Platooning on Highways Market Scope
The term vehicle platooning uses radar and vehicle-vehicle communications to form and sustain a close-headway formation between two or more in-lane vehicles. It guides the vehicles both longitudinally and laterally at highway speeds, implying at least Level 2 automation. Each vehicle interconnects with the other vehicles in the platoon. Image sensors can identify a vehicle's surrounding environment and deliver detailed information. Currently, both 2D and 3D image sensors are used in platooning. The number of image sensors used in truck platooning depends on the level of self-sufficiency and the number of trucks involved in the platoon.
The market study is being classified, by Application (Commercial Vehicles, Passenger Car [Heavy Trucks, Light Trucks] and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Platooning on Highways market throughout the predicted period.
Daimler (Germany), Volkswagen (Germany), NVIDIA (United States), Peloton Technology (United States), Volvo Group (Sweden), Scania (Sweden), Toyota (Japan), Bendix Commercial Vehicles Systems (United States), DAF Truck (Netherlands), Continental AG (Germany), IVECO (Italy) and MAN Truck & Bus (Germany) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Platooning on Highways market by Type, Application and Region.
On the basis of geography, the market of Platooning on Highways has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On March 12, 2019 - IVECO, FPT Industrial and Nikola Corporation has presented the scope and plans of the joint venture and collaboration agreement established to accelerate industry transformation towards emission neutrality of Class 8 heavy-duty trucks in North America and Europe through the adoption of fuel-cell technology.
On July 17, 2019 - Peloton Technology Inc., the leading connected and automated vehicle technology company, unveiled its vision for doubling the productivity of drivers through the development of its new Level 4 Automated Following solution.
- Advancement in Technology and Stringent Vehicle Norms in Emerging Economies
- Interoperability of Truck Platooning Method and Platforms Integrating Connected Technologies
- Rising Adoption of Advanced Driver Assistance System (ADAS) Features and Significant Platooning System
- Reducing CO2 Emission and Reduction in Fuel Consumption
- Anticipated Changes in the Truck Platoon Business Models
- Lack of Infrastructure in the Transport System
- Concerns over Data Privacy and Cybersecurity Regulations
Key Target AudienceManufacturers of Autonomous Vehicle, Suppliers of Autonomous Vehicle, Automotive Electronic Component Suppliers, Automotive OEMs and Technology Providers
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