NEW YORK, March 24, 2022 /PRNewswire/ -- As per Zion Market Research study, Automotive Platooning System industry gathered revenue worth about US$ 2.7 billion in 2021 and is slated to accumulate returns of approx. US$ 30.2 billion by 2028. In addition to this, Automotive Platooning System market is set to register CAGR of nearly 54.1% in 2022-2028. Apparently, expansion of automotive platooning system industry over forecasting timeline is subject to need for reduced traffic jams, road accidents, and enhancement of fuel economy. Thriving automotive sector will further contribute towards growth of automotive platooning system market in years ahead. Key players in automotive platooning business are investing massively in development of novel platooning systems, thereby driving market trends. A prominent surge in acceptance of vehicle-to-vehicle and vehicle-to-infrastructure technologies will amplify demand for automotive platooning systems.
Zion Market Research published the latest report titled as"Automotive Platooning System Market- By Type (Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I)) and By Application (Passenger Vehicles and Commercial Vehicles): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022-2028."into their research database.
Automotive Platooning System Market: Overview
Vehicle platooning is an intelligent transport system app that has evolved as potential solution for traffic management in highway. The key concept of automotive platooning system is a set of vehicles travelling together while maintaining a meager distance between them. This can result in rise in traffic capacity along with enhanced traffic management activities as well as reduction in travelling timespan. Precisely, automotive platoon system is viewed as vehicle group travelling in close co-ordination with headway control mechanism. Furthermore, passenger safety & comfort is improved with acceleration & deceleration scenario removed as well platoon vehicle considered as a sole unit.
Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/automotive-platooning-system-market
Our Free Sample Report Includes:
- 2022 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 172 + Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Zion Market Research methodology
Industry Dynamics:
Automotive Platooning System Market: Growth Dynamics
Platooning provides massive benefits including fuel economy, enhanced road safety, and improved road capacity. This will drive growth of automotive platooning system industry over forecasting timeline. Furthermore, automotive platooning system makes use of myriad techniques for attaining safe & effective transport. Apparently, vehicle platooning tools reduce distance between two automotive through use of mechanical and electronic coupling. In addition to this, it facilitates vehicle to move at rapid pace and stop simultaneously. Moreover, these systems assist in improving fuel efficiency and reducing traffic jams as well as vehicular collisions.
Additionally, thriving vehicle manufacturing sector is set to crop up growth of automotive platooning system industry. Moreover, large numbers of participants are investing majorly in developing automotive platooning systems, thereby creating new growth avenues for automotive platooning system industry. However, key challenges to growth of automotive platooning system industry are technical errors of automotive, impaired drivers, and implementation of novel applications in current road infrastructure.
Directly Purchase a Copy of the Report @ https://www.zionmarketresearch.com/buynow/su/automotive-platooning-system-market
Vehicle To Vehicle (V2V) Segment To Dominate Type Landscape Over 2022-2028
Expansion of vehicle to vehicle (V2V) segment over forecasting period is due to ability of vehicle to vehicle communications tools in sharing data pertaining to speed, location, and direction of vehicles. Apart from this, it offers exact information to commuters about other kind of automotive on roads, thereby minimizing chances of fatal vehicular collisions.
Passenger Vehicles Segment To Account Majorly Towards Overall Market Size By 2028
Segmental growth over forecasting timeframe can be attributed to escalating use of automotive platooning system in passenger vehicles. In addition to this, need for reducing traffic jams will translate into huge penetration of automotive platooning tools in passenger vehicle segment. Apparently, it also reduces carbon emissions along with enhancing fuel efficacy.
Get More Insight before Buying @: https://www.zionmarketresearch.com/inquiry/automotive-platooning-system-market
List of Key Players of Automotive Platooning System Market:
- 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
- TomTom N.V.
Key Industry Insights & Finding of the Automotive Platooning System Market Reports:
- As per the analysis shared by our research analyst, the Automotive Platooning System Market is expected to grow annually at a CAGR of around 54.1% (2022-2028).
- Through the primary research, it was established that the Automotive Platooning System Market was valued approximately USD 2.7 billion in 2021 and is projected to reach to roughly USD 30.2 billion by 2028.
- Major players in countries such as the U.S. will multiply automotive platooning system market earnings
Key questions answered in this report:
- What are the growth rate forecast and market size for Automotive Platooning System Market?
- What are the key driving factors propelling the Automotive Platooning System Market forward?
- What are the most important companies in the Automotive Platooning System Market Industry?
- What segments does the Automotive Platooning System Market cover?
- How can I receive a free copy of the Automotive Platooning System Market sample report and company profiles?
Report Scope:
Report Attribute | Details |
Market size value in 2021 | USD 2.7 Billion |
Revenue forecast in 2028 | USD 30.2 Billion |
Growth Rate | CAGR of almost 54.1% 2022-2028 |
Base Year | 2020 |
Historic Years | 2016 - 2021 |
Forecast Years | 2022 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | 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. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. https://www.zionmarketresearch.com/custom/177 |
Free Brochure: https://www.zionmarketresearch.com/requestbrochure/automotive-platooning-system-market
Regional Dominance:
North American Market To Exhibit Tremendous Surge Over Forecast Timeline
Growth of regional market over forecasting period is subject to rise in use of automotive platooning systems in countries such as Canada and the U.S. Furthermore, presence of major players in countries such as the U.S. will multiply automotive platooning system market earnings. Huge focus of market players on minimizing GHG emissions will expedite growth rate of regional market over forecasting period. A prominent increase in utilization of trucks for goods transport will contribute substantially towards automotive industry size, thereby driving regional market trends.
Global Automotive Platooning System Market is segmented as follows:
Automotive Platooning System Market: By Type Outlook (2022-2028)
- Vehicle to Vehicle (V2V)
- Vehicle to Infrastructure (V2I)
Automotive Platooning System Market: By Application Outlook (2022-2028)
- Passenger Vehicles
- Commercial Vehicles
Automotive Platooning System Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Press Release For Automotive Platooning System Market: https://www.zionmarketresearch.com/news/automotive-platooning-system-market-to-hit-elevating-heights
Browse Other Related Research Reports from Zion Market Research
- Automotive Panoramic Sunroof Market: The global automotive panoramic market was worth around USD 2.21 billion in 2021 and is estimated to grow to about USD 4.98 billion by 2028, with a compound annual growth rate (CAGR) of approximately 15.4 percent over the forecast period.
- Automotive Engine Oil Market: The global Automotive Engine Oil Market accrued earnings worth approximately 38.12 (USD Billion) in 2021 and is predicted to gain revenue of about 48.19 (USD Billion) by 2028, is set to record a CAGR of nearly 3.5% over the period from 2022 to 2028.
- Recreational Vehicle Market: The global Recreational Vehicle Market accrued earnings worth approximately 55.2 (USD Billion) in 2020 and is predicted to gain revenue of about 130.1 (USD Billion) by 2028, is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028.
Browse through Zion Market Research's coverage of the Global Automotive Industry
Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/
Follow Us on Twitter: https://twitter.com/zion_research
Follow Us on Facebook: https://www.facebook.com/zionmarketresearch/
About Us
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us-after all-if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com/
Blog - https://zmrblog.com/
Logo: https://mma.prnewswire.com/media/1605489/Zion_Market_Research_Logo.jpg
