Press release
Releases New Report on the Global Adaptive Cruise Control System Market
Global Adaptive Cruise Control System Market: Segmentation
The Global Adaptive Cruise Control System Market can be segmented on the basis of Geography, Vehicle Type and Technology. On the basis of Geography, the Global Adaptive Cruise Control System Market can be segmented into Asia Pacific, Europe, North America and Latin America. On account of type, the Global Adaptive Cruise Control System Market can be segmented into passenger vehicles and commercial vehicles. Passenger vehicles include luxury cars, mid-range cars and premium cars. Further, considering technology, the Global Adaptive Cruise Control System Market can be segmented into infrared sensors, laser sensors, image sensors, radar sensors and ultrasonic sensors.
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Global Adaptive Cruise Control System Market: Region-Wise Outlook
The key regions in the field of adaptive cruise control systems are Asia Pacific, Europe, Americas. The Asia Pacific region includes the emerging markets like Thailand, India and China. The factors such as rising demands of premium and luxury cars in such regions are effective to the overall growth of the global adaptive cruise control system market. Europe is the region which is a major market to the product and is home for the major suppliers of adaptive cruise control systems. The key regions in Europe comprises of Germany, France and Italy. The American region comprises of Brazil, Mexico, Canada and others; Brazil and Mexico being the emerging markets of this region.
Global Adaptive Cruise Control System Market: Drivers
The growth of the global adaptive cruise control system market highly depends on the rising number of accidents due to increase in traffic. Moreover, with the advancement of technology, people tend to be on a safer side and thus are willing to pay to install adaptive cruise control systems and thus are willing to pay. The increasing disposable incomes and greater sales of premium and luxury cars is also a major factor driving the growth of the global adaptive cruise control system market. The increasing use of sensors with the advancement in the technology is another fuelling factor. Moreover, government initiatives to improve fuel efficiencies and safety attributes of vehicles are motivating the manufacturers to apply such integrated systems to ensure safety as well as to comply with the government regulations.
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Global Adaptive Cruise Control System Market: Challenges
The regions with higher intensity of fog, rainfalls and snowfalls are repelling to the adaptive cruise control systems. Regions with such weather conditions make such safety systems inefficient in making and monitoring the speeds of the surrounding objects and vehicles making the owners of the vehicles reluctant to implement such systems. Since each and every manufacturer competes with each other, each manufacturer implements high end safety sensors thus making the car owners difficult to understand the exact operating procedures of the product.
Global Adaptive Cruise Control System Market: Key Players
Various companies are into manufacturing the adaptive cruise control system market. Some of the key players involved in the global adaptive cruise control system market are Denso Corporation, Magna International Inc., Mando Corporation, Valeo SA, TRW Automotive, Autoliv Inc., Hyundai Mobis Co. Ltd., Robert Bosch GmBH, Delphi Automotive PLC and others.
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