The global truck platooning market is estimated to reach USD 3.3 Billion in 2024 at a CAGR of 39.8%. Increasing need for fuel consumption, growing need for reducing CO2 emissions, and increase in road safety are some of the factors which are expected to drive the truck platooning market during the forecast period. However, high cost of platooning technology and impact on infrastructure migration are expected to restrain the market during the forecast period. Demand in automated driving and smart mobility is expected to become an opportunity for truck platooning system market.
Truck platooning allows two or more trucks travel together through connectivity technologies such as automated driving support systems. These vehicles automatically maintain a specific distance between each other. The leader truck acts as the head of the convoy, guiding the movements of the vehicles behind requiring little or no action from the follower trucks. Some key players in truck platooning are Peloton Technology, AB Volvo, Daimler AG., Scania, Navistar, Inc., and WABCO among others.
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Truck Platooning Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global truck platooning market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the the basis of type, the truck platooning market is segmented into driver assisted truck platooning (DATP) and automated truck platooning. Based on hardware type, the truck platooning market can be segmented into forward-looking camera, system display, platooning control unit, driver controls, speaker, push-to-talk pedal, radar-based collision mitigation, sensors and others. Based on technology, the truck platooning market can be segmented into automatic emergency braking (AEB), adaptive cruise control (ACC), blind-spot collision warning (BSW), forward collision warning (FCW), lane keeping assist (LKA), human machine interface (HMI), lane departure warning (LDW) and others. Based on connectivity, the truck platooning market can be segmented into global posting system (GPS), dedicated short range communications (DSRC), celluar, Wi-Fi antennae, vehicle-to-vehicle (V2V) communication and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Truck Platooning Market: Report Scope
The report on the truck platooning market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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List of the leading companies operating in the Truck Platooning Market include:
- Peloton Technology (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- AB Volvo
- Daimler AG.
- Navistar, Inc.
- PACCAR Inc.
- Hino Motors
- Continental AG
- Other Key Companies
Truck Platooning Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Truck Platooning Market by Type
- Driver Assisted Truck Platooning (DATP)
- Automated Truck Platooning
Truck Platooning Market by Hardware Type
- Forward-Looking Camera
- System Display
- Platooning Control Unit
- Driver controls
- Push-To-Talk Pedal
- Radar-Based Collision Mitigation
Truck Platooning Market by Technology
- Automatic Emergency Braking (AEB)
- Adaptive Cruise Control (ACC)
- Blind-Spot Collision Warning (BSW)
- Forward Collision Warning (FCW)
- Lane Keeping Assist (LKA)
- Human Machine Interface (HMI)
- Lane Departure Warning (LDW)
Truck Platooning Market by Connectivity
- Global Posting System (GPS)
- Dedicated Short Range Communications (DSRC)
- Wi-Fi Antennae
- Vehicle-To-Vehicle (V2V) Communication
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Truck Platooning Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
Table of Content
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
- TRUCK PLATOONING MARKET BY TYPE, Market Size in USD Million and Units (2017—2024)
- TRUCK PLATOONING MARKET BY HARDWARE TYPE, Market Size in USD Million and Units (2017—2024)
- TRUCK PLATOONING MARKET BY TECHNOLOGY, Market Size in USD Million and Units (2017—2024)
- TRUCK PLATOONING MARKET BY CONNECTIVITY, Market Size in USD Million and Units (2017—2024)
- TRUCK PLATOONING MARKET BY REGION, Market Size in USD Million and Units (2017—2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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