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Truck Platooning Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828499
  • Report
  • Region: Global
  • 263 pages
  • Allied Analytics LLP
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Platoon-capable vehicle refers to the vehicle equipped with number of sensors, and communication technology to inform the vehicle about status of others vehicle in fleet and surrounding traffic. In some conditions, two or more trucks, capable of partial automation technology can be electronically linked for synchronized longitudinal control of the vehicle in safe manner. For some years, truck manufacturers are providing technologies such as lane keeping assist (LKA) and adaptive cruise control (ACC). In recent days, leading truck manufacturers such as DAF, Volvo, and others are offering these technologies as standard equipment. Adaptive cruise control works in a similar manner to cruise control, but it adds up to the functionality to keep track of relative distance from the vehicle in front using radar and lidar.

Truck platooning is anticipated to witness significant growth over the years, owing to supportive government regulations for platooning.

The global truck platooning market is segmented based on technology, platooning type, communication technology, and region. Based on technology, the market is classified into adaptive cruise control (ACC), blind spot warning (BSW), global positioning system (GPS), forward collision warning (FCW), lane keep assist (LKA), and others. Based on platooning type, the market is categorized into driver-assistive tuck platooning (DATP) and autonomous truck platooning. Communication technology is further segmented as vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), and vehicle-to-everything (V2X). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the truck platooning market include AB Volvo, Bendix Commercial Vehicles Systems LLC, Continental AG, Daimler AG, Delphi Automotive PLC, Meritor Wabco, Navistar International Corporation, OTTO Technologies, Peloton Technology, Scania AB, and others.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global truck platooning market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

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

By Platooning Type
o Driver-Assistive Tuck Platooning (DATP)
o Autonomous Truck Platooning

By Platooning Type
o Vehicle-to-infrastructure (V2I)
o Vehicle-to-vehicle (V2V)
o Vehicle-to-everything (V2X)

By Region
o North America
U.S.
Canada
Mexico
o Europe
UK
Germany
Russia
France
Rest of Europe
o Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
o LAMEA
Latin America
Middle East
Africa
Note: Product cover images may vary from those shown
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Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market share analysis (2017)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rising government rules for emission reduction from transport sector
3.5.1.2. Reduction in Fuel consumption
3.5.1.3. Supportive government rules for platooning
3.5.2. Restraint
3.5.2.1. High cost of platooning technology
3.5.2.2. Rising security and privacy concerns
3.5.3. Opportunities
3.5.3.1. Production of fully autonomous trucks for platooning
3.5.3.2. Extension in size of truck platooning fleet

Chapter: 4: TRUCK PLATOONING MARKET, BY TECHNOLOGY
4.1. Overview
4.2. ADAPTIVE CRUISE CONTROL (ACC)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. BLIND SPOT WARNING (BSW)
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Global positioning system (GPS)
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. FORWARD COLLISION WARNING (FCW)
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
4.6. Lane Keep Assist (LKA)
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis by country
4.7. Others
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis by country

Chapter: 5: TRUCK PLATOONING MARKET, BY PLATOONING TYPE
5.1. Overview
5.2. Driver-Assistive Tuck Platooning (DATP)
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Autonomous Truck Platooning
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

Chapter: 6: TRUCK PLATOONING MARKET, BY COMMUNICATION TECHNOLOGY
6.1. Overview
6.2. Vehicle-to-infrastructure (V2I)
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Vehicle-to-vehicle (V2V)
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. Vehicle-to-everything (V2X)
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

Chapter: 7: TRUCK PLATOONING MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by technology
7.2.3. Market size and forecast, by platooning type
7.2.4. Market size and forecast, by technology
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by technology
7.2.5.1.2. Market size and forecast, by platooning type
7.2.5.1.3. Market size and forecast, by communication technology
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by technology
7.2.5.2.2. Market size and forecast, by platooning type
7.2.5.2.3. Market size and forecast, by communication technology
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by technology
7.2.5.3.2. Market size and forecast, by platooning type
7.2.5.3.3. Market size and forecast, by communication technology
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by technology
7.3.3. Market size and forecast, by platooning type
7.3.4. Market size and forecast, by technology
7.3.5. Market analysis by country
7.3.5.1. U.K.
7.3.5.1.1. Market size and forecast, by technology
7.3.5.1.2. Market size and forecast, by platooning type
7.3.5.1.3. Market size and forecast, by communication technology
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by technology
7.3.5.2.2. Market size and forecast, by platooning type
7.3.5.2.3. Market size and forecast, by communication technology
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by technology
7.3.5.3.2. Market size and forecast, by platooning type
7.3.5.3.3. Market size and forecast, by communication technology
7.3.5.4. Russia
7.3.5.4.1. Market size and forecast, by technology
7.3.5.4.2. Market size and forecast, by platooning type
7.3.5.4.3. Market size and forecast, by communication technology
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by technology
7.3.5.5.2. Market size and forecast, by platooning type
7.3.5.5.3. Market size and forecast, by communication technology
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by technology
7.4.3. Market size and forecast, by platooning type
7.4.4. Market size and forecast, by communication technology
7.4.5. Market analysis by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by technology
7.4.5.1.2. Market size and forecast, by platooning type
7.4.5.1.3. Market size and forecast, by communication technology
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by technology
7.4.5.2.2. Market size and forecast, by platooning type
7.4.5.2.3. Market size and forecast, by communication technology
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by technology
7.4.5.3.2. Market size and forecast, by platooning type
7.4.5.3.3. Market size and forecast, by communication technology
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by technology
7.4.5.4.2. Market size and forecast, by platooning type
7.4.5.4.3. Market size and forecast, by communication technology
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by technology
7.4.5.5.2. Market size and forecast, by platooning type
7.4.5.5.3. Market size and forecast, by communication technology
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by technology
7.5.3. Market size and forecast, by platooning type
7.5.4. Market size and forecast, by communication technology
7.5.5. Market analysis by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by technology
7.5.5.1.2. Market size and forecast, by platooning type
7.5.5.1.3. Market size and forecast, by communication technology
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by technology
7.5.5.2.2. Market size and forecast, by platooning type
7.5.5.2.3. Market size and forecast, by communication technology
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by technology
7.5.5.3.2. Market size and forecast, by platooning type
7.5.5.3.3. Market size and forecast, by communication technology

Chapter: 8: COMPANY PROFILES
8.1. Bendix
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.2. AB Volvo
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. Continental AG
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments
8.4. Daimler AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments
8.5. Delphi Technologies
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.6. Wabco
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.7. Navistar, Inc.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.8. DAF Trucks
8.8.1. Company overview
8.8.2. Company snapshot
8.9. Peloton Technology
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Key strategic moves and developments
8.10. Scania AB
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments

*Full List of Tables and Figures Available on Enquiry.

Note: Product cover images may vary from those shown
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According to this report titled,'Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025', the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.

At present, North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global truck platooning market share in 2017, whereas Mexico is expected to grow at a significant rate in U.S. during the forecast period.

Truck platooning technology and adoption of autonomous trucks have remarkable advantages such as reduction in fuel consumption, fuel efficiency, and others. Driver assistive truck platooning has been tested with success and might be introduced on roads as early as 2019. For instance, in April 2016, six 2 or 3 truck platoons arrived in Netherlands for the European Truck Platooning Challenge (ETPC). In this extensive test, six platoons successfully drove several 1,000 kilometers on trans-European Road Network, crossing multiple national borders. According to this test, it was clear that truck platooning is possible with two or more trucks from same brand on pubic roads.

According to the research by National Renewable Energy Laboratory affiliated with U.S. Department of Energy, trailing vehicles in the platoon benefits from fuel saving around 9.7%, while the leading vehicle benefits on fuel consumption by consuming 5.3% less fuel due to the resulting vacuum effect. In the coming years, the trucks will be fully autonomous, and the leading truck will also take control of the driving. Driver in the tailing trucks in the platoon will no longer be needed. In addition, development of autonomous technology is accelerating, and the new range of trucks are coming equipped with certain level of automation technology such as micro-video camera, radars and advanced communication technology.

In platooning, two or more trucks drive closely following each other at possibly high speed. A small distance between the trucks is required to obtain significant reduced fuel consumption through increased aerodynamics and correspondingly reduced air drag. To ensure that the gap is small between the vehicles at high speed, platooning trucks require a certain level of automation. This automation is divided into different levels of automation by the National Highway Traffic Safety Administration (NHTSA) and Society of Automotive Engineers (SAE). As of now, the market is in early stage of partial automation and on the verge of developing to more conditional automated vehicles.

Factors such as rise in government rules for emission from transport sector and reduction in fuel consumption drive the growth of the truck platooning market. In addition, truck platooning industry experiences growth owing to supportive government rules for platooning. However, high cost of platooning technology and rise in security and privacy concerns are the factors anticipated to hinder the growth of the truck platooning market. Furthermore, production of fully autonomous trucks for platooning and extension in size of truck platooning fleet is expected to provide a remarkable growth opportunity for the players operating in the truck platooning industry. In addition

Key Findings of the Truck Platooning Market:

Based on technology, the adaptive cruise control (ACC) segment generated the highest revenue in 2017.
Based on platooning type, the driver-assistive tuck platooning (DATP) segment was the highest revenue contributor in 2017.
Based on communication technology, vehicle-to-vehicle (V2V) segment generated the highest revenue in 2017.
Based on region, Mexico is anticipated to exhibit the highest CAGR during the forecast period.
According to truck platooning market analysis, in 2017, North America contributed the highest market revenue, followed by Europe, Asia-Pacific, and LAMEA.

The key players analyzed in this report are AB Volvo, Bendix Commercial Vehicles Systems LLC, Continental AG, Daimler AG, Delphi Automotive PLC, Meritor Wabco, Navistar International Corporation, OTTO Technologies, Peloton Technology, Scania AB, and others.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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