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Global Truck Platooning System Market 2016-2020

Global Truck Platooning System Market 2016-2020

About the Truck Platooning System Market

The truck platooning concept enabled by automated driving technologies has been hailed as the future of the transportation industry. In a truck platoon, multiple trucks travel at an aerodynamically efficient distance and drive cooperatively by maintaining the distance at high speeds. The platoon is akin to a train’s compartment-like arrangement, but with physical disconnects. As automated driving technology penetrates the passenger cars segment and commercial vehicle segment, truck platooning will be viewed as an essential feature of the self-driven truck. The concept may even get standardized in self-driven trucks.

Technavio’s analysts forecast the global truck platooning system market to grow at a CAGR of 18.09% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global truck platooning system market for 2016-2020. The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Truck Platooning System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daimler
  • Peloton Technology
  • Scania
  • Volvo
Other prominent vendors
  • Continental
  • Delphi
  • Hino
  • IVECO
  • MAN Truck & Bus
  • Meritor Wabco
  • Navistar
  • PACCAR
  • TomTom
Market driver
  • Interoperability of truck platooning platforms integrating connected technologies
  • For a full, detailed list, view our report
Market challenge
  • Undefined safety parameters
  • For a full, detailed list, view our report
Market trend
  • Anticipated changes in the platoon business models
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Truck Platooning System Market 2016-2020

Technavio recognizes the following companies as the key players in the global truck platooning system market: Daimler, Peloton Technology, Scania, and Volvo.

Other Prominent Vendors in the market are: Continental, Delphi, Hino, IVECO, MAN Truck & Bus, Meritor Wabco, Navistar, PACCAR, and TomTom.

Commenting on the report, an analyst from Technavio’s team said: “A trend which is expected to boost market growth changes in the platoon business models. Currently, truck drivers or fleet operators join or run their truck in a platoon by booking a platoon slot. This happens with a limited number of trucks because a platoon of two trucks is very common and can be extended to a few more trucks. The truck platooning business enterprise provides the time and venue details of the platoon and thereby the platoon slot is booked. Technavio believes that this as-yet-nascent business model will also change with gradual developments in truck platooning technology and businesses during the forecast period. With growth in the truck platooning system market where more trucks shall be equipped with platooning systems, the business model may develop to a state where two or more trucks that meet on the same road form a platoon mode based on mutual consent.”

According to the report, a key growth driver is the interoperability of truck platooning platforms which use integrated and connected technologies. The fact that almost all truck OEMs are showcasing their capabilities in truck platooning and are enabling their trucks with these systems is a significant driver in this market. OEMs have incorporated several sensing technologies such as radar, LiDAR, and image sensing along with several active safety systems to deliver enhanced autonomous and connected abilities in their trucks to enable truck platooning.

Further, the report states that one challenge that could curtail market growth is the lack of defined safety parameters.

Companies Mentioned

Daimler, Peloton Technology, Scania, Volvo, Continental, Delphi, Hino, IVECO, MAN Truck & Bus, Meritor Wabco, Navistar, PACCAR, TomTom.

  • Executive summary
    • Table Snapshot of global truck platooning market
    • Highlights
  • Scope of the report
    • Report coverage
      • Table Report coverage
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Truck platooning arrangement: Conceptual view
      • Table Participants in truck platooning operation
      • Table Key sensors and components in a platooning arrangement
      • Table Benefits derived by fleet operator
      • Table Automation in trucks: Year of launch
      • Table Brief on SAE automation levels
    • Value chain analysis
      • Table Value chain representation of truck platooning system
    • Product lifecycle
      • Table Product lifecycle of some of the autonomous technology systems deployed in trucks 2018
    • Regulatory framework
      • Table Regulatory framework
  • Market landscape
    • Market overview
      • Table Truck platooning: An outcome of technological evolution in trucking industry
      • Table Current status and future of truck platooning market
    • Market size and forecast
      • Table Global automotive truck platooning system market 2015-2020 (millions of units)
      • Table Business model of global truck platooning system market
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Global truck platooning system market segmentation by geography 2015
    • Truck platooning system market in EMEA
      • Table Global truck platooning system market in EMEA 2015-2020 (thousands of units)
    • Truck platooning system market in Americas
      • Table Global truck platooning system market in Americas 2015-2020 (thousands of units)
      • Table Progress of autonomous trucks legislations in US 2016
    • Truck platooning system market in APAC
      • Table Global truck platooning system market in APAC 2015-2020 (thousands of units)
  • Market drivers
    • Table US GHG emissions by sector 2015
  • Market challenges
    • Table Truck platooning demonstrations country-wise
  • Market trends
  • Vendor landscape
    • Table Few key players of the expanded ecosystem
    • Table Expectations from stakeholders of the ecosystem for truck platooning to be a success
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Daimler
    • Peloton Technology
    • Scania
    • Volvo
  • Appendix
    • List of abbreviations
  • Explore Technavio

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