The global Adaptive Cruise Control Market is forecasted to be worth USD 62.36 Billion by 2027, according to a current analysis by Emergen Research. The adaptive cruise control market is forecasted to grow substantially throughout the forecast period due to the increasing demand for advanced technology to avoid rear-end collisions and rising preference for automated vehicles to eases the other activities while driving. Besides, the increasing government initiatives for implementing low emission and energy-efficient vehicles is expected to boost market growth shortly.
The Global Adaptive Cruise Control Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
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Global Adaptive Cruise Control Market - Overview:
The latest market intelligence report, titled 'Global Adaptive Cruise Control Market', is intended to provide the target audience with the necessary information about the global Adaptive Cruise Control industry. The report comprises a detailed analysis of the vital elements of the Adaptive Cruise Control market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.
Key Highlights From The Report
- In July 2019, Velodyne Lidar, Inc. acquired Mapper.ai. This acquisition will enhance the capabilities of Velodyne for adaptive cruise control and advanced driver assistance systems.
- The passenger car segment is forecasted to hold the largest market throughout the forecast period, with a CAGR of 21.2% owing to the growing demand for fuel-efficient cars.
- Due to the rising concern for road safety among professional drivers and logistics organizations, the commercial vehicle segment is anticipated to grow substantially over the forecast period.
- The assisting system segment is expected to dominate the market over the forecast period, with a CAGR of 21.1%. Owing to the features like proximity alerts, lane control, and brake assistance.
The key players in the market are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to retain their market position and enhance their product base. The report also sheds light on the market players in the global Adaptive Cruise Control Market with important details about each market player such as its global position, financial standing, production and manufacturing capacity, license agreement, and business expansion plans.
Key Companies in the market include: 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.
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The primary aim of the report is to offer precise information to the readers and investor and help them invest after understanding the market dynamics at glance. The report offers in depth information about the competitive landscape of the global Adaptive Cruise Control Market with extensive profiling of each market player with its global position, financial standing, business expansion plans, and license agreement.
The report sheds light on the region expected to dominate the Adaptive Cruise Control market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Adaptive Cruise Control market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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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)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Adaptive Cruise Control Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Adaptive Cruise Control Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Adaptive Cruise Control Market Segmentation & Impact Analysis
4.1. Adaptive Cruise Control Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Adaptive Cruise Control Market indicators analysis
4.2.2. Adaptive Cruise Control Market drivers analysis
Key Questions Answered in the Report:
- What is the growth rate of the Adaptive Cruise Control market? What is the anticipated market valuation of Adaptive Cruise Control industry by 2028?
- What are the key growth driving and restraining factors of the Adaptive Cruise Control market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Adaptive Cruise Control industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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About Emergen Research
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