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Truck Platooning Market Is Expected To Witness Incremental Growth In The Forecast Period 2023-2032
Truck Platooning Market
Truck Platooning Market Size, Growth Rate, And Forecast
The global truck platooning market size is expected to grow from $1.59 billion in 2022 to $2.09 billion in 2023 at a compound annual growth rate (CAGR) of 31.9%. The global truck platooning market size is expected to reach $6.09 billion in 2027 at a CAGR of 30.6%.
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Truck Platooning Market Drivers
The growing sales of commercial vehicles are expected to propel the growth of truck platooning. Increasing commercial vehicles will create demand for platooning technologies due to which they gain benefits such as increased efficiency, reduced loss, and improved fuel economy. Truck is part of commercial vehicles and as the trucks increase, their need for improving operations or road safety also increases which also creates demand for platooning.
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Truck Platooning Market Segments
• By Services: Telematic Based Services, Automatic Crash Notification, Emergency Calling, Navigation And Infotainment, On Road Assistance, Remote Diagnostics, Vehicle Tracking, Other Services
• By Component: Forward Looking Camera, System Display With Rear Time Camera, RADAR Base Collision Mitigation, LiDAR
• By Platooning Type: Driver-Assistive Tuck Platooning (DATP), Autonomous Truck Platooning
• By Communication Technology: Vehicle-To-Infrastructure (V2I), Vehicle-To-Vehicle (V2V), Vehicle-To-Everything (V2X)
• By Autonomous Level: Semi-Autonomous, Full-Autonomous
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the truck platooning market.
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Truck Platooning Market Key Players
Major competitors in the truck platooning market include Daimler AG, Peloton Technology, Volvo Group, Continental AG, Navistar Inc., Scania AB, IVECO S.p.A, Hino Motors Ltd., Nvidia Corporation, Bendix Corporation, MAN Truck & Bus SE, DAF Trucks NV, Omnitracs LLC, Robert Bosch GmbH, and ZF Friedrichshafen AG.
The Business Research Company's "Global Truck Platooning Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Truck Platooning Market Include:
1. Executive Summary
2. Truck Platooning Market Characteristics
3. Truck Platooning Market Trends And Strategies
4. Truck Platooning Market - Macro Economic Scenario
5. Truck Platooning Market Size And Growth
……
26. Africa Truck Platooning Market
27. Truck Platooning Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Truck Platooning Market
29. Truck Platooning Market Future Outlook And Potential Analysis
30. Appendix
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