Adaptive Cruise Control Market Comprehensive Study, Development Status, Opportunities, consists of sales, Identify growth Size, Future Plans, Competitive Landscape and Growth

Adaptive Cruise Control Market

According to a recent report by Emergen Research, the global market for adaptive cruise control is expected to reach USD 62.36 billion by 2027. The market for adaptive cruise control is anticipated to expand significantly over the course of the forecast period due to rising demand for sophisticated technology to prevent rear-end crashes and rising preference for autonomous vehicles to make other driving-related chores easier. Additionally, the government’s growing measures to adopt low-emission and energy-efficient vehicles are anticipated to accelerate market expansion in the near future.

The cruise control system can change the vehicle’s speed in response to traffic conditions thanks to the adaptive cruise control (ACC) feature. Along the path of the ACC vehicle, a radar sensor installed on the front of the vehicle finds slower-moving vehicles. If a slower moving vehicle is detected, the ACC system will slow the automobile down and control the clearance, or temporal gap, between the ACC vehicle and the vehicle in front. If the ACC system determines that the vehicle in front of it is no longer in its path, it will accelerate the vehicle back to its pre-set cruise control speed.

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Some Key Highlights from the Report was purchased by Velodyne Lidar, Inc. in July 2019. The capabilities of Velodyne for adaptive cruise control and cutting-edge driver assistance technologies will be improved by this acquisition.

Due to the rising demand for fuel-efficient vehicles, the passenger car sector is anticipated to hold the largest market throughout the projection period with a CAGR of 21.2%.

The commercial vehicle segment is expected to expand significantly over the projected period because to the growing concern for road safety among professional drivers and logistics companies.

With a CAGR of 21.1%, the helping system category is anticipated to dominate the market throughout the forecast period. due to the presence of technologies like lane control, brake assistance, and proximity alerts.

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 are a few of the important participants.

Emergen Research has segmented the global Adaptive Cruise Control Market on the basis of vehicle, type, technology, and region:

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

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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