The global Truck Platooning market research report forecast to 2028 has been recently published by Reports and Data to help user understand the current market scenario. The report offers a detailed analysis of market size, revenue growth, emerging trends, top companies, market drivers, restraints, opportunities, limitations that the global Truck Platooning market is expected to offer during the forecast period. The data is obtained through extensive primary and secondary research which is further verified by industry experts. This data is represented using various charts, tables and graphs which makes it easier for the reader. It also provides complete analysis of the global Truck Platooning market with details about statistical tools such as SWOT and Porter’s Five Forces analysis. The report shed light on various top companies in the market.
The global Truck Platooning market size was USD 641.9 Million in 2020 and is expected to reach a value of USD 4,604.4 Million by 2028, and register a CAGR of 28.5% during the forecast period.
Bendix (U.S.), A B Volvo (Sweden), Continental AG (Germany), Daimler AG (Germany), Aptiv PLC (Ireland), Wabco (France), Navistar, Inc. (U.S.), DAF Trucks (Netherlands), Peloton Technology (U.S.), and Scania AB(Sweden) are some leading companies operating in the global Truck Platooning market.
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The information and communication technology sector is expected to observe a robust revenue growth over the forecast period. Factors such as technological advancements in AI and robotics, increasing innovations, growing need for high data security, large data management are fueling market development. Availability of variety of devices such as computers, smartphones, softwares and growing usage of internet is boosting overall growth of the information and communication technology. In addition, growing adoption of IOT and cloud based systems, increasing demand for technologically advanced devices, and change in consumer preference are some significant factors fueling market growth.
Competitive landscape of global Truck Platooning market is quite fragmented with regional and global key players. They are often involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to sustain their market position and expand their product portfolio.
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Technology (Revenue, USD Million; 2018–2028)
- Adaptive Cruise Control
- Forward Collision Avoidance Mitigation
- Lane Departure Warning
- Active Brake Assist
- Blind Spot Warning
- Global Positioning System
- Autonomous Emergency Braking
- Others
Communication Technology (Revenue, USD Million; 2018–2028)
- V2V
- V2I
- Global Positioning System (GPS)
Platooning Type (Revenue, USD Million; 2018–2028)
- Driver Assistive Truck Platooning (DATP)
- Autonomous Truck Platooning
Services (Revenue, USD Million; 2018–2028)
- Telematics based
- Platooning based
Regional Outlook (Revenue in USD Million; 2018–2028)
- North America
- Europe
- Asia Pacific
- Rest of the World
Key questions addressed in the global Truck Platooning market report:
- What revenue CAGR is the global Truck Platooning market projected to register throughout the forecast period?
- Which leading companies are operating in the global Truck Platooning market?
- Which region is expected to account for largest revenue growth over the forecast period?
- What are the key drivers that are expected to fuel the global market?
- What are the key outcomes of Porter’s Five Force analysis of the global Truck Platooning market?
- What are the key restraints expected to hamper global market growth?
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