The truck platooning market is poised to gain significant momentum between 2022 and 2030 driven by the deployment of stringent regulations that promote road safety. The rising prevalence of road accidents has compelled organizations in the road freight sector to look for technologies that can address this issue. According to the International Organization of Motor Vehicle Manufacturers, vehicle to everything (V to X) communication technologies when combined with platooning helped reduce truck accidents by 80%.

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Advanced communication and networking systems are enhancing platooning capabilities and road safety. In March 2022, the Alberta Motor Transport Association (AMTA) announced the completion of the first ever on-road commercial truck platooning trials in Canada. The project studied different simulations and track data to determine the potential benefits of platooning technologies.

The rise in demand for heavy-duty electric vehicles for freight services is offering lucrative scope for the adoption of platooning services. For instance, in 2022, Scania partnered with Einride to boost the electrification of road freight. As a part of the deal, Einride will roll out 110 trucks developed by Scania in the second half of 2022.

The global truck platooning market is classified based on vehicle type, autonomous level, communication technology, component, system, and region.

In terms of the autonomous level, the industry is segregated into fully autonomous and partially autonomous. In 2021, the partially autonomous segment held a market share of more than 70%. Truck platooning ensures that a predetermined gap is maintained between the trucks in the fleet and reduces the force of disturbance for steady vehicle following. The connected fleet can smoothly operate different functions such as braking and turning together. Semi-autonomous features of the lead truck limit the number of human errors while driving, thereby preventing crashes.

In terms of communication technology, the global truck platooning market is bifurcated into vehicle to vehicle (V to V), vehicle to infrastructure (V to I), and vehicle to everything (V to X). The vehicle to everything (V to X) segment is expected to register over 30% CAGR from 2022 to 2030. The rising demand for V to X truck platooning can be credited to its ability to improve road safety and traffic management at all levels of vehicle automation. It can also enhance deceleration and braking functions and alert sensors if they are unable to detect.

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By system, the truck platooning industry is fragmented into human-machine interface (HMI), global positioning system (GPS), blind spot warning (BSW), lane-keep assist (LKA), automatic emergency braking, cooperative adaptive cruise control (CACC), and forward collision warning (FCW). The human-machine interface (HMI) segment held a market share of more than 14% in 2021. HMI systems allow truck fleets to view data such as temperature, speed, and humidity. Advancements in HMI technology are enabling monitoring, tracking, and supporting different transportation systems, pushing truck fleet operators to integrate it in platooning.

From a regional perspective, Europe truck platooning market share was registered at more than 35% in 2021. Increasing adoption of driver-assistance technologies for mitigating accidents will post sustainable growth opportunities for truck platooning brands across Europe. These systems use advanced cutting-edge sensors that operate across diversified climate conditions.

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