Press release
Automotive Adaptive Cruise Control Market to Surpass $ 19 Billion by 2023: TechSci Research
Automotive Adaptive Cruise Control Market
According to TechSci Research report, “Global Automotive Adaptive Cruise Control Market By Vehicle Type, By Technology Type, By End Use, By Region, Competition Forecast & Opportunities, 2013 - 2023”, the global automotive adaptive cruise control market is projected to cross $ 19 billion by 2023, on account of increasing demand for luxury vehicles and rising awareness regarding safety while driving. Moreover, favorable government regulations along with increasing sales of passenger cars and commercial vehicles, especially in major developing economies, is further expected to positively influence global automotive adaptive cruise control market. Additionally, continuous improvements in technology is further likely to push demand for automotive adaptive cruise control systems through 2023 across the globe. Major players operating in the global automotive adaptive cruise control market include Denso, Continental, Robert Bosch, Delphi, and WABCO, among others.
Browse 206 market data Figures and Tables spread through 221 Pages and an in-depth TOC on "Global Automotive Adaptive Cruise Control Market"
https://www.techsciresearch.com/report/automotive-adaptive-cruise-control-market/3717.html
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With a dominant share of over 95% in 2017, passenger car segment dominated global automotive adaptive cruise control market, followed by commercial vehicle segment. Among regions, Europe accounted for the largest share in global automotive adaptive cruise control market in 2017, followed by Asia-Pacific, North America and Middle East & Africa. Major factors driving demand for automotive adaptive cruise control in Europe are growing sales and fleet of passenger and commercial vehicles, government focus towards high vehicle safety and rising adoption of adaptive cruise control in countries like UK and Germany.
“Rising incidences of road accidents coupled with increasing traffic congestion is driving the need for automotive adaptive cruise control systems, globally. Moreover, growing safety concerns among people is further pushing demand for adaptive cruise control systems. Rising focus of OEMs towards providing this feature in their vehicles would further steer growth in the global automotive adaptive cruise control market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Automotive Adaptive Cruise Control Market By Vehicle Type, By Technology Type, By End Use, By Region, Competition Forecast & Opportunities, 2013 - 2023” has analyzed the potential of automotive adaptive cruise control in world, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the automotive adaptive cruise control market across globe.
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