The commercial vehicle industry is on the brink of a revolutionary transformation. With regulatory pushes towards electrification, the booming e-commerce sector, and the surge in home delivery and shared mobility services, the landscape is rapidly evolving. The global appetite for Light Commercial Vehicles (LCVs) is set to skyrocket, with projections soaring from $161 billion in 2024 to an impressive $341 billion by 2032, marking a robust CAGR of 9.8%. Likewise, the demand for middle-mile delivery vehicles, such as box trucks, is expected to experience significant growth, expanding from $113.42 billion to $183 billion between 2024 and 2028, achieving a remarkable CAGR of 10.3%.
However, commercial vehicle manufacturers must be nimble and efficient to capitalize on this transportation and logistics boom.
Download this White Paper to learn how OEMs can leverage Software-Defined Vehicle (SDV) technologies to:
- Meet unique customer segment requirements
- Service the operational needs of diverse fleet types
- Enable seamless integration of aftermarket fittings
