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PUBLISHER: IMARC | PRODUCT CODE: 1291605
PUBLISHER: IMARC | PRODUCT CODE: 1291605
Truck Platooning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global truck platooning market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group 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:
IMARC Group 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?
Product Code: SR112023A5281
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
- 11.1.1 United States
- 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
- 11.2.1 China
- 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
- 11.3.1 Germany
- 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
- 11.4.1 Brazil
- 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
- 16.3.1 AB Volvo
Product Code: SR112023A5281
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
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