Truck Platooning Market to Reach US$ 4.6 Billion by 2032 at 22.3% CAGR; North America Leads with 42% Share | Key Players Daimler, Volvo, Scania

The Truck Platooning Market reached US$ 0.9 billion in 2024 and is expected to reach US$ 4.6 billion by 2032, growing at a CAGR of 22.3% during the forecast period 2025-2032. The market is expanding rapidly as logistics and transportation companies seek advanced solutions to improve fuel efficiency, road safety, and freight productivity amid rising operational costs and driver shortages.

Growth is driven by advancements in vehicle-to-vehicle communication, autonomous driving technologies, and connected fleet management systems that enable trucks to travel in closely coordinated convoys. Truck platooning reduces aerodynamic drag, lowers fuel consumption, and enhances traffic flow, making it attractive for long-haul and highway freight operations. Supportive government pilot programs, increasing adoption of intelligent transportation systems, and investments by OEMs and logistics providers are further accelerating market development.

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Truck Platooning Market is the global market for connected and automated truck convoy technologies that enable multiple trucks to travel closely together using vehicle-to-vehicle communication to improve fuel efficiency, safety, and traffic flow.

Key Developments
✅ January 2026: In the United States, logistics companies and fleet operators expanded pilot deployments of truck platooning systems leveraging vehicle-to-vehicle communication and advanced driver-assistance technologies to reduce fuel consumption, improve highway safety, and optimize long-haul freight operations.

✅ January 2026: In Japan, automotive manufacturers and transportation authorities advanced truck platooning trials focused on semi-autonomous convoy driving to address driver shortages and improve freight transport efficiency.

✅ January 2026: In Europe, cross-border transport initiatives accelerated adoption of truck platooning technologies supported by harmonized regulations, intelligent transport systems, and connected infrastructure.

✅ December 2025: In the United States, integration of truck platooning software with fleet management, telematics, and route optimization platforms enhanced real-time coordination and operational visibility.

✅ December 2025: In Japan, collaborations between logistics firms and technology providers supported development of highly reliable platooning communication systems suited for dense traffic environments.

✅ December 2025: In Asia-Pacific, rising freight volumes, fuel efficiency mandates, and investment in smart highway infrastructure drove increased interest in truck platooning solutions.

Mergers & Acquisitions
✅ January 2026: In the United States, a transportation technology company acquired a truck platooning software developer to strengthen autonomous driving and connected fleet capabilities.

✅ December 2025: In the United States, a commercial vehicle technology firm completed the acquisition of a connectivity solutions provider to enhance vehicle-to-vehicle communication for platooning applications.

✅ December 2025: In Japan, an automotive electronics group increased its investment in a platooning technology startup focused on safety algorithms and real-time vehicle coordination.

✅ August 2025: In Europe, a mobility technology company acquired a regional truck platooning solutions provider to expand its presence in intelligent freight transport systems.

Key Players
Platoon Technology | Daimler | Volvo | Scania | TomTom | WABCO | Meritor | Continental AG | DAF Trucks NV | Others

Key Highlights
Daimler holds 21.5% share, driven by its strong leadership in connected truck technologies, advanced driver assistance systems, and early investments in platooning pilots across Europe and North America.

Volvo holds 18.9% share, supported by extensive real-world platooning trials, integrated telematics platforms, and a strong global commercial vehicle footprint.

Scania holds 14.7% share, leveraging its focus on fuel efficiency, cooperative driving systems, and successful deployment of truck platooning solutions in logistics corridors.

Continental AG holds 12.3% share, driven by its advanced vehicle connectivity solutions, radar and sensor technologies, and software platforms enabling platooning communication.

WABCO holds 9.8% share, supported by electronic braking systems, vehicle control technologies, and deep integration with OEM truck platforms.

DAF Trucks NV holds 7.6% share, leveraging collaborations with technology providers and growing adoption of platooning features in European freight fleets.

TomTom holds 6.1% share, driven by high-definition mapping, real-time traffic data, and navigation solutions critical for coordinated platooning operations.

Meritor holds 4.5% share, supported by drivetrain components and systems that enhance efficiency and stability in platooned trucks.

Platoon Technology holds 1.0% share, driven by niche software solutions and pilot-scale platooning deployments.

Others account for 0.4% share, comprising emerging startups and regional technology providers developing specialized platooning systems.

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Market Drivers
- Rising demand for improved freight efficiency and reduced transportation costs across long-haul logistics.

- Growing emphasis on road safety and reduction of human error through automated driving assistance technologies.

- Increasing fuel cost pressures and environmental regulations driving adoption of platooning to lower emissions and improve fuel efficiency.

- Advancements in vehicle-to-vehicle (V2V) communication, connectivity, and autonomous driving technologies.

- Favorable government initiatives and pilot programs supporting intelligent transport systems and automated platooning trials.

Industry Developments
- Launch of advanced truck platooning systems integrating radar, lidar, and V2V communications for coordinated driving.

- Strategic partnerships between trucking OEMs, technology providers, and logistics companies to commercialize platooning solutions.

- Increasing number of large-scale pilot deployments and cross-border trials to evaluate safety, efficiency, and regulatory considerations.

- Integration of platooning with fleet management platforms, telematics, and AI-powered route optimization tools.

- Collaborations with policymakers and standards bodies to develop regulations, communication protocols, and safety frameworks.

Regional Insights
North America - 42% share: "Driven by extensive long-haul freight corridors, strong logistics infrastructure, early adoption of automated driving technologies, and regulatory support for ITS initiatives."

Europe - 29% share: "Supported by active pilot programs, stringent emissions targets, collaborative transport frameworks, and investments in smart highway systems."

Asia Pacific - 23% share: "Fueled by rapid logistics sector growth, increasing adoption of connected vehicle technologies, and government-backed automation initiatives."

Latin America - 4% share: "Driven by interest in freight efficiency solutions, gradual technology adoption, and improving transport infrastructure."

Middle East & Africa - 2% share: "Supported by emerging smart mobility projects, expanding logistics networks, and early initiatives in transport automation."

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Key Segments

By Technology Type
Driver assistive truck platooning holds a notable share, driven by its ability to improve fuel efficiency, reduce emissions, and enhance road safety through coordinated driving and reduced aerodynamic drag. Autonomous technology is gaining strong momentum as advancements in artificial intelligence, sensors, and connectivity enable higher levels of vehicle automation, supporting long-term goals of reducing driver dependency, improving logistics efficiency, and enhancing safety.

By Systems
Global Positioning System (GPS) plays a critical role by enabling real-time vehicle tracking, route optimization, and fleet coordination. Blind spot detection systems are increasingly adopted to enhance driver awareness and reduce collision risks, particularly during lane changes and merging. Adaptive cruise control supports safe inter-vehicle distance management, which is essential for both platooning and semi-autonomous operations. Automated lane keeping systems contribute to improved stability and reduced driver fatigue by maintaining lane discipline. Automatic braking systems are vital for collision avoidance, responding rapidly to emergency scenarios. Other systems, including forward collision warning and eco-driving systems, further enhance safety, fuel efficiency, and overall fleet performance.

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