Truck Platooning Market Key Insights, Profiling Companies and Growth Strategies by 2029

This Truck Platooning market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Truck Platooning market.

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Truck Platooning: Market Introduction & Market Dynamics

Truck platooning is connecting two or more trucks using automotive driving support technologies so that these connected vehicle can depict each other’s movement. The truck ahead of all the connected trucks acts as the leader, and rest of the platoon react accordingly by reacting & adapting movement of the leader truck. Thus, truck platooning requires no or little action from the driver. Platooning type could either be autonomous truck platooning or driver-assistive tuck platooning. This evolving trend of truck platooning holds a substantial potential in making the road transportation cleaner, safer, and efficient over coming years.

Government of developed countries have imposed set regulations aiming to reduce emission from road transportation. In the transportation sector, emission of greenhouse gases from trucks contributes a major share which can be reduced by truck platooning as these trucks drive close to each other, in turn, reducing the air drag by 40% resulting in one-tenth reduction in carbon oxide emission per kilometer. Thus, truck platooning is a remarkable solution for controlling the ongoing emission, which in turn, is expected to create notable opportunities for the global truck platooning market in years to come.

Truck Platooning: Market Key Players

The global market is estimated to be fragmented owing to the high presence of domestic and regional suppliers. Some of the major participants operating in the global truck platooning market include the following players:

  • Delphi Technologies
  • AB Volvo
  • Knorr-Bremse AG
  • Continental AG
  • Navistar, Inc.
  • Daimler AG
  • Meritor
  • Otto Technologies
  • Scania
  • Peloton Technology
  • TT Technologies, Inc.
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Truck Platooning: Market Segmentation

The Truck Platooning market can be segmented on the basis of technology, and platooning type

On the basis of technology, the global truck platooning market can be segmented into the following,

  • Blind Spot Warning
  • Forward Collision Warning
  • Adaptive Cruise Control
  • Global Positioning System
  • Lane Keep Assist & Others

On the basis of truck platooning type, the global truck platooning market can be segmented into the following,

  • Autonomous Truck Platooning
  • Vehicle-to-infrastructure (V2I)
  • Vehicle-to-vehicle (V2V)
  • Vehicle-to-everything (V2X)
  • Driver Assist Tuck Platooning (DATP)
  • Vehicle-to-infrastructure (V2I)
  • Vehicle-to-vehicle (V2V)
  • Vehicle-to-everything (V2X)

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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