Press release
Adaptive Cruise Control System Market Outlook 2027 Opportunity and Growth Analysis with Top Key Vendors
Adaptive Cruise Control System Market
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Automotive adaptive cruise control market across the globe primarily features RADAR sensors owing to its better efficiency even in adverse weather conditions. Owing to the advantages and the higher range of detection, the RADAR sensor is expected to be more preferable option than LIDAR sensors. The growing adoption of automotive adaptive cruise control systems in the vehicles is witnessed chiefly due to increased incidences of road accidents and growing concerns towards road safety awareness. This is also likely to be amplified by government stringent policies towards the road safety. Globally, rise in younger population is also being considered as one of the major factor that is likely to boost the demand for automotive adaptive cruise control as aged population is more susceptible to retinal breaks and require effective care. Although aged population across the globe shall be more benefitted with such assistive technology with the aid to drive efficiently.
In terms of technology, the adaptive cruise control system market is segmented based on RADAR and LIDAR sensors. RADAR sensors are dominant market share holder of the adaptive cruise control system market, which accounts for about 83.12% share of the total revenue in 2016.
In terms of mode of operation, the adaptive cruise control system market is segregated as, normal adaptive cruise control system and connected adaptive cruise control system. Normal adaptive cruise control system segment holds largest share of 97.51% of the total adaptive cruise control system market. The connected adaptive cruise control system segment is likely to boost in the market with the increased demand for the autonomous vehicles.
The automotive adaptive cruise control industry is highly fragmented with the presence of small and medium sized manufacturers. Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION, Delphi Automotive LLP, Preco Electronics, Autoliv Inc., Valeo, Magna International, WABCO, Hitachi Ltd., and Mando Corp. are major players operating in the market of adaptive cruise control system.
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Global Automotive Adaptive Cruise Control market is segmented as follows:
Global Automotive Adaptive Cruise Control Market Revenue, by Technology
RADAR
LIDAR
Global Automotive Adaptive Cruise Control Market Revenue, by Mode of Operation
Normal Adaptive Cruise Control
Connected Adaptive Cruise Control
Global Automotive Adaptive Cruise Control Market Revenue, by Vehicle
Passenger Vehicle
Commercial Vehicle
Global Automotive Adaptive Cruise Control Market Revenue, by Region/ by Countries/ by sub-region
North America
U.S.
Canada
Europe
Germany
France
U.K
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Rest of Latin America
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