Press release
Truck Platooning Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast
Truck platooning involves the optimum utilization of autonomous driving technologies, which not only reduces the road mishaps but also improves the operational efficiency of trucks and helps the fleet operators to make significant savings on fuel and maintenance costs.
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On the basis of technology, the truck platooning market has been categorized into global positioning system (GPS), human–machine interface (HMI), forward collision warning (FCW), autonomous emergency braking (AEB), lane keep assist (LKA), blind spot warning (BSW), and adaptive cruise control (ACC). Of all these, the fastest growth in the market during the forecast period is expected from the ACC technology, as it is indispensable to truck platooning. It helps in adjusting the vehicle speed and maintaining optimum distance between the trucks in a platoon through the use of radio signals.
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According to the European Federation for Transport and Environment, vehicular emissions from trucks currently contribute about 25% of the total road transport emissions. Also, as per an Intelligent Transportation System for Commercial Vehicles (ITS4CV) study by European Road Transport Telematics Implementation Coordination (ERTICO), platooning can help achieve significant reduction in CO2 emissions, with up to 16% reduction from the trailing trucks and up to 8% from the leading truck.
The report will also provide a country-wise analysis. Some of the major countries that are covered in the report include the U.S., Canada, U.K., France, Germany, Spain, Sweden, Netherlands, Norway, Austria, Belgium, Sweden, China, Japan, Australia, Singapore, U.A.E., and Kuwait.
The global truck platooning market includes truck OEMs and the technology providers and is primarily characterized by the growing number of mergers and acquisitions in addition to increasing investments.
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Some of the major truck OEMs incorporating this technology in their products are Volvo AB, Daimler AG, and Scania AB, and some of the key technology providers in the industry are Peloton Technology Inc., Continental AG, Bendix Commercial Vehicle Systems LLC (a subsidiary of Knorr-Bremse AG), and Meritor WABCO Vehicle Control Systems.
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