Truck Platooning

Global Truck Platooning Market to Reach US$12.9 Billion by 2030

The global market for Truck Platooning estimated at US$3.2 Billion in the year 2024, is expected to reach US$12.9 Billion by 2030, growing at a CAGR of 26.2% over the analysis period 2024-2030. Adaptive Cruise Control, one of the segments analyzed in the report, is expected to record a 23.8% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the Blind Spot Warning segment is estimated at 23.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$867.4 Million While China is Forecast to Grow at 34.1% CAGR

The Truck Platooning market in the U.S. is estimated at US$867.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 34.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 21.4% and 23.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22.0% CAGR.

Global "Truck Platooning" Market – Key Trends & Drivers Summarized

What’s Fueling the Surge in Truck Platooning Adoption Across Global Freight Logistics?
Truck platooning, a revolutionary advancement in freight transportation, is witnessing growing momentum globally due to the convergence of automation, connectivity, and sustainability goals. At its core, truck platooning leverages vehicle-to-vehicle (V2V) communication to allow two or more trucks to drive in close proximity, with only the lead truck actively steered by a driver while the others follow autonomously. This synchronization dramatically reduces aerodynamic drag and fuel consumption. As nations grapple with tightening emissions regulations and rising fuel costs, platooning is seen as a potent solution for decarbonizing road freight. Countries like the U.S., Germany, and Japan have already begun experimenting with platooning corridors, supported by substantial government funding and public-private partnerships. Technology companies and OEMs are increasingly aligning their R&D efforts to refine autonomous braking systems, adaptive cruise control, and AI-enabled sensor fusion to ensure safety and efficiency in platooning operations. The inclusion of real-time data analytics, edge computing, and 5G is amplifying platooning’s capabilities, making real-time adjustments possible and significantly improving convoy control. Major logistics firms are integrating platooning into their long-haul freight strategies, as it optimizes delivery times while lowering driver fatigue. The pandemic-induced acceleration of digitization in supply chains has also nudged logistics players toward intelligent, connected transport systems. This systemic shift underscores a foundational transformation in freight operations, setting the stage for the broader deployment of platooning networks in the near future.

Can Regulatory Tailwinds and Safety Innovations Accelerate Market Maturity?
Government support remains a linchpin in truck platooning’s advancement, with several countries proactively shaping regulatory frameworks to accommodate semi-autonomous driving technologies. Safety, being paramount, has inspired stringent testing protocols and pilot deployments on highways, designed to build public trust and validate system reliability. For instance, the European Truck Platooning Challenge fostered cross-border collaboration to harmonize platooning standards across the EU. Similarly, the U.S. Department of Transportation has introduced guidelines that balance innovation with risk mitigation. These moves are bolstered by insurance and fleet management companies, which are recalibrating their models to include platooning-based risk variables. Additionally, the convergence of artificial intelligence with telematics and fleet optimization tools is improving situational awareness and reducing the scope for human error. Innovations like lane-keeping assistance, emergency braking, and advanced driver-monitoring systems are being layered onto platooning setups, helping fleets meet evolving safety benchmarks. The increasing involvement of Tier 1 suppliers, startups, and AI firms in refining these auxiliary technologies is pushing the market beyond conceptual pilots to scalable deployments. Moreover, as truck OEMs embed platooning as a native capability in new models, fleet operators are finding fewer barriers to adoption. The synchronization of regulatory clarity, technological maturity, and cost-saving incentives is thus forming a strong foundation for this market`s exponential growth trajectory.

How Are Market Players and Logistics Giants Redefining Freight Economics?
The commercial viability of truck platooning is now attracting diversified investment from both traditional logistics giants and technology-led disruptors. Industry leaders such as Daimler, Volvo, and Scania are partnering with AI and telecom firms to fast-track platooning-ready truck production. Meanwhile, companies like Peloton Technology and Locomation are building proprietary systems that integrate AI-driven autonomy with real-time fleet orchestration. Logistics providers, eager to cut costs and reduce their carbon footprint, are increasingly integrating platooning in route planning and asset utilization strategies. The economics of platooning is compelling: fuel savings of up to 10%, enhanced tire longevity, and decreased driver-related expenses make a strong case for ROI. Additionally, the driver shortage crisis in North America and parts of Europe has made platooning attractive, as it allows for more efficient driver scheduling and reduces operational downtime. Pilot projects in dense freight corridors like the I-10 in the U.S. or the North Sea–Mediterranean network in Europe are generating valuable data, helping firms to model long-term deployment strategies. Data monetization through vehicle telemetry and predictive maintenance is also emerging as a revenue stream for OEMs and tech vendors alike. As cost structures evolve, strategic alliances are forming between logistics providers, OEMs, and tech startups to co-develop platforms and share risk. These collaborations are not only enabling the transition from prototype to mass-market application but are also redefining operational paradigms in road freight.

The Growth in the Truck Platooning Market Is Driven by Several Factors…
The upward trajectory of the truck platooning market is shaped by a multifaceted mix of technological innovations, evolving logistics strategies, and shifting consumer and industry behaviors. Technologically, advances in vehicle connectivity protocols, particularly DSRC (Dedicated Short Range Communications) and emerging 5G networks, have enabled ultra-low latency communication necessary for safe platooning. The sophistication of autonomous driving software and onboard sensors, including LiDAR, radar, and computer vision systems, has drastically improved the functional reliability of platoons in varied traffic scenarios. From an end-use perspective, long-haul freight operators are embracing platooning as a tool for maximizing fleet productivity and reducing fuel dependency amid volatile global oil prices. Additionally, e-commerce growth has triggered an explosion in regional distribution needs, making time-sensitive and cost-efficient logistics models like platooning highly attractive. On the behavioral front, rising environmental consciousness among consumers is pressuring logistics companies to adopt sustainable practices, including emissions reduction strategies supported by platooning. Furthermore, data-driven fleet management is enabling logistics firms to simulate, plan, and optimize platooning strategies, backed by real-world telemetry. Insurance models are evolving to reward risk-mitigated platooning configurations, further enhancing adoption appeal. Finally, urbanization and smart city initiatives are creating demand for intelligent transport solutions, where truck platooning integrates seamlessly with broader mobility ecosystems. Each of these drivers contributes uniquely to the rapid development and global expansion of the truck platooning market.

SCOPE OF STUDY:

The report analyzes the Truck Platooning market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (Adaptive Cruise Control, Blind Spot Warning, Global Positioning System, Forward Collision Warning, Lane Keep Assist, Other Technologies); Platooning Type (Driver-Assistive Tuck Platooning, Autonomous Truck Platooning); Communication Technology (Vehicle-to-Infrastructure, Vehicle-to-Vehicle, Vehicle-to-Everything)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• AB Volvo
• Aptiv PLC
• Aurora Innovation
• Bendix Commercial Vehicle Systems
• Continental AG
• Cohda Wireless
• Daimler Truck AG
• DAF Trucks N.V. (PACCAR Inc.)
• Einride
• Hino Motors Ltd. (Toyota Group)
• Hyundai Motor Company
• Intel Corporation
• Iveco Group N.V.
• Knorr-Bremse AG
• Kodiak Robotics
• Kratos Defense & Security Solutions
• MAN Truck & Bus SE (Traton SE)
• Navistar International Corporation
• NXP Semiconductors N.V.
• Peloton Technology

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