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Truck Platooning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 138 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820777
Description Jump to:
The global truck platooning market size reached US$ 2.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 10.0 Billion by 2028, exhibiting a growth rate (CAGR) of 28.3% during 2023-2028.

Truck platooning involves the linking of multiple trucks in a convoy through the utilization of modern technologies. It generally employs vehicle-to-vehicle (V2V) communication, radar and sensor technologies for maintaining a close distance between numerous trucks. The deployment of these solutions aids in minimizing greenhouse gas (GHG) emissions and fuel consumption while improving the overall safety of automobiles. Apart from this, truck platooning also streamlines various processes for maintaining an efficient transportation system, which further results in the reduction of traffic congestion.

Truck Platooning Market Trends:

The global market is primarily driven by continual technological advancements in the automotive sector. This is further supported by the rising adoption of automated technologies and the implementation of Internet of Things (IoT)-enabled devices in various vehicles. For instance, the rising integration of automated driving assistance systems (ADAS) with trucks is creating a positive outlook for the market. Additionally, the growing environmental concerns among the masses are positively influencing the market growth. Moreover, the implementation of stringent traffic safety norms across the globe due to the increasing incidences of road accidents is also providing a boost to the market growth as truck platooning helps prevent accidents caused due to driver errors. Apart from this, the increasing number of infrastructural development projects and continuous improvements in commercial operations across the logistics sector are considered to be major growth-inducing factors. Furthermore, the development of autonomous and semi-autonomous trucks that can help reduce transportation costs while improving supply chain efficiency is expected to create a favorable market scenario. Other factors, including rapid digitization and industrialization, increasing investments by public and private firms in product innovation and extensive research and development (R&D) activities conducted by key players, are further projected to drive the market growth on the global level.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global truck platooning market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on platooning type, communication technology, technology, services and sensor type.

Breakup by Platooning Type:

  • Driver-Assistive Tuck Platooning (DATP)
  • Autonomous Truck Platooning

Breakup by Communication Technology:

  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Everything (V2X)

Breakup by Technology:

  • Adaptive Cruise Control (ACC)
  • Blind Spot Warning (BSW)
  • Global Positioning System (GPS)
  • Forward Collision Warning (FCW)
  • Lane Keep Assist (LKA)
  • Others

Breakup by Services:

  • Telematics-Based Services
  • Automatic Crash Notification
  • Emergency Calling
  • Navigation and Infotainment
  • On-Road Assistance
  • Remote Diagnostics
  • Vehicle Tracking
  • Platooning-Based Services
  • Pricing
  • Financial Transaction
  • Match Making

Breakup by Sensor Type:

  • Image Sensor
  • Radar Sensor
  • LiDAR Sensor

Breakup by Region:

North America

  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Aptiv PLC, Continental Aktiengesellschaft, DAF Trucks N.V. (PACCAR Inc.), Hino Motors Ltd. (Toyota Motor Corporation), Intel Corporation, Iveco Group N.V., Knorr-Bremse Aktiengesellschaft (Kb Holding GmbH), Peloton Technology, Robert Bosch GmbH, Scania AB (Traton SE) and ZF Friedrichshafen AG (Zeppelin-Stiftung).

Key Questions Answered in This Report:

  • How has the global truck platooning market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global truck platooning market?
  • What are the key regional markets?
  • What is the breakup of the market based on the platooning type?
  • What is the breakup of the market based on the communication technology?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the services?
  • What is the breakup of the market based on the sensor type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global truck platooning market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Truck Platooning Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Platooning Type
6.1 Driver-Assistive Tuck Platooning (DATP)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Autonomous Truck Platooning
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Communication Technology
7.1 Vehicle-To-Infrastructure (V2I)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Vehicle-To-Vehicle (V2V)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Vehicle-To-Everything (V2X)
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Technology
8.1 Adaptive Cruise Control (ACC)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Blind Spot Warning (BSW)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Global Positioning System (GPS)
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Forward Collision Warning (FCW)
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Lane Keep Assist (LKA)
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Services
9.1 Telematics-Based Services
9.1.1 Market Trends
9.1.2 Key Segments
9.1.2.1 Automatic Crash Notification
9.1.2.2 Emergency Calling
9.1.2.3 Navigation and Infotainment
9.1.2.4 On-Road Assistance
9.1.2.5 Remote Diagnostics
9.1.2.6 Vehicle Tracking
9.1.3 Market Forecast
9.2 Platooning-Based Services
9.2.1 Market Trends
9.2.2 Key Segments
9.2.2.1 Pricing
9.2.2.2 Financial Transaction
9.2.2.3 Match Making
9.2.3 Market Forecast
10 Market Breakup by Sensor Type
10.1 Image Sensor
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Radar Sensor
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 LiDAR Sensor
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 AB Volvo
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Aptiv PLC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Continental Aktiengesellschaft
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 DAF Trucks N.V. (PACCAR Inc.)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Hino Motors Ltd. (Toyota Motor Corporation)
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Intel Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Iveco Group N.V.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Knorr-Bremse Aktiengesellschaft (Kb Holding GmbH)
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Peloton Technology
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Robert Bosch GmbH
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Scania AB (Traton SE)
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 SWOT Analysis
16.3.12 ZF Friedrichshafen AG (Zeppelin-Stiftung)
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Truck Platooning Market: Major Drivers and Challenges
Figure 2: Global: Truck Platooning Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Truck Platooning Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Truck Platooning Market: Breakup by Platooning Type (in %), 2022
Figure 5: Global: Truck Platooning Market: Breakup by Communication Technology (in %), 2022
Figure 6: Global: Truck Platooning Market: Breakup by Technology (in %), 2022
Figure 7: Global: Truck Platooning Market: Breakup by Services (in %), 2022
Figure 8: Global: Truck Platooning Market: Breakup by Sensor Type (in %), 2022
Figure 9: Global: Truck Platooning Market: Breakup by Region (in %), 2022
Figure 10: Global: Truck Platooning (Driver-Assistive Tuck Platooning-DATP) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Truck Platooning (Driver-Assistive Tuck Platooning-DATP) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Truck Platooning (Autonomous Truck Platooning) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Truck Platooning (Autonomous Truck Platooning) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Truck Platooning (Vehicle-To-Infrastructure-V2I) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Truck Platooning (Vehicle-To-Infrastructure-V2I) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Truck Platooning (Vehicle-To-Vehicle-V2V) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Truck Platooning (Vehicle-To-Vehicle-V2V) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Truck Platooning (Vehicle-To-Everything-V2X) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Truck Platooning (Vehicle-To-Everything-V2X) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Truck Platooning (Adaptive Cruise Control-ACC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Truck Platooning (Adaptive Cruise Control-ACC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Truck Platooning (Blind Spot Warning-BSW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Truck Platooning (Blind Spot Warning-BSW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Truck Platooning (Global Positioning System-GPS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Truck Platooning (Global Positioning System-GPS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Truck Platooning (Forward Collision Warning-FCW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Truck Platooning (Forward Collision Warning-FCW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Truck Platooning (Lane Keep Assist-LKA) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Truck Platooning (Lane Keep Assist-LKA) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Truck Platooning (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Truck Platooning (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Truck Platooning (Telematics-Based Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Truck Platooning (Telematics-Based Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Truck Platooning (Platooning-Based Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Truck Platooning (Platooning-Based Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Truck Platooning (Image Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Truck Platooning (Image Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Truck Platooning (Radar Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Truck Platooning (Radar Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Truck Platooning (LiDAR Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Truck Platooning (LiDAR Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Truck Platooning Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Truck Platooning Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Truck Platooning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Truck Platooning Industry: SWOT Analysis
Figure 92: Global: Truck Platooning Industry: Value Chain Analysis
Figure 93: Global: Truck Platooning Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Truck Platooning Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Truck Platooning Market Forecast: Breakup by Platooning Type (in Million US$), 2023-2028
Table 3: Global: Truck Platooning Market Forecast: Breakup by Communication Technology (in Million US$), 2023-2028
Table 4: Global: Truck Platooning Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Truck Platooning Market Forecast: Breakup by Services (in Million US$), 2023-2028
Table 6: Global: Truck Platooning Market Forecast: Breakup by Sensor Type (in Million US$), 2023-2028
Table 7: Global: Truck Platooning Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Truck Platooning Market: Competitive Structure
Table 9: Global: Truck Platooning Market: Key Players

Companies Mentioned

  • AB Volvo
  • Aptiv PLC
  • Continental Aktiengesellschaft
  • DAF Trucks N.V. (PACCAR Inc.)
  • Hino Motors Ltd. (Toyota Motor Corporation)
  • Intel Corporation
  • Iveco Group N.V.
  • Knorr-Bremse Aktiengesellschaft (Kb Holding GmbH)
  • Peloton Technology
  • Robert Bosch GmbH
  • Scania AB (Traton SE) and ZF Friedrichshafen AG (Zeppelin-Stiftung).

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 2.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 10 Billion
Compound Annual Growth Rate26.9%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Market

Truck Platooning is a form of Telematics and Vehicle Electronics that enables a convoy of trucks to travel together in a close formation. The lead truck is driven by a human driver, while the following trucks are autonomously controlled by a computer system. This system allows the trucks to maintain a safe distance between each other, while also reducing fuel consumption and emissions. The technology also allows for improved communication between the trucks, allowing for better coordination and smoother driving. The Truck Platooning market is growing rapidly, as the technology is becoming increasingly popular among trucking companies. The technology is seen as a way to improve safety, reduce costs, and increase efficiency. It is also seen as a way to reduce traffic congestion and improve the overall flow of traffic. Some of the companies in the Truck Platooning market include Peloton Technology, Starsky Robotics, TuSimple, and Daimler. Show Less Read more

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