Stringent environment regulations, innovation in platooning technologies, and the growing sales of commercial vehicles. Platooning provides autonomous driving experience, which reduces driving efforts and the number of accidents as well as it improves operational efficiency are the major driving factors for the global Truck Platooning market.
Global Truck Platooning Market is segmented by Component (Forward Looking Camera, System Display with Rear Time Camera, RADAR Base Collision Mitigation), Technology (Acceleration & Braking Controller, DSRS V2V Communication) and Region.
Truck Platooning Market Key Players Analyzed in Report:
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), Delphi Automotive PLC (Dublin), and OTTO Technologies (San Francisco) are among others.
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Market Scenario:
The global Truck Platooning Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Truck Platooning Market. The market participants are trying to come up with advancements in the Truck Platooning.
Platooning is very useful in automotive industry with the aim to improve safety, fuel efficiency, and decrease pollution. Truck platooning caters to a number of trucks equipped with connectivity technology and automated driving support systems – one closely following another. The platoon works with the first truck acting as a leader and other vehicles behind the trucks adapting to the changes in the movement of the first trucks. The trucks maintain a set close distance between each other, which reduces the air drag and lowers fuel consumption and CO2 emissions. The vehicle manufacturers are developing new technologies such as automated driving support systems to improve the platooning technology and multi brand platooning.
Truck platooning is expected to increase the demand in sectors such as road development, transportation, logistics, and information technology because of the rising demand for automated technologies. The European government has taken several initiates to facilitate large-scale, cross-border transportation through truck platooning. Moreover, the European automakers have been working on truck platooning with help of only front truck driver in the future. However regulatory framework in Europe and road infrastructure will hinder the growth of the market.
Segmentation:
The global truck platooning market is segmented on the basis of component, technology, vehicle type. On the basis of components the market is segmented into forward looking camera, system display with rear time camera, driver-centric design, and radar base collision mitigation. On the basis of technology the market is segmented into acceleration & braking controller, GPS, cellular & Wi-Fi communication, dedicated short range communication V2V communication. On the basis of vehicle type the market is segmented into light commercial vehicle, and heavy commercial vehicle.
Regional Analysis:
On the basis of region, the market is segmented into the regions of North America, Asia-Pacific, Europe, and Rest of the World. Europe is expected to dominate the market in the future due to an increase in demand for smart mobility and automated driving system in countries such as UK, Germany, and France. Also, there has been an increase in sales of commercial vehicles in Europe, which has resulted in an increase in the market size of truck platooning. The increase in demand for safety, efficiency and road transport increases the demand for truck platooning in the region.
The report for global truck platooning market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Major Table of Contents:
Table 1 Global Truck Platooning Market: By Region, 2018–2023
Table 2 North America Truck Platooning Market: By Country, 2018–2023
Table 3 Europe Truck Platooning Market: By Country, 2018–2023
Table 4 Asia-Pacific Truck Platooning Market: By Country, 2018–2023
Table 5 RoW Truck Platooning Market: By Country, 2018–2023
Table 6 Global Truck Platooning Market, By Component, By Regions, 2018–2023
Table 7 North America Truck Platooning Market, By Component, By Country, 2018–2023
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Truck Platooning Market SHARE, By Component, 2016 (%)
Continued…
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