Automotive Platooning System Market to Witness Rapid Growth by 2028

The automotive platoon systems market is expected to grow at a CAGR of 53.5% during the forecast period 2022-2028. The car platoon system consists of connected vehicles that can communicate with each other. The key factor of this technology is the reduction of fuel consumption, emissions and also the improvement of traffic flow, which saves time. The car platoon system in passenger vehicles is used to reduce traffic congestion. It reduces the travel time between two destinations by connecting commercial vehicles and passenger vehicles. The system also reduces fuel consumption, CO₂ emissions, accidents, etc. It helps in efficient use of the road.

Company Profile

• Scania
• Volvo
• Continental
• Delphi
• IVECO
• MAN Truck & Bus
• Meritor Wabco

Market Segmentation

By Type:

• Vehicle to Vehicle (V2V)
• Vehicle to Infrastructure (V2I)

By Application:

• Passenger Vehicles
• Commercial Vehicles

Scope of the Report

The research study analyzes the Automotive Platooning System Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Platooning System Market Report

1. What was the Automotive Platooning System Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Automotive Platooning System Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Automotive Platooning System Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Automotive Platooning System Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Automotive Platooning System
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Automotive Platooning System
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Automotive Platooning System Market.