Edison , NJ -- (SBWIRE) -- 07/11/2019 -- Connected trucks refer to the autonomous trucks which can send and receive data. The emergence of connectivity solution and technological advancement in the automobile industry propelling the connected trucks market growth. For instance, Volvo Trucks launched first connected, electric, and autonomous solution intended for projects in factories, ports, logistics centers. Further, the growing focus on telematics in the connected trucks expected to drive the demand for connected trucks market over the forecasted period.

Advance Market Analytics recently introduced Connected Truck Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2024. Connected Truck Market explores effective study on varied sections of Industry like opportunities, size, growth, technology, demand and trend of high leading players. It also provides market key statistics on the status of manufacturers, a valuable source of guidance, direction for companies and individuals interested in the industry.

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Major Key Players in This Report Include,
Bosch (Germany), Continental (Germany), Verizon Communications (United States), Harman International (United States), Denso Corporation (Japan), Magna (Canada), Delphi (United Kingdom), Trimble (United States) and NXP (Netherlands)

Market Trend
Increasing Need for Vehicle Connectivity in Transportation and Logistics Industry
Technological Advancement in the Automobile Industry

Market Drivers
Increasing Demand in the Heavy Commercial Vehicles
Emergence of Telematics in the Connected Trucks

Opportunities
Emphasizing On Development of Autonomous Trucks
Rising Demand from the Developing Economies

Restraints
Threats Related to Cybersecurity of Vehicle
Stringent Government Regulations Regarding Vehicle Safety

Challenges
Limited IT Infrastructure in the Low and Middle Income Group Countries

On the basis of geography, the market of Connected Truck has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Fleet Management will boost the Connected Truck market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

The research methodology used to estimate and forecast the Connected Truck Market began with capturing data from the key vendors' revenue and market size of the individual segments through secondary sources, industry associations, and trade journals, such as the World Analytics Association and the Cloud Native Computing Foundation. The bottom-up procedure was employed to arrive at the overall market size of the market from the individual segments. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with the key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments.

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Strategic Points Covered in Table of Content of Connected Truck Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Connected Truck market
Chapter 2: Exclusive Summary – the basic information of the Connected Truck Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Connected Truck
Chapter 4: Presenting the Connected Truck Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Connected Truck market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Connected Truck Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Connected Truck Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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