44% share in 2024 and is expected to grow at a CAGR of over 13.9% through 2034.
Based on range, the connected trucks market is segmented into dedicated short-range communication (DSRC), and long range. The dedicated short-range communication (DSRC) segment dominated the market accounting for around 68% share in 2024, and the segment is expected to grow at a CAGR of over 15.1% from 2025 to 2034.
Based on sales channel, the connected trucks market is segmented into OEMs, and aftermarket. OEMs segment is expected to dominate the market with around 69% share in 2024 due to factory-fitted telematics, integrated connectivity platforms, and partnerships with tech providers ensuring standardized, reliable, and secure connected truck solutions.
Based on vehicle, the connected trucks market is divided into light commercial vehicles (LCV), medium commercial vehicles (MCV), and heavy commercial vehicles (HCV). The light commercial vehicles (LCV) segment dominated the market with 54% share in 2024.
US dominated the connected trucks market in North America with around 85% share and generated USD 12.3 billion in revenue in 2024.
The connected trucks market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The connected trucks market in China is expected to experience significant and promising growth of 17.6% from 2025-2034.
The connected trucks market in Brazil is expected to experience significant and promising growth from 2025-2034.
The connected trucks market in South Africa is expected to experience significant and promising growth from 2025-2034.
Connected trucks Market Share
Connected Trucks Market Companies
Major players operating in the connected trucks industry are:
Connected Trucks Industry News
The connected trucks market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn), Shipment (Units) from 2021 to 2034, for the following segments:
Click here to Buy Section of this Report
Market, By Component
Market, By Connectivity
Market, By Range
Market, By Vehicle
Market, By Application
Market, By Sales Channel
The above information is provided for the following regions and countries: