Pune, Maharashtra, India, September 24 2020 (Wiredrelease) Allied Analytics –:Stringent government policies for reducing emissions in the transport sector lowered fuel consumption and supportive government initiatives for platooning drive the growth in the global truck platooning market.
Allied Market Research published a report, titled, “Truck Platooning Market by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V2V), and Vehicle-to-everything (V2X)): Global Opportunity Analysis and Industry Forecast, 2018–2025.” According to the report, the global truck platooning market garnered $500.9 million in 2017 and is expected to garner $4.59 billion by 2025, growing at a CAGR of 32.4% from 2018 to 2025.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/5245
Stringent government policies for reducing emission in the transport sector, lowered fuel consumption, and supportive government initiatives for platooning drive the growth in the market. However, expensive platooning technology and increase in security & privacy concerns hinder the market growth. On the other hand, expanding size of fleet of truck platooning and surge in production of fully autonomous trucks create new pathways in the industry.
Adaptive cruise control (ACC) technology to maintain the highest share by 2025
Based on technology, the adaptive cruise control (ACC) technology accounted for the highest market share in 2017, contributing nearly one-fourth of the total share. This is due to its advantages such as crash avoidance, less driver fatigue, and others. However, the blind spot warning (BSW) technology is expected to register the highest growth rate, with a CAGR of 38.4% from 2018 to 2025. This is attributed to reliable information provided regarding vehicle’s blind spot, safe lane changing, high level of safety, and others.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/5245
Driver-assistive tuck platooning (DATP) segment to dominate throughout the forecast period
Based on platooning type, the driver-assistive tuck platooning (DATP) segment contributed nearly 99% of the total market share in 2017, and is estimated to maintain its dominance throughout the forecast period. This is owing to autonomous trucks being in development phase along with feasibility of trucks with level 1 and level 2 automation for truck platooning. However, the autonomous truck platooning segment is expected to grow at the largest CAGR of 46.6% during the forecast period, 2018–2025. This is due to continuous developments carried out by the leading truck manufacturers producing trucks equipped with autonomous technology.
North America to maintain its dominant position by 2025
North America contributed nearly half of the total share in terms of revenue in 2017, owing to supportive government policies for carrying out tests for platooning trucks on the roads. This region would maintain its dominant position throughout the forecast period. However, LAMEA is estimated to register the highest growth rate with a CAGR of 36.0% from 2018 to 2025, owing to reduction in fuel consumption, lowered carbon emissions, and others.
Browse Complete Report at https://www.alliedmarketresearch.com/truck-platooning-market
Key market players
Leading market players analyzed in the truck platooning market research include AB Volvo, Continental AG, Bendix Commercial Vehicles Systems LLC, Delphi Automotive PLC, Daimler AG, Navistar International Corporation, Meritor Wabco, Peloton Technology, OTTO Technologies, Scania AB, and others.
Have a Look at Some The Similar Reports We Have:
Self-Driving Truck Market by Level of Autonomy (Level One, Level Two, Level Three, and Level Four) and Industry Vertical (Logistics, Construction & Manufacturing, Mining, and Port) – Global Opportunity Analysis and Industry Forecast, 2020-2025.
ATV and UTV Market by Vehicle Type (ATV and UTV), Displacement (≤ 400 (CC), 400-800 (CC), and ≥ 800 (CC)), Fuel Type (Gasoline Powered, Diesel Powered, Electric Powered, and Solar Powered), Application (Utility, Sports, and Others), and End-user Vertical (Agriculture, Military, Mountaineering, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025.
Self-Driving Truck Market by Level of Autonomy (Level One, Level Two, Level Three, and Level Four) and Industry Vertical (Logistics, Construction & Manufacturing, Mining, and Port) – Global Opportunity Analysis and Industry Forecast, 2020-2025.
Electric Drive Mining Truck Market by Type (Rear Dump, Bottom Dump, and others), by Size Class (Small, Medium, Large, and Ultra), and by Sales Channel (OEM and Aftermarket) – Global Opportunity Analysis and Industry Forecast, 2017-2025.
Truck Rental and Leasing Market by Lease Type (Finance Lease and Full-Service Lease), Truck Capacity (Class 6 and Below and Class 7 and Above), and End User (commercial customers and non-commercial customers): Global Opportunity Analysis and Industry Forecast, 2019–2026 Region and Industry Forecast, 2018–2025.
Electric Truck Market by Propulsion (Battery Electric Truck, Hybrid Electric Truck, Plug-in Hybrid Electric Truck, and Fuel Cell Electric Truck), Vehicle Type (Light-duty Electric Truck, Medium-Duty Electric Truck, and Heavy-Duty Electric Truck) and Range (0-150 miles, 151-300 miles, and 300 miles above): Global Opportunity Analysis and Industry Forecast, 2020–2027.
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at contact@wiredrelease.com.
source https://wiredrelease.com/press-release/truck-platooning-market-supportive-government-regulation-for-testing-truck-platooning-technology-2020-09-24
No comments:
Post a Comment