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Adaptive Cruise Control Market is estimated to register 13.2% CAGR during 2019-2026

09-08-2021 08:46 AM CET | Logistics & Transport

Press release from: StraitsResearch

Adaptive Cruise Control Market

Adaptive Cruise Control Market

Adaptive cruise control system is also known as traffic-aware cruise control which is optional cruise control in cars used to detect the distance between the two vehicles and maintain the safe distance between two vehicles. The global adaptive cruise control market is expected to grow at a CAGR of 13.2 % during the forecast period, 2019–2026.

Adaptive cruise control is based on the control sensors components like laser, and radar. Adaptive cruise control system is similar like a conventional cruise control system that maintains the vehicle pre-set cars speed, however, the adaptive cruise control system automatically adjusts the distance between vehicles in the same lane.

Currently, automotive industry is moving towards electrifications and automation. It uses various sensors for detecting the distance between two vehicles. It increases safety and reduces the risk of accidents.

Adaptive cruise control market is segmented based on vehicles types into passenger cars and commercial vehicles. Adaptive cruise control is used in passenger and commercial cars in order to reduce road accidents and provide more safety. Government regulations are taking initiatives to strengthen rules to adapt the adaptive cruise control systems to increase safety. 

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By Technology, Lidar, Laser, Radar, Ultrasonic
By Vehicle Type, Passenger car, Commercial vehicle
By end use, OEMs, Aftermarket

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Adaptive Cruise Control in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Adaptive Cruise Control market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region.

Why buy this report?
Historical inferences, findings & analysis of the market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects

View Full Report @ https://straitsresearch.com/report/adaptive-cruise-control-market/

Key Questions Answered in the Report:
What is the current scenario of the Global Adaptive Cruise Control market? How is the market going to prosper throughout the forecast period?

What are the emerging technologies and related tools that are going to profit the market?

What is the current size of the Global Adaptive Cruise Control Market?

Which segments are the fastest growing and the largest in the market? What is their market potential?

What are the driving factors contributing to market growth during the short, medium, and long term?

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Competitive Landscape:
Autoliv Inc. (Sweden), Continental AG (Germany), DENSO CORPORATION (Japan), Delphi Automotive PLC (U.K), Robert Bosch GmbH (Germany), HYUNDAI MOBIS (South Korea), ZF Friedrichshafen (Germany), Magna International Inc., (Canada), and Mando Corporation (South Korea)., & More...

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