Growth of the market is expected to lead to an estimated evaluation of USD 15,457 Mn by the end of 2023. Report provides Automotive Adaptive Cruise Control Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Automotive Adaptive Cruise Control Global Market 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 Companies Studied in This Research Report Are:
Robert Bosch GmbH, Delphi Automotive PLC, Valeo SA, Hyundai Mobis, Denso Corporation, Autoliv Inc., Mando Corporation, ZF Friedrichshafen AG, Continental AG and Magna International Inc.
Global Automotive Adaptive Cruise Control Market Overview:
There are several factors that are responsible for the growth of market over time in the global scenario.
The growing demand and development of intelligent cars and autonomous cars has drastically affected to growth of the ACC market. Rapid advancements in automotive technologies have given rise to adaptive cruise control, particularly due to rising road safety concerns.
Increasing sales in passenger cars and the growing need for safety systems in emerging economies is expected to spur the ACC market. Rising number of accidents due to changing traffic conditions and the demand for vehicles has led to an increased concern for passenger and pedestrian safety. The ongoing development in ACC technology is expected to provide the market with ample opportunity for growth and make its mark in the development of autonomous vehicles.
North America represents the largest market across the globe due to the presence of a flourishing automotive sector. The increased production of technologically advanced vehicles in the region, in combination with stringent laws regarding passenger safety are driving the market in the region, thus increasing adoption of ACC technology. Moreover, the consumers in the region prefer their own vehicles which increases the need or safety as the traffic conditions on the road change. Europe is the second largest market and follows North America closely in terms of size and growth pattern.
Asia Pacific is anticipated to witness the fastest growth over the forecast period due to the growing shift of global manufacturers to the region. The availability of cheap labor and reduced costs has established the region as a manufacturing hub for the automotive sector. Moreover, the region has a high consumer population, with rising disposable incomes and the rising demand for advanced cars with intelligent technology.
Target Audience of Report:
This report mainly focuses on Automotive Adaptive Cruise Control manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Adaptive Cruise Control market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Automotive Adaptive Cruise Control Global Industry are studied in this report.
The global automotive adaptive cruise control market is segmented based on 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.
Latest Industry News:
Insurance Institute for Highway Safety is looking into the use of advanced driver assist systems such as adaptive cruise control. Mixed results have been recorded.
Scope of Report:
The report for Global Automotive Adaptive Cruise Control Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
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
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrant
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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