Adaptive Cruise Control Market: 2018 Global Size, Share, Key Players, Trends, Competitive Analysis With Forecast To 2023

Adaptive Cruise Control Market is growing at 8.56% growth rate by forecast period of 2018 To 2023. Global Adaptive Cruise Control Market is segmented by Technology (Lidar, Radar, Laser and Ultrasonic), Vehicle Type (Passenger car and Commercial Vehicle), End use (OEM and Aftermarket), and region. The global Adaptive Cruise Control market is competitive with large and small players in industry.

Key Players in Adaptive Cruise Control Market analyzed 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).

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Adaptive Cruise Control Market Highlights:

The current trend in automotive industry is the shift toward automation. Many manual transmission parts are replaced by automated transmitted components for better efficiency. The adaptive cruise control is the automated technology, which controls the speed of the vehicle by detecting the distance between two vehicles. The control of the speed will reduce the chance of accidents and improve the safety of the passenger. Adaptive cruise control is a trending technology in intelligent cars. The system uses different technology such as lidar, radar, laser and ultrasonic. The most common type of technology used is radar, which detects automatically the distance between the two vehicles. The adaptive cruise control warns the passenger by giving an alarm signal about over-speeding. In some cases, adaptive cruise control automatically applies brake to minimize the chances of accidents.

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%.

Target Audience:

Organizations
Manufacturer
Research Institute / Education Institute
Potential Investors

Adaptive Cruise Control Market Regional 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.

Scope of the Report:

This study provides an overview of the Global Adaptive Cruise Control Market, tracking four 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 five years for each region.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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