Real-Time Data and Telematics Boost Connected Truck Demand

The Connected Truck Market is rapidly transforming the commercial transportation landscape by integrating telematics, connectivity, and data analytics into trucks to enhance operational efficiency, safety, and fleet management. According to Stratview Research, the market was valued at US$38.5 billion in 2023 and is projected to grow at a CAGR of 9.5%, reaching US$104.4 billion by 2034. This expansion reflects the increasing adoption of digital technologies in logistics and rising demand for real-time visibility across supply chains.