Press release
Increasing Concerns Regarding Road Safety to Aid in Adaptive Cruise Control Market Growth
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The adaptive cruise control market is observing the trend of the rising awareness about the advanced safety features in vehicles. On the rising customer demand, manufacturers are installing advanced driving assistance systems, especially the ACC system due to the rising number of road accidents and the increasing requirement for highly efficient vehicles. These features are no more limited to luxury cars, and auto makers, such as Ford, Chevrolet, and Volkswagen, are now offering them in lower and mid-segment cars as well.
The manufacturers can leverage the growing demand for driver assist systems, thereby boosting the adaptive cruise control market growth. These systems are witnessing a high demand due to the increasing need for vehicle safety and comfort and growing demand for automation in vehicles. Auto manufacturers, such as Cadillac, Volkswagen, BMW, and Audi are increasingly including advanced driver assistance systems in almost all their products. Further, to avoid causalities in road accidents, the market is further expected to witness high growth due to supportive government policies for the integration of these systems in vehicles.
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Competitive Landscape of Adaptive Cruise Control Market
Some of the major players operating in the global adaptive cruise control market are Robert Bosch GmbH Continental AG, Denso Corporation, ZF Friedrichshafen AG, Magna International Inc., Valeo SA, Delphi Automotive PLC, Autoliv Inc., Mando Corporation, and Hyundai Mobis.
In June 2017, Bosch and TomTom have created an HD map with integrated radar road signature that could allow automated vehicles to determine their exact location on a road down to a few centimeters. Moreover, in January 2017, Delphi Automotive PLC acquired Movimento, one of the leading suppliers of over-the-air (OTA) software and data management systems for the automotive industry. The acquisition of Movimento will strengthen Delphi's presence in the vehicle connectivity market.
GLOBAL ADAPTIVEE CRUISE CONTROL MARKET SEGMENTATION
By Technology
Radar
Lidar
Laser
Ultrasonic
By Application
Passenger car
Commercial vehicle
By End-Use
Original equipment manufacturers
Aftermarket
Geographical Segmentation
North America
U.S.
Canada
Mexico
Rest of North America
Europe
Germany
U.K.
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Brazil
Chile
Rest of RoW
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Email: enquiry@psmarketresearch.com
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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