Truck Platooning Market: Summary
The global truck platooning market is estimated to reach USD 3.3 Billion in 2024 at a CAGR of 39.8%. Increasing need for fuel consumption, growing need for reducing CO2 emissions, and increase in road safety are some of the factors which are expected to drive the truck platooning market during the forecast period. However, high cost of platooning technology and impact on infrastructure migration are expected to restrain the market during the forecast period. Demand in automated driving and smart mobility is expected to become an opportunity for truck platooning system market.
Truck platooning allows two or more trucks travel together through connectivity technologies such as automated driving support systems. These vehicles automatically maintain a specific distance between each other. The leader truck acts as the head of the convoy, guiding the movements of the vehicles behind requiring little or no action from the follower trucks. Some key players in truck platooning are Peloton Technology, AB Volvo, Daimler AG., Scania, Navistar, Inc., and WABCO among others.
This market research report offers a comprehensive analysis of key market trends in the global truck platooning market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the the basis of type, the truck platooning market is segmented into driver assisted truck platooning (DATP) and automated truck platooning. Based on hardware type, the truck platooning market can be segmented into forward-looking camera, system display, platooning control unit, driver controls, speaker, push-to-talk pedal, radar-based collision mitigation, sensors and others. Based on technology, the truck platooning market can be segmented into automatic emergency braking (AEB), adaptive cruise control (ACC), blind-spot collision warning (BSW), forward collision warning (FCW), lane keeping assist (LKA), human machine interface (HMI), lane departure warning (LDW) and others. Based on connectivity, the truck platooning market can be segmented into global posting system (GPS), dedicated short range communications (DSRC), celluar, Wi-Fi antennae, vehicle-to-vehicle (V2V) communication and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
The report on the truck platooning market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Type, Harware Type, Technology, Connectivity, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, South America, Middle East & Africa and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Truck Platooning Market by Type
Truck Platooning Market by Hardware Type
Truck Platooning Market by Technology
Truck Platooning Market by Connectivity
Truck Platooning Market by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increasing Need for Fuel Consumption
4.2.2. Growing Need for Reducing CO2 Emissions
4.2.3. Increase in Road Safety
4.3 Restraints
4.3.1 High Cost of Platooning Technology
4.3.2 Impact on Infrastructure Migration
4.4 Opportunities
4.4.1 Demand in Automated Driving and Smart Mobility
4.5 Challenges
4.5.1 Driving Time Regulation
4.5.2 Software Safety Assurance for Higher Automation
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 TRUCK PLATOONING MARKET BY TYPE, Market Size in USD Million and Units (2017—2024)
6.1 Introduction
6.2 Driver Assisted Truck Platooning (DATP)
6.3 Automated Truck Platooning
7 TRUCK PLATOONING MARKET BY HARDWARE TYPE, Market Size in USD Million and Units (2017—2024)
7.1 Introduction
7.2 Forward-Looking Camera
7.3 System Display
7.4 Platooning Control Unit
7.5 Driver controls
7.6 Speaker
7.7 Push-To-Talk Pedal
7.8 Radar-Based Collision Mitigation
7.9 Sensors
7.10 Others
8 TRUCK PLATOONING MARKET BY TECHNOLOGY, Market Size in USD Million and Units (2017—2024)
8.1 Introduction
8.2 Automatic Emergency Braking (AEB)
8.3 Adaptive Cruise Control (ACC)
8.4 Blind-Spot Collision Warning (BSW)
8.5 Forward Collision Warning (FCW)
8.6 Lane Keeping Assist (LKA)
8.7 Human Machine Interface (HMI)
8.8 Lane Departure Warning (LDW)
8.9 Others
9 TRUCK PLATOONING MARKET BY CONNECTIVITY, Market Size in USD Million and Units (2017—2024)
9.1 Introduction
9.2 Global Posting System (GPS)
9.3 Dedicated Short Range Communications (DSRC)
9.4 Cellular
9.5 Wi-Fi Antennae
9.6 Vehicle-To-Vehicle (V2V) Communication
9.7 Others
10 TRUCK PLATOONING MARKET BY REGION, Market Size in USD Million and Units (2017—2024)
10.1 North America
10.1.1 US
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 UK
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Norway
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Taiwan
10.3.6 Rest of Asia-Pacific
10.4 Middle East & Africa
10.4.1 Saudi Arabia
10.4.2 UAE
10.4.3 Rest of Middle East & Africa
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1.1 Peloton Technology
12.1.2 Company Overview
12.1.3 Financial Overview
12.1.4 Products/Solutions/Services Offered
12.1.5 Key Developments
12.1.6 SWOT Analysis
12.2 AB Volvo
12.3 Daimler AG.
12.4 Scania
12.5 Navistar, Inc.
12.6 WABCO
12.7 PACCAR Inc.
12.8 IVECO
12.9 Hino Motors
12.10 Continental AG
12.11 Others
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain