Connected Truck Market: Driving Innovation in Transportation
At the same time, driven by the convergence of IoT (Internet of Things), 5G, and AI as disruptive technologies, which show the impact of these emerging technologies in disrupting the consumption pattern of products and services on a global basis concerning the trucking vertical, Market analysis reveals that the Connected Truck Market in the mature phases of development is set to be driven by the flourishing trucks equipped with a plethora of sensors, the telematics system, and communication networks. The existence of a wide range of technologies in trucks enables real-time tracking of data points and sharing of data among multiple users or access, and across various transport services, while at the same time, enabling fast fleet management, emission, accidents, and maintenance reduction too. The global connected truck market is expected to grow at a robust CAGR of 15.6% from 2023 to 2031 as heightened demand for efficient transportation, regulatory compliance with emissions...