Press release
Automotive Adaptive Cruise Control Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Magna International Inc, Continental AG, Denso Corporation, Hitachi Ltd, Robert Bosch GmbH
Automotive Adaptive Cruise Control Market
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The global automotive adaptive cruise control market report by the business research company identifies rise in the number of road accidents to be a major growth driver for the automotive adaptive cruise control market. A road accident refers to any incident that occurs on a road that causes injury due to crashes originating from, finishing with, or involving a vehicle partially or wholly on a public road. The automotive adaptive cruise control system helps in reducing road accidents by using technology that slows the traffic ahead and automatically adjusts the speed of the vehicles. For instance, in 2022, according to the Ministry of Road Transport and Highway, an India-based ministry, a total of 3.66k road accidents were reported by states and union territories, in which 13.17k people lost their lives and 3.48k people were injured. Therefore, the rise in the number of road accidents is driving the automotive adaptive cruise control market.
The global automotive adaptive cruise control market size is expected to grow from $16.52 billion in 2021 to $18.18 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The automotive adaptive cruise control market is expected to grow to $27.06 billion in 2026 at a CAGR of 10.5%.
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North America will be the largest region in the automotive adaptive cruise control market in 2021. The regions covered in this automotive adaptive cruise control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the Magna International Inc, Continental AG, Denso Corporation, Hitachi Ltd, Robert Bosch GmbH, Valeo SA, Hyundai Mobis, ZF Friedrichshafen AG, Mando Corporation, Nidec Elesys America Corporation, Velodyne Lidar, Knorr-Bremse AG, Eaton Corporation plc, ADVICS Co Ltd, and Visteon Corporation.
The global organic food market is segmented -
1) By Component: LIN, CAN, ECU, MCU, Wire harness
2) By Technology: RADAR Sensor, LIDAR Sensor
3) By Mode Of Operation: Normal Adaptive Cruise Control System, Connected Adaptive Cruise Control System
4) By Vehicle: Passenger Vehicle, Commercial Vehicle
5) By Distribution Channel: OEM, Aftermarket
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The Automotive Adaptive Cruise Control Market Report Contents Include
1. Executive Summary
2. Automotive Adaptive Cruise Control Market Characteristics
3. Automotive Adaptive Cruise Control Market Trends And Strategies
4. Automotive Adaptive Cruise Control Market - Macro Economic Scenario
5. Automotive Adaptive Cruise Control Market Size And Growth
....
28. Key Mergers And Acquisitions In The Automotive Adaptive Cruise Control Market
29. Automotive Adaptive Cruise Control Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the automotive adaptive cruise control market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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