Truck Platooning Systems Market Size & Share, by Component (Forward Looking Camera, System Display with Rear Time Camera, Driver-Centric Design, RADAR Base Collision Mitigation); Technology (Acceleration & Braking Controller, GPS, Cellular & Wi-Fi Communication, DSRS Vehicle to Vehicle Communication); Vehicle (Light Commercial, Heavy Commercial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3874
  • Published Date: Jun 21, 2023
  • Report Format: PDF, PPT

Top Featured Companies Dominating the Truck Platooning System Landscape

    • Daimler AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Volvo Group
    • Scania AB
    • Paccar Company
    • Peleton Technology
    • Bendix Commercial Vehicles Systems LLC
    • Clearpath Robotics, Inc.
    • Continental AG
    • WABCO Vehicle Control Systems LLC

Browse Key Market Insights with Data Illustration:


In The News

  • TRATON SE announced the acquisition of its remaining stake in Navistar International Corp. for a total cash consideration of USD 3.7 billion for expanding its product portfolio. 
  • Volvo Group and FedEx began the testing of connected truck platooning technology in North Carolina to reduce fuel usage in autonomous and connected trucks by driving in convoys.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 3874
  • Published Date: Jun 21, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the market growth are rising concerns for road safety and security and a growing focus on reducing transportation operating costs.

The market is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Daimler AG, Volvo Group, Scania AB, Paccar Company, Peleton Technology, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, component, vehicle, and by region.

The RADAR-based collision mitigation segment is anticipated to hold the largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

The high cost of truck platooning systems is estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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