Global Vehicle Platooning Systems Market Growth 2024-2030

Global Vehicle Platooning Systems Market Growth 2024-2030

A Vehicle Platooning Systems is a concept in autonomous driving and vehicle-to-vehicle (V2V) communication. It involves a group of vehicles traveling closely together in a convoy-like formation to improve efficiency, safety, and traffic flow.



The global Vehicle Platooning Systems market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Vehicle Platooning Systems Industry Forecast” looks at past sales and reviews total world Vehicle Platooning Systems sales in 2023, providing a comprehensive analysis by region and market sector of projected Vehicle Platooning Systems sales for 2024 through 2030. With Vehicle Platooning Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Platooning Systems industry.

This Insight Report provides a comprehensive analysis of the global Vehicle 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 Vehicle Platooning Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle Platooning Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle 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 Vehicle Platooning Systems.

In a platooning system, vehicles are connected through wireless communication, constantly exchanging information such as speed, acceleration, and braking. This allows the vehicles to maintain a consistent and synchronized movement, reducing the gaps between them and creating a more efficient traffic flow.The lead vehicle in the platoon is typically driven by a human driver or an autonomous driving system. The following vehicles have automated systems that track the lead vehicle's movements and adjust their speed and position accordingly. This type of close driving formation reduces the aerodynamic drag, improving fuel efficiency and reducing emissions.Challenges and considerations for automotive platooning systems include regulatory and legal frameworks, ensuring robust V2V communication systems, and addressing potential interference from non-platooning vehicles. Additionally, trust and acceptance of platooning technology among drivers and the public will also play a significant role in its widespread implementation.Overall, automotive platooning systems have the potential to revolutionize road transportation by improving efficiency, safety, and traffic flow. Ongoing technological advancements and research in autonomous driving and V2V communication are paving the way for the future adoption of platooning systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Platooning Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Vehicle to Vehicle (V2V)
Vehicle to Infrastructure (V2I)

Segmentation by Application:
Passenger Vehicles
Commercial Vehicles

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 analysing the company's coverage, product portfolio, its market penetration.
Daimler
Peloton Technology
Scania
Volvo
Continental
Delphi
IVECO
MAN Truck & Bus
Meritor Wabco
Navistar
Nokia Growth Partners
TomTom

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vehicle Platooning Systems market?

What factors are driving Vehicle Platooning Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vehicle Platooning Systems market opportunities vary by end market size?

How does Vehicle Platooning Systems break out by Type, by Application?



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