ACC is Projected to Dominate the Truck Platooning Market

1. Truck Platooning Market by Type (DATP, Autonomous), Systems (ACC, AEB, FCW, GPS, HMI, LKA, BSW), Sensor (Lidar, Radar, Image), Services (Telematics- ECall, ACE, Tracking, Diagnostics, & Platooning- Pricing, Match Making), Region - Global Forecast to 2030 www.MarketsandMarkets.com

2. ACC to be the largest market, by system, in the truck platooning market Adaptive cruise control (ACC) is an ADAS feature that uses radar to sense the vehicles in front and adjusts the speed of the vehicle according to the distance between the trucks in platooning. ACC is also called active cruise control, autonomous cruise control, intelligent cruise control, or radar-based cruise control. ACC is an essential system for enabling truck platooning. The cost of this system is on the higher side as it requires expensive sensors such as Radar and LiDAR. As a result, ACC is projected to be the largest market, by system, in the global truck platooning market. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=157561428

3. Image sensor to be the fastest growing market for truck platooning, by sensor type The image sensor can detect a vehicle’s surrounding environment and provide detailed information. It is mostly used for object and traffic light detection. Currently, both 2D and 3D image sensors are used. The number of image sensors used in truck platooning depends on the level of autonomy and the number of trucks involved in the platoon. Due to the increasing accuracy of object detection, the number of image sensors installed in a truck (for platooning) is expected to increase in the future. In truck platooning, image sensors are used in several applications/systems such as driver drowsiness, blind spot warning, road sign recognition, front monitoring, and lane keep assist. As these applications/systems are key for effective implementatiuon of truck platooning, the image sensor market is projected to be the fastest growing market, by sensor type. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=157561428

4. The driver-assistive truck platooning (DATP) segment is projected to hold the largest share in the truck platooning market, by platooning type. Developed countries such as the US, Netherlands, Sweden, and the UK are likely to deploy DATP on roads in the near future. In June 2018, Volvo Trucks North America joined hands with FedEx and the North Carolina Turnpike Authority to demonstrate on-highway truck platooning in North Carolina. Adaptive cruise control (ACC) is projected to be the fastest growing segment of the truck platooning market, by systems. ACC is an essential system for truck platooning operations. ACC helps to automate the speed of the trucks with the help of V2V communication. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=157561428

5. Americas is estimated to be the leading market for truck platooning The transportation market in the Americas, which slowed down temporarily due to the financial downturn during 2007–2009, is now undergoing moderate growth. The transportation industry, particularly in the US and Canada, has seen an increasing trend of downsizing and rightsizing the overall market for transportation. Market growth will likely be driven by two key factors—rapid development of autonomous vehicle technology and the strict government regulations for road safety. The significant platooning testing and increased funding from the government are expected to play a major role in the development of this technology. In 2016, the US government spent USD 4.00 billion to accelerate the acceptance of autonomous vehicles on US roads. In September 2017, Daimler Trucks North America announced the testing of truck platooning operations on public highways of Oregon and Nevada in the US. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=157561428

6. Market Ecosystem: The ecosystem of the vehicle security system industry consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Lear Corporation (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=184165229

7. Browse >> 90market data tables 50figures 162 pagesand in-depth TOC "Truck Platooning Market by Type (DATP, Autonomous), Systems (ACC, AEB, FCW, GPS, HMI, LKA, BSW), Sensor (Lidar, Radar, Image), Services (Telematics- ECall, ACE, Tracking, Diagnostics, & Platooning- Pricing, Match Making), Region - Global Forecast to 2030“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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