Automotive Platooning Systems Market Share and Key Trends 2016-2026 FMI | Page 3

Report
Description
Report Description
The automotive platooning systems is defined as the collection of vehicles that travel
together and which are in active coordination with each other. The vehicle platooning
system uses different technologies to attain safe and competent transport. Platooning
systems decrease the distance between two vehicles using electronic and mechanical
coupling. This system allows the vehicles to accelerate or brake simultaneously. In
addition to this, there are many advantages of automotive platooning systems. Some of
them are increased traffic and fuel efficiency, more safety and driver comfort. There has
been a lot of research and development activities over the past few years to make this
concept a reality. The major players are also participating in several projects such as
SARTRE, PATH, GCDC, Energy ITS, and many more, where this technique is tested and
verified. The automotive platooning system is expected to be very lucrative market in the
upcoming years.
Automotive Platooning Systems Market: Drivers and Restraints
One of the major driver for growth in the automotive platooning systems market is its
added advantages such as great fuel economy, less traffic collisions and reduced
congestion. The increasing automotive manufacturing is expected to boost the demand
for automotive platooning systems, thus driving the global automotive platooning
systems market. The major players in automotive platooning systems market are heavily
investing in the development of platooning technology. The major challenges for the
automotive platooning systems market are impaired drivers, technical errors of the
vehicles and implementing new applications in existing road infrastructures.