Technavio has announced the top 13 leading vendors in their recent global truck platooning system market report until 2020. The top vendors are identified taking into account their revenue, technology, geographical presence, and end users.
Competitive vendor landscape
Truck platooning tests are being conducted across the globe and though the tests have validated the benefits associated with platooning, the market still is very far from reaching its market potential. This stems from low consumer awareness, a lack of adequate infrastructure, fickle system reliability, and relative low maturity of the autonomous vehicle technology. Technavio believes that though the market for truck platooning systems currently appears nascent because only a few vehicles are being equipped with truck platooning systems, platooning technologies may become an inherent part of every future truck engineered with standardized connected vehicle service offerings.
According to Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research, “Collaborative efforts between truck platooning system providers, connected truck service providers, R&D organizations, OEMs, transportation and logistics service providers, and regulators will play an important part in boosting the penetration of truck platooning systems in the truck market in the coming years.”
Additional Insights: Which U.S. States are in Favor of Truck Platooning Technology?
Technavio research analysts categorize the global truck platooning system market vendors into two segments: key vendors and other prominent vendors
Key vendors:
Daimler
Daimler is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. Daimler is a leader in the autonomous trucks market.
The company's strategy is geared to enhance safety and the company will continue to invest in autonomous technological innovations. These may help Daimler to emerge as one of the leaders in the development of truck platooning systems. The company was also one of the participants in the European Truck Platooning Challenge held in 2016.
Peloton Technology
Peloton Technology is a vehicle automation company based in Silicon Valley, California. The company's products deliver advanced safety, fuel savings, and analytics to trucking fleets. The firm is headquartered in Mountain View, US.
Peloton is a market leader in truck platooning systems development and deployment in the US and other regional truck markets. Several companies that include OEMs and Tier-I operators have invested in Peloton to promote the development and commercialization of truck platooning systems.
Scania
Scania offers heavy trucks, buses, engines, and services with a focus on low-carbon solutions. The company is headquartered in Sweden. Scania truck deliveries amounted to 69,762 units in 2015.
The company collaborated with the Swedish National Road and Transport Research Institute, KTH, Volkswagen Research, and other partners to test vehicle platoons on a 323-mile route between the cities of Södertälje and Helsingborg in Sweden.
Volvo
The Volvo Group manufactures trucks, buses, construction equipment, and marine and industrial engines. The firm is headquartered in Gothenburg, Sweden.
Volvo Group Venture Capital is a subsidiary of the Volvo Group. In 2015, the firm made an investment in Peloton Technology to contribute to the development of platooning technologies. The company has always pursued partnerships to diversify its offerings.
Other prominent vendors:
Continental
Continental is a leading German automotive manufacturing company that specializes in tires, brake systems, automotive safety, powertrain and chassis components, tachographs, and other parts for the automotive and transportation industries. Truck platooning plans by the US Army present a significant opportunity to Continental.
Delphi
Delphi is a leading global supplier of technologies for the automotive and commercial vehicle market. The firm works to make vehicles smarter, safer, and efficient. The US Army has announced plans for driverless truck platoons with V2X in 2016; this development indicates significant market opportunity for Delphi.
Hino
Hino is a Japanese manufacturer of commercial vehicles and diesel engines headquartered in Hino-shi, Tokyo, Japan. The company is an active participant in truck platooning projects that included the Japan Energy ITS automated truck platoon project.
IVECO
IVECO is a manufacturer and supplier of commercial trucks, parts, and diesel engines. A two-truck platoon of semi-autonomous Iveco trucks traveled from Brussels to Rotterdam to demonstrate reduced fuel consumption at the European Truck Platooning Challenge in April 2016.
MAN Truck & Bus
MAN Truck & Bus is the largest subsidiary of the MAN Corporation and one of the leading international providers of commercial vehicles. MAN trucks and Scania trucks (Volkswagen) rely on digitally connected trucks. MAN and Scania participated in the 2016 European Truck Platooning Challenge.
Meritor Wabco
Meritor Wabco offers advanced safety technology and efficient, integrated brake systems. The firm's anti-collision and safety control systems enable adaptive cruise control systems and autonomous braking in truck platooning systems. Meritor Wabco, Peloton, and Denso have collaborated to showcase truck platooning technologies.
Navistar
Navistar manufactures commercial trucks, buses, defense vehicles, and engines. The company indicated its positivity in matters of implementing truck platooning in 2016.
PACCAR
PACCAR is a global leader in the design, manufacture, and customer support of high-quality premium trucks. Paccar's subsidiary Peterbilt Trucks and vehicle safety and component makers Peloton Technology and Meritor Wabco have participated in a study (Driver Assistive Truck Platooning) conducted by ATRI, the US Federal Highway Administration, and Auburn University.
TomTom
TomTom Telematics is a world leader in fleet management and telematics. As commissioned by the Innovation Lab recently, Simacan and TomTom have produced an online tool based on GPS. This system tracks the progress of truck platoons and the various incidents they encounter on their way; these may include roadworks, tailbacks, and accidents.
