Truck Platooning Market

Truck Platooning Market Size, Share, Trends, Growth, and Industry Analysis, By Technology (DSRS V2V Communication, Acceleration & Braking Controller), By Component (System Display with Rear Time Camera, Forward Looking Camera, RADAR Base Collision Mitigation), Regional Analysis and Forecast 2032.

Automobile & Transportation | April 2024 | Report ID: EMR00764 | Pages: 256

Global Truck Platooning market size was USD 1.54 billion in 2023 and the market is projected to touch USD 3.69 billion by 2032, at a CAGR of 10.2% during the forecast period.


The truck platooning is an innovative technology in the transportation industry that involves a group of trucks traveling closely together using advanced technologies such as vehicle-to-vehicle communication and sensors. This arrangement enables trucks to drive closely behind each other, reducing air resistance and increasing fuel efficiency. Truck platooning also focuses on improving safety by implementing automated driving systems that regulate speeds and distances between vehicles, ultimately decreasing the chances of accidents. The truck platooning market is set for substantial growth in the upcoming years due to the rising need for effective freight transportation solutions and the growing use of automation in the logistics sector.

Truck platooning is becoming increasingly popular in the transportation industry due to the cost-saving and efficiency benefits it offers to fleet operators. By reducing aerodynamic drag and optimizing fuel consumption through platooning, companies can see a significant decrease in fuel costs, which makes up a large portion of their operational expenses in long-haul transportation. Additionally, the safety enhancements provided by platooning technology, like automated braking and adaptive cruise control, can play a crucial role in preventing accidents and lowering insurance costs for fleet operators. Regulatory agencies globally are actively investigating the advantages of truck platooning and implementing favourable policies.


Global Truck Platooning report scope and segmentation.

Report Attribute


Estimated Market Value (2023)

USD 1.54 Billion

Projected Market Value (2032)

USD 3.69 Billion

Base Year


Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Technology, By Component, & Region.

Segments Covered

By Technology, By Component, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Truck Platooning dynamics

In the truck platooning market, various factors contribute to its growth and global adoption. An important factor is the growing emphasis on sustainability and environmental awareness in the transportation industry. Truck platooning provides substantial fuel efficiency enhancements, resulting in lower carbon emissions and environmental footprint. With governments and regulatory agencies enforcing more stringent emissions regulations and promoting cleaner technologies, truck platooning becomes an attractive option for fleet operators seeking to comply with these standards and cut operational expenses.

One of the main factors driving the growth of the truck platooning market is the advancements in technology, especially in automation and connectivity. The introduction of advanced sensors, vehicle-to-vehicle communication systems, and sophisticated driver assistance systems (ADAS) has made it possible for truck platooning operations to be safe and efficient. Moreover, the incorporation of artificial intelligence and machine learning algorithms allows for continuous enhancement of platooning systems, improving their performance and dependability over time. With technology becoming more advanced and widely available, the obstacles to implementing truck platooning solutions are anticipated to decrease, thereby boosting market expansion.


Global Truck Platooning drivers

  • Cost Efficiency

One key factor driving the truck platooning market is its ability to greatly improve cost efficiency for fleet operators. By cutting down on aerodynamic drag and maximizing fuel consumption with platooning, companies can save a lot on fuel, which is a big part of their long-haul transportation costs. Additionally, automating processes to reduce labour costs and boost fleet productivity also helps with cost savings. In order to enhance profitability and stay competitive in the logistics sector, businesses are expected to embrace truck platooning for its cost-saving advantages.

  • Technological Advancements

As technology keeps improving, especially in automation and connectivity, it plays a crucial role in driving the truck platooning market forward. Sensor technology, vehicle communication systems, and advanced driver assistance systems have all contributed to making truck platooning safer and more efficient. Furthermore, the use of artificial intelligence and machine learning algorithms helps enhance and optimize platooning systems continuously, making them more reliable and capable over time. As technology becomes more sophisticated and accessible, the barriers to entry for adopting truck platooning solutions are expected to decrease, fostering greater market adoption and expansion.



  • Regulatory Hurdles

The truck platooning industry faces obstacles due to regulations in different regions, which can hinder its growth. Varying rules on autonomous vehicles and platooning operations make it difficult for industry players to comply with. Legal uncertainties, safety concerns, and infrastructure needs can hold back fleet operators from adopting platooning technology. Resolving regulatory issues is key to maximizing the benefits of truck platooning.

  • Infrastructure Readiness

One challenge for the truck platooning market is the need for infrastructure to fully support widespread adoption. Successful platooning operations depend on strong communication networks, roadside infrastructure, and supportive policies to seamlessly integrate with current transportation systems. Unfortunately, the current infrastructure not be up to the task of meeting the technological needs of truck platooning, especially in rural or less developed areas. Closing infrastructure gaps and investing in required upgrades are key to overcoming this challenge and allowing for the efficient deployment of truck platooning solutions.



  • Environmental Sustainability

Concerns about climate change and environmental sustainability are on the rise, creating a promising market for truck platooning. This technology offers a chance to lower carbon emissions and lessen the environmental effects of transporting goods. By enhancing fuel efficiency and streamlining logistics, platooning can contribute to reducing the transportation sector's carbon footprint. As sustainability becomes a top priority for governments and consumers, companies can take advantage of truck platooning to meet their eco-friendly objectives and save money at the same time.


Segment Overview

  • By Technology

By Technology Truck platooning market is segmented into Dynamic Speed and Range Sensing (DSRS), Vehicle-to-Vehicle (V2V) Communication, and Acceleration & Braking Controllers. DSRS uses high-tech sensors to measure the speed and distance between vehicles in a platoon, ensuring safe and efficient operation by adjusting speed and following distance dynamically.

V2V communication allows real-time data sharing between platooning trucks, enabling coordinated movements and improving safety and efficiency. Acceleration and Braking Controllers use advanced algorithms to control vehicle speed and braking in a platoon, maintaining smooth and synchronized movements while improving fuel efficiency. These technologies are key components of truck platooning systems, promoting better teamwork between vehicles and reaping the rewards of platooning for fleet operators.

  • By Component

By Component Truck platooning market is segmented into System Displays with Rear-Time Cameras, Forward-Looking Cameras, and RADAR-Based Collision Mitigation systems. The System Displays with Rear-Time Cameras offer real-time visual feedback to drivers, showing the positions of other vehicles in the platoon and increasing situational awareness and safety.

Forward-Looking Cameras record visual information of the road ahead, allowing for predictive analysis and proactive manoeuvres to avoid possible dangers or obstacles. RADAR-Based Collision Mitigation systems use radar technology to identify objects and obstacles in the vehicle's path. They can automatically apply brakes or alert the driver to avoid collisions. These components work together to improve the safety and performance of truck platooning systems, giving drivers and fleet operators the tools they need to navigate transportation environments efficiently.


Global Truck Platooning Overview by Region

In North America, innovation and technology play a significant role, with companies investing in research and development to improve platooning systems. Regulatory policies and infrastructure investments also contribute to market growth, especially in key transportation routes. In Europe, the adoption of truck platooning is driven by strict emissions regulations and a focus on sustainability to enhance fuel efficiency and reduce carbon emissions.

Furthermore, teamwork between industry players and governments is boosting innovation and trial projects to showcase the effectiveness of platooning technology. The Asia Pacific region is experiencing a surge in market growth due to rapid urbanization and higher demands for freight transportation. Countries such as China are investing in smart transportation infrastructure and forming partnerships to implement platooning solutions.



Global Truck Platooning market competitive landscape

Key companies such as Daimler AG, Volvo Group, and Peloton Technology dominate the market with their extensive experience and robust technological capabilities in developing and deploying platooning systems. These industry leaders leverage their strong brand reputation, research and development investments, and strategic partnerships to maintain a competitive edge and drive market expansion. Additionally, emerging players like Einride, Embark Trucks, and TuSimple are disrupting the market with their focus on autonomous driving technologies and innovative business models.

These companies often specialize in specific segments of the platooning ecosystem, such as software development or sensor technology, and strive to differentiate themselves through superior performance, reliability, and cost-effectiveness. Moreover, partnerships and collaborations between technology providers, fleet operators, and regulatory bodies are increasingly common, as stakeholders seek to accelerate the adoption of truck platooning and address challenges such as regulatory compliance and infrastructure readiness. As competition intensifies and market demands evolve, agility, innovation, and strategic alliances will be crucial for companies to succeed and thrive in the dynamic landscape of the truck platooning market.

Key Players:

  • Daimler AG
  • Volvo Group
  • Peloton Technology Inc.
  • Einride AB
  • Embark Trucks Inc.
  • TuSimple Inc.
  • Waymo LLC
  • Tesla, Inc.
  • Uber Technologies, Inc.
  • Aurora Innovation Inc.
  • Starsky Robotics Inc.
  • Kodiak Robotics Inc.
  • Inc.
  • Zoox Inc.


Global Truck Platooning Recent Developments

  • June 2023, TuSimple initiated trials of its level 4 autonomous vehicles in Japan's vital freight corridor connecting Nagoya, Osaka, and Tokyo.
  • June 2023, TuSimple commenced testing its autonomous trucks on public roads in China with approval from the Shanghai government for the 'Driver Out' run.
  • May 2023, EASE Logistics collaborated with the Ohio Department of Logistics (ODOT) and DriveOhio's Rural Automated Driving Systems (ADS) project to implement automated trucking technology on revenue-generating routes.
  • Feb 2023, Italian transport firm IVECO and US-based trucking technology company Plus began public road trials of their jointly developed next-generation automated trucks in Germany.


Scope of global Truck Platooning report

Global Truck Platooning report segmentation



By Technology

  • DSRS V2V Communication
  • Acceleration & Braking Controller

By Component

  • System Display with Rear Time Camera
  • Forward Looking Camera
  • RADAR Base Collision Mitigation

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Truck Platooning size and forecast: To identify and estimate the market size for global Truck Platooning market segmented By Technology, By Component, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Truck Platooning
  • Market Influencing Factors: To find out the factors which are affecting the market of global Truck Platooning among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Truck Platooning forecast period is 2024 - 2032
According to global Truck Platooning research, the market is expected to grow at a CAGR of ~ 10.2% over the next eight years.
The possible segments in global Truck Platooning are based on By Technology, By Component, & by region.
The expected market size for Global Truck Platooning is USD 1.54 billion in 2023.
The major players in the market are Daimler AG, Volvo Group, Peloton Technology Inc., Einride AB, Embark Trucks Inc., TuSimple Inc., Waymo LLC, Tesla, Inc., Uber Technologies, Inc., Aurora Innovation Inc., Starsky Robotics Inc., Kodiak Robotics Inc., Inc., NAVYA SA, Zoox Inc.

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