Automotive & transportation

Truck Platooning Systems Market Outlook: Big Expectations to Watch For

(New Jersey) Global Truck Platooning Systems Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,
Peloton Technology (United States), Volvo Group (Sweden), Scania (Sweden), Daimler (Germany), Navistar (United States), Toyota (Japan), Uber (United States), Bendix Commercial Vehicle Systems (United States), Continental AG (Germany) and IVECO (Italy)

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Trucks are the major type of vehicle adopting the platooning system. Platooning is a method where a group of two or more vehicles travels behind one another safely to experience less fuel consumption, reduced air drag, optimal use of road space thereby avoiding traffic congestion. There has been 4-5% fuel consumption shown by the leading truck using this method. Truck platooning is recognized as the future of the transportation industry. Platoon is similar to the train’s compartment arrangement but with physical disconnects. If truck platoons are permitted to operate on truck-only highways, it is expected to lead to an integrated business model between the infrastructure service provider and transportation service provider and may also result in several public-private partnerships for financing the concept of truck platooning.

Market Drivers

  • Interoperability of truck platooning method and platforms integrating connected technologies.
  • Rising adoption of advanced driver assistance system (ADAS) features and significant platooning system.
  • Advancement in technology and stringent vehicle norms in emerging economies.
  • Reducing CO2 emission and reduction in fuel consumption.

Market Trend

  • Anticipated changes in the truck platoon business models.
  • The emergence of new businesses due to this market.

Restraints

  • High cost of hardware technologies such as Adaptive cruise control (ACC), Blind-spot warming (BSW), Forward collision warning (FCW) which increases the overall cost of vehicles.
  • Lack of Infrastructure in the transport system in many countries.

Opportunities

  • Road construction business, transportation, and logistics service providers and ICT providers offering business opportunities in this market.

Challenges

  • Undefined safety parameters.
  • Increasing user and public acceptance and concerns over Data privacy and cybersecurity regulations.

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In this research study, the prime factors that are impelling the growth of the Global Truck Platooning Systems market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Truck Platooning Systems market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The Global Truck Platooning Systems is segmented by Type (Autonomous, DATP (Driver-Assistive Tuck Platooning)), Application (Heavy Trucks, Light Trucks, Other), Services (Telematics, ACE, Tracking, Diagnostics), Systems (Adaptive Cruise Control (ACC), Automated Emergency Braking (AEB), Blind Spot Warning (BSW), Forward Collision Warning (FCW), Global Positioning System (GPS), Human Machine Interface (HMI), Lane Keep Assist (LKA), Others), Sensor (Lidar, Radar, Image)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Truck Platooning Systems market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

Current Scenario Analysis for Decision Framework
Key Strategic Developments in Truck Platooning Systems Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Truck Platooning Systems Market
The report highlights Truck Platooning Systems market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Truck Platooning Systems, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents
Global Truck Platooning Systems Market Research Report
Chapter 1 Global Truck Platooning Systems Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

This report also analyzes the regulatory framework of the Global Markets Truck Platooning Systems Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

About Author:
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Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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