Connected Truck Market Valued at $22.20 Billion in 2021, Growing at 16.1% CAGR According to a new report published by Allied Market Research, titled, "Connected Truck Market by Communication Type (Vehicle-To-Vehicle, Vehicle-To-Cloud, Vehicle-To-Infrastructure), by Range (Dedicated Short Range , Long Range/Cellular Network), by Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), by Application (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, Mobility Management): Global Opportunity Analysis and Industry Forecast, 2021-2031."Market Size : The global connected truck market size was valued at $22.20 billion in 2021, and is projected to reach $97.38 billion by 2031, growing at a CAGR of 16.1% from 2022 to 2031. North America is expected to dominate the global connected truck industry in 2021. The connected truck market in North America is anticipated to experience significant growth due to the incorporation of new telematics platform for safe and cost-effective fleet management and investment partnership between telematics and automobile insurance companies. In addition, incorporation of advanced telematics solutions by leading market players also fuels the growth of the connected truck market in North America. Get Research Report Sample Pages : https://www.alliedmarketresearch.com/request-sample/A09614 The connected truck market will be affected by the recent trend of development of self-driving trucks. Top OEM's such as Tesla, Volvo, Vera, and Daimler among others, have been developing self-driving trucks for the market. Startups such as Waymo, Einride, TuSimple, and others, have also started developing self-driving trucks. For instance, Tesla announced a plan to launch its self-driving electric truck by the end of 2022. For instance, Waymo has started testing its self-driving trucks since January 2020. Similarly, TuSimple plans to operate autonomous trucking routes between Pheonix and Tucson in Arizona and some areas in Texas. Further, in May 2019, Einride started its testing for driver-less trucks. In January 2019, Daimler announced an investment of $570 million