The Connected Trucks Market is projected to surge from USD 133.21 billion in 2025 to USD 419.36 billion by 2034, registering a CAGR of 13.59% during the forecast period. This impressive growth trajectory is fueled by rising sales of electric trucks in developed economies like the U.S. and Germany, coupled with government initiatives promoting advanced vehicle connectivity technologies.
As logistics and distribution networks increasingly adopt AI-powered fleet management solutions, the industry is witnessing transformative changes that enhance efficiency, safety, and real-time tracking capabilities.
🌎 Market Highlights
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North America held the largest revenue share in 2025.
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Asia Pacific is forecasted to exhibit the fastest CAGR over 2025–2034.
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Diesel-powered trucks dominated the market by propulsion type.
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Electric trucks are anticipated to register significant growth during the forecast period.
🚛 Top Connected Trucks Companies in 2025: About, Products & Market Cap
1️⃣ Vodafone
About: Vodafone Group is a leading telecommunications company headquartered in the UK.
Products: Provides IoT-based fleet management solutions and vehicle tracking systems.
Market Cap: Approx. USD 35 billion (2025).
2️⃣ CATL (Contemporary Amperex Technology Co. Limited)
About: A Chinese powerhouse in lithium-ion battery manufacturing.
Products: Supplies batteries for electric trucks and connected vehicle systems.
Market Cap: Approx. USD 120 billion (2025).
3️⃣ Deutsche Telekom
About: One of Europe’s largest telecom providers, based in Germany.
Products: Offers M2M (machine-to-machine) and IoT connectivity for commercial fleets.
Market Cap: Approx. USD 110 billion (2025).
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4️⃣ T-Mobile
About: A subsidiary of Deutsche Telekom serving the U.S. market.
Products: Provides 5G connectivity and telematics solutions for connected vehicles.
Market Cap: Approx. USD 185 billion (2025).
5️⃣ Huawei
About: A global technology leader headquartered in China.
Products: Develops advanced IoT platforms and vehicle-to-everything (V2X) systems.
Market Cap: Privately held. Estimated valuation USD 100+ billion (2025).
6️⃣ Verizon Connect
About: The connected vehicle division of Verizon Communications.
Products: Fleet management software, GPS tracking, and driver safety tools.
Market Cap: Parent company Verizon approx. USD 190 billion (2025).
7️⃣ Trimble
About: A U.S.-based technology firm specializing in positioning systems.
Products: Provides telematics and transportation management solutions.
Market Cap: Approx. USD 20 billion (2025).
8️⃣ Orange
About: A French multinational telecommunications corporation.
Products: Offers IoT services and connectivity solutions for logistics fleets.
Market Cap: Approx. USD 40 billion (2025).
9️⃣ Qualcomm
About: A U.S. semiconductor and software company leading in vehicle connectivity.
Products: Develops chips for telematics, AI-based diagnostics, and V2X communication.
Market Cap: Approx. USD 175 billion (2025).
🔟 AT&T
About: One of the largest telecom companies in the U.S.
Products: Delivers IoT connectivity and fleet tracking services for commercial vehicles.
Market Cap: Approx. USD 135 billion (2025).
1️⃣1️⃣ Samsara
About: A U.S.-based IoT company focused on industrial and logistics sectors.
Products: Offers IoT-powered fleet tracking, driver safety tools, and AI insights.
Market Cap: Approx. USD 15 billion (2025).
1️⃣2️⃣ Teletrac Navman
About: A global fleet management solutions provider.
Products: GPS tracking, compliance management, and analytics tools for fleets.
Market Cap: Privately held, estimated USD 1–2 billion (2025).
1️⃣3️⃣ Omnitracs
About: A leading fleet management software company based in the U.S.
Products: Offers end-to-end logistics solutions and AI-powered fleet intelligence.
Market Cap: Privately held, estimated USD 1 billion (2025).
1️⃣4️⃣ Telefonica
About: A Spanish multinational telecom giant.
Products: Provides IoT connectivity and smart fleet solutions across Europe and Latin America.
Market Cap: Approx. USD 35 billion (2025).
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📈 Key Drivers of Connected Trucks Market Growth
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Growing adoption of electric and autonomous trucks.
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Rising demand for real-time fleet monitoring in logistics and distribution.
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Government support for connected vehicle infrastructure.
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Surge in AI-powered diagnostic and predictive maintenance tools.
❓ Frequently Asked Questions (FAQs)
1. What is the size of the global connected trucks market in 2025?
The market size is projected at USD 133.21 billion in 2025.
2. Which region dominates the connected trucks market?
North America currently leads in revenue share, while Asia Pacific is expected to grow the fastest.
3. Who are the top players in the connected trucks market?
Key players include Vodafone, CATL, Deutsche Telekom, Huawei, Verizon Connect, and Trimble, among others.
4. What is driving the growth of connected trucks?
Rising adoption of AI diagnostics, government initiatives for connected vehicles, and demand for advanced fleet management solutions.
5. Which propulsion type segment will grow significantly?
The electric segment is anticipated to grow at a considerable CAGR during 2025–2034.
Source : https://www.towardsautomotive.com/insights/connected-trucks-market-sizing