Market Highlights
Platooning is an advanced vehicle technology where automatedsupport system is tethered convoys of two or more trucks set closely togetherto reduce air drag and increase fuel efficiency. The main function ofplatooning is to maintain acceleration, braking and steering across all trucksin the platoon. The vehicle OEMs are developing vehicle to vehiclecommunication system to improve the performance of the vehicle and automateddriving system. Improved truck platoons reduce fuel consumption, enhancetraffic safety and reduce the CO2 emissions. Growing sales of commercialvehicle across the globe and advanced cruising technologies used in theplatooning drive the truck platooning market. Increasing road development, roadtransport facilities, and information technology enhance the growth of truckplatooning market.
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On the basis of region, the market is segmented on the basisof North America, Asia-Pacific, Europe, and Rest of the World. The availabilityof automated technologies related to platooning in most regions has propelledthe demand in the truck platooning market. Existence of major manufacturers inthese regions along with their partnerships with the local players, over time,have widened the scope of the market in these regions. Europe region isexpected to dominate the market during the forecast period. Truck platooninginvolves high capital costs, which becomes an entry barrier. Asia-Pacific isexpected to be the second largest market during the forecast period due toimmense demand of commercial vehicles in India. With the increase in demand ofcommercial vehicles, there has been growth in the truck platooning market. Thesafety and minimum driving efforts with easy transportation for achieving thedesired automated vehicles generates the need for adoption of advancedtechnologies, such as platooning.
Scope of the Report
This study provides an overview of theglobal truck platooning market, tracking three market segments across fourgeographic regions. The report studies key players, providing a five-yearannual trend analysis that highlights market size, volume and share for NorthAmerica, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The reportalso provides a forecast, focusing on the market opportunities for the nextfive years for each region. The scope of the study segments the global truckplatooning’s market by its component, technology, vehicle type, and region.
By Component
Forward-Looking Camera
System Display with Rear Time Camera
Driver-Centric Design
RADAR Base Collision Mitigation
By Technology
Acceleration & Braking Controller
GPS
Cellular & Wi-Fi communication
DSRS Vehicle To Vehicle Communication
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
By Region
North America
Europe
Asia-Pacific
Rest of the World
Key Players
The key players in truck platooning market are Daimler AG(Germany), Scania AB (Sweden), AB Volvo (Sweden), Peloton Technology (US),Navistar International Corporation (US), and Meritor Wabco (Auburn Hills).Bendix Commercial Vehicles Systems LLC (Ohio), Continental AG (Germany), DelphiAutomotive PLC (Dublin), and OTTO Technologies (San Francisco) are amongothers.
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