Truck Platooning Industry 2019 Global Market Trends, Size, Growth, Share, Opportunities, Regional Analysis, And Key Country Forecast To 2023
Truck Platooning Market 2019 Global Industry Analysis by Component (Forward Looking Camera, System Display with Rear Time Camera, RADAR Base Collision Mitigation), Technology (Acceleration & Braking Controller, DSRS V2V Communication).
Pune, India – February 28, 2019 /MarketersMedia/ —
Truck Platooning Market 2019 Global Industry Analysis by Component (Forward Looking Camera, System Display with Rear Time Camera, RADAR Base Collision Mitigation), Technology (Acceleration & Braking Controller, DSRS V2V Communication). The truck platooning market is expected to grow over the CAGR of around 11% during the period 2019 to 2023.
Companies Covered:
The key players in truck platooning market are Daimler AG (Germany), Scania AB (Sweden), AB Volvo (Sweden), Peloton Technology (US), Navistar International Corporation (US), and Meritor Wabco (Auburn Hills). Bendix Commercial Vehicles Systems LLC (Ohio), Continental AG (Germany), Delphi Automotive PLC (Dublin), and OTTO Technologies (San Francisco) are among others.
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The factors that are responsible for the growth of truck platooning market are stringent environment regulations, innovation in platooning technologies, and the growing sales of commercial vehicles. Platooning provides autonomous driving experience, which reduces driving efforts and the number of accidents as well as it improves operational efficiency, which increases the growth of the market. Platooning improves road transport in a more efficient, safer and cleaner way, which increases demand for the platooning in the global market. Truck platooning is expected to increase the demand in sectors such as road development, transportation, logistics, and information technology because of the rising demand for automated technologies. The European government has taken several initiates to facilitate large-scale, cross-border transportation through truck platooning. Moreover, the European automakers have been working on truck platooning with help of only front truck driver in the future. However regulatory framework in Europe and road infrastructure will hinder the growth of the market.
Platooning is an advanced vehicle technology where automated support system is tethered convoys of two or more trucks set closely together to reduce air drag and increase fuel efficiency. The main function of platooning is to maintain acceleration, braking and steering across all trucks in the platoon. The vehicle OEMs are developing vehicle to vehicle communication system to improve the performance of the vehicle and automated driving system. Improved truck platoons reduce fuel consumption, enhance traffic safety and reduce the CO2 emissions. Growing sales of commercial vehicle across the globe and advanced cruising technologies used in the platooning drive the truck platooning market. Increasing road development, road transport facilities, and information technology enhance the growth of truck platooning market.
Market Segments Analysis:
The global truck platooning market is segmented based on component, technology, vehicle type. Based on components, the market is segmented into forward looking camera, system display with rear time camera, driver-centric design, and radar base collision mitigation. Based on technology, the market is segmented into acceleration & braking controller, GPS, cellular & Wi-Fi communication, dedicated short range communication V2V communication. Based on vehicle type the market is segmented into light commercial vehicle, and heavy commercial vehicle.
Regional Analysis:
On the basis of region, the market is segmented on the basis of North America, Asia-Pacific, Europe, and Rest of the World. The availability of automated technologies related to platooning in most regions has propelled the demand in the truck platooning market. Existence of major manufacturers in these regions along with their partnerships with the local players, over time, have widened the scope of the market in these regions. Europe region is expected to dominate the market during the forecast period. Truck platooning involves high capital costs, which becomes an entry barrier. Asia-Pacific is expected to be the second largest market during the forecast period due to immense demand of commercial vehicles in India. With the increase in demand of commercial vehicles, there has been growth in the truck platooning market. The safety and minimum driving efforts with easy transportation for achieving the desired automated vehicles generates the need for adoption of advanced technologies, such as platooning.
The report for global truck platooning market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Continued
List Of Tables
Table 1 Global Truck Platooning Market: By Region, 2018 2023
Table 2 North America Truck Platooning Market: By Country, 2018 2023
Table 3 Europe Truck Platooning Market: By Country, 2018 2023
Table 4 Asia-Pacific Truck Platooning Market: By Country, 2018 2023
Table 5 RoW Truck Platooning Market: By Country, 2018 2023
Table 6 Global Truck Platooning Market, By Component, By Regions, 2018 2023
Continued
List Of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued
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