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Truck Platooning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global truck platooning market reached a value of US$ 1.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.66 Billion by 2027, exhibiting a CAGR of 30.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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, along with forecasts at the global, regional and country level from 2022-2027. 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:

 

 
 

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  • 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:

 

 
 

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  • 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Platooning Type, Communication Technology, Technology, Services, Sensor Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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).
Customization Scope 10% Free Customization
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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?

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
    11.2    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
    11.3    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
    11.4    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
    11.5    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

List of Figures

Figure 1: Global: Truck Platooning Market: Major Drivers and Challenges
Figure 2: Global: Truck Platooning Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Truck Platooning Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Truck Platooning Market: Breakup by Platooning Type (in %), 2021
Figure 5: Global: Truck Platooning Market: Breakup by Communication Technology (in %), 2021
Figure 6: Global: Truck Platooning Market: Breakup by Technology (in %), 2021
Figure 7: Global: Truck Platooning Market: Breakup by Services (in %), 2021
Figure 8: Global: Truck Platooning Market: Breakup by Sensor Type (in %), 2021
Figure 9: Global: Truck Platooning Market: Breakup by Region (in %), 2021
Figure 10: Global: Truck Platooning (Driver-Assistive Tuck Platooning-DATP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Truck Platooning (Driver-Assistive Tuck Platooning-DATP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Truck Platooning (Autonomous Truck Platooning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Truck Platooning (Autonomous Truck Platooning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Truck Platooning (Vehicle-To-Infrastructure-V2I) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Truck Platooning (Vehicle-To-Infrastructure-V2I) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Truck Platooning (Vehicle-To-Vehicle-V2V) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Truck Platooning (Vehicle-To-Vehicle-V2V) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Truck Platooning (Vehicle-To-Everything-V2X) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Truck Platooning (Vehicle-To-Everything-V2X) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Truck Platooning (Adaptive Cruise Control-ACC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Truck Platooning (Adaptive Cruise Control-ACC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Truck Platooning (Blind Spot Warning-BSW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Truck Platooning (Blind Spot Warning-BSW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Truck Platooning (Global Positioning System-GPS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Truck Platooning (Global Positioning System-GPS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Truck Platooning (Forward Collision Warning-FCW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Truck Platooning (Forward Collision Warning-FCW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Truck Platooning (Lane Keep Assist-LKA) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Truck Platooning (Lane Keep Assist-LKA) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Truck Platooning (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Truck Platooning (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Truck Platooning (Telematics-Based Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Truck Platooning (Telematics-Based Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Truck Platooning (Platooning-Based Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Truck Platooning (Platooning-Based Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Truck Platooning (Image Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Truck Platooning (Image Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Truck Platooning (Radar Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Truck Platooning (Radar Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Truck Platooning (LiDAR Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Truck Platooning (LiDAR Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Truck Platooning Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Truck Platooning Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Truck Platooning Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Truck Platooning Market Forecast: Breakup by Platooning Type (in Million US$), 2022-2027
Table 3: Global: Truck Platooning Market Forecast: Breakup by Communication Technology (in Million US$), 2022-2027
Table 4: Global: Truck Platooning Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Truck Platooning Market Forecast: Breakup by Services (in Million US$), 2022-2027
Table 6: Global: Truck Platooning Market Forecast: Breakup by Sensor Type (in Million US$), 2022-2027
Table 7: Global: Truck Platooning Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Truck Platooning Market: Competitive Structure
Table 9: Global: Truck Platooning Market: Key Players


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