Truck Platooning Systems Market Size

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. In the year 2025, the industry size of truck platooning systems is assessed at USD 167.91 million. The market is primarily driven by the growth in car accidents due to driver errors and growing intent on lowering the transportation operational cost. As per the statistics, the highest number of road accidents were reported on highways which was 35% followed by state highways in India. Due to the wide demand for automated technologies in these sectors, the truck platooning system demand is anticipated to grow in various industries such as transportation, logistics, road development, and the IT sector.

Moreover, with the increasing production of commercial vehicles and rising demand for enhanced driver systems in vehicles, these technologies are gaining huge recognition. As per the data, approximately 24 million units of heavy buses, light commercial vehicles, and trucks were produced globally in 2021.  These systems allow more predictive driving of trucks at the same time it also enhances the safety & security of other people on the road. New trends in the road freight sectors are enabling truck fleets to get equipped with the latest and advanced technologies.