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