#truck platooning market size

[kirancmi]

Truck Platooning Market Is Estimated To Witness High Growth Owing To Fuel Efficiency

Truck platooning involves linking two or more trucks together electronically using wireless vehicle-to-vehicle (V2V) communication and automated driving support systems to safely coordinate acceleration and braking without driver intervention. Platooning can assist the driver by following the lead vehicle to maintain distance and speed without manually having to accelerate or brake. The technology uses radar, GPS, and vehicle-to-vehicle communication to coordinate the flows of traffic to reduce aerodynamic drag and improve fuel efficiency. Truck platooning allows closely following truck in the platoon to operate its engine at reduced revolutions per minute, or at reduced levels of resistance since it is drafting behind the lead truck. The global Truck Platooning Market is estimated to be valued at US$ 2.52 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key drivers for the growth of the truck platooning market is fuel efficiency. Truck platooning assists in reducing fuel consumption and improving fuel economy by lowering aerodynamic drag. The trailing trucks experience a reduction in drag of approximately 10-20% as compared to trucks traveling individually. Studies have shown that platooning trucks could reduce fuel consumption by 4-10% while maintaining cruising speed at highway conditions. This is a viable solution to cut down fuel and operational costs for fleet owners and trucking companies. Additionally, truck platooning also helps reduce traffic congestion and improves road safety as multiple vehicles drive closer together in coordinated motion. However, lack of infrastructure and standardized regulations regarding platooning operations are some challenges restraining the market growth. SWOT Analysis Strength: Truck platooning offers significant fuel savings and reduced emissions. Linking trucks electronically allows them to draft much closer than unaided drivers safely can, reducing wind resistance and saving fuel. This is an eco-friendly option which can help fleet operators reduce their operating costs. Weakness: Successful implementation of truck platooning requires high-level of coordination between multiple trucks simultaneously. Even a small error or miscommunication can potentially lead to accidents. Additionally, many older trucks may not be equipped with the advanced automation and connectivity capabilities required for platooning. Opportunity: With growing focus on sustainability and cost reductions, many countries are promoting use of fuel-efficient transportation options. Favorable government regulations and incentives for truck platooning can boost its adoption. Also, the technology is well-suited for long-haul freight transport on highways, which presents a large addressable market. Threats: Legacy operators may be hesitant to invest in new automation systems due to high upfront costs. Further, connectivity and cybersecurity challenges need to be addressed to ensure safe operations. Any high-profile platooning accidents early on can undermine users' confidence in the new technology. Lack of standardized guidelines across regions also poses a threat. Key Takeaways The global Truck Platooning market growth is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis shows that North America currently dominates the market and is expected to maintain its lead through 2030. Growing highway freight transport activities and supportive regulatory environment for connected vehicles have made USA and Canada frontrunners for truck platooning adoption. Europe is continuously working towards standardized regulations for advanced driver-assistance technologies and collaborative driving. Countries like Germany, France and the Netherlands offer lucrative opportunities due to focus on connected mobility. Meanwhile, Asia Pacific is touted to be the fastest growing regional market. China, India, and Japan are proactively testing truck platooning with an aim to realize efficiency gains in logistics. Key players operating in the Truck Platooning market are Imerys S.A., Sibelco, RHI Magnesita, Omya Group, JFE minerals, Varbar dolomite, Lhoist Group, Arij Global Trading, Nordkalk Corporation, Beihei Group, Arihant Minchem, and Carmeuse. These leading automotive manufacturers and technology providers are launching innovative solutions for motorway-based truck platooning. They have also formed strategic partnerships with logistics companies to demonstrate platoon operations and identify integration challenges.

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[univdatosmarket]

Global Truck Platooning Market is expected to exceed the market valuation of more than US$ 500 million in 2027 and is expected to grow at a significant CAGR of ~45% during the forecast period (2021-2027)

[leeb57555]

Truck Platooning Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

It is common to hear in the news that a truck met with an accident, and the truck driver got badly injured or died. According to the data of National Safety Council, 5700 large trucks were involved in a fatal crash in 2021, which was 18% more than the preceding year.

So, the challenges involved in the day-to-day job of a truck driver on the job is a big reason for the shortage of labor in the industry. Trucking also involves long, hours spent squeezed into a cab. There are strict deadlines to be met, and this job requires the utmost attention. It is important that quality of life of the trucker should be improved, and truck platooning can surely help you with the way forward.

It is a Semi-Autonomous Approach

If you talk about platooning, it does not replace the existing trucks with a driverless solution, so, it is clear that it is not about full autonomy. Yes, you can always think of platooning as a strategy, which is made possible with the help of the developments in the field of connected driving.

Platooning is when many trucks, in the guidance of a lead truck can follow each other closely. These can accelerate, break, and take a turn while semi-automatic features in the lead truck reduces the probability of human error. Although, the lead truck is controlling the fleet, the following trucks will also have drivers so that they can complete their scheduled deliveries, by breaking the chain.

Fuel Costs are Reduced Considerably

It is not just about enhanced safety but, platooning can do good for the truck drivers and the trucking companies as well. By letting trucks to drive in close proximity, there is a reduction of the aerodynamic drag and the space taken by the trucks on the road, reducing the costs of fuel.

Room For Relaxation on the Roads

This might spring a surprise to many that how it is possible to have a room for relaxation, and that too while driving such a heavy vehicle, like truck. But, believe me it is true.

Platooning also enhances the experience of trucking. Drivers in the trucks, following the lead feel comfortable because of the presence of technology. It allows them to take their foot of the pedal and relax.

The Concept of Tele-Trucking

With the improvement in technology, platooning could transform the trucking industry. Drivers can monitor and operate their trucks remotely. And many drivers could work from the same room, decreasing the level of loneliness.

Get More Insights: Truck Platooning Market Analysis and Demand Forecast Report

There is often a threat to people with technology, that it could replace people but it is too hard to be true. With the implementation of truck platooning, it will not replace people, but it would take out the dullness from their jobs and make it more enjoyable.

Final Sum Up

It is quite clear that due to the need for safer road transport by the people, and to make the life of the truckers a bit easier, the demand for truck platooning will continue to advance in the future.

[mi-researchreports]

Truck Platooning Market is poised to grow at a CAGR of 32 % by 2027. Factors driving the Truck Platooning Market are number of road accidents and focus on reducing transportation operating costs.

[sophiabernard861]

The global Truck Platooning market size is expected to be worth around US$ 3549.38 billion by 2030, according to a new report by Precedence Research.

The global Truck Platooning market size was valued at US$ 63.94 billion in 2021 and is anticipated to grow at a CAGR of 56.2% during forecast period 2022 to 2030.

[businesspointnews]

Demand for Truck Platooning Booming Globally

Demand for Truck Platooning Booming Globally

In recent years, the popularity of truck platooning has surged massively. This has been primarily because of the various advantages offered by this technology, such as safer, cleaner, and more efficient road transport. Moreover, truck platooning assists in reducing the emission of carbon dioxide (CO2) and the consumption of fuel by trucks. As per the European Federation for Transport and…

[atomicdinosaurdonut]

truck platooning technology Market Size Synopsis and Highlights, Key Findings, Major Companies Analysis and Forecast to 2023

Market Synopsis:                                                

Platooning is extremely useful in automotive sector. It is used with the objective of enhancing fuel efficiency, decreasing pollution, and augmenting safety. Truck platooning caters to a range of trucks equipped with automated driving support systems and connectivity technology, one closely following the other. The platoon works fine with the first truck leading other vehicles behind the trucks transforming to the changes in the shifting of the first trucks. The trucks keep a close distance between each other, which curbs the fuel consumption, CO2 emissions, and air drag. The vehicle manufacturers are creating novel technologies such as automated driving support systems to excel the multi brand platooning and platooning technology. The forces that are responsible for the development of truck platooning market are strict environment norms, the increasing sales of commercial vehicles, and innovation in platooning technologies. Platooning extends autonomous driving experience, which decreases driving efforts and the quantity of accidents as well as it enhances operational efficacy, which propels the the market growth. Platooning encorages road transport in a more effective, cleaner, and safer way, which boosts demand for platooning in the worldwide market. Truck platooning is estimated to develop the demand in verticals like transportation, road development, information technology, and logistics, because of the increasing need for automated technologies. The government of Europe has taken a number of initiates to allow cross-border, large-scale, transportation through truck platooning. Additionally, the European automakers have been working on enabling truck platooning with the aid of only front truck driver in the future. On the other hand, the road infrastructure along with regulatory framework in Europe is likely to restrict the market growth. Market Research Future has conducted a comprehensive study on the global truck platooning market. The report published by Market Research Future states that the truck platooning market is estimated to expand at an approximate 11% CAGR by the conclusion of 2023.

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 Market Segmentation

The global truck platooning market is segmented based on vehicle type, technology, and component. Based on vehicle type, the market is segmented into heavy commercial vehicle and light commercial vehicle. Based on technology, the market is segmented into GPS, acceleration & braking controller, dedicated short range communication, cellular & Wi-Fi communication, and V2V communication. Based on components, the market is segmented into system display with rear time camera, forward looking camera, radar base collision mitigation, and driver-centric design.

Regional Analysis

Based on region, the market is segmented into Europe, Asia-Pacific, North America, and Rest of the World. The prevalence of automated technologies associated with platooning in most regions has driven the demand in the truck platooning market. Presence of key manufacturers in these regions and their association with the local players, over time, have broadened the market scope in these areas. Europe market is estimated to rule the global market over the assessment period. Truck platooning deals with high capital costs, which consequently turns into an entry barrier. Asia-Pacific market is likely to hold the second largest share throughout the review period owing to increasing demand of commercial vehicles in India. The surging demand of commercial vehicles has led to the growth in the truck platooning market. The minimum driving efforts along with safety and easy transportation for attaining the desired automated vehicles gives rise to the need for adoption of progressive technologies, such as platooning.

Key Players

Global truck platooning market is dominated by key players such as Scania AB (Sweden), Daimler AG (Germany), Peloton Technology (US), AB Volvo (Sweden), Meritor Wabco (Auburn Hills), Navistar International Corporation (US), Continental AG (Germany), Bendix Commercial Vehicles Systems LLC (Ohio), OTTO Technologies (San Francisco), and Delphi Automotive PLC (Dublin).

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[noi-siamo]

Let’s Be Humble

By: Jose A. (Spoken Word)

Whether I'm a street sweeper

or I write up tickets for people.

Work the post as a goalkeeper.

Do meticulous work on your skin with ink and a needle.

Throw away your garbage which

might not be rubbish for someone a little less set

or a food truck cook who serves a town's residents.

A bed maker,

Clothes presser,

fare taker,

or even a lion tamer.

I can be stuck washing dishes

or out in the sea casting big nets to catch fishes.

Share food for thought on the net.

Compose articles that summarize your city’s life on the net

or put the rock through a net.

Measure necks, arms, thighs, and waists

 in order to tailor something for a wedding that might go to waste.

Take kicks to the brain

or teach kids what part of the brain is used to memorize what it takes to get ahead.

Fly a rocket to the moon

or impale a whale with a harpoon.

Make riches or dig up trenches for partaking in a fallen goon’s demise

or waste clips on terrorists with my army platoon.

Maybe I'm given everything because I'm born with a silver spoon.

Let's be humble let's be humble real soon.

I can write the script for cartoons.

Anchor stories of celebrity sensations,breaking or fake news.

Be part of a grave shift crew

who serves burgers which shouldn't be considered real food to people who may be rude.

Prescribe drugs which you should consume

or face death should I not reduce my vices.

Be a detective that works with drugs and their devices.

Catch serial killers

or get guests garments that are different sizes.

Work as a carnie who hands out prizes

or hand out pints to those who work 9 to 5

and don't appreciate how well they have it.

I can be starving like Marvin.

Have nothing on my back and wake up in a garden, on the sands where broken shells is

or on the bench that’s a decoration for your local market.

Lose it all in the stock market

or make enormous profits.

You see life can take you and me down many different roads.

The key is to be humble

and to remember someone's life might be worse than yours.

[vynzresearch-blog]

Artificial Intelligence in Transportation Market is Expected to Incredible Growth during Forecast Year 2021-2027 | Key Players - Volvo Group, Scania Group, Man SE, Daimler AG, Magna, etc.

Global Artificial Intelligence in Transportation Market Insights, expected to reach $11.35 Billion by 2027 during forecast year 2021-2027", is added to the record of market research insights of VynZ Research. The report offers an exclusive study of the global Artificial Intelligence in Transportation market and refers to the key opportunities and growth drivers that are triggering the global market.

Emerging trends and their impact on the current as well as future market & developments are also being covered in the report.

However, the VynZ Research report emphasizes the industry-specific growth and its challenges by the major companies and the global Artificial Intelligence in Transportation market as a whole. This will help market participants to make meaningful decisions in terms of greenfield or brownfield investments on the behalf of the company.

Get a Free Sample Copy of this Research Report at https://www.vynzresearch.com/automotive-transportation/artificial-intelligence-in-transportation-market/request-sample

Market Segmentation

Understand the global and regional markets for the industry experts have studied the global Artificial Intelligence in Transportation Market by various segmentations, which include, product type, distribution channel, and propulsion type.

The analysis is based on the market potential, share, size, CAGR, consumption, and production. Additionally, market analysts have an emphasis on the potential regions, along with their respective major countries, which are forecasted to make a significant contribution to the related market growth.

Market Coverage

By Machine Learning Technology

Computer Vision

Deep Learning

Context Awareness

Natural Language Processing (NLP)

By Process

Data Mining

Signal Recognition

Image Recognition

By Application

Autonomous Trucks

Semi-Autonomous Trucks

Truck Platooning

Precision Mapping

Predictive Maintenance

HMI in the Trucks

Others

By Offering

Hardware

Central Processing Unit (CPU)

Graphics Processing Unit (GPU)

Sensors

Others

Software

Platforms

Solutions

By IoT Communication

LTE

LPWAN

5G

Ask for Customization: https://www.vynzresearch.com/automotive-transportation/artificial-intelligence-in-transportation-market/customize-report

Region Covered

North America - (U.S., Canada, and Mexico)

Europe - (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe)

Asia-Pacific - (China, Japan, India, South Korea, and Rest of Asia-Pacific)

Rest of the World (RoW) – (Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries)

Key Players:

Major players operating in the global Artificial Intelligence in Transportation market are also widely covered in the report. The Artificial Intelligence in Transportation industry report offers a definite understanding of the supplier’s landscape and the development of upcoming plans, which are likely to take place in the coming years.

This report will act as an effective tool for the market players to apprehend the competitive scenario in the global Artificial Intelligence in Transportation market and accordingly plan their strategic activities.

Prominent players in the global Artificial Intelligence in Transportation industry:

Volvo Group

Scania Group

Man SE

Daimler AG

PACCAR Inc.

Magna

Robert Bosch GmbH

Continental AG

Valeo SA

Alphabet Inc.

NVIDIA

Microsoft Corporation

ZF Friedrichshafen AG

Intel Corporation

[precedenceresearch]

Truck Platooning Market Exceeds 3549.38 Billion in Volume Globally by 2030

Truck Platooning Market Exceeds 3549.38 Billion in Volume Globally by 2030

The global truck platooning market size is predicted to reach around US$ 3549.38 billion by 2030, expanding at an annual CAGR of 56.2 percent, according to a 2022 study by Precedence Research, the Canada-based market Insight Company. The truck platooning market has been forecast based on volume (kilo tons) and value (US$ Mn) from 2022 to 2030. The report analyses and forecasts the truck…

[businesstobusiness-b2b]

Global Industry News: Autonomous Truck Market by 2030

The global Autonomous Truck Market size is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The forecast period is from 2024 to 2030. The autonomous truck segment is the future of the trucking and transportation industry. Especially after the global pandemic of COVID-19, many e-commerce and shipping companies will be looking to develop autonomous truck deliveries to avoid human contact.

Key Drivers:

Increasing emphasis on better road safety and traffic control

The ability of autonomous and semi-autonomous trucks to alleviate the truck driver shortage

The economic effect of autonomous & semi-autonomous trucks on the trucking industry

Top Players:

AB Volvo (Sweden), Robert Bosch (Germany), Continental AG (Germany), Denso (Japan), Aptiv (UK), Daimler (Germany), Paccar (US), Nvidia (US).

Top Start-ups:

Embark (US), Waymo (US), TuSimple (US), Tesla (US).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224614273

The North American region is estimated to account for the largest share of the semi-autonomous and autonomous truck market. North America is the technology leader in autonomous technology. The region is home to some of the leading technology developers, such as Waymo, Uber, Intel, and Embark. These companies are focusing on the development of autonomous technology. Also, in the US, the testing of autonomous vehicles has started in some states. This will create an opportunity for further development of autonomous trucks. For instance, Daimler tested its level 4 autonomous truck on the streets of Virginia, US. Also, the region is dominated by pickup trucks having advanced semi-autonomous driving features. Ford and GMC are some of the leading players offering pickup trucks in the country. Tesla will enter the market soon with its ‘Cybertruck’ having all the semi-autonomous features and an optional autonomous driving feature as well.

The ultrasonic segment is projected to have the largest market share in the semi-autonomous truck market by volume. Ultrasonic has a short-range and small Field of View (FoV). Hence, many ultrasonic sensors are used in semi-autonomous and autonomous trucks. Ultrasonic sensors are typically used for short-range object detection, which is applicable for parking ADAS features such as intelligent park assist. The cost of the ultrasonic sensors is less than other sensors. Currently, the cost of LIDARs is high, and generally, they are not installed in level 1 and level 2 semi-autonomous trucks.

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Autonomous Truck Market and Key Application:

Level 4 Autonomous Truck –

Level 4 trucks are highly automated trucks in which the system controls the steering, acceleration, and braking. The driving environment and dynamic driving tasks are also monitored and performed by the system. A vehicle with level 4 capability can do all the driving, but only in certain circumstances. The autonomous driving system notifies the driver when he can switch to the autonomous driving mode.

Last-Mile Delivery Truck –

Last-mile delivery trucks are used for logistics purposes in the distribution centre or facility to the end-user. These trucks are witnessing high demand due to the rise of the e-commerce sector. The aim is to be able to deliver goods to the consumer end in a specific time without delays and to reduce the delivery cost to the company. Using autonomous last-mile delivery trucks can help companies save 40% of the total cost.

Truck Platooning –

In truck platooning, two or more trucks are connected in a group with the help of connectivity technologies, autonomous driving, and artificial intelligence support systems such as adaptive cruise control and lane assist. These vehicles automatically keep a set close distance between each other. The truck at the head of the platoon acts as a leader, with the vehicles behind adapting and reacting to changes in its movement, requiring little or no action from the driver.