Automotive Adaptive Cruise Control Industry Size, 2023-2032 Key Futuristic Top Trends and Competitive Landscape | Top Players

0
742

 Market Insights

According to MRFR analysis, the global Automotive Adaptive Cruise Control Market is expected to register a CAGR of ~ 8.56% from 2023 to 2032 and hold a value of over USD 64.7 Billion by 2032.  The adaptive cruise control system is an exclusive driver assistance system that aids to maintain a safe distance from another vehicle.

The automotive adaptive cruise control system automatically regulates the vehicle speed to maintain a safe distance from vehicles ahead. The speed of the car is adjusted either by deceleration it down or speeding it up automatically. Rapid automotive technological advancements and the increasing trend of connected mobility are major factors driving the adaptive cruise control market revenue growth. Connected mobility entails gathering data from several sources on a vehicle, processing it, and developing applications around it.

 

Regional Analysis

North America dominates the automotive adaptive cruise control market due to the upsurge in vehicle production and strict government regulations for safety.

Asia-Pacific on the other hand is set to register the highest CAGR for the forecast period due to the growth and expansion of the automobile sector in this region, increasing demand for luxury cars, and increasing personal disposable income.

Market Segmentation

The Global Automotive Adaptive Cruise Control Market has been segmented into Component and Vehicles

Based on Components, The Global Automotive Adaptive Cruise Control Market has been segmented into LiDAR, RADAR, and Others. The RADAR segment is projected to dominate the market over the forecast period in terms of adaptive cruise control market share. Growing demand for the safety of occupants in vehicles is fueling the demand for these systems. Several governments have imposed strict regulations on automotive manufacturers to equip RADAR technology to enhance the safety of vehicles. 

 

Based on vehicles, The Global Automotive Adaptive Cruise Control Market has been segmented into passenger cars and commercial vehicles. The passenger car segment is anticipated to dominate the market over the estimated period. Strict regulations imposed by the government to equip ACC systems in vehicles are fuelling the growth of this segment. Increasing vehicle production across the globe is also one of the significant factors maintaining the dominance of this segment.

Key Players

Some of the key market players are Valeo SA (France), Hyundai Mobis (South Korea), ZF Friedrichshafen AG (Germany), Magna International Inc (Canada), Autoliv Inc. (Sweden), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), and Mando Corporation (South Korea)

Top Trending Reports: –

Automotive Radiator Fan Market

Automotive Fuel Delivery System Market

Automotive Fog Lights Market

Automotive Ignition System Market

Automotive AHSS Market

 

Căutare
Categorii
Citeste mai mult
Alte
Aircraft Engine Fuel Systems Market Share, Overview, Insight Review by 2030
Market Overview: Aircraft Engine Fuel Systems Market Share Size is expected to reach USD 9.14...
By Mira Ray 2023-05-29 12:02:12 0 62
Networking
Attributes Set In Laravel Model
If you are looking to develop a web application using Laravel, understanding how to use...
By John Mark 2023-02-15 19:06:37 0 32
Food
organic processed meat market Future Prospects and Forecast To 2029
The global organic processed meat market size was valued at USD 6,567.6 million in 2022 and is...
By Vidhayani Sayabugari 2023-05-22 10:06:38 0 22
Alte
Bakery Machinery Market Share Growing Rapidly with Recent Trends and Outlook 2032
The report published on global Bakery Machinery Market is an extensive analysis of the...
By Adams Mark 2023-09-06 09:32:59 0 100
Health
Hidradenitis Suppurativa Market Size, Revenue, Demand, Shares, Analysis and Forecasts to 2030
Market Overview The hidradenitis suppurativa market size is growing at the CAGR of...
By Diksha Pote 2023-05-20 17:39:42 0 58