Truck Platooning Systems Market Analysis

Truck Platooning Systems Segmentation

Technology (Acceleration & Braking Controller, GPS, Cellular & Wi-Fi Communication, DSRS Vehicle to Vehicle Communication)

In terms of technology, the GPS segment in the truck platooning systems market is poised to witness substantial growth by the end of 2037. These modules utilize GSM technology to locate vehicles efficiently. Similarly, each platoon of vehicles has installed GPS, RADAR, and cameras for quick response in circumstances that may prevent sudden accidents. A significant study conducted by Indiana University discovered that around 90% of accidents take place owing to human error. However, this technology can help in reducing the chances of accidents by helping the driver to take the correct decision at the correct time while driving.

Vehicle (Light Commercial, Heavy Commercial)

The heavy commercial segment is estimated to observe the highest share in the truck platooning systems market between 2023 – 2037 on the basis of vehicle segmentation in the truck platooning system landscape. Truck platooning systems are widely installed in heavy commercial vehicles to improve road efficiency, prevent drivers from road accidents, and make sure there’s faster delivery of goods.

Our in-depth analysis of the global market includes the following segments:

Component	Forward-Looking Camera System Display with Rear Time Camera Driver-Centric Design RADAR Base Collision Mitigation
Technology	Acceleration & Braking Controller GPS Cellular & Wi-Fi Communication DSRS Vehicle-to-Vehicle Communication
Vehicle	Light Commercial Heavy Commercial

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of truck platooning systems is assessed at USD 167.91 million.

The truck platooning systems market size was over USD 112.72 million in 2024 and is likely to reach USD 41.91 billion by the end of 2037, witnessing around 61.2% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by rising concerns for road safety and security and a growing focus on reducing transportation operating costs.

North America industry is set to reach largest revenue share by 2037, owing to strong inclination towards the adoption of new technologies in the region.

The major players in the market include Daimler AG, Volvo Group, Scania AB, Paccar Company, Peleton Technology, Bendix Commercial Vehicles Systems LLC, Clearpath Robotics, Inc., Continental AG, WABCO Vehicle Control Systems LLC, TRATON SE.

Truck Platooning Systems Market Analysis