Market Overview

Truck Platooning (DATP, Autonomous) Market 2018-2023 - Focus on ACC, AEB, FCW, GPS, HMI, LKA & BSW - ResearchAndMarkets.com

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The "Truck
Platooning Market by Type (DATP, Autonomous), Systems (ACC, AEB, FCW,
GPS, HMI, LKA, BSW), Sensor (Lidar, Radar, Image), Services (Telematics-
ECall, ACE, Tracking, Diagnostics, & Platooning - Pricing, Match
Making), Region - Global Forecast"
report has been added to ResearchAndMarkets.com's
offering.

The truck platooning market is projected to grow at a CAGR of 60.96%
during the forecast period, and the market size is projected to grow
from USD 37.6 million in 2021 to USD 2,728.7 million by 2030.

The development of autonomous and semi-autonomous trucks and
industry-wide standards to implement safety features such as adaptive
cruise control (ACC), forward collision warning, lane keep assist, and
other advanced driver assistance systems (ADAS) features would drive the
growth of the truck platooning market. At the same time, the high cost
of hardware and technologies and lack of infrastructure development can
be major obstacles for the growth of the truck platooning market.

The increasing adoption of advanced driver assistance system (ADAS)
features and significant platooning testing are driving the market for
DATP. DATP helps drivers detect and make sufficient space for any
vehicle that comes in between the platooning trucks with the help of
state-of-the-art safety technology.

According to industry experts, truck platooning will help to reduce
operating costs by 5% to 10% per truck. The reduction in operating cost
would encourage fleet management companies to invest in DATP.
Additionally, the significant platooning testing and increased funding
from the government would play a major role in the development of DATP.

In June 2018, Volvo Trucks North America announced the successful
demonstration of on-highway truck platooning in North Carolina. The
company has been working closely with FedEx and the North Carolina
Turnpike Authority to expand on-highway operations of Volvo's
Cooperative Adaptive Cruise Control.

In September 2017, Daimler Trucks North America announced the testing of
truck platooning operations on public highways of Oregon and Nevada in
the US. The cost of the DATP systems is projected to decrease in the
near future owing to advancements and commercialization of this
technology. Reduced cost will make DATP more profitable and, hence,
would increase the market adoption of the technology.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Truck Platooning Market, By Platooning Type

7 Truck Platooning Market, By Systems

8 Truck Platooning Market, By Sensor Type

9 Truck Platooning Market, By Services

10 Truck Platooning Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Volvo
  • Daimler
  • Scania
  • Paccar
  • MAN
  • Toyota Tsusho
  • Hino Motors
  • Continental
  • Bosch
  • ZF
  • WABCO
  • NVIDIA
  • Intel
  • Peloton
  • Omnitracs
  • Trimble
  • TomTom
  • Telefonica
  • Otto
  • CargoX

For more information about this report visit https://www.researchandmarkets.com/research/4pzshb/truck_platooning?w=4

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