Press release
The Vehicle Cruise Control Market is Projected to Grow Due to Strict Safety Regulations
Automotive Cruise Control Market
The Automotive Cruise Control Market size was valued at USD 34.12 Bn in 2021 and is estimated to reach USD 53.01 Bn by 2028, recording a CAGR of 6.5% during the projection period.
Automotive cruise control is a safety function that enables the car's cruise control to change the speed in response to oncoming traffic. It is not dependent on other vehicles to assist it, nor is it dependent on roadside infrastructure or satellites to determine how crowded the area is around the vehicles.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/sample/Automotive/automotive-cruise-control-market/25674
In addition, it measures the space between two vehicles using LiDAR, RADAR, or laser technology and helps speed up or slow down accordingly. To keep a safe distance from slower-moving vehicles in front of it, the technology automatically slows down the car. If no impediments are detected by the radar within the cruise control system's range, the car will automatically accelerate to the set speed. In response to approaching traffic, it consequently assists the driver by automatically accelerating and braking.
๐๐๐๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐๐ฏ๐๐ซ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐๐๐ญ๐ฒ
On the basis of component type, the global automotive cruise control market is segmented into RADAR and LiDAR. In terms of adaptive cruise control market share, it is predicted that the RADAR segment will dominate the market during the forecast period. As concerns about the safety of vehicle occupants grow, demand these technologies is increasing. Several governments have made it very difficult for automakers to avoid using RADAR technology in order to boost vehicle safety. Long-range, medium-range, and short-range radars are the three types of vehicle RADARs. The majority of applications for blind spot identification use medium- and short-range radars, which can detect objects that are behind a vehicle.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ข๐ญ๐ก ๐๐๐@ https://www.extrapolate.com/Automotive/automotive-cruise-control-market/25674
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
โ At the Consumer Electronics Show in January 2020, Robert Bosch GmbH showcased its long-range LiDAR for automobiles. This sensor can be used on roadways as well as in cities as it can combine long- and short-range radars.
๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐:
-Robert Bosch GmbH
-Continental AG
-ZF Friedrichshafen AG
-Mando Corp.
-Valeo
-Luminar Technologies, Inc.
-Velodyne Lidar, Inc.
-HELLA GmbH & Co. KGaA
-DENSO CORPORATION.
-Mobileye
๐๐๐๐๐๐๐๐๐๐๐๐
By Component Type
>RADAR
>LiDAR
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
>Passenger Cars
>Commercial Vehicles
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/enquire/Automotive/automotive-cruise-control-market/25674
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ง๐๐ฅ๐ข๐ง๐๐ญ๐ข๐จ๐ง ๐๐จ๐ฐ๐๐ซ๐๐ฌ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ
As a result of major nations such as China, Japan, and India mandating the installation of these systems in all vehicle types, the Asia Pacific region has the greatest market for cruise control. Owing to advancing technology, the cost of these systems has decreased over time. Thus, instead of buying entry-level cars, people are now preferring mid-range ones.
The second-largest market for car cruise control is predicted to be North America. Automobile manufacturers are currently required to include safety features in all models due to the strict government requirements in place in this region. The second-largest market share in the region is also influenced by its early adoption of cutting-edge technology. Europe is expected to have substantial market growth. Large, prominent companies operating there as well as growing consumer awareness of car safety are likely to boost the region's growth.
๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Automotive Cruise Control Market
Chapter 5. Global Automotive Cruise Control Market Overview, By Component Type, 2015 - 2028(USD Million)
Chapter 6. Global Automotive Cruise Control Market Overview, By Technology, 2015 - 2028(USD Million)
Chapter 7. Global Automotive Cruise Control Market Overview, By Vehicle Type, 2015 - 2028(USD Million)
Chapter 8. Global Automotive Cruise Control Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 9. North America Automotive Cruise Control Market Overview, By Countries, 2015 - 2028(USD Million)
Chapter 10. Europe Automotive Cruise Control Market Overview, By Countries, 2015 - 2028(USD Million)
...Continued
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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