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(I-AutoNewsWire.com, December 15, 2018 ) The truck platooning market is projected to grow from USD 37.6 million in 2021 to USD 2,728.7 million by 2030, at a CAGR of 60.96% during the forecast period. The forecast period considered for the study is 2021 to 2030. Growing demand for road safety & security and increasing focus toward reducing the operating cost of transportation have triggered the growth of the truck platooning market.
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The development of autonomous and semi-autonomous trucks and industry-wide standards to implement safety features such as the adaptive cruise control (ACC), forward collision warning, lane keep assist, and other advanced driver assistance systems (ADAS) features would drive the growth of the truck platooning market.
Key Target Audience • Automotive electronic component suppliers • Automotive OEMs • Autonomous platform providers • Autonomous vehicle manufacturers • Technology providers • The automobile industry as an end-user industry and regional automobile associations • Traders, distributors, and suppliers of materials used for truck platooning systems • Truck platooning service providers • Truck platooning component manufacturers • Truck platooning system suppliers • Research institutes and government organizations
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The increasing adoption of advanced driver assistance system (ADAS) features and significant platooning testing are driving the market for DATP. DATP helps drivers detect and make sufficient space for any vehicle that comes in between the platooning trucks with the help of state-of-the-art safety technology. According to industry experts, truck platooning will help to reduce operating cost by 5% to 10% per truck.
Truck Platooning Market, By Platooning Type 1 Introduction 2 Driver-Assistive Tuck Platooning (DATP) 3 Autonomous Truck Platooning
Truck Platooning Market, By Systems 1 Introduction 2 Adaptive Cruise Control (ACC) 3 Blind Spot Warning (BSW) 4 Global Positioning System (GPS) 5 Forward Collision Warning (FCW) 6 Lane Keep Assist (LKA) 7 Autonomous Emergency Braking (AEB) 8 Human Machine Interface (HMI)
More Information “Truck Platooning Market by Type (DATP, Autonomous), Systems (ACC, AEB, FCW, GPS, HMI, LKA, BSW), Sensor (Lidar, Radar, Image), Services (Telematics- ECall, ACE, Tracking, Diagnostics, & Platooning- Pricing, Match Making), Region - Global Forecast to 2030” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1611707 .
The telematics-based services segment is projected to be the largest segment in the truck platooning market, by services. The adoption rate of telematics-based services is projected to grow in truck platooning owing to the rising concerns regarding maintenance notifications, duration of maintenance services, and reduced operational costs.
Truck Platooning Market, By Region & Country • Asia Oceania (Australia, Japan, Singapore, and Others) • Europe (Germany, France, UK, Sweden, Belgium, The Netherlands, Spain, Austria, and Others) • Americas (US, Canada, and Others) • Middle East and Africa (UAE, Kuwait, and Others)
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Vishal
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Source: EmailWire.Com
Source: EmailWire.com
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