Market Forecast by Countries (United States, Canada), By Range (DSRC , Cellular), By Service (Fleet Management , Cybersecurity & Updates), By Component (Hardware , Software) And Competitive Landscape
Product Code: ETC4623764 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Connected Truck Market |
Forecast Period | 2025-2031 |
Market Size | USD 18 billion by 2031 |
CAGR | 15% |
Growing Sector | Technology |
North America Connected Truck Market report thoroughly covers the market By countries, By Range, By Service and By Component. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Connected Truck Market was valued at USD 10.3 billion and is expected to reach USD 18 billion , growing at a CAGR of around 15% from 2025-2031. The growth of the market can be attributed to the increasing demand for advanced technologies in the trucking industry, along with the rising need for fleet management and real-time monitoring. The North America connected truck market is experiencing robust growth, driven by advancements in telematics, IoT integration, and the increasing demand for fleet management solutions. As of recent estimates, the market size is expected to grow significantly, with a compound annual growth rate (CAGR) in the high single digits over the next decade.
Factors such as regulatory mandates for vehicle safety, fuel efficiency, and emissions compliance are accelerating the adoption of connected technologies in commercial vehicles. Key players are investing in AI-driven analytics, predictive maintenance, and 5G connectivity to enhance operational efficiency and reduce costs. The market is further bolstered by the rising popularity of autonomous driving technologies and the growing demand for real-time data solutions across industries like logistics and transportation.
The North America connected truck market is poised for substantial growth, driven by advancements in telematics, IoT-enabled solutions, and smart fleet management systems. This market encompasses a range of applications, including real-time vehicle tracking, predictive maintenance, fuel management, and safety compliance. Rising adoption of cloud-based platforms, coupled with increasing regulatory requirements for emissions reduction and road safety, is accelerating market demand. Additionally, technological innovations such as 5G connectivity, advanced driver-assistance systems (ADAS), and AI-powered analytics are enhancing operational efficiency for fleet operators. Key sectors, including logistics, transportation, and construction, are leveraging connected truck technologies to optimize performance, reduce costs, and improve overall sustainability.
According to 6Wresearch, the North America Connected Truck Market Size is expected to reach a significant CAGR of 15% during the forecast period 2025-2031. The competitive landscape of the North America connected truck market is characterized by a mix of established players and emerging innovators focusing on enhancing connectivity solutions. Major companies are investing in partnerships, mergers, and acquisitions to expand their portfolios and develop integrated platforms. The market is also witnessing a shift towards electric and autonomous trucks, further driving the adoption of advanced connectivity technologies. Challenges such as cybersecurity concerns and high implementation costs are being addressed through robust data encryption, government support, and scalable pricing models. As digitization transforms the transportation industry, the connected truck market is expected to play a pivotal role in enabling smart logistics and sustainable mobility solutions across North America.
The connected truck market in North America is evolving rapidly, shaped by novel trends such as the integration of 5G networks, the rise of electric and autonomous vehicles, and the adoption of advanced analytics through AI and machine learning. Predictive maintenance powered by IoT sensors is gaining traction, allowing fleet operators to minimize downtime and optimize vehicle performance. Another emerging trend is the use of blockchain technology for secure and transparent supply chain management. Enhanced driver-assistance systems (ADAS) and real-time fleet monitoring are also becoming standard features, improving safety and operational efficiency. Furthermore, the shift towards sustainability is driving the adoption of connected technologies in electric trucks, enabling better energy management and route optimization. These innovations are positioning connected trucks as key enablers of smarter, more efficient transportation systems in the region.
The North America connected truck industry presents lucrative investment opportunities driven by the increasing demand for advanced fleet management, telematics, and smart mobility solutions. Key areas of growth include the development of AI-powered analytics platforms, IoT-enabled devices for real-time monitoring, and 5G-based connectivity solutions to enhance communication and data processing. Investments in autonomous and electric truck technologies are also gaining momentum, as these innovations align with sustainability goals and evolving regulatory frameworks. Startups specializing in cybersecurity solutions for connected vehicles and blockchain-based supply chain management are particularly attractive to investors. Additionally, the growing emphasis on subscription-based telematics services and cloud computing platforms offers recurring revenue opportunities, making the connected truck industry a compelling prospect for venture capital and strategic partnerships.
Leading players in the North America connected truck market are expanding their market share through strategic innovations, partnerships, and acquisitions. Companies such as Daimler, Volvo, PACCAR, and Navistar are heavily investing in advanced telematics systems, autonomous vehicle technologies, and electric truck platforms to stay ahead in the competitive landscape. Technology providers like Qualcomm, Geotab, and Trimble are collaborating with OEMs to integrate IoT-enabled solutions and cloud-based platforms for enhanced fleet management. These players are also focusing on enhancing safety features with advanced driver-assistance systems (ADAS) and predictive maintenance solutions powered by AI and machine learning. Additionally, strategic alliances with logistics companies and investment in 5G connectivity are further solidifying their foothold, enabling seamless communication and real-time data analytics, thereby driving the market's growth and innovation.
Government regulations play a pivotal role in shaping the effective performance of the North America connected truck market. Regulatory frameworks focusing on emissions reduction, vehicle safety, and electronic logging device (ELD) mandates are driving the adoption of advanced connected technologies in commercial vehicles. Agencies like the U.S. Department of Transportation (DOT) and the Federal Motor Carrier Safety Administration (FMCSA) are enforcing compliance standards for real-time tracking, driver behavior monitoring, and hours-of-service (HOS) logging, enhancing fleet efficiency and safety. Incentives for adopting electric and low-emission vehicles, coupled with grants for research in autonomous driving and IoT integration, are further accelerating innovation in the sector. Additionally, data privacy and cybersecurity regulations are evolving to ensure secure handling of vast amounts of data generated by connected trucks, fostering trust and sustainability in the market. These regulatory measures are instrumental in creating a competitive and forward-looking industry landscape.
The North America connected truck market is set to witness sustained growth in the coming years, driven by advancements in IoT, AI, and 5G technologies. The increasing adoption of electric and autonomous trucks is expected to redefine the market, with connected solutions playing a crucial role in enabling real-time data sharing, route optimization, and energy efficiency. Future developments will likely focus on enhanced cybersecurity frameworks to address data privacy concerns and on the integration of blockchain for secure supply chain operations. The rise of subscription-based telematics services and predictive analytics platforms is anticipated to unlock new revenue streams for market players.
Additionally, government initiatives supporting clean energy and smart transportation systems, coupled with the growing emphasis on sustainability, will further boost market expansion. As logistics and fleet management industries continue to digitize, the connected truck market will be central to transforming North America’s transportation ecosystem.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch,The United States is expected to dominate the North America connected truck market, accounting for a significant share due to its advanced technological infrastructure and early adoption of IoT-enabled solutions.
In the North America connected truck market, cellular-based connectivity is expected to dominate over Dedicated Short-Range Communication (DSRC) due to its superior range, scalability, and compatibility with modern technological advancements.
In the North America connected truck market, fleet management services dominate the market, driven by the increasing need for operational efficiency, cost reduction, and real-time data insights.
In the North America connected truck market, software components dominate the market due to the growing reliance on cloud-based platforms, advanced analytics, and data-driven solutions for fleet management, predictive maintenance, and vehicle performance optimization.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Connected Truck Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Connected Truck Market Revenues & Volume, 2021 & 2031F |
3.3 North America Connected Truck Market - Industry Life Cycle |
3.4 North America Connected Truck Market - Porter's Five Forces |
3.5 North America Connected Truck Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Connected Truck Market Revenues & Volume Share, By Range, 2021 & 2031F |
3.7 North America Connected Truck Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.8 North America Connected Truck Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 North America Connected Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Connected Truck Market Trends |
6 North America Connected Truck Market, 2021 - 2031 |
6.1 North America Connected Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
6.2 North America Connected Truck Market, Revenues & Volume, By Service, 2021 - 2031 |
6.3 North America Connected Truck Market, Revenues & Volume, By Component, 2021 - 2031 |
7 United States Connected Truck Market, 2021 - 2031 |
7.1 United States Connected Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
7.2 United States Connected Truck Market, Revenues & Volume, By Service, 2021 - 2031 |
7.3 United States Connected Truck Market, Revenues & Volume, By Component, 2021 - 2031 |
8 Canada Connected Truck Market, 2021 - 2031 |
8.1 Canada Connected Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
8.2 Canada Connected Truck Market, Revenues & Volume, By Service, 2021 - 2031 |
8.3 Canada Connected Truck Market, Revenues & Volume, By Component, 2021 - 2031 |
9 North America Connected Truck Market Key Performance Indicators |
10 North America Connected Truck Market - Opportunity Assessment |
10.1 North America Connected Truck Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Connected Truck Market Opportunity Assessment, By Range, 2021 & 2031F |
10.3 North America Connected Truck Market Opportunity Assessment, By Service, 2021 & 2031F |
10.4 North America Connected Truck Market Opportunity Assessment, By Component, 2021 & 2031F |
11 North America Connected Truck Market - Competitive Landscape |
11.1 North America Connected Truck Market Revenue Share, By Companies, 2024 |
11.2 North America Connected Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |