Truck platooning is an automated driving technology that tethers multiple trucks together on the road. This technology is able to reduce fuel costs and CO2 emissions, while supporting more efficient fleet operations. The benefits of truck platooning are numerous, including reduced air drag and improved fuel efficiency. It also reduces traffic congestion by allowing trucks to pass one another faster. Aside from the fuel savings, it can increase safety on the road as the vehicles in a platoon are able to react faster than individual trucks.

Market Dynamics:

The increased investments in automotive R&D, growing demand for autonomous and intelligent transportation, and rising sales of EVs are the factors expected to propel growth of the global truck platooning market during the forecast period.

However, high costs associated with the installation of these technologies, and a lack of infrastructure to support the technology is expected to obstruct growth of the global truck platooning market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global truck platooning market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global truck platooning market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include AB Volvo, Scania AB, Continental AG, Peloton Technology, and Daimler AG among others
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global truck platooning market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global truck platooning market

Detailed Segmentation:

• Global Truck Platooning Market, By Technology:
  • Adaptive Cruise Control (ACC)
  • Blind Spot Warning (BSW)
  • Global Positioning System (GPS)
  • Forward Collision Warning (FCW)
  • Lane Keep Assist (LKA)
  • Others
• Global Truck Platooning Market, By Platooning Type:
  • Driver-Assistive Tuck Platooning (DATP)
  • Autonomous Truck Platooning
• Global Truck Platooning Market, By Communication Technology:
  • V2I (Vehicle-to-infrastructure)
  • V2V (Vehicle-to-vehicle)
  • V2X(Vehicle-to-everything)
• Global Truck Platooning Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles:
  • AB Volvo
  • Scania AB
  • Continental AG
  • Peloton Technology
  • Daimler AG