ACC is Projected to Dominate the Truck Platooning Market

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Truck Platooning Market by Type (DATP,
Autonomous), Systems (ACC, AEB, FCW, GPS, HMI,
LKA, BSW), Sensor (Lidar, Radar, Image), Services
(Telematics- ECall, ACE, Tracking, Diagnostics,
Platooning- Pricing, Match Making), Region -
Global Forecast to 2030
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ACC to be the largest market, by system, in the
truck platooning market Adaptive cruise control
(ACC) is an ADAS feature that uses radar to sense
the vehicles in front and adjusts the speed of
the vehicle according to the distance between the
trucks in platooning. ACC is also called active
cruise control, autonomous cruise control,
intelligent cruise control, or radar-based cruise
control. ACC is an essential system for enabling
truck platooning. The cost of this system is on
the higher side as it requires expensive sensors
such as Radar and LiDAR. As a result, ACC is
projected to be the largest market, by system, in
the global truck platooning market. PDF
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Image sensor to be the fastest growing market for
truck platooning, by sensor type The image
sensor can detect a vehicles surrounding
environment and provide detailed information. It
is mostly used for object and traffic light
detection. Currently, both 2D and 3D image
sensors are used. The number of image sensors
used in truck platooning depends on the level of
autonomy and the number of trucks involved in the
platoon. Due to the increasing accuracy of object
detection, the number of image sensors installed
in a truck (for platooning) is expected to
increase in the future. In truck platooning,
image sensors are used in several
applications/systems such as driver drowsiness,
blind spot warning, road sign recognition, front
monitoring, and lane keep assist. As these
applications/systems are key for effective
implementatiuon of truck platooning, the image
sensor market is projected to be the fastest
growing market, by sensor type. Request for
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The driver-assistive truck platooning (DATP)
segment is projected to hold the largest share in
the truck platooning market, by platooning type.
Developed countries such as the US, Netherlands,
Sweden, and the UK are likely to deploy DATP on
roads in the near future. In June 2018, Volvo
Trucks North America joined hands with FedEx and
the North Carolina Turnpike Authority to
demonstrate on-highway truck platooning in North
Carolina. Adaptive cruise control (ACC) is
projected to be the fastest growing segment of
the truck platooning market, by systems. ACC is
an essential system for truck platooning
operations. ACC helps to automate the speed of
the trucks with the help of V2V
communication. Request Sample _at_
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Americas is estimated to be the leading market
for truck platooning The transportation market
in the Americas, which slowed down temporarily
due to the financial downturn during 20072009,
is now undergoing moderate growth. The
transportation industry, particularly in the US
and Canada, has seen an increasing trend of
downsizing and rightsizing the overall market for
transportation. Market growth will likely be
driven by two key factorsrapid development of
autonomous vehicle technology and the strict
government regulations for road safety. The
significant platooning testing and increased
funding from the government are expected to play
a major role in the development of this
technology. In 2016, the US government spent USD
4.00 billion to accelerate the acceptance of
autonomous vehicles on US roads. In September
2017, Daimler Trucks North America announced the
testing of truck platooning operations on public
highways of Oregon and Nevada in the US. Speak
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Market Ecosystem The ecosystem of the vehicle
security system industry consists of
manufacturers such as Robert Bosch GmbH
(Germany), Continental AG (Germany), and Lear
Corporation (U.S.), research institutes such as
the Automotive Research Association of India
(ARAI), European Automotive Research Partners
Association (EARPA), and the United States
Council for Automotive Research (USCAR), and
regional automobile associations such as China
Association of Automobile Manufacturers (CAAM),
Japan Automobile Manufacturers Association
(JAMA), and the European Automobile Manufacturers
Association (ACEA). Buy Now
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Browse gtgt 90 market data
tables 50 figures
162 pages and in-depth TOC  "Truck
Platooning Market by Type (DATP, Autonomous),
Systems (ACC, AEB, FCW, GPS, HMI, LKA, BSW),
Sensor (Lidar, Radar, Image), Services
(Telematics- ECall, ACE, Tracking, Diagnostics,
Platooning- Pricing, Match Making), Region -
Global Forecast to 2030 Early buyers will
receive 10 customization on this
report. This study answers several questions
for the stakeholders, primarily which market
segments to focus on in the next two to five
years to prioritize efforts and investments.
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