Adaptive Cruise Control Market Reviewed for 2020 with Industry Outlook to 2026 | Autoliv, Inc., Magna International, Valeo S.A., Delpi Automotive

Market Size - USD 19.57 Billion in 2018, Market Growth - CAGR of 6.92%, Market Trends - Rising number of accidents on the road has led to an increase in the demand for safer vehicles, both from the government side as well as the customer side.

The global Adaptive Cruise Control market was valued at USD 13.83 Billion in 2018 and is projected to grow at a CAGR of 6.92% from 2019 to 2026. Adaptive Cruise Control (ACC) refers to an intelligent form of cruise control that allows the vehicles to speed up and slow down automatically in order to keep up with the pace of the traffic ahead. Increasing number of vehicle accidents globally is one of the drivers for the growth of the Adaptive Cruise Control (ACC) market. Another major factor for the increase in the size of the market through the forecasted period are the rising number of initiatives being undertaken by governments globally in order to improve the fuel efficiency of the vehicles as well as improve the safety attributes of the vehicles

ACC is also called as autonomous cruise control, active cruise control, intelligent cruise control and radar cruise control. Regardless of what it is called, it`s becoming an increasingly common feature in new cars globally. ACC works with a sensor that is mounted within the front part of the car that constantly keeps on scanning the road ahead for other vehicles.

Avail the inside scoop of the Sample report: https://www.reportsanddata.com/sample-enquiry-form/2195

Key participants include Autoliv, Inc. (Sweden), Magna International (Canada), Valeo S.A. (France), Delpi Automotive (Ireland), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen (Germany), Hyundai Mobis Co. (South Korea), Mando Corporation (South Korea), and WABCO (France).

For the purpose of this study, Reports and Data have segmented the Adaptive Cruise Control Market on the basis of Technology, Vehicle, Propulsion, and Region:

Technology (Revenue, USD Million; 2016-2026)
Infrared Sensor
Laser Sensor
Image Sensor
Radar Sensor
Ultrasonic Sensor
LiDAR Sensor

Vehicle (Revenue, USD Million; 2016-2026)
Passenger Vehicle
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

Propulsion (Revenue, USD Million; 2016-2026)
Electric
Petrol
Diesel

SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.

Two major trends that can help increase the demand for ADAS over the forecasted period are the switch from conventional powered vehicles to electric powered vehicles; and the increasing automation in vehicles. Trends like these will majorly impact the demand for ADAS through the forecasted period. The rise in the demand for electric vehicles will witness a huge growth of the electric vehicle segment as more and more vehicles will be fitted with ACC in the coming future. Autonomous vehicles which keep a track of the speed of the vehicle in the surroundings and adjust their speeds accordingly will also lead to an increasing demand for ACC through 2026.

Any Query or Discount? Ask our Expert: https://www.reportsanddata.com/discount-enquiry-form/2195

Further key findings from the report suggest
The valuation for the Global Adaptive Cruise Control market was USD 13.83 Billion in 2018 and is predicted to reach USD 23.85 Billion by 2026.

Increasing number of government initiatives globally related to the safety of the vehicle coupled with the increasing number of accidents on the road are the major factors affecting the growth of the market.

Passenger car segment is forecasted to occupy the largest share of the market in 2026 on account of rising demand for vehicles from the customers. Reforms related to the scrapping of conventional powered vehicles and the switch to electric cars is the major factor attributing to the large share of the segment. The Passenger vehicle segment accounted to USD 3.01 Billion in the European region in 2018.

European region is forecasted to occupy a major share in the market on account of presence of many prominent players in the industry like Continental AG, Valeo S.A., and ZF Friedrichshafen.
North America region is forecasted to occupy the largest share in the market in 2026 on account of high demand for safe and efficient vehicles in the region. The region is forecasted to grow to USD 10.02 Billion in 2026.

Competitors in the industry are also utilizing certain strategies like targeted acquisitions and mergers, thus helping them gain a better share in the market.

For Further Details about this Market Visit: https://www.reportsanddata.com/report-detail/adaptive-cruise-control-market

In conclusion, the Adaptive Cruise Control Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

Contact Us:

John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City,
United States, 10005
E-mail: sales@reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics and industries to help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure that our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

This release was published on openPR.