Global Automotive Platooning System Market, By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), Mode of Communication (Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Platooning System Market
Automotive platooning system market will grow at a CAGR of 22.30% in the forecast period of 2021 to 2028. The rising automotive manufacturing is an essential factor driving the automotive platooning system market.
Automotive platooning systems is described as the collection of vehicles which travel together and that are in active coordination with each other. It decreases the distance between two vehicles using electronic and mechanical coupling and uses different technologies to attain safe and competent transport.
The rising advantages such as great fuel economy, less traffic collisions and reduced congestion is an essential factor accelerating the market growth, also rising need for enhancing fuel and traffic efficiency and escalating need for reducing carbon emissions are the major factors among others boosting the automotive platooning system market. Moreover, added beneficial features offered by the product such as safe and competent transport along with the improved driving and vehicle productivity will further create new opportunities for automotive platooning system market in the forecast period mentioned above.
However, lack of customer awareness, lower acceptance of self-driven vehicle technology in some of the countries and lack of infrastructural development are the major factors among others which will curtail the market growth, and will further challenge the automotive platooning system market in the forecast period mentioned above.
This automotive platooning system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive platooning system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Platooning System Market Scope and Market Size
Automotive platooning system market is segmented on the basis of vehicle type and mode of communication. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of vehicle type, the automotive platooning system market is segmented into light commercial vehicles and heavy commercial vehicles.
- The automotive platooning system market is also segmented on the basis of mode of communication into vehicle to vehicle (V2V) and vehicle to infrastructure (V2I).
Global Automotive Platooning System Market Scope Country Level Analysis
Automotive platooning system market is analysed and market size, volume information is provided by country, vehicle type and mode of communication as referenced above.
The countries covered in the automotive platooning system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the automotive platooning system market due to execution of favorable regulations and a well-established and advanced ICT infrastructure facility.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Platooning System Market Share Analysis
Automotive platooning system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive platooning system market.
The major players covered in automotive platooning system market report are Peloton Technology, Scania, Volvo Car Corporation (or its affiliates or licensors)., Continental AG, Delphi Technologies, IVECO, MAN, Meritor, Inc, Navistar, Inc., NGP Capital, TomTom International BV., Robert Bosch Gmbh, Delphi Automotive Plc, Continental Ag, Valeo, Autoliv Inc and Omnivision Technologies Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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