Truck platooning is the linking of two or more trucks in convoy, using connectivity technology and automated driving support systems. These vehicles automatically maintain a set, close distance between each other when they are connected for certain parts of a journey, for instance on motorways. The truck at the head of the platoon acts as the leader, with the vehicles behind reacting and adapting to changes in its movement requiring little to no action from drivers. In the first instance, drivers will remain in control at all times, so they can also decide to leave the platoon and drive independently.

Truck platooning will be possible only if many parties join forces. Numerous different issues are involved: reliably automated vehicles, the technology to enable trucks to communicate with each other and with the infrastructure, legislation, human behaviour, public acceptance, liability and insurance.

In 2020, Level 2 and 3 platooning is expected to enter the market. Every new truck being produced is mandated to have advanced safety systems (sensors, cameras, electronic controls, and stability) installed, thus enabling proliferation of autonomous driving technologies.

The United States and Japan is expected to lead the truck platooning market followed by Europe. Asian countries such as China are also expected to enter the market. The European market is a mature automotive market and holds high potential for the truck platooning system market. The region is well placed in terms of smart mobility and developed ICT infrastructure and with the implementation of favorable regulatory mandates




According to this study, over the next five years the Truck Platooning Systems market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Truck Platooning Systems business, shared in Chapter 3.



This report presents a comprehensive overview, market shares, and growth opportunities of Truck Platooning Systems market by product type, application, key manufacturers and key regions and countries.



This study considers the Truck Platooning Systems value and volume generated from the sales of the following segments:



Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

    Software

    Device

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

    Heavy Trucks

    Light Trucks



This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

    Americas

        United States

        Canada

        Mexico

        Brazil

    APAC

        China

        Japan

        Korea

        Southeast Asia

        India

        Australia

    Europe

        Germany

        France

        UK

        Italy

        Russia

        Spain

    Middle East & Africa

        Egypt

        South Africa

        Israel

        Turkey

        GCC Countries



The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

    Peloton Technology

    Volvo Group

    Scania

    Daimler

    Navistar

    Toyota

    Uber

    Bendix Commercial Vehicles Systems

    DAF

    Continental AG

    IVECO

    MAN Truck & Bus



In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.



Research objectives

    To study and analyze the global Truck Platooning Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

    To understand the structure of Truck Platooning Systems market by identifying its various subsegments.

    Focuses on the key global Truck Platooning Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

    To analyze the Truck Platooning Systems with respect to individual growth trends, future prospects, and their contribution to the total market.

    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

    To project the consumption of Truck Platooning Systems submarkets, with respect to key regions (along with their respective key countries).

    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

    To strategically profile the key players and comprehensively analyze their growth strategies.