Press release
Adaptive Cruise Control System Market 2018 By Global Size, Share, Key Industry Players - Autoliv, Continental, Denso, Delphi, Bosch, Valeo, Hyundai, Magna , abd Mando Analysis To 2023
Global Adaptive Cruise Control System Market Highlights:
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 market is expected to be valued at USD 15,457.25 million by 2023 with a CAGR of 8.56%.
Get Sample Report On Global Adaptive Cruise Control System Market At: https://www.marketresearchfuture.com/sample_request/4858
Market Competitive Landscape:
The key players in automotive adaptive cruise control market are 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).
Market Segmentation:
The automotive adaptive cruise control market is segmented based on technology, vehicle type, end use, and region. On the basis of technology, radar segment is expected to dominate the adaptive cruise control market during the forecast period because it automatically detects the control of the vehicle. The radar sensors detects the distance between the two cars, which results in the increased safety of the passenger. This increased concern regarding passenger safety, has led to the growth of this market. On the basis of vehicle type, the market is segmented as passenger cars and commercial vehicles. The passenger car segment is expected to dominate the market during the forecast period due to the increase in sale of passenger cars in emerging nations such as India, China, and Japan.
Geographic Analysis:
On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. North America is expected to dominate the adaptive cruise control market during the forecast period due to the increase in vehicle production and stringent government regulations for the safety. The National Highway Traffic Safety Administration have set up various regulations for the passenger safety in cars. Due to the increase in the stringent government regulations, people have adopted adaptive cruise control. This increase in the use of adaptive cruise control is expected to lead to the growth of this region during the forecast period. Europe is expected to be the second largest market that is expected to grow during the forecast period. Asia Pacific is expected to grow with highest CAGR during the forecast period.
Browse market data Tables and Figures spread through 100 Pages and in-depth TOC on "Adaptive Cruise Control System Market" https://www.marketresearchfuture.com/reports/automotive-adaptive-cruise-control-market-4858
Scope of the Report:
This study provides an overview of the global Adaptive Cruise Control System market, tracking market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region.
Target Audience of Report:
This report mainly focuses on Adaptive Cruise Control System market Manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Adaptive Cruise Control System market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Adaptive Cruise Control System market studied.
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