Adaptive Cruise Control Market 2021
Adaptive cruise control systems are majorly used in automotive to control the speed of vehicle. It automatically controls the speed of vehicle by slowing down the speed in traffic and increasing when there is no obstacle. Currently, automotive industry is moving towards electrifications and automation. It uses various sensors for detecting the distance between two vehicles. It increases the safety and reduces the risk of accidents. Additionally, it has been attached to pre-crash systems that alerts the vehicles spontaneously applying brakes. Some of factors like increase in the sale of passenger cars, advancement in technology, and growing safety of passengers are responsible for the growth of adaptive cruise control market.
Global adaptive cruise control market is expected to grow at a CAGR of 13.2 % during the forecast period, 2021–2026.
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Autoliv Inc. (Sweden), Continental AG (Germany), DENSO CORPORATION (Japan), Delphi Automotive PLC (U.K), Robert Bosch GmbH (Germany), HYUNDAI MOBIS (South Korea), ZF Friedrichshafen (Germany), Magna International Inc., (Canada), and Mando Corporation (South Korea) and more…
Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2021 to 2026
By Vehicle Type
- Passenger car
- Commercial vehicle
By end use
- North America
- Asia Pacific
- Latin America
Geographically, adaptive cruise market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
In North America, the rising concern for human safety is a key factor that drives the growth of adaptive cruise control market. Additionally, stringent government regulations for safety in propelling the growth of market.
Europe adaptive cruise market comprised of key manufacturers which makes it a major production hub and home for adaptive cruise control technology.
In Asia pacific, some of the factors like increasing demand for luxury and premium cars are responsible for growth of adaptive cruise system market. Additionally, in Asia Pacific emerging countries like China, India, and Thailand are propelling the growth of market.
Why buy this report?
- Historical inferences, findings & analysis of the market from 2016 to 2018
- Projections and performance forecast analysis for the future from 2019 to 2026
- Production and consumption point of view (POV) analysis
- Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
- Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
The analysis objectives of the report are:
- To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
- To know the Adaptive Cruise Control Market by pinpointing its many sub segments.
- To profile the important players and analyze their growth plans.
- To endeavor the amount and value of the Adaptive Cruise Control Market sub-markets, depending on key regions (various vital states).
- To analyze the Global Adaptive Cruise Control Market concerning growth trends, prospects and also their participation in the entire sector.
- To examine and study the Global Adaptive Cruise Control Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
- Primary worldwide Global Adaptive Cruise Control Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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