How big is the Truck Platooning System Market market?

The truck platooning system market market size is estimated to grow at $$ 2246.1 mn in 2024-2028. <a href='https://www.technavio.com/report/truck-platooning-system-market-analysis'>Read More</a>

Which segment accounted for the largest Truck Platooning System Market market share?

Market segmentation by component (Hardware, Software, and Services), vehicle type (HCV and LCV), and geography (North America, Europe, APAC, Middle East and Africa, and South .... <a href='https://www.technavio.com/report/truck-platooning-system-market-analysis'>Read More</a>

Who are the key players in the Truck Platooning System Market market?

AB Volvo, Aptiv Plc, Continental AG, Daimler Truck AG, Iveco SpA, PACCAR Inc., Peloton Technology Inc., Robert Bosch GmbH, Toyota Tsusho Corp., Traton SE, ZF .... <a href='https://www.technavio.com/report/truck-platooning-system-market-analysis'>Read More</a>

What are the factors driving the Truck Platooning System Market market?

The key factors driving the truck platooning system market market growth are: Increase in demand to reduce operating cost and fuel consumption by .... <a href='https://www.technavio.com/report/truck-platooning-system-market-analysis'>Read More</a>

Truck Platooning System Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Germany, China, UK, Canada - Size and Forecast 2024-2028

Published: Jul 2024
Pages: 158
SKU: IRTNTR75342

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Truck Platooning System Market Size 2024-2028

The truck platooning system market size is forecast to increase by USD 2.25 billion at a CAGR of 77.99% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for cost savings and reduced fuel consumption in the logistics industry. Autonomous truck platooning, a type of advanced driving technology, is gaining traction as a solution to address these demands. This technology enables a convoy of trucks to travel closely together, reducing air resistance and resulting in fuel savings. However, the high cost of implementing this system remains a challenge for market growth. Technology plays a crucial role in truck platooning, with forward collision avoidance and active brake assist systems ensuring safety. Communication technology, specifically vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I), facilitates seamless information exchange between trucks and infrastructure, enabling efficient platooning.

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

2.2 Market characteristics
- Market characteristics analysis

2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition

3.2 Market segment analysis
- Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Truck Platooning System Market 2018 - 2022
- Historic Market Size - Data Table on Global Truck Platooning System Market 2018 - 2022 ($ million)

4.2 Component segment analysis 2018 - 2022
- Historic Market Size - Component Segment 2018 - 2022 ($ million)

4.3 Vehicle Type segment analysis 2018 - 2022
- Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ million)

4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)

4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
- Chart on Component - Market share 2023-2028 (%)
- Data Table on Component - Market share 2023-2028 (%)

6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component

6.3 Hardware - Market size and forecast 2023-2028
- Chart on Hardware - Market size and forecast 2023-2028 ($ million)
- Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
- Chart on Hardware - Year-over-year growth 2023-2028 (%)
- Data Table on Hardware - Year-over-year growth 2023-2028 (%)

6.4 Software - Market size and forecast 2023-2028
- Chart on Software - Market size and forecast 2023-2028 ($ million)
- Data Table on Software - Market size and forecast 2023-2028 ($ million)
- Chart on Software - Year-over-year growth 2023-2028 (%)
- Data Table on Software - Year-over-year growth 2023-2028 (%)

6.5 Services - Market size and forecast 2023-2028
- Chart on Services - Market size and forecast 2023-2028 ($ million)
- Data Table on Services - Market size and forecast 2023-2028 ($ million)
- Chart on Services - Year-over-year growth 2023-2028 (%)
- Data Table on Services - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Component
- Market opportunity by Component ($ million)
- Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Vehicle Type

7.1 Market segments
- Chart on Vehicle Type - Market share 2023-2028 (%)
- Data Table on Vehicle Type - Market share 2023-2028 (%)

7.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type

7.3 HCV - Market size and forecast 2023-2028
- Chart on HCV - Market size and forecast 2023-2028 ($ million)
- Data Table on HCV - Market size and forecast 2023-2028 ($ million)
- Chart on HCV - Year-over-year growth 2023-2028 (%)
- Data Table on HCV - Year-over-year growth 2023-2028 (%)

7.4 LCV - Market size and forecast 2023-2028
- Chart on LCV - Market size and forecast 2023-2028 ($ million)
- Data Table on LCV - Market size and forecast 2023-2028 ($ million)
- Chart on LCV - Year-over-year growth 2023-2028 (%)
- Data Table on LCV - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)
- Data Table on Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)

9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)

9.12 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview

11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

11.3 Landscape disruption
- Overview on factors of disruption

11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered

12.2 Market positioning of companies
- Matrix on companies position and classification

12.3 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus

12.4 Aptiv Plc
- Aptiv Plc - Overview
- Aptiv Plc - Business segments
- Aptiv Plc - Key news
- Aptiv Plc - Key offerings
- Aptiv Plc - Segment focus

12.5 Continental AG
- Continental AG - Overview
- Continental AG - Business segments
- Continental AG - Key news
- Continental AG - Key offerings
- Continental AG - Segment focus

12.6 Daimler Truck AG
- Daimler Truck AG - Overview
- Daimler Truck AG - Business segments
- Daimler Truck AG - Key news
- Daimler Truck AG - Key offerings
- Daimler Truck AG - Segment focus

12.7 Iveco SpA
- Iveco SpA - Overview
- Iveco SpA - Product / Service
- Iveco SpA - Key offerings

12.8 PACCAR Inc.
- PACCAR Inc. - Overview
- PACCAR Inc. - Business segments
- PACCAR Inc. - Key news
- PACCAR Inc. - Key offerings
- PACCAR Inc. - Segment focus

12.9 Peloton Technology Inc.
- Peloton Technology Inc. - Overview
- Peloton Technology Inc. - Product / Service
- Peloton Technology Inc. - Key offerings

12.10 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings

12.11 Toyota Tsusho Corp.
- Toyota Tsusho Corp. - Overview
- Toyota Tsusho Corp. - Business segments
- Toyota Tsusho Corp. - Key news
- Toyota Tsusho Corp. - Key offerings
- Toyota Tsusho Corp. - Segment focus

12.12 Traton SE
- Traton SE - Overview
- Traton SE - Business segments
- Traton SE - Key offerings
- Traton SE - Segment focus

12.13 ZF Friedrichshafen AG
- ZF Friedrichshafen AG - Overview
- ZF Friedrichshafen AG - Business segments
- ZF Friedrichshafen AG - Key news
- ZF Friedrichshafen AG - Key offerings
- ZF Friedrichshafen AG - Segment focus

13 Appendix