Truck Platooning Market – 2019 Size, Growth, Merger, Share, Trends, Competitive Analysis, Key Players, Regional, And Global Industry Forecast To 2023

Truck Platooning Market to Rise At 11% CAGR and reach remarkable value by 2023, according Global Truck Platooning Market Analysis Report published by Market Research Future. Global Truck Platooning Industry Report analyzes Market for Truck Platooning by Component, Technology, Region with Forecast to 2023.

Pune, India - July 5, 2019 /MarketersMedia/ —

Truck Platooning Market to Rise At 11% CAGR and reach remarkable value by 2023, according Global Truck Platooning Market Analysis Report published by Market Research Future. Platooning is an advanced vehicle technology where automated support system is tethered convoys of two or more trucks set closely together to reduce air drag and increase fuel efficiency. Global Truck Platooning Industry Report analyzes Market for Truck Platooning by Component (Forward Looking Camera, System Display with Rear Time Camera, RADAR Base Collision Mitigation), Technology (Acceleration & Braking Controller, DSRS V2V Communication), Region with Forecast to 2023.

Major Truck Platooning Companies covered in the market report include OTTO Technologies, Meritor Wabco, AB Volvo, Navistar International Corporation, Delphi Automotive PLC, Scania AB, Peloton Technology, Daimler AG, Bendix Commercial Vehicles Systems LLC, Continental AG, and others.

Free Sample “Truck Platooning Market Research Report – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/6278

Global Market Highlights:

The global truck platooning market is projected to expand at 11% CAGR over the forecast period (2018-2023), as per Market Research Future (MRFR). Truck platooning comprises a fleet of trucks driving in unison aided by advanced drivers’ systems. These platoons are gaining prominence in the transportation sector considering increasing pollution problems and need for effective measures to curb emission levels. Truck platooning benefits include efficient traffic flow, faster reacting time compared to human drivers, and low costs.

Factors to impact the truck platooning market are increased fuel efficiency, better support for automated & smart vehicles, less carbon discharge, stringent environmental regulations, better logistics & transportation facilities, enhanced information technology, hike in commercial vehicles sale, and others. The truck platooning market to score big in Europe owing to its better compliance with safety and environment-friendly laws. However, the natural growth can be daunted by regulatory frameworks and road infrastructure during the forecast period.

Although platooning technologies have a slow adoption rate, efforts by truck manufacturers to run platoon tests have had convincing results. This is exemplified by the EU truck platooning challenge in which six brands including Daimler Trucks ran on public roads in a uniform fashion without incident to the Netherlands. Between October and November 2018, concerted efforts between PIT Group, Auburn University, Transport Canada, and Minimax Express Transportation saw the first successful commercial vehicle platoon run. A sizeable distance between the trucks to allow other vehicles to cut through and ensure the regular flow of traffic would be monumental in future traffic management.

Truck Platooning Industry Segments:

The scope of the study segments the global truck platooning’s market by its component, technology, vehicle type, and region. It is further backed up by the data gathered by considering revenue generated by each segment.

Based on the components, the truck platooning market comprises forward looking camera, system display with rear time camera, driver-centric design, and radar-based collision mitigation. Latest technologies are giving traction to the radar-based collision mitigation segment.

Based on the technology, the truck platooning market includes GPS, cellular & Wi-Fi communication, acceleration & braking controller, and dedicated short range communication V2V communication. The GPS segment is gaining substantial mileage owing to its ability to provide real-time updates about the vehicle’s position.

Based on the vehicle type, the truck platooning market comprises light commercial vehicle, and heavy commercial vehicle.

Regional Analysis:

Based on region, the market is segmented by North America, Asia-Pacific, Europe, and Rest of the World.

The availability of automated technologies related to platooning in most regions has propelled the demand in the truck platooning market. Existence of major manufacturers in these regions along with their partnerships with the local players, over time, have widened the scope of the market in these regions. Europe region is expected to dominate the market during the forecast period. Truck platooning involves high capital costs, which becomes an entry barrier.

Asia-Pacific is expected to be the second largest market during the forecast period due to immense demand of commercial vehicles in India. With the increase in demand of commercial vehicles, there has been growth in the truck platooning market. The safety and minimum driving efforts with easy transportation for achieving the desired automated vehicles generates the need for adoption of advanced technologies, such as platooning.

TABLE OF CONTENTS:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Truck Platooning Market, By Component

5.1 Introduction

5.2 Forward Looking Camera

5.2.1 Market Estimates & Forecast, 2018–2023

5.2.2 Market Estimates & Forecast By Region, 2018–2023

5.3 System Display With Rear Time Camera

5.3.1 Market Estimates & Forecast, 2018–2023

5.3.2 Market Estimates & Forecast By Region, 2018–2023

5.4 Driver-Centric Design

5.4.1 Market Estimates & Forecast, 2018–2023

5.4.2 Market Estimates & Forecast By Region, 2018–2023

5.5 RADAR Base Collision Mitigation

5.5.1 Market Estimates & Forecast, 2018–2023

5.5.2 Market Estimates & Forecast By Region, 2018–2023

6 Global Truck Platooning Market, By Technology

6.1 Introduction

6.2 Acceleration & Braking Controller

6.2.1 Market Estimates & Forecast, 2018–2023

6.2.2 Market Estimates & Forecast By Region, 2018–2023

6.3 GPS

6.3.1 Market Estimates & Forecast, 2018–2023

6.3.2 Market Estimates & Forecast By Region, 2018–2023

6.4 Cellular & Wi-Fi Communication

6.4.1 Market Estimates & Forecast, 2018–2023

6.4.2 Market Estimates & Forecast By Region, 2018–2023

6.5 DSRS Vehicle To Vehicle Communication

6.5.1 Market Estimates & Forecast, 2018–2023

6.5.2 Market Estimates & Forecast By Region, 2018–2023

Continued…

LIST OF TABLES:

Table 1 Global Truck Platooning Market: By Region, 2018–2023

Table 2 North America Truck Platooning Market: By Country, 2018–2023

Table 3 Europe Truck Platooning Market: By Country, 2018–2023

Table 4 Asia-Pacific Truck Platooning Market: By Country, 2018–2023

Table 5 RoW Truck Platooning Market: By Country, 2018–2023

Continued…

LIST OF FIGURES:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top-Down & Bottom-Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Truck Platooning Market Share, By Application, 2017 (%)

Continued…

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