The global demand for Automotive Platooning Systems Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Automotive platooning systems are automobiles that move together and communicate actively with one another. It reduces the distance between two vehicles by combining electronic and mechanical connections and various technologies to provide safe and appropriate transportation. The automotive platooning system allows vehicles to closely follow each other, minimizing air drag and enhancing fuel efficiency. Platooning may also improve vehicle capacity on roadways, notably on freight lines.
The additional benefits of vehicle platooning systems, such as excellent fuel efficiency, fewer traffic accidents, and decreased congestion, are one of the main factors driving market expansion. The growing automotive manufacturing industry will likely increase demand for automotive platooning systems, propelling the global market. Additional benefits provided by the product, such as safe and effective transportation and enhanced driving and vehicle productivity, will provide new chances for the automotive platooning system market. The leading automotive platooning systems market companies are substantially investing in platooning technology development. Lack of awareness, poorer adoption of self-driving car technology in some countries, and a lack of infrastructure development are among the foremost obstacles that will limit the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive platooning systems. The growth and trends of Automotive Platooning Systems Industry provide a holistic approach to this study.
This section of the automotive platooning systems market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Vehicle To Vehicle (V2V)
- Vehicle To Infrastructure (V2I)
- Passenger Vehicles
- Commercial Vehicles
This section covers the regional outlook, which accentuates current and future demand for the Automotive Platooning Systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Platooning Systems Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive platooning systems market include The Mercedes-Benz Group AG, Continental AG, Peloton Technology, MAN SE, IVECO Group N.V., Scania AB, Volvo Cars, Delphi Technologies, Nokia Growth Partners, Meritor Wabco, Navistar International Corporation, and TomTom N.V. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.