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This report, from Stratview Research, studies the adaptive cruise control system market in the global automotive industry over the period 2016 to 2021. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
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The Global Automotive Adaptive Cruise Control System Market: Highlights
Adaptive cruise control is an advanced system that automatically adjusts the speed of a car to maintain a safer distance from the preceding vehicles. The system can increase or decrease the car’s speed in order to maintain a safer distance. Many cars are now also equipped with Stop and Go function that can slow and stop in traffic jams and then accelerate to go again.
The adaptive cruise control system market in the automotive industry is expected to offer an excellent growth over the next five years. An increasing number of collision on the road, rising disposable income, awareness among people regarding safety, and advancement in research & technology are some of the major growth drivers of the global automotive adaptive cruise control system market. Additionally, increasing demand for premium and luxury cars is also propelling the growth of adaptive cruise control system in the automotive industry. Some companies have also started to deploy this system in mid-range cars to fulfill customer’s safety preferences.
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The automotive adaptive cruise control system is segmented based on vehicle type: passenger vehicle, light commercial vehicle, and medium & heavy duty commercial vehicle. Passenger vehicle is expected to remain the most dominant vehicle type during the forecast period. This vehicle segment is also likely to grow at the fastest rate during the same period, driven by an increase in demand of autonomous driving with high passenger safety in premium and luxury cars.
The global automotive adaptive cruise control system is categorized based on sensor type: infrared, laser or LIDAR, radar, ultrasonic and image sensors. LIDAR sensors based adaptive cruise control system is expected to remain the most dominant technology type in the global automotive industry over the next five years. The segment is also likely to witness the fastest growth during the same period.
In terms of the end-use type, OEMs are expected to remain the largest consumer of the adaptive cruise control system in the global automotive industry over the next five years. The segment roughly consumed more than 90% of the market in 2015 in terms of value. Both the end-use segments (OEM and aftermarket) are likely to experience impressive growth over the next five years.
Based on region, the global automotive adaptive cruise control system market is divided into North America, Europe, Asia-Pacific and Rest of the World. Europe and North America are the biggest markets and are also the home continent of most of the adaptive cruise control system suppliers. Shift towards better lifestyle and preference for high-end cars are driving the demand for advanced cruise control system in developing economies.
Adaptive cruise control system can be seen in a wide array of cars. Audi, BMW, Chevrolet, Dodge, Ford, Honda, Hyundai, Land Rover, Lexus, Mercedes-Benz, Nissan, Porsche, Subaru, Toyota, and Volvo are some of the well-known brands that offer adaptive cruise control system as standard or optional equipment in some of their cars. Most of the dealers also provide advanced features like stop and go, steering assist, brake assist, lane change assist and automatic braking as advanced features.
Key manufacturers of the adaptive cruise control system in the automotive industry are Denso Corporation, Magna International Inc., Mando Corporation, Valeo SA, ZF TRW Automotive, Autoliv Inc., Hyundai Mobis Co. Ltd., Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Delco Electronics, Hitachi Ltd., Nissan motor Company, Siemens VDO and Bendix. New product development, advancement in technology, and collaboration with OEMs are some of the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends of the carbon brakes market
Strategic growth opportunities for the existing and new players
Key success factors
The automotive adaptive cruise control system market is segmented into the following categories.
Global Automotive Adaptive Cruise Control System Market by Vehicle Type:
• Passenger Car
• Light Commercial Vehicle (LCV)
• Medium & Heavy Duty Commercial vehicle (M&HCV)
Global Automotive Adaptive Cruise Control System Market by Technology Type:
• Infrared sensors
• Laser sensors
• Radar sensors
• Ultrasonic sensors
• Image sensors
Global Automotive Adaptive Cruise Control System Market by End-Use Type:
• OEM
• Aftermarket
Global Automotive Adaptive Cruise Control System Market by Region:
• North America (USA, Canada, and Mexico)
• Europe (Germany, France, Russia, Italy, UK, and Rest of the Europe)
• Asia-Pacific (Japan, China, South Korea, India, and Rest of the Asia-Pacific)
• Rest of the world (Brazil, Argentina, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Category: Automotive & Transportation
https://www.stratviewresearch.com/136/automotive-adaptive-cruise-control-system-market.html
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life
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