Truck Platooning Driving Connectivity Forward

Truck Platooning 

 Truck platooning utilizes connectivity through vehicle-to-vehicle communication to link commercial trucks together electronically using advanced driver assistance, connectivity, and sensor technologies. This allows them to automatically synchronize acceleration and braking for improved fuel efficiency. Truck platooning can significantly reduce aerodynamic drag and decrease wind resistance for the trailing trucks by up to 10%, resulting in savings of up to 25% on fuel costs over long distances. The global truck platooning market is estimated to be valued at US$ 2.52 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
Increasing adoption of autonomous trucks is expected to drive the truck platooning market growth over the forecast period. Truck platooning utilizes vehicle-to-vehicle (V2V) communication to allow trucks to communicate and automatically synchronize acceleration and braking actions. This reduces the need for human intervention in vehicle operation and enables semi-autonomous driving capabilities. Rising testing and deployment of autonomous trucking is making platooning a commercially viable solution. For instance, in July 2022, autonomous truck startup Embark partnered with Ryder to test platooning technology on Ryder trucks over long highway routes in the U.S. Such initiatives are increasing awareness about safety, efficiency and commercial benefits of truck platooning.

Segment Analysis
The key segment in the truck platooning market is autonomous truck platooning, which is expected to dominate the market during the forecast period. Autonomous truck platooning offers benefits such as reduced fuel consumption and operating costs for fleet owners. The technology allows trucks to automatically pair electronically and travel in convoy with minimum human intervention. This improves freight transport efficiency on highways by reducing traffic congestion.

Key Takeaways
The global truck platooning market analysis is expected to witness high growth during the forecast period from 2023 to 2030.

Regional Analysis: The technology is likely to gain rapid adoption in North America and Europe where road infrastructure is most suitable for autonomous driving. Regional analysis reveals that North America currently dominates the global market owing to large scale testing of platooning systems by major fleet operators.

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. The market players are investing heavily in development of advanced driver assistance systems and connectivity solutions to facilitate vehicle-to-vehicle communication needed for automated convoy formation. They are also focusing on partnerships with truck manufacturers and fleet operators to accelerate commercialization.

Get more insights on this topic: https://www.newswirestats.com/truck-platooning-market-industry-insights-trends-truck-platooning-market/

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