The rising rate of road accidents and increasing government initiatives for implementing autonomous vehicles are driving the demand for the market

Vancouver, BC -- (SBWire) -- 03/05/2021 --Adaptive Cruise Control (ACC) is an intelligent assistance technology to accurately control vehicle speed and warn the driver about the situational threats in the environment. According to Emergen Research, the global Adaptive Cruise Control Market is expected to reach USD 62.36 Billion by 2027, registering a CAGR of 20.8%.

The adaptive cruise control is able to control the vehicle speed through a predefined distance providing utmost comfort to the driver coupled with the ability to concentrate better on the traffic signals. The key factors driving the growth of the automotive adaptive cruise control market are an increase in the sale of passenger cars in emerging economies, advancement in technology, and the growing need for passenger safety.

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The rise in the use of ACC has led to the growth of the market over the forecast period. The rise in demand can be attributed to the need for fuel efficiency and the rising number of road accidents. It is a clean and safe alternative that can cater to the unmet transportation needs of emerging countries.

Key participants include DENSO Corporation, Robert Bosch GmbH, Continental AG, Velodyne Lidar, Inc., Delphi Automotive LLP, Magna International Inc, Autoliv Inc., Valeo SA, ZF Friedrichshafen AG, and Mando Corporation, among others.

Vehicle Outlook (Revenue, USD Billion; 2017-2027)
Commercial Vehicle
Passenger Car

Type Outlook (Revenue, USD Billion; 2017-2027)
Assisting Systems
Multi-Sensor Systems
Predictive Systems

Technology Outlook (Revenue, USD Billion; 2017-2027)
LiDAR
Image
Ultrasonic
Radar

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By region, the market is segmented into Asia Pacific, Europe, North America, and the rest of the world. North America is estimated to dominate the adaptive cruise control market over the forecast period owing to the increase in vehicle production and strict government regulations for safety. Owing to the rise in stringent government regulations, people have adopted adaptive cruise control.

Detailed Regional Analysis covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

This rise in the use of adaptive cruise control is estimated to boost the growth in this region over the forecast period. Europe is expected to emerge as the second-largest market that is estimated to grow over the forecast period. The Asia Pacific is estimated to grow at a robust rate during the forecast period.

Key Benefits of Buying the Global Adaptive Cruise Control Report:

Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Adaptive Cruise Control Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Adaptive Cruise Control Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Adaptive Cruise Control Market

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Adaptive Cruise Control Market Segmentation & Impact Analysis

    4.1. Adaptive Cruise Control Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. The rising cases of road accidents

                    4.2.2.2. The increasing demand for safety features

                    4.2.2.3. The increasing government initiatives for implementing autonomous vehicles

          4.2.3. Market restraints analysis

                    4.2.3.1. Adverse weather conditions

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Adaptive Cruise Control Market By Vehicle Insights & Trends, Revenue (USD Billion)

    5.1. Vehicle Dynamics & Market Share, 2019 & 2027

          5.1.1. Commercial Vehicle

          5.1.2. Passenger Car

Chapter 6. Adaptive Cruise Control Market By Type Insights & Trends Revenue (USD Billion)

    6.1. Type Dynamics & Market Share, 2019 & 2027

          6.1.1. Assisting Systems

          6.1.2. Multi-Sensor Systems

          6.1.3. Predictive Systems

Chapter 7. Adaptive Cruise Control Market By Technology Insights & Trends Revenue (USD Billion)

    7.1. Technology Dynamics & Market Share, 2019 & 2027

          7.1.1. LiDAR

          7.1.2. Image

          7.1.3. Ultrasonic

          7.1.4. Radar

Continue…!

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