Truck Platooning Systems Market Share

North American Market Forecast

The truck platooning systems market in North America is expected to observe the largest market value during the estimated period owing to the strong inclination towards the adoption of new technologies in the region.  In addition, the development of favorable regulatory policies in the United States, and increasing investments in Truck Platooning Systems by market players are also projected to fuel market expansion. Besides, the transportation landscape plays a crucial role in operational logistics and trucks are one of a significant part of this sector in this region. In June 2018, FedEx, Volvo, and Carolina Turnpike Authority all together declared to test the platooning of Volvo trucks on the highway of North Carolina.

APAC Market Statistics

It is anticipated that the Asia Pacific truck platooning systems market would experience significant expansion during the forecast period. The growth of the regional industry can be attributed to the growing investments to launch full-scale truck platooning operations in the region. Moreover, increasing demand for efficient and safer transportation, the requirement to reduce fuel consumption and emissions, and advancement in technology are factors driving the expansion of the market in the region.