Truck Platooning Market Grow at a CAGR of 32.4% by 2025 | Key Players - AB Volvo, Bendix Commercial Vehicles Systems , Continental , Daimler , Delphi Automotive

Truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025. In 2017, North America accounted for the highest share and is anticipated to maintain its lead throughout the global truck platooning market forecast.

Truck platooning can be defined as linking of two or more trucks in convoy using automated driving assistance systems and connectivity solutions between the vehicles. The vehicles in truck platooning maintain a close distance between them when they are connected for certain part of the journey on roadways. The vehicle at the head of the platoon acts as the leader, and the vehicle behind the leader reacts and adapts to the movement of the leading vehicle. The driver in the following trucks are always in control and can leave or drive independently at any point of time. The concept of truck platooning holds a great potential to make the road transport efficient, cleaner, and safer in the coming future. Truck platooning technology can reduce the consumption of fuel and the emission of harmful gases, provided the trucks are operating closer, which in turn reduces the air drag between them.

Top Companies Covered in this Report:
AB Volvo, Bendix Commercial Vehicles Systems , Continental , Daimler , Delphi Automotive , Meritor Wabco, Navistar International Corporation, OTTO Technologies, Peloton Technology, Scania AB, and others.

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Factors such as rise in government rules for emission from transport sector and reduction in fuel consumption drive the truck platooning market growth. In addition, the truck platooning market experiences growth owing to supportive government rules for platooning. However, high cost of platooning technology and rise in security and privacy concerns are the factors anticipated to hinder the growth of the truck platooning market. Furthermore, production of fully autonomous trucks for platooning and extension in size of truck platooning fleet are the factors expected to provide a remarkable growth opportunity for the players operating in the truck platooning industry. The global truck platooning market trends is expected to increase owing to rising need of automation in transport industry to avoid hazardous situations and increase the transportation efficiency.

Major Types of Truck Platooning covered are:
Vehicle-to-infrastructure (V2I)
Vehicle-to-vehicle (V2V)
Vehicle-to-everything (V2X)

Major Technology of Truck Platooning covered are:
Adaptive Cruise Control (ACC)
Blind Spot Warning (BSW)
Global Positioning System (GPS)
Forward Collision Warning (FCW)
Lane Keep Assist (LKA)
Others

The global truck platooning market is segmented based on technology, platooning type, communication technology, and region. Based on technology, the market is classified into adaptive cruise control (ACC), blind spot warning (BSW), global positioning system (GPS), forward collision warning (FCW), lane keep assist (LKA), and others. Based on platooning type, the market is bifurcated into driver-assistive tuck platooning (DATP), and autonomous truck platooning. Communication technology is further segmented as vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), and vehicle-to-everything (V2X). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Truck Platooning Market Size
2.2 Truck Platooning Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Truck Platooning Market Size by Manufacturers
3.2 Truck Platooning Key Players Head office and Area Served
3.3 Key Players Truck Platooning Product/Solution/Service
3.4 Date of Enter into Truck Platooning Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Truck Platooning Sales by Product
4.2 Global Truck Platooning Revenue by Product
4.3 Truck Platooning Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Truck Platooning Breakdown Data by End User

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In the last section of the report, the global Truck Platooning market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Truck Platooning Market.

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