Truck Platooning Market Report 2026

The truck platooning market size has grown exponentially in recent years. It will grow from $3.53 billion in 2025 to $4.57 billion in 2026 at a compound annual growth rate (CAGR) of 29.7%. The growth in the historic period can be attributed to increasing long-haul freight transportation, growth of telematics adoption in trucking, rising fuel cost optimization initiatives, expansion of connected vehicle infrastructure, availability of advanced sensor technologies.

The truck platooning market size is expected to see exponential growth in the next few years. It will grow to $12.77 billion in 2030 at a compound annual growth rate (CAGR) of 29.3%. The growth in the forecast period can be attributed to increasing investments in autonomous freight solutions, rising regulatory support for platooning trials, expansion of smart highway infrastructure, growing focus on emission reduction in logistics, increasing integration of ai-based fleet coordination. Major trends in the forecast period include increasing adoption of connected truck convoys, rising deployment of v2v communication systems, growing integration of advanced driver assistance systems, expansion of fuel-efficient freight operations, enhanced focus on road safety automation.

The rising sales of commercial vehicles are expected to drive the growth of the truck platooning market. Commercial vehicles, used for transporting goods or people for business purposes, create increasing demand for platooning technologies that enhance operational efficiency, reduce fuel consumption, and improve road safety. As the number of trucks on the road rises, businesses seek solutions like truck platooning to optimize fleet operations. For instance, in April 2025, the European Automobile Manufacturers Association (ACEA) reported that EU electrically chargeable bus registrations in Q1 2025 surged by 50.3%, increasing their market share from 13% in Q1 2024 to 19.9%. Therefore, growing commercial vehicle sales are fueling truck platooning adoption.

Growing manufacturing activities are also driving the truck platooning market. Manufacturing, the process of converting raw materials into finished products using machinery and labor, relies on efficient logistics and transport solutions. Truck platooning systems support automated loading, reduce manual labor, enhance productivity, and streamline supply chain operations. For example, in July 2023, Eurostat reported that seasonally adjusted industrial production in the Eurozone rose by 0.2% in May 2023, while the European Union as a whole grew by 0.1% compared with April 2023. This growth in manufacturing activities underscores the need for advanced platooning solutions to improve logistics efficiency.

Leading companies in the truck platooning market are focusing on the development of innovative services, such as Telematics Solutions, to consolidate AI-powered fleet safety, risk management, and operations. This approach represents a significant advancement in telematics technology, streamlining and enhancing various aspects of fleet management. For instance, in October 2023, Nauto, a U.S.-based company specializing in AI-driven driver safety technology, launched new telematics capabilities providing visibility into vehicle tracking, utilization, misuse, and maintenance planning. The integrated solution addresses the challenge of multiple devices in commercial vehicle cabs, enabling fleet operators to reduce costs and optimize efficiency. Additionally, Nauto's safety features have been enhanced with specialized detectors that generate specific alerts, differentiating between pedestrians, bicyclists, and motorcyclists in situations where there's a detected risk of collision with these vulnerable road users (VRUs).

Major companies operating in the truck platooning market report include Daimler AG, Aktiebolaget Volvo, Continental AG, Navistar Inc., Scania AB, IVECO SpA, Hino Motors Ltd., Nvidia Corporation, Bendix Corporation, MAN Truck & Bus SE, DAF Trucks NV, Omnitracs LLC, Robert Bosch GmbH, ZF Friedrichshafen AG, PACCAR Inc., WABCO Holdings Inc., Stoneridge Inc., Denso Corporation, Magna International Inc., Aptiv plc, Autoliv Inc., Valeo SA, Mobileye Global Inc., TomTom NV, Trimble Inc., Waymo LLC, Aurora Innovation Inc., TuSimple Holdings Inc., Embark Trucks Inc., Plus.ai, Kodiak Robotics Inc., Locomation Inc.

Asia-Pacific was the largest region in the truck platooning market in 2025. North America is expected to be the truck platooning market report fastest-growing region in the forecast period. The regions covered in the truck platooning market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the truck platooning market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The truck platooning market consists of revenues earned by entities by providing adaptive cruise control (ACC), global positioning systems (GPS), and human-machine interface (HMI) in truck platooning. The market value includes the value of related goods sold by the service provider or included within the service offering. The truck platooning market also includes sales of sensors that are used in providing truck platooning services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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