What is Platooning on Highways Market Scope?
The term vehicle platooning uses radar and vehicle-vehicle communications to form and sustain a close-headway formation between two or more in-lane vehicles. It guides the vehicles both longitudinally and laterally at highway speeds, implying at least Level 2 automation. Each vehicle interconnects with the other vehicles in the platoon. Image sensors can identify a vehicle's surrounding environment and deliver detailed information. Currently, both 2D and 3D image sensors are used in platooning. The number of image sensors used in truck platooning depends on the level of self-sufficiency and the number of trucks involved in the platoon.
Influencing Trend:
Advancement in Technology and Stringent Vehicle Norms in Emerging Economies
Market Growth Drivers:
Interoperability of Truck Platooning Method and Platforms Integrating Connected Technologies and Rising Adoption of Advanced Driver Assistance System (ADAS) Features and Significant Platooning System
Challenges:
Concerns over Data Privacy and Cybersecurity Regulations
Restraints:
Lack of Infrastructure in the Transport System
Opportunities:
Reducing CO2 Emission and Reduction in Fuel Consumption and Anticipated Changes in the Truck Platoon Business Models
The Platooning on Highways market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from European will contribute to the maximum growth of Global Platooning on Highways market throughout the predicted period.
Daimler (Germany), Volkswagen (Germany), NVIDIA (United States), Peloton Technology (United States), Volvo Group (Sweden), Scania (Sweden), Toyota (Japan), Bendix Commercial Vehicles Systems (United States), DAF Truck (Netherlands), Continental AG (Germany), IVECO (Italy) and MAN Truck & Bus (Germany) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Platooning on Highways market by Type, Application and Region.
On the basis of geography, the market of Platooning on Highways has been segmented into 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).
Market Influencers and their Development Strategies
On March 12, 2019 - IVECO, FPT Industrial and Nikola Corporation has presented the scope and plans of the joint venture and collaboration agreement established to accelerate industry transformation towards emission neutrality of Class 8 heavy-duty trucks in North America and Europe through the adoption of fuel-cell technology.
On July 17, 2019 - Peloton Technology Inc., the leading connected and automated vehicle technology company, unveiled its vision for doubling the productivity of drivers through the development of its new Level 4 Automated Following solution.
Key Target Audience
Manufacturers of Autonomous Vehicle, Suppliers of Autonomous Vehicle, Automotive Electronic Component Suppliers, Automotive OEMs and Technology Providers
Platooning on Highways Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Platooning on Highways Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Platooning on Highways industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.