Truck Platooning Market to see Huge Growth by 2029

The global truck platooning market is anticipated to grow at an exponential CAGR of 28.9% during the forecast period. One of the key factors that are fueling the market is the support from the various government via promoting it, supporting it, and testing it. For instance, in April 2022, the European Commission published a report “Analysis of market needs, business models and life-cycle environmental impacts of multi-brand platooning” for analyzing multi-brand platooning. The government of various regions is making rules for supporting the adoption and testing of platooning technology of trucks on roadways due to its benefits such as reduced emission of harmful gases, fuel consumption, less traffic congestion, and others.

For instance, in May 2020, the US States, Arizona, Texas, and Utah confirmed the allowance of automated follower truck platooning. Moreover, the Ministry of transportation in Ontario, Canada, incorporated the development of its pilot project for evaluating and testing the automated truck and vehicle platooning technology on Ontario roadways. Such supportive government initiatives to test truck platooning technology are anticipated to offer exponential growth and show great future potential in the market in upcoming years. 

To Request a Sample of our Report on Truck Platooning Market:  https://www.omrglobal.com/request-sample/truck-platooning-market

Market Coverage

•                 The market number available for – 2021-2029

•                 Base year- 2021

•                 Forecast period- 2023-2029

Segment Covered- 

·                  By Technology Type

·                  By Autonomous Level

·                  By Communication Technology

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                 Competitive Landscape- including Mercedes-Benz Group AG, PACCAR Holding B.V. (DAF), Peloton Technology, Scania CV AB, Volvo Group, and others.

Truck Platooning Market Report Segment

By Technology Type

•                 Adaptive Cruise Control (ACC)

•                 Blind Spot Warning (BSW)

•                 Global Positioning System (GPS)

•                 Forward Collision Warning (FCW)

•                 Lane Keep Assist (LKA)

•                 Others (Active Brake Assist (ABA))

By Autonomous Level

•                 Semi-Autonomous

•                 Full-Autonomous

By Communication Technology

•                 Vehicle-to-Vehicle (V2V)

•                 Vehicle-to-Infrastructure (V2I)

•                 Global Positioning System (GPS)

A full Report of Truck Platooning Market is Available @  https://www.omrglobal.com/industry-reports/truck-platooning-market

Truck Platooning Market Report Segment by Region

North America                                                                                                                                                                            

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles 

•                 Continental AG 

•                 Delphi Powertrain Systems Operations Luxembourg S. à r.l. 

•                 Knorr-Bremse AG 

•                 Navistar, Inc. 

•                 NVIDIA 

•                 Robert Bosch GmbH 

•                 ZF Friedrichshafen AG

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/truck-platooning-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

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