Truck Platooning Market by Technology (Adaptive Cruise Control (ACC), by Infrastructure Type (Vehicle-to-Vehicle (V2V), by Level of Autonomy (Semi-autonomous, Fully Autonomous), by By Technology (Adaptive Cruise Control, Blind Spot Warning, Forward Collision Warning, Lane Keep Assistance, Autonomous Emergency Braking, Others), by Europe (Germany, France, U.K., Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Truck Platooning Market size was valued at USD 59.4 USD Million in 2023 and is projected to reach USD 1019.65 USD Million by 2032, exhibiting a CAGR of 50.1 % during the forecast period. Truck platooning is another form of advanced driving that allows multiple trucks to be in a formation where all of them are controlled by the front vehicle. The primary forms are cooperative and non-cooperative. Cooperative platooning implies vehicle-to-vehicle communication while non-cooperative platooning does not include the feature of vehicle-to-vehicle communication. Some of the automobility features are adaptive cruise control, collision avoidance systems, and connected trucks. It includes the subjects of freight, logistics, and commercial vehicle industries as well. Through the promotion of, platooning improves fuel consumption, emissions, and traffic stream. Some of the benefits include, first, the ability to eliminate human error and second, the ability to address the issue of how to control traffic flow through the movement of vehicles in a coordinated manner.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 50.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 50.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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