Press release
Global Truck Platooning Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Truck platooning is the linking of two or more trucks in a convoy using connectivity solutions and automated driving assistance systems. When connected for a portion of the journey on a road, the trucks in a truck platoon maintain a close distance between them. Truck platooning has a lot of potential to improve the effectiveness, safety, and cleanliness of future road transportation. Truck platooning technology can lower fuel consumption and harmful gas emissions if the trucks are driven closer to one another, which lowers air resistance between them.
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Europe is projected to have the highest CAGR over the forecast period. Innovative truck platooning efforts, technological advancements, and strict regional vehicle safety regulations are the main factors propelling the market's expansion. Pioneering efforts in DATP have been made in nations like Sweden and the Netherlands, which top the autonomous vehicle index. The Netherlands launched the European Truck Platooning Challenge in 2016 while it held the EU Presidency. Therefore, it is anticipated that these developments will spur the expansion of truck platooning in the area in the near future.
Some of the key players in Truck Platooning market include AB Volvo, Bendix Corporation, Bosch, Continental AG, DAF Trucks NV, Daimler AG, Delphi Technologies, Hino Motors, Ltd., IVECO S.p.A, MAN Truck and Bus, Meritor WABCO, Navistar, Inc., NVIDIA Corporation, Omnitracs LLC, Otto Technologies, Peloton Technology, Robert Bosch GmbH, Scania AB, Wabco, Scania AB and ZF Friedrichshafen AG.
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