The global truck platooning market is anticipated to grow at an exponential CAGR of 28.9% during the forecast period. One of the key factors that are fueling the market is the support from the various government via promoting it, supporting it, and testing it. For instance, in April 2022, the European Commission published a report “Analysis of market needs, business models and life-cycle environmental impacts of multi-brand platooning” for analyzing multi-brand platooning. The government of various regions is making rules for supporting the adoption and testing of platooning technology of trucks on roadways due to its benefits such as reduced emission of harmful gases, fuel consumption, less traffic congestion, and others.
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For instance, in May 2020, the US States, Arizona, Texas, and Utah confirmed the allowance of automated follower truck platooning. Moreover, the Ministry of transportation in Ontario, Canada, incorporated the development of its pilot project for evaluating and testing the automated truck and vehicle platooning technology on Ontario roadways. Such supportive government initiatives to test truck platooning technology are anticipated to offer exponential growth and show great future potential in the market in upcoming years.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Technology Type
- By Autonomous Level
- By Communication Technology
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Mercedes-Benz Group AG, PACCAR Holding B.V. (DAF), Peloton Technology, Scania CV AB, Volvo Group, and others.
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Truck Platooning Market Report Segment
By Technology Type
- Adaptive Cruise Control (ACC)
- Blind Spot Warning (BSW)
- Global Positioning System (GPS)
- Forward Collision Warning (FCW)
- Lane Keep Assist (LKA)
- Others (Active Brake Assist (ABA))
By Autonomous Level
- Semi-Autonomous
- Full-Autonomous
By Communication Technology
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Infrastructure (V2I)
- Global Positioning System (GPS)
Truck Platooning Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Continental AG
- Delphi Powertrain Systems Operations Luxembourg S. à r.l.
- Knorr-Bremse AG
- Navistar, Inc.
- NVIDIA
- Robert Bosch GmbH
- ZF Friedrichshafen AG
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