Truck Platooning Systems Market Growth Analysis, Trends, Developments and Forecast to 2027 - Volvo, Scania, Daimler, Navistar, Toyota

The “Truck Platooning Systems” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Truck Platooning Systems Market is predicted to register a CAGR of 60.97% over the forecast period 2021 – 2027.”

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Market Overview

The rise in the number of road accidents due to driver errors and increasing focus on reducing transportation operating costs are expected to fuel the demand in the truck platooning market. Truck platooning is expected to increase the demand in sectors such as road development, transportation, logistics, and information technology because of the rise in demand for automated technologies. The rising adoption of the Internet of Things (IoT) is another factor that will help the growth of the market over the forecast period.

Key Competitors of the Truck Platooning Systems market is: Peloton Technology, Volvo, Scania, Daimler, Navistar, Toyota, Uber, Bendix Commercial Vehicles Systems, DAF, Continental AG, IVECO, MAN Truck & Bus

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Truck Platooning Systems market within the upcoming years.

Truck Platooning Systems market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Truck Platooning Systems market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Software

Device

Major Applications covered are:

Heavy Trucks

Light Trucks

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Key Market Trends

Growing Technological Advancements in Truck Platooning are Driving the Market

There is an increase in demand for more fuel-efficient and safer vehicles, owing to which automobile manufacturers are heavily investing in the latest vehicle technologies. Truck platooning is one of the advanced technologies that automobile manufacturers are using to make trucks more efficient and safer. Some of the advanced features deployed in truck platooning include adaptive cruise control, forward collision avoidance and mitigation system, lane departure warning, and active braking systems.

All these features, if availed in the trucks, are expected to enable them to enter into the semi-autonomous level of driving and reduce the probability of human error accidents during their transit. Other developed infrastructure systems involved in truck platooning, including vehicle-to-vehicle communications (V2V), vehicle-to-infrastructure (V2I), and satellite communications (GPS), have ensured secure connectivity between vehicles and other information networks, where freight fleet operators can smoothly monitor the transportation administrations.

Regional market Truck Platooning Systems (regional production, demand and forecast by country):

North America is also investing in activities toward truck platoons, which primarily began with efforts from automotive giants, such as Daimler AG, Volvo, and other firms. The development of favorable regulatory policies in the United States from the National Highway Traffic Safety Administration (NHTSA) and National Transportation Safety Board (NTSB) that feature accountability, safety, and compliance are the potential factors contributing to the market growth. Moreover, North American transportation trucks play a vital role in logistical operations and have a significant contribution to the transportation industry.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Recent Developments

In November 2020, Scania acquired Nantong Gaokai, a truck company in China, to start making trucks for the first time in the world’s biggest auto market. The focus of acquisition is to bring safer and more fuel-efficient vehicles by promoting technologies like truck platooning in the market.

In October 2020, TRATON SE planned to acquire the remaining 83.2% stake in Navistar International Corp. for a total cash consideration of USD 3.7 billion to expand its product portfolio. The acquisition is likely to focus on the development and establishment of trucks in the market for commercial applications.

Report Features:

To project the worth and sales volume of the Truck Platooning Systems market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Truck Platooning Systems market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Truck Platooning Systems market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global Truck Platooning Systems Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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