MarketResearchReports.biz recently added a new research report to its exhaustive repository. The publication, titled “Connected Truck Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”, offers a comprehensive overview of the strengths, weaknesses, opportunities, and threats impacting the trajectory of the overall market.
Albany, NY -- (SBWIRE) -- 08/16/2018 -- The publication is aimed at giving its readers accurate information, which it has collated using primary and secondary research methodologies. The report provides a detailed explanation of the historical achievements of the market and the current market situation to map the trajectory of the market.
The global connected truck market is expected to grow at a steady pace in the coming years as the global economy is limping back to normal at a remarkable pace. Emerging economies that heavily rely on robust transportation systems are expected to spur growth for connected trucks. These trucks are equipped with state-of-art communication systems such as fleet management system (FMS) and advanced driver assist system (ADAS), which ensure timely communication of vehicle improvement, fuel management, and need for driver assistance amongst others. Constant updates of fuel levels, battery status, light status, and other vital information render a safe driving experience. Growing demand for technologically efficient trucks for better transportation systems is projected to have a positive influence on the overall market in the coming years.
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On the basis of vehicle type, the connected truck market can be segmented into heavy commercial and non-commercial vehicles. The research report states that the heavy commercial vehicle segment is expected to dominate the global market for connected trucks. The growing infrastructural development across emerging economies, rising e-commerce, and growth of businesses have collectively influenced this segment. Online shopping features such as ability to locate or track your products has also upped the scope for heavy commercial vehicles in recent times. Furthermore, ensuring driver's safety is also projected to play a crucial role in progress of this segment.
Regionally speaking, Europe and North America hold a giant share in the global https://www.marketresearchreports.biz/reports/1864534/connected-truck-global-industry-market-research-reports">connected truck market. The growing automotive sectors in these regions are expected to drive the market. Higher acceptance of technology, improving infrastructure, need to improve customer service, and the urgency to bring in time efficiency have prompted end users in North America and Europe to install connected truck solutions. Stringent norms about safety have also contributed to the regional success.
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The research report dedicates an entire chapter to the competitive landscape of the global connected truck market. It has identified Robert Bosch GmbH, ZF Friedrichshafen, Continental AG, Volvo, Delphi Technologies, Daimler AG, and Denso Corporation as some of the leading players operating in the global market. Analysts have offered an assessment of the emerging trends in the global connected truck market and provided a detailed look at the financial outlook of these companies.
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