Global Truck Platooning Systems Market Growth (Status and Outlook) 2023-2029

Global Truck Platooning Systems Market Growth (Status and Outlook) 2023-2029

Truck platooning is the linking of two or more trucks in convoy, using connectivity technology and automated driving support systems. These vehicles automatically maintain a set, close distance between each other when they are connected for certain parts of a journey, for instance on motorways. The truck at the head of the platoon acts as the leader, with the vehicles behind reacting and adapting to changes in its movement requiring little to no action from drivers. In the first instance, drivers will remain in control at all times, so they can also decide to leave the platoon and drive independently.
LPI (LP Information)' newest research report, the “Truck Platooning Systems Industry Forecast” looks at past sales and reviews total world Truck Platooning Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Truck Platooning Systems sales for 2023 through 2029. With 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 Truck Platooning Systems industry.
This Insight Report provides a comprehensive analysis of the global 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 analyzes the strategies of leading global companies with a focus on 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 Truck Platooning Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Truck Platooning Systems.
The global Truck Platooning Systems market size is projected to grow from US$ 2321.4 million in 2022 to US$ 12490 million in 2029; it is expected to grow at a CAGR of 27.2% from 2023 to 2029.
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 Truck Platooning Systems market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Software
Device
Segmentation by application
Heavy Trucks
Light Trucks
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.