The Global Adaptive Cruise Control Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
The rising rate of road accidents and increasing government initiatives for implementing autonomous vehicles are driving the demand for the market.
The increasing rate of road mishaps worldwide due to augmented traffic and lack of safety measures, the incorporation of collision avoidance and advanced braking systems in present-day automobiles, stringent government regulations concerning road and passenger safety, and manufacturers’ rising focus on introducing advanced automotive safety features complying with regulatory norms are some other vital parameters contributing to the global adaptive cruise control market growth.For instance, President Moon Jae-in of South Korea has announced a plan to commercialize fully autonomous vehicles by 2027 and to become the world's first country to have completely self-driving cars on South Korea roads.
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Adaptive cruise control (AAC), also known as autonomous cruise control, is an advanced driver-assistance system equipped with laser sensors and cameras that enable the vehicle to detect other vehicles ahead and automatically adjust its speed to avoid collisions. It is a safety feature that efficiently controls the braking and acceleration of a vehicle. The ACC technology is considered an intelligent feature for cars of future generations. It has proven efficient in maintaining a safe distance between road vehicles and reducing accident risks.
Key Highlights of the Report:
The global adaptive cruise control market is segmented into assisting systems, predictive systems, and multi-sensor systems based on type. The assisting systems segment is expected to lead the global market over the forecast timeline in terms of revenue, exhibiting a robust 21.1% CAGR. The highly efficient features of assisting systems, such as lane centering, proximity alerts, and brake assistance, have fueled their demand worldwide.
The leading industry participants include Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, Continental AG, Valeo SA, Autoliv Inc., Mando Corporation, Delphi Automotive LLP, Velodyne Lidar, Inc., Magna International Inc., Hyundai Mobis Co. Ltd., and Delphi Automotive PLC.
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For the purpose of this report, the global adaptive cruise control market has been segmented on the basis of type, vehicle, technology, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Assisting Systems
Predictive Systems
Multi-sensor Systems
Vehicle Outlook (Revenue, USD Billion; 2017-2027)
Commercial Vehicles
Passenger Cars
Technology Outlook (Revenue, USD Billion; 2017-2027)
LiDAR
Radar
Image
Ultrasonic
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By Region (Revenue: USD Billion; 2017-2027)
North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
Rest of Middle East & Africa
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