Truck Platooning - Global Strategic Business Report

The global market for Truck Platooning was estimated at US$3.2 Billion in 2024 and is projected to reach US$12.9 Billion by 2030, growing at a CAGR of 26.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Truck Platooning market.

Global 'Truck Platooning' Market - Key Trends & Drivers Summarized

What's Fueling the Surge in Truck Platooning Adoption Across Global Freight Logistics?

Truck platooning, a revolutionary advancement in freight transportation, is witnessing growing momentum globally due to the convergence of automation, connectivity, and sustainability goals. At its core, truck platooning leverages vehicle-to-vehicle (V2V) communication to allow two or more trucks to drive in close proximity, with only the lead truck actively steered by a driver while the others follow autonomously. This synchronization dramatically reduces aerodynamic drag and fuel consumption. As nations grapple with tightening emissions regulations and rising fuel costs, platooning is seen as a potent solution for decarbonizing road freight. Countries like the U.S., Germany, and Japan have already begun experimenting with platooning corridors, supported by substantial government funding and public-private partnerships. Technology companies and OEMs are increasingly aligning their R&D efforts to refine autonomous braking systems, adaptive cruise control, and AI-enabled sensor fusion to ensure safety and efficiency in platooning operations. The inclusion of real-time data analytics, edge computing, and 5G is amplifying platooning's capabilities, making real-time adjustments possible and significantly improving convoy control. Major logistics firms are integrating platooning into their long-haul freight strategies, as it optimizes delivery times while lowering driver fatigue. The pandemic-induced acceleration of digitization in supply chains has also nudged logistics players toward intelligent, connected transport systems. This systemic shift underscores a foundational transformation in freight operations, setting the stage for the broader deployment of platooning networks in the near future.

Can Regulatory Tailwinds and Safety Innovations Accelerate Market Maturity?

Government support remains a linchpin in truck platooning's advancement, with several countries proactively shaping regulatory frameworks to accommodate semi-autonomous driving technologies. Safety, being paramount, has inspired stringent testing protocols and pilot deployments on highways, designed to build public trust and validate system reliability. For instance, the European Truck Platooning Challenge fostered cross-border collaboration to harmonize platooning standards across the EU. Similarly, the U.S. Department of Transportation has introduced guidelines that balance innovation with risk mitigation. These moves are bolstered by insurance and fleet management companies, which are recalibrating their models to include platooning-based risk variables. Additionally, the convergence of artificial intelligence with telematics and fleet optimization tools is improving situational awareness and reducing the scope for human error. Innovations like lane-keeping assistance, emergency braking, and advanced driver-monitoring systems are being layered onto platooning setups, helping fleets meet evolving safety benchmarks. The increasing involvement of Tier 1 suppliers, startups, and AI firms in refining these auxiliary technologies is pushing the market beyond conceptual pilots to scalable deployments. Moreover, as truck OEMs embed platooning as a native capability in new models, fleet operators are finding fewer barriers to adoption. The synchronization of regulatory clarity, technological maturity, and cost-saving incentives is thus forming a strong foundation for this market's exponential growth trajectory.

How Are Market Players and Logistics Giants Redefining Freight Economics?

The commercial viability of truck platooning is now attracting diversified investment from both traditional logistics giants and technology-led disruptors. Industry leaders such as Daimler, Volvo, and Scania are partnering with AI and telecom firms to fast-track platooning-ready truck production. Meanwhile, companies like Peloton Technology and Locomation are building proprietary systems that integrate AI-driven autonomy with real-time fleet orchestration. Logistics providers, eager to cut costs and reduce their carbon footprint, are increasingly integrating platooning in route planning and asset utilization strategies. The economics of platooning is compelling: fuel savings of up to 10%, enhanced tire longevity, and decreased driver-related expenses make a strong case for ROI. Additionally, the driver shortage crisis in North America and parts of Europe has made platooning attractive, as it allows for more efficient driver scheduling and reduces operational downtime. Pilot projects in dense freight corridors like the I-10 in the U.S. or the North Sea-Mediterranean network in Europe are generating valuable data, helping firms to model long-term deployment strategies. Data monetization through vehicle telemetry and predictive maintenance is also emerging as a revenue stream for OEMs and tech vendors alike. As cost structures evolve, strategic alliances are forming between logistics providers, OEMs, and tech startups to co-develop platforms and share risk. These collaborations are not only enabling the transition from prototype to mass-market application but are also redefining operational paradigms in road freight.

The Growth in the Truck Platooning Market Is Driven by Several Factors…

The upward trajectory of the truck platooning market is shaped by a multifaceted mix of technological innovations, evolving logistics strategies, and shifting consumer and industry behaviors. Technologically, advances in vehicle connectivity protocols, particularly DSRC (Dedicated Short Range Communications) and emerging 5G networks, have enabled ultra-low latency communication necessary for safe platooning. The sophistication of autonomous driving software and onboard sensors, including LiDAR, radar, and computer vision systems, has drastically improved the functional reliability of platoons in varied traffic scenarios. From an end-use perspective, long-haul freight operators are embracing platooning as a tool for maximizing fleet productivity and reducing fuel dependency amid volatile global oil prices. Additionally, e-commerce growth has triggered an explosion in regional distribution needs, making time-sensitive and cost-efficient logistics models like platooning highly attractive. On the behavioral front, rising environmental consciousness among consumers is pressuring logistics companies to adopt sustainable practices, including emissions reduction strategies supported by platooning. Furthermore,>

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Adaptive Cruise Control segment, which is expected to reach US$3.4 Billion by 2030 with a CAGR of a 23.8%. The Blind Spot Warning segment is also set to grow at 23.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $867.4 Million in 2024, and China, forecasted to grow at an impressive 34.1% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Truck Platooning Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Truck Platooning Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Truck Platooning Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as AB Volvo, Aptiv PLC, Aurora Innovation, Bendix Commercial Vehicle Systems, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Truck Platooning market report include:

• AB Volvo
• Aptiv PLC
• Aurora Innovation
• Bendix Commercial Vehicle Systems
• Continental AG
• Cohda Wireless
• Daimler Truck AG
• DAF Trucks N.V. (PACCAR Inc.)
• Einride
• Hino Motors Ltd. (Toyota Group)
• Hyundai Motor Company
• Intel Corporation
• Iveco Group N.V.
• Knorr-Bremse AG
• Kodiak Robotics
• Kratos Defense & Security Solutions
• MAN Truck & Bus SE (Traton SE)
• Navistar International Corporation
• NXP Semiconductors N.V.
• Peloton Technology

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.