Truck Platooning Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Technology Type (Adaptive Cruise Control, Forward Collision Avoidance, Lane Departure Warning, and Active Brake Assist), By Infrastructure Type (V2V, V2I, and GPS), By Autonomous Level (Semi-autonomous and Full-autonomous), By Region, By Competition.
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 1 billion |
| CAGR (2023-2028) | 10.2% |
| Fastest Growing Segment | Forward Collision Warning |
| Largest Market | Europe |
Download Sample Ask for Discount Request Customization
Market Overview
Global Truck Platooning Market is worth USD 1 billion in 2022 and is expected to exhibit strong growth in the forecast period with a CAGR of 10.2% during 2022-2028
Key Market Drivers
Fuel Efficiency and Cost Savings
Among the major drivers of the worldwide truck platooning market is fuel efficiency and cost savings. Truck platooning entails a formation of trucks driving in close proximity, taking advantage of diminished air resistance. Subsequently, platooning promises great fuel savings, which is a key factor for fleet operators seeking to keep their operations at an all-time low. Fuel saving is even more significant when cruising at high-way speeds, hence platooning is also appealing for trucking operations along high-ways. Reduced fuel costs mean higher profitability and market competitiveness for log-gistics players, which increases adoption of the platooning technology.
Greenhouse Gas Emission Reduction and Environmental Sustainability
Another key force propelling the growth of the truck platooning market is the global need to reduce environmental sustainability and emissions of greenhouse gases. Transportation is one of the greatest sources of carbon emissions, and the trucking sector is a key player in this sense. Platooning reduces emissions by minimizing fuel use and the carbon intensity of freight transport. Governments and regulators across the globe are enforcing strict emission standards and providing incentives for clean transportation practices. As such, truck platooning stands as an option that is aligned with these sustainability objectives, driving adoption and fueling market expansion.
Driver Shortages and Labor Costs
A key challenge faced by the trucking industry is driver shortages for qualified commercial truck drivers. As veteran drivers retire and fresh intakes are in short supply, the industry has increasingly sought technology that can buffer the effects of driver shortages. Truck platooning solves this problem by having one driver at the front of a group of vehicles, with the following trucks driving autonomously but in human control. This decrease in drivers needed can assist companies in overcoming labor shortages as well as lowering labor costs, which tend to be a large percentage of their expenses. Therefore, platooning technology is viewed as a solution for improving operational efficiency and solving the labor issues facing the industry.
Vehicle Automation Advancements
Continued developments in vehicle automation and autonomous driving technologies play a critical role in pushing the adoption of truck platooning. Such technologies allow trucks to talk to one another, keep safe gaps, and coordinate their movements. Automation improves the accuracy and consistency of platooning operations, which makes it more attractive to fleet operators. Although full automation is a distant prospect, existing level 2 and level 3 automation systems, such as adaptive cruise control and lane-keeping assistance, can be integrated into platooning systems, which helps to make them safer and more efficient.
Safety Improvements
Safety is a top priority in the trucking business, and truck platooning has a number of safety benefits. Through a consistent and reduced following distance, platoons minimize the risk of rear-end collisions, which are some of the most frequent types of accidents for commercial trucks. In addition, platooning systems include state-of-the-art driver-assistance technologies, including adaptive cruise control and collision avoidance systems, which optimize overall safety. They assist drivers in maintaining control and responding to possible hazards more efficiently. Therefore, safety-oriented fleet owners are increasingly embracing platooning technology as one of the measures to reduce accidents and safeguard their drivers and goods.
Development of Infrastructure
Infrastructure development and expansion are instrumental in propelling the development of the global truck platooning market. To facilitate effective platooning operations, there is a need for upgrading infrastructure. Such upgrades entail dedicated platooning lanes, cutting-edge traffic management systems, and vehicle-to-infrastructure (V2I) communication infrastructure. Regulators and transport agencies in different nations are seeing the potential advantages of platooning and are spending money on infrastructure upgrades. The more dedicated platooning lanes and V2I communication infrastructure that are installed, the more feasible and desirable platooning technology becomes to fleet operators.
Download Sample Ask for Discount Request Customization
Industry Collaboration and Standards
Collaboration within the trucking industry and the establishment of industry standards are vital drivers of the global truck platooning market. Manufacturers, technology providers, logistics companies, and regulatory bodies are working together to define standards and protocols for platooning systems. Collaboration fosters interoperability among different platooning solutions, ensuring that trucks from various manufacturers can platoon seamlessly. Standardization also provides clarity and consistency in regulations, making it easier for fleet operators to navigate the legal landscape and adopt platooning technology. As the industry continues to work together to develop common standards, the adoption of platooning technology becomes more streamlined and conducive to growth.
Key Market Challenges
Regulatory and Legal Issues
One of the key issues confronting the world truck platooning market is the intricate regulatory and legal environment. Platooning technology entails coordinating several trucks traveling in close formation, which does not necessarily conform to current road safety and traffic rules. The regulation of platooning differs from one country to another and even among states or provinces within a nation. This patchwork regulatory environment is a major barrier to the widespread acceptance of platooning technology. In certain territories, there is concern about aspects such as liability in the event of an accident, the following distance required between platooning trucks, and the training and certification of platoon drivers. In addition, uncertainty caused by inadequate standardized regulations and differing interpretations of laws can occur, posing confusion for firms wanting to invest in platooning systems. The challenge of the industry is, therefore, collaboration with governments and regulatory agencies in the formulation of clear and uniform standards that address safety and regulatory compliance.
Infrastructure Development and Investment
Successful implementation of truck platooning technology demands a supportive infrastructure, such as dedicated platooning lanes, sophisticated traffic management systems, and vehicle-to-infrastructure (V2I) communication infrastructure. Nevertheless, establishing this infrastructure is a daunting task. Most areas do not have the required infrastructure, and retrofitting existing roads can be expensive and inconvenient. Governments and transportation agencies need to invest in constructing and upgrading infrastructure to support platooning operations. This involves designing platooning lanes, refining road signage and traffic management systems, and implementing V2I communication infrastructure. The challenge is acquiring the requisite funds, getting coordination with the numerous stakeholders, and placing priority on these infrastructure developments over competing transport projects.
Technological Sophistication and Standardization
Technology for truck platooning is inherently sophisticated with advanced communication systems, automation, and vehicle-to-vehicle (V2V) communication. Various manufacturers and technology providers can provide their own proprietary platooning systems with different features and functions. A lack of standardization in platooning technology is a great challenge to the market. The lack of shared technical standards can complicate interoperability between trucks from different manufacturers, which would make fleets struggle with mixing and matching vehicles and platooning systems. It also makes it more difficult for regulatory compliance and certification procedures, as regulators might need to assess and certify various, different technologies. Standardization is necessary to make platooning systems compatible, secure, and user-friendly. However, it is no easy task to achieve consensus among parties in a fiercely competitive and quickly changing market.
Safety and Liability Concerns
Safety is a top priority in the trucking sector, and the deployment of platooning technology raises novel safety and liability concerns. Platooning is based on exact coordination between vehicles and real-time communication to preserve safe distances and respond to traffic changes. Any breakdown or disruption in these systems may cause accidents or safety risks. Establishing liability for accidents or failures is a challenging task. Concerns are raised regarding whether the lead truck driver, the following truck driver, the technology supplier, or some combination of these need to be held accountable in the event of an accident. These liability issues need to be addressed to assure the market growth and the use of platooning technology.
Driver Acceptance and Transition Period
Truck platooning brings a dramatic change in the commercial truck driver's role. Although platooning systems will automate much of the driving task, a human driver is nevertheless needed to operate the platoon, take action when required, and perform duties outside the automatable scope of the system. This period of transition, when drivers need to learn to get used to their changing role, can be tricky. Driver training and acceptance are critical elements of successful platooning technology introduction. The drivers might be apprehensive about their job, job satisfaction, and workload potential arising from monitoring platooning systems. It is essential that drivers are thoroughly trained and are comfortable with platooning technology in order to overcome such concerns and achieve maximum benefit through automation.
Initial Costs and Return on Investment
Although platooning technology holds long-term advantages, including fuel efficiency and improved operational efficiency, there are considerable initial costs involved in implementing and adopting these systems. Fleets have to spend money on the acquisition and installation of platooning hardware and software, training drivers, and meeting regulatory compliance. It is difficult to calculate the return on investment (ROI) for platooning technology, particularly for small fleet operators. The ROI varies with fuel savings, maintenance expense, labor expenses, and how often platooning situations occur. Fleets need to carefully evaluate their own operating environment and business models to decide if the cost of platooning technology is worth the investment.
Public Perception and Social Acceptance
Key Market Trends
Development of Autonomous Driving Technology
The most striking trend in the global truck platooning market is the ongoing development of autonomous driving technology. Autonomous driving technology has advanced to different levels of automation, and levels 2 and 3 automation have been critical in making truck platooning possible. Such levels of automation encompass capabilities such as adaptive cruise control, lane-keeping assistance, and automated braking. Truck makers and technology companies are busy creating and implementing these high-end autonomous driving capabilities, which are central to the safe and efficient functionality of platooning systems. These solutions enable trucks to observe safe distances behind them, remain within lanes, and react to varying traffic conditions. As autonomous driving technology matures and improves, it makes truck platooning more capable and reliable, and thus more appealing to fleet operators who are looking for improved efficiency and safety.
Connectivity and Vehicle-to-Vehicle (V2V) Communication
Connectivity and vehicle-to-vehicle (V2V) communication are basic trends that underlie the efficacy of truck platooning. Trucks within a platoon must communicate with one another in real-time in order to maintain accurate following distances and coordinate their responses. V2V communication makes this possible and allows trucks to act as a single entity. Improvements in connectivity technologies like 5G are improving the reliability and performance of V2V communication. This trend is significant because it enables platooning trucks to respond rapidly to traffic conditions and maintain safe distances. Moreover, advances in cybersecurity practices are essential to safeguard against potential hacking attacks and ensure the integrity of V2V communication systems. As V2V communication capabilities advance further, the feasibility and safety of truck platooning become more enhanced. This is closely related to the evolution of vehicle-to-infrastructure (V2I) communication, where trucks exchange information with traffic management systems and infrastructure elements, further streamlining platooning operations and traffic flow.
Expansion of Platooning Trials and Pilots
Platooning trials and pilots are growing around the world as different stakeholders aim to have hands-on experience and knowledge of platooning technology. Such trials consist of live trials of platooning systems, either with the industry stakeholders, technology vendors, and/or government institutions. Several regions and nations have already embarked on platooning trials to determine the pros and cons of using the technology. The European Union has supported many platooning initiatives, including the European Truck Platooning Challenge, where it tested platooning demonstrations within several countries within the EU. These trials provide valuable data on the savings in fuel consumption, road safety improvements, and traffic benefits of platooning. They are also used as a means of interacting with regulators and the public, considering concerns and generating support for platooning technology. With more trials being conducted and demonstrating the potential of platooning, it clears the path for wider uptake and commercial roll-out.
Collaboration and Partnerships
Partnership and collaboration between industry stakeholders are also becoming more common in the international truck platooning market. Owing to the complexities of platooning technology, partnership is necessary to overcome the challenges and issues of implementing it. Manufacturers of trucks are partnering with technology companies and research organizations to design and improve platooning systems. Likewise, fleet operators and logistics companies are collaborating with technology providers to pilot and implement platooning technology in their operations. Government authorities and transportation agencies are also actively working with industry players to develop regulatory guidelines and infrastructure support. These collaborative efforts are advantageous in a number of ways. They enable the sharing of resources and expertise, resulting in more efficient and stronger platooning solutions. Second, cooperation assists in standardizing platooning technologies to guarantee interoperability and safety. The globalized nature of the trucking business renders cross-border cooperation and standardization measures especially vital for the success of platooning technology.
Industry-Specific Solutions and Use Cases
Segmental Insights
Download Sample Ask for Discount Request Customization
Technology Type Analysis
Adaptive cruise control (ACC) market growth is anticipated to be fueled by strict government regulations relating to road safety. In 2022, the Adaptive Cruise Control (ACC) market category accounted for the largest proportion. Commercially found at adaptive cruise control and collision avoidance technologies are essential for the efficient operation of platooning. Consequently, there is a rising need for adaptive cruise control among platooned vehicles. With adaptive cruise control, the car's speed is automatically adjusted to match that of the car in front of it. Therefore, it is projected that increasing demand for precise speed matching among platooned vehicles will fuel the segment's expansion. During the projected period, the Forward Collision Warning (FCW) segment is anticipated to develop at the fastest rate. When cars are operated unattended, forward collision warning is crucial to prevent accidents.
Level of Autonomy Analysis
The market is divided into two categories based on degree of autonomysemi-autonomous and completely autonomous. In 2022, the semi-autonomous segment led the market, and it is anticipated that this dominance will last the entire projection period. The majority of trucks on the market now use semi-autonomous technology. These trucks have connected technologies and advanced driver assistance systems (ADAS). As a result, it is probable that the growing platooning utilization of these semi-autonomous vehicles would propel market expansion during the projection period. Additionally, the adoption of autonomy in the trucking sector falls short of market expectations and is predicted to take a long time to mature. Therefore, fleet managers' only practical choice is to use semi-autonomous trucks.
Regional Insights
The biggest market share was held by Europe in 2022, and it is predicted that this supremacy will last the entire prediction period. Major trucking firms like Daimler, MAN, and others are present, which is promoting market expansion in the area. For example, most companies that offer truck platooning technology, including Volvo, Daimler, Scania, MAN, and others, are situated in Europe. The ENSEMBLE initiative also intends to introduce multi-brand truck platooning throughout Europe to increase efficiency and traffic safety, which is likely to spur market expansion. Furthermore, Europe has the strictest safety regulations of any other nation. For instance, from 2015, all trucks in Europe must feature advanced emergency braking and lane-keep assistance.
Recent Developments
- TuSimple,a multinational provider of autonomous driving technology, started testing itslevel 4 autonomous vehicles in June 2023. The crucial freight corridor in Japanis where the test run began. The major Japanese cities, including Nagoya,Osaka, and Tokyo, are connected by the freight corridor.
- TuSimplebegan testing its driverless vehicles on Chinese highways in June 2023. TheShanghai administration gave its approval to the "Driver Out" run.
- May2023EASE Logistics collaborated on the Rural Automated Driving Systems (ADS)initiative with DriveOhio and the Ohio Department of Logistics (ODOT) tointroduce automated trucking technologies on routes that generate income.
- TwoPeterbilt trucks were electronically handshake-linked in March 2022 to createclose following distances for platooning trials in Alberta, Canada. In earlierstudies conducted by Auburn University and FP Innovations, platoons were seenon Quebec highways and logging roads. The lead truck of the platoon is inresponsibility of the car behind it is partially automatically controlledduring acceleration and braking.
- Allof the leading European truck manufacturers agreed on a multi-brand platooningtechnology in March 2022, and IVECO helped develop and deploy it. Thefour-month research, which was supported by the EU, showed how platooning couldbe essential to attaining sustainable transportation. Platooning enhancestraffic efficiency, road safety, CO2 emissions, and fuel economy.
Key Market Players
- AB Volvo
- Daimler
- Scania
- Peloton Technology
- Continental AG
- Volkswagen AG
- Wabco
- Navistar, Inc.
- MAN
- ZE Friedrichshafen AG
- Bendix Commercial VehiclesSystems LLC
|
By Technology Type |
By Infrastructure Type |
By Level of Autonomy |
By Region |
|
|
|
|
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy