Article -> Article Details
| Title | Truck Platooning Market Trends and Forecast: A Look into the Future of Autonomous Trucking 2028 |
|---|---|
| Category | Sciences --> Technology |
| Meta Keywords | Truck Platooning Market, Truck Platooning Market size, Truck Platooning Market share, Truck Platooning Market trends. |
| Owner | jhontanison |
| Description | |
| According to the current analysis of Reports and Data, the
global Truck
Platooning Market was valued at USD 1,165.6 Million in 2020 and is
projected to grow at a CAGR of 30.10% from 2020 to 2028. The increasing
government regulations related to the reduction of emissions as well as the
rising demand for lowering the fuel consumption are the major factors for the
growth of the Truck Platooning Market. Another factor that is boosting the
growth of the Truck Platooning Market is the rising adoption of Internet of
Things (IoT). The factor restraining the growth of the market is the high cost
of technology. Another factor that will hinder the growth of the market is the
quality of the roads need to be good enough. One of the primary benefits of Assistive Truck Platooning is
fuel efficiency. By driving in a close-following formation, trucks can reduce
drag and save fuel. This technology can also help reduce carbon emissions,
which is a major concern for governments and companies around the world.
Additionally, Assistive Truck Platooning can improve safety by reducing the
risk of accidents caused by human error, and by providing real-time data on
road conditions and hazards. In conclusion, the Truck Platooning Market is expected to
grow significantly in the coming years, driven by the need to reduce carbon
emissions, the increasing demand for fuel-efficient transportation, and the
growing focus on road safety. The technology offers several benefits, including
reduced fuel consumption, improved safety, and improved traffic flow. However,
there are also challenges to adoption, including the need for standardization
and interoperability, and the need for public awareness and acceptance of Assistive
and semi-Assistive vehicles. To download a PDF sample copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2452
Operational effectiveness and cost reduction: Assistive
Truck Platooning technology helps increase operational efficiency and lower
transportation costs. By reducing fuel consumption by up to 15% and improving
delivery speed, fleet owners can save money and improve their financial
performance. Assistive driving technology: The development of Assistive
driving technology enables trucks to operate independently with the help of
advanced sensors, cameras, and AI-powered algorithms. This reduces the need for
human intervention and enhances safety on the roads. Connectivity and real-time data exchange: The rollout of 5G
networks improves connectivity and communication between trucks in a platoon.
Real-time data exchange enables synchronized actions, optimizing the platoon's
overall effectiveness. Environmental considerations: The need to lower carbon
emissions from the transportation industry is a significant factor driving the
adoption of Assistive Truck Platooning. The technology's improvements in fuel
efficiency and air resistance reduction result in fewer carbon emissions and
less environmental impact. Increasing demand for dependable transportation solutions:
The growing demand for reliable and effective transportation solutions also
contributes to the market revenue growth of Assistive Truck Platooning
technology. The industry recognizes the benefits of this technology in terms of
cost savings, efficiency, and sustainability. Overall, the adoption of Assistive Truck Platooning
technology is driven by a combination of economic, technological, and
environmental factors, with the aim of improving operational efficiency,
reducing costs, enhancing safety, and minimizing the environmental impact of
the transportation industry. Top Companies Operating in the Global Truck Platooning
Market: Bendix (U.S.), A B Volvo (Sweden), Continental AG (Germany),
Daimler AG (Germany), Aptiv PLC (Ireland), Wabco (France), Navistar, Inc.
(U.S.), DAF Trucks (Netherlands), Peloton Technology (U.S.), and Scania
AB(Sweden). Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/2452 The global market is further segmented into type and
application: Technology (Revenue, USD Million; 2018–2028)
Communication Technology (Revenue, USD Million; 2018–2028)
Platooning Type (Revenue, USD Million; 2018–2028)
Services (Revenue, USD Million; 2018–2028)
Technology (Revenue, USD Million; 2018–2028)
Communication Technology (Revenue, USD Million; 2018–2028)
Platooning Type (Revenue, USD Million; 2018–2028)
Services (Revenue, USD Million; 2018–2028)
Regional analysis provides insights into key trends and
demands in each major country that can affect market growth in the region.
Further key findings from the report suggest · The Global Truck Platooning Market is
forecast to grow at a rate of 31.65% CAGR to reach a valuation of USD 5.91
Billion in 2026. · Major driver for the growth of the market is
the increasing demand for lowering the fuel consumption. Another factor that is
adding up to the growth of the market are the increasing government regulations
related to the reduction of emissions. · Rising adoption of Internet of Things (IoT)
is another factor that will help the growth of the market over the forecasted
period. · North America was the largest revenue
generating region in the year 2018 on account of large demand for safe and efficient
vehicles in the region. The region is forecasted to continue remaining the
largest revenue holding region in 2026. · The industry includes truck OEMs and the
technology providers. Market players are increasingly adopting strategies like
mergers & acquisitions alongside the increase in the investments in the
industry. · DATP segment held the largest share in the
market in 2018 on account of nascent stage of the Assistive Truck Platooning
systems. However, with the increasing automation in the industry, the demand
for Assistive Assistive Truck Platooning segment is forecasted to grow the
fastest over the forecast period. Assistive Assistive Truck Platooning segment
was valued at USD 301.83 million in 2018. · Volvo has been actively supporting the
platooning concept since a long time due to the benefits that the freight
companies associated. In 2018, the company partnered with FedEx and North
Carolina Turnpike Authority to successfully demonstrate Assistive Truck
Platooning. Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2452 Thank you for reading our report. We also offer customized
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