Global Automotive Adaptive Cruise Control Market, By Technology (LIDAR, Laser, RADAR, Ultrasonic and Image Sensors), Component (LIN, CAN, ECU, MCU and Wireless Harness), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV) and Medium and Heavy Commercial Vehicle (MHCV)), End Use (OEM and Aftermarket), Mode of Operation (Normal Adaptive Cruise Control System and Connected Adaptive Cruise Control System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Automotive Adaptive Cruise Control Market
Data Bridge Market Research analyses that the automotive adaptive cruise control market will exhibit a CAGR of 8.90% for the forecast period of 2021-2028. Rise in the number of road accidents, rising demand for luxury cars and rising awareness regarding passenger safety are the major factors attributable to the growth of automotive adaptive cruise control market. This means that the automotive adaptive cruise control market value would stand tall by USD 57.29 billion by the year 2028.
Adaptive cruise control system is a unique driver assistance system that helps to maintain a safe distance from another vehicle. The automotive adaptive cruise control system automatically adjusts the vehicle speed to maintain a safe distance from vehicles ahead. The speed of the car is adjusted either by slowing it down or speeding it up automatically. The automotive adaptive cruise control technology is also termed as an intelligent technology. The automotive adaptive cruise control system uses technologies like LIDAR, laser, RADAR, ultrasonic and image sensors.
Upsurge in the demand for efficient passenger safety mechanisms coupled with the rising demand for luxury vehicles is inducing growth in the demand for automotive adaptive cruise control technology. Rising technological advancements in the advanced cruise control systems will further create lucrative growth opportunities for the automotive adaptive cruise control market. Also, rising population and rising personal disposable income will act as indirect market growth promoters.
However, inefficiency of automotive adaptive cruise control in fog, rainfalls and snowfalls will pose a major challenge to the market growth rate. Also, high sensitivity of the sensors used in this technology will further create challenges to the market growth.
This automotive adaptive cruise control market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive adaptive cruise control market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Adaptive Cruise Control Market Scope and Market Size
The automotive adaptive cruise control market is segmented on the basis of technology, component, vehicle type, distribution channel and mode of operation. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the automotive adaptive cruise control market has been segmented into LIDAR, laser, RADAR, ultrasonic and image sensors.
- On the basis of component, the automotive adaptive cruise control market has been segmented into LIN, CAN, ECU, MCU and wireless harness.
- On the basis of vehicle type, the automotive adaptive cruise control market has been segmented into passenger car, light commercial vehicle (LCV) and medium and heavy commercial vehicle (MHCV).
- On the basis of distribution channel, the automotive adaptive cruise control market has been segmented into OEM and aftermarket.
- On the basis of mode of operation, the automotive adaptive cruise control market has been segmented into normal adaptive cruise control system and connected adaptive cruise control system.
Automotive Adaptive Cruise Control Market Country Level Analysis
The automotive adaptive cruise control market is analysed and market size, volume information is provided by country, technology, component, vehicle type, distribution channel and mode of operation as referenced above.
The countries covered in the photonic integrated circuit market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive adaptive cruise control market owing to the increase in vehicle production and stringent government regulations for the safety. Asia-Pacific on the other hand is set to register the highest CAGR for the forecast period owing to the growth and expansion of automobile sector in this region, rising demand for luxury cars and rising personal disposable income.
The country section of the automotive adaptive cruise control market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Adaptive Cruise Control Market Share Analysis
The automotive adaptive cruise control market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the automotive adaptive cruise control market.
The major players covered in the automotive adaptive cruise control market report are Continental AG, Delphi Technologies, DENSO CORPORATION, Autoliv Inc, Magna International Inc., WABCO, Robert Bosch GmbH, ZF Friedrichshafen AG, Knorr-Bremse AG, Mobileye., HELLA GmbH & Co. KGaA, Valeo, HYUNDAI MOBIS, Hitachi, Ltd., PRECO Electronics., BorgWarner Inc., and Mando Corp. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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