Market for Automotive Adaptive Cruise Control is segmented by Technology (Lidar, Radar, Laser and Ultrasonic), Vehicle Type (Passenger car and Commercial Vehicle), End use (OEM and Aftermarket), and region.
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Automotive Adaptive Cruise Control Market Key Manufacturers Analyzed:
Autoliv Inc. (Sweden), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), Valeo SA (France), Hyundai Mobis (South Korea), ZF Friedrichshafen AG (Germany), Magna International Inc (Canada), and Mando Corporation (South Korea).
Automotive Adaptive Cruise Control Market Overview:
Market Research Future has published its report on the global automotive adaptive cruise control (ACC) market which reveals that the global market is anticipated to grow at a CAGR of 8.56% during the forecast period of 2017 to 2023. The growing demand and development of intelligent cars and autonomous cars has drastically affected to growth of the ACC market. Growth of the market is expected to lead to an estimated evaluation of USD 15,457 Mn by the end of 2023.
The factors helping the growth of automotive adaptive cruise control market are advancement in technology, increase in sale of passenger cars in emerging countries, and growing need for passenger safety. Advancements in technology, have driven the passengers to install adaptive cruise control in their vehicle for improved safety. The demand for better passenger safety, have led to growing use of adaptive cruise control in their vehicle.
The increased use of ACC have led to growth of the market during the forecast period. The increase in the sale of passenger cars in the emerging nations, have led to the increased use of adaptive cruise control in vehicles. This has also led to the growth of the market. The rising number of accidents have led to increase in installation of adaptive cruise control in vehicles. All the above factors have led to the growth of the market during the forecast period.
The global automotive adaptive cruise control market is segmented on the basis of technology, vehicle type, end user and region. By technology the market is segmented into radar, lidar, laser, and ultrasonic. The radar segment accounts for the largest segment due to its ability to automatically detect other vehicles and their distance, thus increasing passenger safety.
By vehicle type, the market is segmented into commercial vehicle and passenger cars. The passenger car segment is expected to lead the market due to the massive sales of this type of vehicle in emerging economies.
By end-use, the market is divided between aftermarket and OEM. Globally, the market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World.
On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World.
North America region is expected to dominate the adaptive cruise control market during the forecast period due to the increase in production of vehicles, and stringent government regulations. The increased use of adaptive cruise control in vehicles, has also led to the growth of the region. Different government administration such as The National Highway Traffic Safety Administration have adopted some safety regulations in cars. These stringent regulations have led to the increased use of adaptive cruise control in the vehicle.
Europe is expected to be the second largest market during the forecast period due to the increase in the sale of passenger and commercial vehicles. The increase in the sale of passenger and commercial vehicles have led to the growth of this market.
Asia Pacific is expected to grow at the highest CAGR during the forecast period due to rise in the number of electric vehicles in China. The growing electric vehicle is expected to lead to increase in use of adaptive cruise control, which will ultimately result in the growth of the market during the forecast period.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Stud
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
List of Table:
TABLE 1 EUROPE AUTOMOTIVE ADAPTIVE CRUISE CONTROL, BY REGION 2011-2027, ($ MILLION)
TABLE 2 NORTH AMERICA AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET, BY TECHNOLOGY , BY REGIONS, 2017-2023
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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