Automotive Adaptive Cruise Control System Market is expected to offer an excellent growth

Stratview Research has launched a new research report on Automotive Adaptive Cruise Control System. This report segments the market in four ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Vehicle Type (On-Highway Vehicles, Off-Highway Vehicles),
 Technology Type (Infrared sensors, Laser sensors, Radar sensors, Ultrasonic sensors, Image sensors),
 End-Use Type (OEM, Aftermarket),
 Region
 North America (Country Analysis: The USA, Canada, and Mexico)
 Europe (Country Analysis: France, Germany, the UK, Italy, Russia, and Rest of Europe)
 Asia-Pacific (Country Analysis: China, Japan, India, South Korea and Rest of Asia-Pacific)
 Rest of the World (Country Analysis: Latin America, The Middle East and Others)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Adaptive Cruise Control System Market.

Years considered for this report –
 base year 2016
 trend period 2010 - 2015
 forecast period 2016 - 2021

Click here to read the detailed description: https://www.stratviewresearch.com/136/automotive-adaptive-cruise-control-system-market.html

View detailed TOC here: https://www.stratviewresearch.com/toc/136/automotive-adaptive-cruise-control-system-market.html

Adaptive cruise control system market to grow at a healthy rate

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 collisions 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 full fill customer’s safety preferences.

Passenger vehicle is expected to remain the most dominant vehicle type

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.

LIDAR sensors based adaptive cruise control system is expected to remain the most dominant technology type

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.

OEMs are expected to remain the largest consumer

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.

Request sample request- https://www.stratviewresearch.com/Request-Sample/136/automotive-adaptive-cruise-control-system-market.html

Europe and North America are the biggest markets

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 Strategies

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.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Major Adaptive cruise control system companies - 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.

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 on 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
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology
This report studies the Automotive Adaptive Cruise Control System Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the Automotive industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.