Press release
Adaptive Cruise Control Market 2018 Key Country Analysis: Global Industry Size, Share, Trends, And Industry Forecast To 2023
Adaptive Cruise Control Market growing at growth rate of 8.56% by 2023 according to latest report published on Global Adaptive Cruise Control Market 2018. This report provides in-depth analysis of Adaptive Cruise Control Industry by Technology (Lidar, Radar, Laser and Ultrasonic), Vehicle Type (Passenger car and Commercial Vehicle), End use (OEM and Aftermarket), and region.The report for Global Adaptive Cruise Control Market 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.
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Adaptive Cruise Control Key Players Competitive Landscape Analysis:
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 Overview:
Adaptive cruise control is used to control the speed of the car and other vehicle technology. It maintains the speed of the car by either slowing down or speeding up the vehicle, automatically, to keep pace with other cars. Adaptive cruise control (ACC) is a trending technology for intelligent cars. It uses sensors that detect the distance between two cars, which improves driver safety and convenience. They also increase the road capacity by keeping safe distance between the two cars. ACC guides the drivers through the collision warning system installed on-board. It is also attached with pre-crash system and alerts the vehicle by automatically applying brakes.
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%.
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 fore
Segmentation:
The scope of the study segments the global automotive Adaptive Cruise Controls market by its technology, vehicle type, end-use, and region
By Technology:
Lidar
Radar
Laser
Ultrasonic
By Vehicle Type:
Passenger Cars
Commercial Vehicles
By End-user:
OEM
Aftermarket
Regional Analysis:
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.
List of Tables:
TABLE 1 MARKET SYNOPSIS
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
TABLE 7 NORTH AMERICA AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET, BY TECHNOLOGY, BY COUNTRY, 2017-2023
TABLE 8 EUROPE AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET, BY TECHNOLOGY, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET BY TECHNOLOGY, BY COUNTRY, 2017-2023
TABLE 10 ROW AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET BY TECHNOLOGY, BY COUNTRY, 2017-2023
TABLE 11 GLOBAL AUTOMOTIVE ADAPTIVE CRUISE CONTROL BY VEHICLE TYPE MARKET: BY REGIONS, 2017-2023
TABLE 12 NORTH AMERICA AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET BY VEHICLE TYPE: BY COUNTRY, 2017-2023
TABLE 13 EUROPE AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET BY VEHICLE TYPE: BY COUNTRY, 2017-2023
TABLE 14 ASIA PACIFIC AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET BY VEHICLE TYPE: BY COUNTRY, 2017-2023
TABLE 15 ROW AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET BY VEHICLE TYPE: BY COUNTRY, 2017-2023
TABLE 16 GLOBAL AUTOMOTIVE ADAPTIVE CRUISE CONTROL MARKET, BY END-USE, BY REGIONS, 2017-2023
Continued…
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