Forencis Research Truck Platooning Market 2019-2024

Truck Platooning Market to Have Good Business
Opportunities in The Coming Years
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.
Truck Platooning Market: Report Synopsis
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.