Global Heavy Duty Truck Platooning Systems Market Growth (Status and Outlook) 2024-2030

Global Heavy Duty Truck Platooning Systems Market Growth (Status and Outlook) 2024-2030

Heavy-duty truck platooning systems are advanced technologies that enable a group of trucks to travel closely together in a convoy formation, typically with minimal spacing between vehicles, while maintaining safety and efficiency.

In a platooning system, the trucks communicate with each other through wireless communication protocols such as Dedicated Short-Range Communication (DSRC) or Cellular Vehicle-to-Everything (C-V2X). Through this communication, the trucks synchronize their speed, braking, and steering, allowing them to operate as a unified unit.

The lead truck, often equipped with advanced sensors and control systems, sets the pace and controls the movements of the entire platoon. The following trucks, known as followers or platoon members, adjust their speed and distance in real-time to maintain a safe and aerodynamically efficient following distance from the lead vehicle.

The global Heavy Duty Truck Platooning Systems market size is projected to grow from US$ 1960 million in 2024 to US$ 3329 million in 2030; it is expected to grow at a CAGR of 9.2% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Heavy Duty Truck Platooning Systems Industry Forecast” looks at past sales and reviews total world Heavy Duty Truck Platooning Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Heavy Duty Truck Platooning Systems sales for 2023 through 2029. With Heavy Duty Truck Platooning Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heavy Duty Truck Platooning Systems industry.

This Insight Report provides a comprehensive analysis of the global Heavy Duty Truck Platooning Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Heavy Duty Truck Platooning Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heavy Duty Truck Platooning Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy Duty Truck Platooning Systems and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heavy Duty Truck Platooning Systems.

Global Truck Platooning Systems key players include Peloton Technology, Volvo, Scania, Daimler, Navistar, etc. Europe is the largest market, with a share about 50%, followed by North America, with a share about 40 percent. In terms of product, Service is the largest segment, with a share about 70%. And in terms of application, the largest application is Light Trucks, followed by Heavy Trucks.

This report presents a comprehensive overview, market shares, and growth opportunities of Heavy Duty Truck Platooning Systems market by product type, application, key players and key regions and countries.

Segmentation by Type:
Software
Device

Segmentation by Application:
Logistics and Transportation
Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Software
Device

Segmentation by Application:
Logistics and Transportation
Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus

Please note: The report will take approximately 2 business days to prepare and deliver.