Global Truck Platoon Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Truck platooning is a technique, of linking two or more trucks in-group using mechanical driving support systems and connectivity technology. For convinced parts of a journey, these vehicles automatically maintain a set, close distance between each other. The truck leading in the platoon takes control of the speed and direction of other vehicles (trailing vehicle).
The factors that are playing a major role in the growth of Truck Platoon Market are growth in new businesses as if logistics service providers, road construction business, transportation, information, and rising wireless communication technology. Moreover, it makes road transport more efficient, safer, and cleaner are another factor driving overall market.
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Truck Platoon Market is segmented based on components, technology, vehicle type, and region. Components such as RADAR Base Collision Mitigation, Forward Looking Camera, Driver-Centric Design, and System Display with Rear Time Camera classify Truck Platoon Industry. RADAR base collision mitigation segment accounts for the largest market share of Truck Platoon Industry and is estimated to lead the overall market in the years to come. The reason being, the system aid in lane change assistance, blind spot monitoring, and pedestrian protection system. Forward Looking Camera and Driver-Centric Design follow suit.
Technology such as DSRS Vehicle to Vehicle Communication, Acceleration & Braking Controller, and Cellular & Wi-Fi Communication classify the market. DSRS Vehicle to Vehicle Communication is a major segment that accounts for the largest market share of Truck Platoon Industry and is estimated to lead the overall market in the year to come. Vehicle type such as Light Trucks, Heavy trucks, and others classify industry. Truck Platoon Market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Europe accounts for the largest market share of Truck Platoon Industry and is estimated to lead the overall market in the years to come. The reason being, it holds high potential for the truck platooning system and smart mobility and developed ICT infrastructure. Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come.
The key players of Truck Platoon Market are MAN Truck & Bus, Peloton technology, IVECO, Volvo Group, Continental AG, Scania, DAF, Daimler, Bendix Commercial Vehicles Systems, Navistar, Uber, and Toyota. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Truck Platoon in these regions, from 2012 to 2022 (forecast), covering
• United States
• South Korea
Global Truck Platoon market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Peloton Technology
• Volvo Group
• Bendix Commercial Vehicles Systems
• Continental AG
• MAN Truck & Bus
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Truck Platoon for each application, including
• Heavy Trucks
• Light Trucks
Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/automotive-and-transport
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